We’ve been working with NES Financial for years now, and they’ve successfully administered the EB-5 workflows for some of our largest and most complicated projects.
SAN JOSE, Calif. (PRWEB) March 07, 2019
NES Financial announced today that Epelboim Development Group (EDG) has selected NES Financial’s suite of EB-5 solutions for the new EVEN Hotel by IHG in Atlanta, Georgia. EDG 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 the decade since the financial crisis began 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 700 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 EVEN Hotel Atlanta project an 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.
The EVEN Hotel concept was created by InterContinental Hotels Group in 2012, aimed at travelers who value holistic wellness amenities. A dozen locations are now open nationwide. The 132-room EVEN Hotel Atlanta will be located in the Cumberland/Galleria area of the city, near the Atlanta Braves’ new baseball stadium.
“We’ve been working with NES Financial for years now, and they’ve successfully administered the EB-5 workflows for some of our largest and most complicated projects,” said Noel Epelboim, CEO and President of Epelboim Development Group. “They are the market leader in this space for a reason. Our investors appreciate the value of their services, as well as the transparency they experience as a result of the Platinum Medallion designation.”
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.
“In the current EB-5 market, competition among projects is fierce and investors prefer to work with EB-5 issuers who have a demonstrated track record of embracing the highest standards for best practices,” said Reid Thomas, Executive Vice President & General Manager at NES Financial. “An NES Financial Platinum Medallion is an important designation in the minds of many 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 and Opportunity Zone Fund administration, and 1031 tax-deferred exchange services. Their unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 12 consecutive years of successful independent audits of their technology, processes, and financial controls. Today, NES Financial services more than 190 funds, administers over $20B annually, and has worked with more than 700 EB-5 projects. For more information, visit nesfinancial.com.
About the Developer
Epelboim Development Group (EDG) is an investment and real estate development firm dedicated to identifying, closing, and developing opportunity-driven real estate projects in the hospitality industry in the Southeast region of the United States. Through its distinctive selection of the “best deals,” EDG seeks to generate high risk-adjusted returns for its investors. With over 30 years of experience executing successful real estate ventures, the EDG team prides itself on delivering high-quality and effective results throughout all project stages.