In Part 2 of a recent GlobeSt exclusive interview with CGS3’s Phil Jelsma, the issue of what makes use of the EB-5 program successful is addressed. Jelsma states as a key takeaway that “Investors in EB-5 development projects must ensure the targeted project has some key characteristics including a developer with equity in the project, adequate resources and a strong development track record.”
The interview continues by discussing how developers across the nation have successfully used the EB-5 program to fund projects such as large commercial-property developments, casinos, hotels, assisted-living facilities, manufacturing plants, mixed-use projects and more — gathering large amounts of capital in varying forms, from a handful of investors to large groups of 100 plus.
Jelsma also answers the following relevant questions the CRE community should know to be successful with their use of the EB-5 program:
- Why types of EB-5 investment options are offered?
- How can investors successfully use EB-5 financing?
- What are risks associated with EB 5 financing?
The full article can be read here.