NES Financial's EB-5 Escrow Administration Solution combined with their banking partner relationships expedites the escrow process and improves our efficiency," said James DeBates, President and CEO of America's Center for Foreign Investment.
(PRWEB) November 15, 2011
NES Financial, a leading provider of escrow technology and services, has announced that leading regional center America’s Center for Foreign Investment, LLC has deployed NES Financial’s EB-5 Escrow Administration Solution.
EB-5 visas provide foreign nationals with the opportunity to become permanent U.S. residents by investing in government-approved projects that create U.S. based jobs. During the initial approval process, regional centers work with NES Financial to place investors’ deposits into escrow pending the approval by the U.S. Citizenship and Immigration Services.
America’s Center for Foreign Investment Regional Center LLC currently represents VantagePoint Village at Ashland City in its efforts to raise funds to design, develop, construct and operate an assisted living facility called Ashland Heights Assisted Living Center in Cheatham County, Tennessee. The facility, being developed by VantagePointe, will provide seniors with health services including independent living, assisted living, and memory care. LCG Capital Advisors, LLC, a FINRA registered investment banker, also represents Ashland City as the project’s exclusive placement agent, directly sourcing EB-5 investors.
“We were looking for a total solution for our EB-5 escrow funds,” said James DeBates, President, CEO of The America’s Center for Foreign Investment. “NES Financial’s EB-5 Escrow Administration Solution combined with their banking partner relationships expedites the EB-5 escrow process and improves our efficiency. The solution is the perfect match for our needs and the needs of our investors. It allows individual investors to see their accounts online, providing an additional level of transparency to help market our project to prospective investors.”
NES Financial is the industry leader in EB-5 escrow administration. The solution is built on the company’s proprietary and proven eSTAC™ technology platform which, in 2010 alone, safely processed over $72 billion in funds.
“The America’s Center for Foreign Investments’ commitment to investment security and transparency makes them an ideal client for our solution,” said Reid Thomas, Executive Vice President of Worldwide Sales and Marketing at NES Financial. “We are thrilled to add such an experienced Regional Center to our growing list of clients as we continue to build momentum in this important market sector.”
For more information on NES Financial’s EB-5 Escrow Administration Solution, click here.
About NES Financial
NES Financial (NESF) is a leading provider of trust and escrow administration technology and services for banks, other financial institutions and Fortune 500 companies. The company’s state-of-the-art virtual private cloud-based solutions provide banks and financial institutions with increased fee revenue opportunities, reduced compliance costs and improved operating efficiency. NES Financial focuses on business sectors with complex processes, significant compliance requirements, and large sub-accounting needs, including landlord/tenant security deposit escrows, client trust accounts, capital raises, pre-need trusts and many more. NES Financial was recently ranked in Inc magazine’s Inc. 500|5000 list of fastest-growing businesses in America.
About America’s Center for Foreign Investment, LLC (AFCI) geographic region includes Alabama, Tennessee and Portions of Florida, Georgia and Mississippi. For more information on ACFI, please visit http://www.acfi-usa.com.
About VantagePointe Homes
VantagePointe brings more than 60 years experience to neighborhoods across the Southeast. For more information on VantagePointe Homes, please visit http://www.vantagepointehomes.com.
About LCG Capital Advisors
A FINRA registered broker-dealer and SIPC member firm, LCG provides a broad range of advisory and support services to companies and individuals involved in U.S. immigrant investor programs, including the EB-5 Program. Our clients include USCIS-approved EB-5 Regional Centers, Regional Center applicants, affiliated project developers, and registered foreign and U.S. securities representatives. LCG’s process ensures the entire transaction is completed in compliance with U.S. securities laws and guidelines, especially transaction solicitation and payment of agent referral fees. LCG’s experienced transaction professionals and team of analysts help its clients execute innovative solutions to meet their operational and financial challenges. For more information, please contact Mike Xenick at mxenick(at)lcgcapital(dot)com or visit http://www.lcgcapital.com.