eb 5 financing
Developer’s EB-5 Handbook for Construction Financing — New 3rd Edition
Jim Butler | May 9, 2022
By Jim Butler and the Global Hospitality Group® JMBM’s Global Hospitality Group® and EB-5 Finance Group™ are pleased to publish an updated edition of The Developer’s EB-5 Handbook for Construction Financing. This new and improved handbook provides essential resources for developers considering EB-5 financing for their next project. The recent EB-5 Reform and Integrity Act of 2022 and the reauthorization of the Regional Center Program, a crucial part of EB-5’s success, has generated renewed interest in the program’s low-cost funding opportunities. The Global Hospitality Group® has developed an approach to guide clients thr...
What the 2022 Revitalization of EB-5 Financing Means Today: Part 2
Jim Butler | April 25, 2022
By Jim Butler and the Global Hospitality Group® Part two of our recent article in Westlaw Today explores the opportunities available to developers and investors now that the EB-5 program is back on track. For part 1, click here. This article was originally published on Westlaw Today on April 14, 2022. What the 2022 Revitalization of EB-5 Financing Means for Real Estate Developers and Other Entrepreneurs: Part 2 What are foreign investors looking for? Experts expect to see a flood of interest in the EB-5 program, both from foreign investors anxious to immigrate to the US, and from real estate developers with shovel-ready project...
EB-5 Finance Lawyer: President Trump’s Budget Deal Includes Extension of EB-5 Through 12-8-17
Jim Butler | September 8, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 08 September 2017 President Trump's budget deal with Congress includes extension of EB-5 through December 8, 2017. In a message to members of the Public Policy Committee today, the IIUSA confirmed the extension of the EB-5 regional center program as part of the budget deal struck yesterday by President Trump and Congressional leaders. IIUSA message on EB-5 extension The IIUSA is one of the leading EB-5 industry trade groups. Here is the text of the message from the IIUSA we received today: Dear IIUSA Public Policy Committee, As we are sur...
EB-5 Financing Lawyer: What JMBM Does to Help Developers With EB-5 Construction Financing
Jim Butler | August 28, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 28 August 2017 Focus on helping developers Client confidentiality precludes us from listing clients and projects we have assisted with this program, but suffice it to say that some of the best known names in the business are tapping into this funding source to fill out their capital stack at a favorable cost. And we have helped some of the biggest and highest profile players. JMBM has closed more than $1.5 billion of EB-5 financing and has sourced more than half of that for our development clients. We specialize in representing developer...
EB-5 Financing Lawyer: Why You Do NOT Want to Form Your Own Regional Center
Jim Butler | August 22, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 04 August 2017 How should developers pursue EB-5 financing? Although the EB-5 immigrant visa program has been around since 1990, the current trend of using it as a source of financing for hotel and other real estate started 20 years later – around 2010. We worked on one of the first hotel EB-5 financings for the W Hotel & Residences in Hollywood, and we have since worked on more than 100 EB-5 projects all over the country. Now, the use of EB-5 financing for construction has gone mainstream. High profile EB-5 financing closings ...
EB-5 Financing Lawyer: The 5 Questions Every Developer is Asking About EB-5 Financing
Jim Butler | August 18, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 18 August 2017 EB-5 financing has gone mainstream for hotel development The use of EB-5 financing has exploded over the past 8 years as an important funding source for new development – particularly for hotel developments. It is clearly now part of the "mainstream." It is used by many institutional players, including government entities such as port authorities, major hotel brands like Marriott and Hilton, and some of America's most successful and respected companies, such as Great Wolf Resorts, the Related Companies, and Silverste...
EB-5 Financing Lawyer: EB-5 Construction Financing Term Sheet for Top Developers
Jim Butler | August 15, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 15 August 2017 EB-5 financing comes in many colors and shapes JMBM believes that for most developers, EB-5 financing is best structured as mezzanine debt or preferred equity, to optimize the total amount of financing and reduce the cost of the capital stack. Normally, senior construction debt (secured by a first priority lien) will be significantly cheaper than EB-5 money, but senior lenders (particularly if the subject project is a hotel) rarely lend more than 50% to 55% of the total cost of construction. Most of our clients like to use ...
EB-5 Financing Lawyer: FAQs: Essentials of EB-5 Construction Financing for Developers
Jim Butler | August 14, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 14 August 2017 Below are some of the most Frequently Asked Questions (FAQs) and answers regarding EB-5 funding for developers (click the link for answer, or scroll down) 1 What is EB-5? 2 Why is there so much interest in EB-5 financing? 3 Is EB-5 funding available for new construction? 4 Can I use EB-5 funding to buy an existing project? 5 Is there any limitation on the kind of project funded with EB-5? 6 How much does EB-5 money cost? 7 How do I know if EB-5 will work for me and my project? 8 What is a regional center and do I need one? ...
