When do EB-5 funds have to enter a project in order to count construction jobs? If a hotel project starts to raise EB-5 funds when the hotel is nearing completion, will the construction jobs be counted as new job creation? What time constraints are applicable when evaluating construction jobs for job creation?
It is advisable the EB-5 funds enter the project before the end of construction. The bridge loan can be paid off by the EB-5 funds and the jobs created by the construction will be counted towards the EB-5 investors.