When does interest start accruing on the money I put in an escrow account?
I am looking to raise funds for my project under the EB-5 program but am running into difficulties in my pro forma with a concept. If there is money in an escrow account, waiting for I-526 approval, when does interest start accruing? After the I-526 approval or after the lender releases the funds to the developer?
In a direct EB-5 project each EB-5 investor can be a percentage owner of the new commercial enterprise. Each investor will have to create 10 full time jobs by U.S.citizens or permanent residents.