The U.S. Visa Office has announced that the U.S. investment immigration EB-5 visa has entered retrogression, meaning that visa issuance for EB-5 applicants born in mainland China is frozen until the start of the next fiscal year (fiscal year 2015) on October 1st. It is foreseeable that the retrogression issue for U.S. investment immigration will only become more pressing in the coming years. Upon this news, investors have accelerated their application processes. However, Worldway U.S. immigration experts remind investors that it is even more critical at this time to avoid rushing into project selection and neglecting rigorous due diligence and potential risks.
The U.S. investment immigration EB-5 act requires that projects must be "at risk," which makes many investors hesitant. To reasonably mitigate application risks, it is important to determine whether a U.S. investment immigration EB-5 project has an escrow account. The EB-5 act allows for funds to be secure before the I-526 is approved. The specific method is to set up an escrow account, which serves as a safety valve for EB-5 funds.
Leveraging 17 years of experience in U.S. investment immigration, Worldway proudly introduces the Liberty Garden Luxury Apartment project in New York. This project is one of the rare, high-quality EB-5 projects that features an escrow account. An EB-5 fund escrow account has been opened at the Bank of California, stipulating that funds will only be released after the I-526 is approved; if the project's I-526 is denied, the escrow bank is responsible for refunding the investment and issuance fees.
For immigration to the U.S., the Liberty Garden Luxury Apartment project in New York sets up a secure escrow account backed by strong financial strength. This is supported by bridge financing provided by Lightstone, one of the largest private developers in the United States, ensuring that construction progress is not affected by the I-526 processing timeline. Furthermore, the collateral guarantee for the repayment of this U.S. investment immigration EB-5 project exceeds 14.5 times, with equity collateral exceeding 2.8 times and personal asset guarantees at 11.7 times.
Worldway U.S. immigration experts remind investors to seize the opportunity in light of the visa freeze for EB-5 applicants born in mainland China this year. At the same time, choosing a reliable investment project with a bank escrow account is essential for a smoother application process. For detailed information on the Liberty Garden Luxury Apartment project, please call 400-138-2929
