Using the EB-5 immigrant investor program to fund major projects?

[Gary Alford]

Hey BP,

I was listening to a podcast the other day and it wasn't the BP podcast (I know how dare I) and they was talking about the EB-5 immigrant investor program. After hearing them explain it, my mind immediately started spinning and imagining all types of ideas to support some of my future real estate business plans. So I was wondering if anyone here have ever heard of it? More importantly, have anyone ever used it? tried to use it? or are currently working on plans to tap into that source of funding? Please give details of your experience please.

[Lumi Ispas]

Hi @Gary Alford, EB5 viza for the first time in history has reached the amount of this type of annual vizas allowed,  in August this year. Some years in the past there were not enough applicants.

There is a number of developers that use the program in tandem with a handful of attorneys. 

For 2015 there are so many applications filled from China, that the number of visas allowed will be reached probably by Spring!

The attorney fees alone for these type of deals are starting at $10,000 per person and every international investor has to invest a minimum of $500,000. 

Contact me and I will send you the information of one of the attorneys with the largest book of business in Chicago that does only EB5 visas.

Good luck to you!