SAN JOSE, Calif., April 23, 2019 /PRNewswire-PRWeb/ -- NES Financial announced today that Bay Area development firm PNJ5 has selected NES Financial's suite of EB-5 solutions for the new Hyatt Centric hotel project in Sacramento, California. PNJ5 will utilize NES Financial's EB-5 Process, and Accounting Administration Suites, which are designed to help issuers raise and deploy EB-5 capital more quickly, while minimizing risk and streamlining 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.
Hyatt Centric is a brand of full-service lifestyle hotels located in prime destinations and tailored to millennial-minded travelers. The Sacramento location will be adjacent to Golden 1 Center, a sports and entertainment arena that opened in 2016.
"We chose NES Financial for their commitment to transparency, and their reputation in this area with investors," said Jagdev Singh, founder of PNJ5. "The online portal that they provide gives our investors 24/7 access to their account data, immigration status and all project updates. In terms of transparency, that is a major differentiator."
NES Financial's suite of Intelligent EB-5 Solutions is designed to cover the unique requirements of the entire EB-5 process from 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 EB-5 market, establishing trust with potential investors is crucial," said Reid Thomas, Executive Vice President & General Manager at NES Financial. "In addition to fund security and regulatory compliance, our EB-5 administration solutions are purpose-built for the unique and specialized requirements of the program and therefore offer the greatest possible transparency to investors and fund managers alike."
About NES Financial
NES Financial is a Specialty Financial Administrator which serves sectors characterized by high administrative complexity, increased transaction security needs, and challenging regulatory compliance requirements. The company's purpose-built solutions streamline the administrative processes of these markets — simplifying specialized financial transactions, curtailing fraud and abuse and helping ensure the utmost in security, transparency and regulatory compliance through each step of an investment's life cycle.
With its Silicon Valley DNA, proprietary fintech platform and over 15 years of specialty financial administration leadership, NES Financial has defined best practices in each of the markets it serves — from 1031 exchanges and EB-5 visa funding, to private equity and the landmark Opportunity Zones program. Today, NES Financial services more than 290 funds, administers over $20B annually, and has worked with more than 700 EB-5 projects. For more information, please visit nesfinancial.com.
About PNJ5
Based in the San Francisco Bay Area, PNJ5 raises capital for projects within the guidelines of the EB-5 Immigrant Investor Program — a U.S. government effort that encourages investment in job-creating ventures. To help secure investors' futures, PNJ5 performs rigorous due diligence to ensure the projects selected are otherwise bankable, regardless of EB-5 funding, as this approach reduces investor risk. PNJ5 partners with best-in-class firms to enhance their ability to safeguard the transactional integrity of each EB-5 project. For more information, please visit PNJ5.com.
SOURCE Nes Financial Corp.
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