NES Financial Platinum Medallion Status Awarded to Five South Florida Real Estate Projects
SAN JOSE, Calif. (PRWEB) December 13, 2017 -- NES Financial, the leading provider of institutional-quality EB-5 administration solutions, announced today that it has been selected by EB5 Affiliate Network (EB5AN), a major regional center owner, operator and consultancy firm, to provide the full suite of EB-5 Administrative Solutions for five commercial real estate projects being developed by the Kolter Group in south Florida.
The NES Financial Platinum Medallion Program was developed to promote and recognize operational and administrative best practices in the EB-5 industry, including, transparency, security, and compliance.
“As part of their due diligence process, EB-5 investors and foreign marketing agents are demanding that projects integrate a third-party operational platform as a best practice for the ongoing monitoring of their EB-5 investments,” explained Reid Thomas, General Manager of the EB-5 Business Unit at NES Financial. “Platinum Medallion Status is awarded to only a select group of EB-5 projects that deploy the full suite of NES Financial solutions, ensuring that funds are properly tracked and managed over the entire investment lifecycle.”
This integrated suite of solutions helps secure the entire EB-5 project lifecycle with institutional-quality capital administration, accounting, and process management. The NES Financial EB-5 Administration Solutions Suite raises and deploys capital faster while reducing risk and ensuring success for issuers and investors.
“As part of the NES Financial Medallion Program, we are committed to providing the highest levels of transparency, reporting, and financial security to investors in our EB-5 projects. The Platinum Suite of services from NES Financial is the most effective solution to accomplish this goal,” said Timothy Y. Shih, Managing Partner of EB5AN.
“With this Platinum Medallion Status, we are able to assure EB-5 investors and their representative agents that their investment capital is being properly monitored and administrated throughout all stages of the EB-5 project lifecycle. Working together with NES Financial differentiates our projects in the marketplace, helping us more quickly raise EB-5 capital and allowing our team to deliver a professional and transparent experience to our EB5 investors.”
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, NES Financial offers industry-leading fund administration, loan servicing, specialized EB-5 administration, and 1031 tax-deferred exchange services. The firm’s 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 more than 190 funds, administers more than $75B of 1031 transactions annually, and has worked with more than 550 EB-5 projects. For more information, visit NES Financial.
About EB5 Affiliate Network
EB5 Affiliate Network (EB5AN) owns and operates 15 USCIS-approved regional centers with a geographic coverage area of 22 states. In addition to its regional center affiliation/rental services, EB5AN is also a leading provider of EB-5 project documentation consulting and regional center creation. EB5AN is dedicated to maintaining the integrity of the EB-5 Program and providing increased transparency to industry participants. Through its suite of industry-leading, free-to-use tools, including an interactive TEA Map, Project Job Calculator, and Project Assessment Tool, investors, regional centers, and project sponsors can take the initial steps necessary to ensure project success. EB5AN is composed of a unique, international team from a diverse set of institutional backgrounds in both law and finance, including business strategy, private equity, and securities for the private equity real estate industry. For more information, visit EB5 Affiliate Network.
Laura Kelly, NES Financial, http://www.nesf.com, +1 (408) 367-0826, [email protected]
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