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Question:

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What issues will there be with an EB-5 project that initially used bridge financing? I invested in a project which has an approved I-526. The project utilized private financing (bridge financing) for some of the total capital raised and this private money is now being replaced with EB-5 money. Will there be issues in regards to the private financing/bridge financing? What concerns are there in terms of jobs created using private money which is now being replaced with EB-5 capital?

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Answers:

December 15, 2014 10:00 Ed Beshara

The I-526 petition may clearly show through the Business Plan that EB-5 funding was contemplated to replace traditional funding and the EB-5 funding was committed to the project before construction was completed. Under these circumstances the jobs created before the EB-5 funding can be counted.

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