Which banks have flexible early release terms when the offering contains non-escrow investor protections for possible I-526 denial?
Our project involves a two-stage, well-defined early release from escrow, with all early released funds guaranteed by a highly credit-worthy affiliate of the project. We have been told that some EB-5 escrow agents/service providers may be unwilling to waive their underwriting criteria around early release, even if we satisfy the underlying risk through the guarantee. What escrow companies or banks do you have experience with that are flexible with early release when the offering contains non-escrow investor protections for the possibility of I-526 denial?
The first step is to negotiate with the Bank until your goals have been met. There are alternative approaches that satisfy the banks request for the release of funds either at the time the the Petition 1-526 petition is filed or in the alternative until the I-526 is approved.