While EB-5 Centers Need Scrutiny, Projects Viewed As King
Law360, New York (September 17, 2015, 4:30 PM EDT) -- Following a government action against two Washington regional centers, attorneys say it’s wise to thoroughly scrutinize regional centers being considered by EB-5 investor clients, but the merit of the project itself is often more important when it comes to choosing an appropriate EB-5 venture.
Under the EB-5 program, which is highly popular with real estate developers, investors can commit as little as $500,000 to a project and eventually come away with a green card, provided a job creation requirement is fulfilled. Regional centers are used to pool investor funds, and roughly 90 percent of EB-5 investments go through them, according to...
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