Real Estate Financing Outside the BoxJuly-August 2013 – Articles CCIM
Tara H. Popova authored the CCIM article, "Real Estate Financing Outside the Box." Full text can be found in the July-August 2013, issue, but a synopsis is noted below.
In 1990, Congress created the EB-5 Immigration Investor Program in order to encourage foreign entrepreneurs to invest in U.S. businesses in exchange for immigrant visas and U.S. citizenship.
During 2013, the EB-5 Program is anticipated to fuel $2.1 billion of foreign investment into the U.S. economy, creating more than 40,000 jobs.
In order to qualify for permanent U.S. residency under the EB-5 program, a foreign national must invest a minimum of $500,000 in an American company and employ 10 American workers.
With sources of traditional financing having become increasingly difficult to find during the economic downturn and real estate crisis, an increasing number of developers are looking for foreign financing.