The program gives visas in exchange for investments in job-creating projects Projects that have received financing through EB-5 include Hudson Yards on Manhattan's West Side The next four months could be hectic for developers and foreign...
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Changes to U.S.’s EB-5 Program Could Shift Money to Rural Areas
A Look at the More Stringent EB-5 Foreign Investment Visa Rules
Saul Ewing Arnstein & Lehr partner Ronald Fieldstone in Miami and associate Rohit Kapuria in Chicago. Foreign investors will have to put in a minimum of $900,000, up from the previous $500,000 base, starting Nov. 21. The Trump administr...
Big changes are coming to the EB-5 program
President Donald Trump Regulations raise minimum investments for most NYC projects from $500K to $900K; limit gerrymandering The Trump administration released new rules governing the EB-5 cash-for-visas program. And many in the real esta...
Foreign investors seeking green cards to pay far more under new EB-5 visa rule
Senate Judiciary Committee Chairman Chuck Grassley of Iowa chairs a meeting of the committee, Friday, Sept. 28, 2018, on Capitol Hill in Washington. A U.S. visa that awards green cards to foreign investors will require a much larger invest...
Lightstone Lands $70M in EB-5 Funding for Manhattan Hotel
On track for a September opening, the property is the third Moxy-brand hotel in Manhattan developed by Lightstone in partnership with Marriott. Lightstone has raised $70 million for the development of Marriott Moxy East Village, a 286-key h...
20 Kenyans Express Interest in $500,000 US EB-5 Visa
At least 20 Kenyans are in the process of acquiring US Employment-Based Visa, popularly known as EB-5 Visa, US-based private equity company has divulged. Atlantic American Partners through its Managing Director Daniel Ryan said it received ...
Federal Appeals Court Rejects Fraud Suit Against Green Car Company
Chinese investors lose bid to recover millions poured into failed electric car company after Fourth Circuit US Court of Appeals ruling. A failed "green" car company run by the former governor of Virginia will not be held accountable for unt...
Lam Group Grabs $68M Refi on FiDi Hotel
A Lower Manhattan hotel has locked in a $67.5 million refinancing from Investors Bank, New York City property records show. In a deal that closed earlier this week, Lam Group, led by investor John Lam, refinanced the outstanding debt on its...
Chinese are big customers for schemes selling foreign residency
Tang Shougang is one of a generation of young Chinese who seem to have it all. Aged just 35, Mr. Tang (not his real name) has a well-paid job for a tech firm, and his wife owns a successful shop. They have two young sons, two cars and an apart...
Chinese investment in US homes contracts by the most in nearly 10 years as trade war, capital controls bite
A prospective buyer browses property listings in New York. ? Chinese buyers pulled away from the US residential market in the past year, as the trade war and tighter capital controls led to a 56 percent decline in investment – the biggest c...
Manhattan Condo Slump Starting to Imperil City Developers
The developers of a downtown Manhattan luxury condo building known as 125 Greenwich are in default, according to papers filed by one of its lenders. High-rise developers in Manhattan are coming under stress as tough market conditions are s...
Nearly completed Le Jardin condo project files for bankruptcy
Verzasca Group president & co-founder Darius Kasparaitis and Le Jardin Residences Le Jardin had $27.5M in assets and $7.1M in liabilities, according to its filing Verzasca Group’s Le Jardin Residences boutique condo project in Bay Harbor...
EB-5 US Investor Green Card Program: Important update
Alarm bells are ringing within the US EB-5 Investor Visa community in the United States and around the world. The current EB-5 investment Green card program started in 1990 ends on September 30, 2019, but has been extended many times. Diann...
Real Estate Developers’ Plea to Trump: Don’t Roll Out New EB-5 Regulation
Right now, New York real estate developers are hoping a former (and likely future) New York City real estate developer, President Donald Trump, will back off from pushing a regulation that will harm job growth and infrastructure investment in ...
Exclusive: Palm Beach mansion lost by developer in bankruptcy sells for $30.275M
Mortgage-holder sells the former home of Robert V. Matthews to the couple who just sold a Palm Beach mansion for more than $40 million. As developer Robert V. Matthews awaits sentencing on felony conspiracy and money-laundering charges in C...