5 Considerations For Banks Eyeing EB-5 Bridge Lending
By Andrew McIntyre (May 26, 2015, 3:53 PM EDT) -- As the EB-5 program, which allows foreign investors to commit as little as $500,000 to a project in exchange for a green card, continues to pick up steam and funnel hundreds of millions of dollars into U.S. projects, banks are increasingly eyeing an opportunity to help developers bridge a common funding gap inherent in the process.
While banks see an opportunity to help developers fund a typical year-long gap that occurs while foreign investor money is held in escrow, the complexities of loaning in connection with the government immigration program make such loans significantly more complex, more risky and more difficult...
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