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Loeb & Loeb partners Dan Besikof and Lance Jurich will speak on a complimentary webinar on the legal and practical challenges relating to the restructuring of defaulted EB-5 loans, as well as anticipated changes to the EB-5 Regional Center immigration program under the Trump administration.
The EB-5 Regional Center program enables foreign investors to obtain U.S. immigrant visas in exchange for investments of at least $500,000 in a Targeted Employment or Rural Area of the U.S. and the creation of at least 10 jobs for U.S. workers. Debt provided by EB-5 investors has become a commonplace form of financing in major commercial and multi-family residential real estate developments, senior living facilities, film financings, and a variety of other industries.
As a result of, among other things, market pressures, shoddy underwriting practices and, in some cases, fraud, the default rate on EB-5 debt far outpaces the default rate on conventional financing. These defaults pose a major risk to the immigrant investor, from both immigration and financial perspectives, and give rise to a variety of unique restructuring issues. Potential changes to the EB-5 program under the Trump administration may add further complications.
Additional speakers include:
The EB-5 Regional Center program enables foreign investors to obtain U.S. immigrant visas in exchange for investments of at least $500,000 in a Targeted Employment or Rural Area of the U.S. and the creation of at least 10 jobs for U.S. workers. Debt provided by EB-5 investors has become a commonplace form of financing in major commercial and multi-family residential real estate developments, senior living facilities, film financings, and a variety of other industries.
As a result of, among other things, market pressures, shoddy underwriting practices and, in some cases, fraud, the default rate on EB-5 debt far outpaces the default rate on conventional financing. These defaults pose a major risk to the immigrant investor, from both immigration and financial perspectives, and give rise to a variety of unique restructuring issues. Potential changes to the EB-5 program under the Trump administration may add further complications.
Additional speakers include:
◾ Chad Ellsworth, Partner, Fragomen, Del Rey, Bernsen & Loewy, LLP
◾ Jeffrey E. Brandlin, President & Founder, Brandlin & Associates
◾ Mark Elletson, Managing Director, Brandlin & Associates
To view this program on-demand, please visit the webinar landing page.
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Chair, Restructuring & Bankruptcy