NES Financial EB-5 Solution Suite Selected By EB5 United For Manhattan Hotel Project
SAN JOSE, Calif. (PRWEB) January 11, 2018 -- NES Financial announced today that EB5 United and DLJ Real Estate Capital Partners — the fiduciary to EB-5 investors and the development firm, respectively, behind the hotel project at Nine Orchard Street on Manhattan’s Lower East Side — have selected NES Financial’s suite of EB-5 solutions for the project. EB5 United and DLJ will utilize NES Financial’s EB-5 Capital, Process, and Accounting Administration Suites, which are designed to help developers raise and deploy EB-5 capital more quickly, minimize risk, and streamline project efficiency.
The EB-5 program, created in 1990, encourages foreign investment into projects that stimulate U.S. job growth. Once relatively obscure, in recent years there has been an exponential rise in the use of EB-5 capital in projects of all types and sizes. NES Financial’s Intelligent EB-5 Solutions have been used on more than 550 projects, representing over $20B in EB-5 capital — more than any other service provider in the market.
Use of these EB-5 Solution Suites has earned the Nine Orchard Street development a NES Financial “Platinum Medallion,” signifying the project’s commitment to industry best practices and to providing investors with the highest levels of security, transparency and compliance.
EB5 United and DLJ Real Estate Capital have partnered with Advantage America New York Regional Center to facilitate a $73.5 million EB-5 investment in Nine Orchard Street, toward a nearly $200 million total capital raise.
“We’ve worked with NES Financial in the past, on a Four Seasons resort and golf course development,” said Scott Fuller, CEO at EB5 United, “and we’ve found both their services and their reputation in the market to be extremely helpful with investors. Their built-in compliance framework also serves as a great double check on maintaining accurate documentation.”
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. Whether utilizing select products or the entire bundle, these solutions take care of the middle- and back-office administration so issuers can focus on project success.
“Today’s sophisticated EB-5 investor places a high premium on transparency,” said Reid Thomas, Executive Vice President & General Manager at NES Financial. “To this end, the value of our secure, technology-enabled solutions cannot be overstated. EB5 United has seen firsthand the appreciation investors have for audit-ready, 24/7 access to their funds’ status, and we look forward to their partnership on this new development.”
About NES Financial
NES Financial provides technology-enabled services for the efficient middle- and back-office administration of highly specialized financial transactions. Their technology-enabled solutions include EB-5 administration, 1031 exchanges, and private equity fund administration services.
Many of the world’s largest financial institutions and corporations rely on their proprietary technology, unparalleled expertise, and outstanding services to ensure the secure, transparent, and compliant management of funds while also lowering operational costs, reducing risk, and improving ROI.
About EB5 United
EB5 United is an experienced EB-5 sponsor with offices in Los Angeles, New York, Denver, Beijing, Shanghai and Singapore, as well as in Central and South America. Their principals have successfully placed over $370 million and counting in EB-5 capital since 2010, all with a 100% I-526 and I-829 approval track record.
About DLJ Real Estate Capital Partners
DLJ Real Estate Capital Partners is a leading private equity real estate investment firm. Their strategy is to acquire and develop residential and commercial properties in major urban markets and to enhance their value through creative repositioning and intensive management. Established in 1995 as the real estate private equity platform of Donaldson, Lufkin & Jenrette, Inc., their investment partners include government and corporate pension funds, sovereign wealth funds, foundations, endowments, and high-net-worth families.
Laura Kelly, NES Financial, http://www.nesf.com, +1 (408) 367-0826, [email protected]
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