Some real estate companies are awaiting approval from U.S. Citizenship and Immigration Services (USCIS) to own EB-5 investment immigration regional centers independent of New York State and New York City, in order to attract qualified overseas investors. For a long time, real estate developers have had to rely on third-party financing institutions, and were limited to financing only one real estate project at a time.
In recent years, EB-5 investment immigration has been successfully implemented in real estate projects across major U.S. cities. EB-5 investment immigration regional centers allow real estate developers to seek lower-cost loan capital in global markets. With the continuous growth of the new wealthy class in China and those aspiring to immigrate to the United States, they have become the primary overseas investors that these developers are eager to attract.
EB-5 investment immigration experts analyze that more and more real estate developers are now attracting overseas investment by establishing regional center programs. Currently, New York has over 10 such regional centers, and this number is expected to double within the next six months.
The head of a real estate development firm, which was among the first in New York City to conduct EB-5 financing through its own regional center, stated that this approach is becoming increasingly common, adding, "A series of projects we have on hand will be financed through this model."
