San Jose, CA (PRWEB) April 02, 2013
NES Financial, a leading provider of trust and escrow administration solutions for Regional Centers, financial institutions and corporations, today announced it has partnered with the law offices of David J. Hart in Miami to administer and protect funds invested in the Astor EB-5, LLC hotel development. NES Financial’s EB-5 Escrow Administration Solution streamlines the escrow process, provides transactional transparency, and ensures security for investors’ funds.
The nation’s EB-5 program encourages investment in U.S. based projects that create U.S. jobs and provide foreign nationals with the opportunity to become lawful permanent residents. Leading EB-5 projects, like Astor EB-5, LLC, hold the investor’s deposit in an escrow account.
David Hart anticipates creating as many as 100 jobs for the renovation of the 42 room hotel in Miami Beach, Florida. “That is what the EB-5 program is intended to do, it brings in capital and jobs”, said Hart, an immigration attorney. “Our potential investors and foreign partners requested that we work with NES Financial. We learned that they are the market leader and we believed this would help us attract investors. We have not been disappointed. In addition to the improvements in efficiency afforded by NES Financial’s technology and service based-solution, the NES Financial team was very responsive and helped us think through the process.”
“We are pleased that so many firms, like David J. Hart firm, are embracing industry best practices and are selecting our solution to improve the security and transparency for their investors, said Reid Thomas, NES Financial’s Executive Vice-President. “Our recent agreement with Astor EB-5, LLC demonstrates its commitment to best practices for investors.”
Leading EB-5 regional centers, financial institutions and Fortune 500 companies currently use NES Financial’s proprietary eSTAC technology and escrow administration solutions to administer a wide range of specialized financial transactions.
Learn more about NES Financial’s EB-5 Escrow Administration Solution.
About NES Financial
NES Financial 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 500|5000 list of fastest-growing businesses in America. Visit NES Financial.
About David J. Hart
David J. Hart, P.A., is a law firm located in Miami, Florida that concentrates its practice on matters of United States immigration and nationality law, with a specific emphasis on business, professional and investment cases for foreign national companies and individuals all over the United States and abroad. We represent businesses in all areas of immigration, including temporary and permanent residence based on employment or family relationships, consular processing, naturalization, re-entry permits, Department of Labor audits and I-9 employer sanctions. Our firm is skilled in the preparation of all immigration petitions and applications and has developed checklists and procedures for streamlining the process for both the employer and the foreign national. For more information visit http://www.immigrateusa.com.
About Astor EB-5 LLC
The Astor EB-5 offer is a USCIS compliant EB-5 offer based on the equity model, in which each investor makes his qualifying investment to become an owner of the new LLC that will acquire the hotel. For more information visit http://www.AstorEB5.com.