November 2024 Newsletter

Project Updates

 

One of our projects, All Points North has announced a Series D (fourth round) of non EB-5 equity funding. This Series D aims to raise more than $100 million at an impressive enterprise valuation of $500 million. APN has already raised over $100 million non EB-5 equity funding, with the Series C valuation previously set at $225 million.

This is good news for our EB-5 investors. This development significantly lowers the financial risk for the company. With APN maintaining a conservative debt level of under $20 million, the infusion of additional equity ensures minimal leverage and enhances financial stability. These private equity investors are eyeing a potential future sale, and when that happens, EB-5 investors are in line to receive a substantial payout.

Watch our video now:

 

We hosted two informative webinars

 

We’d like to thank attorneys Kripa Upadhyay and Dennis Tristani for two very informative webinars on the requirements and key considerations for EB-5 investors and documenting the source and path of funds.

Click below to watch our two webinars:

        .

 

EB-5 Related News

 

U.S. Citizenship and Immigration Services (USCIS) issued updated guidance clarifying the required investment timeframe for EB-5 investors who filed under the Reform and Integrity Act of 2022 (RIA). This guidance specifies that the investment must be expected to remain invested for at least two years, starting from the date the qualifying investment is made and placed at risk. Additionally, USCIS provided interpretations regarding investors associated with terminated regional centers, outlining conditions under which such investors may retain eligibility.

Donald Trump’s presidential win has sparked considerable speculation regarding the impact on the EB-5 Program. Those who view Trump’s new presidency positively for the program cite his past support for real estate investments and tax cuts for high-net-worth individuals, which could ensure continued investor interest.

In an emailed statement, Klasko Immigration Law Partners, LLP, says: “During the prior Trump Administration, the EB-5 Program remained largely unaffected by his immigration policies, but processing times were significantly longer. While a second Trump Administration’s potential reduction of tax liabilities for high-net-worth individuals (HNWIs) could attract more EB-5 investors, processing delays at USCIS and the Department of State could put off potential investors. EB-5 investors, like other immigrant visa applicants, will also face additional scrutiny at consular interviews.”

Immigration attorney, Kripa Upadhyay, felt that stricter H-1B regulations could lead to a rise in interest for the EB-5 program, as it offers an alternative route to U.S. residency with fewer employment restrictions. In any event, changes would likely unfold gradually. Industry authority Suzanne Lazicki analyzed the previous Trump administration’s influence, predicting a potential deceleration in EB-5 processing over the next few years due to reduced staffing and increased procedural steps, with only a slight dip in legal immigration figures.

 

Team Travels

 

               
We had a busy October attending a number of conferences. Here in the U.S. we had the privilege of attending the 3rd annual JTC / Saul Ewing Advanced EB-5 conference in Miami. It was a fantastic opportunity to connect with key industry stakeholders and gain valuable insights into the latest trends and developments in EB-5.

We also met with prospective investors and our agents at a number of IIUSA events events in Seoul, Shanghai and Guangzhou; UGlobal’s expo in Beijing and Irex’s New Delhi expo.

Share: