Nearly $17B in EB-5 funds are ready for redeployment Greystone created fund to reinvest in RE bridge loans
Rendering of Hudson Yards and Greystone s Allison Berman
A 10-year backlog in EB-5 applications has a silver lining: $16.6 billion that investors can reinvest in real estate or other businesses if they still want a green card.
The origin of the money is a unique problem with the EB-5 program, in which investors can invest $500,000 in a U.S. business in exchange for a green card. But the program requires investors money to be at risk pending the outcome of the application. Since the U.S. only hands out 10,000 EB-5 visas a year, a years-long backlog means some developers want to return investors money before they obtain the green card.
The solution? In June, the U.S. Citizenship and Immigration Services said上海夜网论坛