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NES Financial announced today that it has been selected by EB5 Affiliate Network to provide its Intelligent EB-5 Escrow and Fund Administration Solutions on the Regional Center’s latest projects, Water Club North Palm Beach and VUE Sarasota.
The EB-5 visa program, created in 1990, encourages investment into projects that stimulate U.S. job growth, while providing an opportunity for foreign nationals to become lawful permanent residents. While relatively obscure in earlier decades, recent years have seen exponential growth in the use of this capital in job-creating projects of all types and sizes.
The Water Club North Palm Beach and VUE Sarasota projects are both waterfront condominium development projects being built in Florida, each with ~ 141 units.
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