NES Financial’s EB-5 Fund Administration Solution Selected by NuRide Transportation Group LLC

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Suite of Intelligent EB-5 Solutions helps EB-5 issuers meet increasing compliance requirements

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NES Financial is known in the industry as being the top third-party administrator. The transparency they provide for investors along with top-rated customer service for us as the developer enables us to work more efficiently.

NES Financial announced today that NuRide Transportation Group LLC has implemented its EB-5 Fund Administration Solution on the company’s New York City Green project.

New York City Green is an overall transportation solution designed specifically for accessibility needs. An ongoing project, NuRide Transportation Group LLC provides nearly every type of vehicular transportation service, including an eco-friendly line. The first EB-5 developer for a transportation project, NuRide has already received approvals in under 11 months.

“NES Financial is known in the industry as being the top third-party administrator,” said Brandi Robinson, Chief of Staff for NuRide Transportation Group LLC. “The transparency they provide for investors along with top-rated customer service for us as the developer enables us to work more efficiently.”

“EB-5 issuers are increasingly looking to third-party service providers to meet their fund administration needs,” said Reid Thomas, NES Financial Executive Vice President. “Our solutions are purpose built to meet the unique requirements of the EB-5 industry, enabling our clients to focus on their job-creating project while leveraging the solutions to provide additional security and transparency to their investors.”

NES Financial’s suite of Intelligent EB-5 Solutions is designed to cover the unique requirements of the entire EB-5 process, start to finish. Each solution provides security, transparency, and compliance for the utmost investor confidence in a project. Whether utilizing select products or the entire bundle, these unique solutions take care of the middle and back office administration so issuers can focus on doing what they do best.

About NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back and middle office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, we offer industry-leading fund administration, loan servicing, specialized EB-5 administration, and 1031 tax deferred exchange services. Our unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 11 consecutive years of successful independent audits of our technology, processes, and financial controls. Today, NES Financial services over 190 funds, administers over $75B of 1031 assets annually, and has worked with over 450 EB-5 projects. For more information, visit nesfinancial.com.

About NuRide Transportation Group LLC
NuRide Transportation Group introduces a new standard for business through innovative and advanced structural and technological initiatives. The company’s mission is to develop a new standard for the future of transportation through the innovative use of real-world efficiencies, integrated systems, and business processes designed to meet the current and prospective needs of the industry. For more information, visit nuridetransportationgroup.com.

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Laura Kelly
NES Financial
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