Saturday, December 20, 2014

Developers turn to EB-5 Immigrant Investor Program to fund their construction projects

Developers all across the country have been looking for an alternative source of capital since the economic downturn nearly five years ago. With banks offering high interest rates and low amounts of capital, real estate developers must find another source of funding if they would like to finance their current and future projects. To obtain this alternative source of capital, developers have turned to the EB-5 Immigrant Investor Program which has been in existence since 1990. This job creation program, located under the United States Department of Homeland Security, allows high net worth foreigners to invest in American projects to create American jobs. The foreign investor must invest $1,000,000 or $500,000, depending upon if the project is located in a Target Employment Area (TEA). A TEA is an area where the unemployment is at 150% of the nation’s unemployment rate and this allows the foreign investor to only have to invest $500,000. After the initial investment, the foreigner will receive a conditional green card for two years. If the 10 jobs are created after two years, then the foreign investor will receive a permanent visa. Under the direct EB-5 program, all 10 jobs must be direct payroll jobs. This is very popular in small, labor intensive businesses such as restaurants, fast-food chains, golf courses and retail stores. There is also the EB-5 Regional Center Pilot Program, in existence since 1993, which allows projects to count direct, indirect and induced jobs. This is more practical for large projects looking for $10,000,000 EB-5 capital and up such as casinos, hotels, mixed-use projects, hospitals, senior living, manufacturing and mining projects.

Developers have been turning to the EB-5 capital as a way to progress their stand-still projects and develop new properties. It is a job creation federal program allowing companies to acquire real foreign capital to distribute in their project. It does not happen overnight, but the low interests rates paid back to the investors yearly counteracts the waiting time to get your project approved by the federal government. Artisan Business Group, Inc. has been putting on seminars and conferences across the country educating developers, attorneys, economists, and business professionals about how to effectively capture funding through the EB-5 Immigrant Investor Program. In the past twelve months, Artisan Business Group has hosted EB-5 seminars and conferences Seattle, Dallas, New York, Los Angeles, Chicago, Las Vegas, Miami and Shanghai. Their events focus on the complete EB-5 process from Regional Center creation, structuring and marketing your project, to broker facilitation overseas. In 2014 fiscal year, over 85% of the EB-5 investors are from China but the conferences also talk about investors from South Korea, Taiwan, Vietnam, Iran, India and Latin America.

Artisan Business Group recently announced their American Senior Housing Investment and Finance Conference January 22nd in Dallas, Texas.  The event is perfect for senior housing professionals, real estate developers, private equity fund managers and business owners who wish to capture alternative sources of funding to put into their projects. To learn more about the upcoming Dallas conference on teaching developers how to attract foreign capital, log on to www. http://eb5seniorhousing.eventbrite.com/. For more information about developing, structuring and promoting EB-5 projects and investment opportunities, please contact Mr. Tyler McKay at artisanbusiness@gmail.com.

Friday, December 19, 2014

Kevin Wright to speak at American Senior Housing Conference in Dallas


Mr. Kevin Wright of Wright Johnson is confirmed to speak at the American Senior Housing Investment and Finance Conference in Dallas on January 22nd. Wright Johnson is a national leader in EB-5 Regional Center consulting. They are an industry leading consulting firm for Regional Center applications (I-924) and EB-5 immigration visa applications (I-526 & I-829). Wright Johnson has a highly successful track record of preparing the economic impact studies and supporting business plans required by the USCIS for approval of a Regional Center application. Wright Johnson has successfully prepared many additional specific project documents in various stages of Regional Center development. Our firm maintains a very successful track record of successful Regional Center applications. They have worked with over 300 clients as it relates to the EB-5 process with over 70 Clients who have received USCIS designation as EB-5 Regional Centers. Mr. Kevin Wright will share his expertise on economic report analysis and how to run a successful EB-5 regional center. He will provide examples of senior housing projects and how economic data will be collected to prove job creation among senior housing projects.

American Senior Housing Investment and Finance Conference is a one-day event presented by Artisan Business Group and will be featuring expert industry speakers for new and experienced senior housing developers that are exploring and seeking alternative finance and EB-5 capital to fund projects. Everything you learn here is about effectively developing projects under EB-5 regional center program and capital raising strategies for your senior housing (assisted living, memory care and senior apartment) projects in China, the largest EB-5 market with abundant investment capital. Click here to find out more information and register for the event.

Thursday, December 18, 2014

EB-5 Predictions for 2015 the Year of the Goat



(Source: Bernard Wolfsdorf of Wolfsdorf Immigration Law Group) February 19, 2015 marks the beginning of the Chinese New Year. This will be the Year of the Goat, an animal known for its determination, elegance and good nature. The goat is also known to worry too much and while others impose on it, it is stronger than it seems and prevails in harsh conditions. So too will the EB-5 program thrive in 2015.

Here’s why:
About 11,000 new I-526 petitions were filed in fiscal year 2014 representing over $5.5 billion in new investment, an increase of 72% over the previous year. Since the program involves at least a 5-7 year deal flow, $20-$25 billion in new investment is at stake. U.S. Immigration approved 5,115 EB-5 petitions in the year ending September 30, 2014. For the second half of the year, only 198 were denied, reflecting an approval rate of over 91%. Final stage I-829 applications had an even higher approval rate of almost 95%. These appear to be the highest approval rates on record. Adjudications also sped up as over 1,000 matters were processed in November 2014. See chart below.
In the Year of the Goat, 10,224 EB-5 visas will be allocated, of which 9,050 will be available for Chinese born nationals. This is slightly less than the 9,128 Chinese nationals who obtained EB-5 visas in fiscal year 2014. Chinese immigrants constituted 85.4% of the program. South Koreans representing the second largest nationality with 2.1% or 225 investors. Mexico was third with 129 investors and Russia had 100 investors, or less than 1%. Brazil had 30 investors representing less than half a percent

A Chinese EB-5 quota, or waiting line, often called “retrogression,” is a certainty and the China EB-5 cut-off date will start in May or June 2015. The waiting line for a final interview will be about 2 years. Therefore cases filed before about May 2013 will be eligible for final interviews in May or June 2015. The March 2015 Visa Bulletin, which is published mid-February 2015 will most likely have critical information regarding the date of the establishment of the China cut-off date.

During the months from May 2015 to September 2015 this waiting line will increase from about 2 years to as long as 3 years. While there has been talk about counting only petitions or families, instead of individuals, a more likely possibility is the Obama Administration will allow investors to be admitted to the U.S. before their priority dates become current. Also, principal Chinese investors who are in valid status in the U.S. may be allowed to file an application to adjust status, even though there numbers are not current. Those who file for adjustment of status will be issued work and travel permits while waiting for their green cards. 97% of investors have selected regional centers. Only 316 investors filed direct or stand-alone EB-5 petitions in fiscal year 2014. This is less than 3% of the total. The Regional Center Program is therefore a huge success.

ACTION ITEMS FOR 2015 – THE YEAR OF THE GOAT
If you have a derivative child who will age out because the I-526 petition was filed too close to the Child’s 21st birthday, consider requesting an expedite based on current USCIS guidelines. If you haven’t yet filed your EB-5 application, and there is a derivative child over 18, consider filing with the child as the principal applicant. If your petition has been approved and there is a child beneficiary still under 21 years old, based on the Child Status Protection Act definition, be sure to take steps to “lock-in” the child’s age by filing forms DS 260, and paying the State Department fee bill, or by filing an adjustment of status application, if possible.

For those thinking about applying for an EB-5 investor visa, the time to file is now. The Regional Center program needs to be extended by Congress as it expires in September 2015. While Congress has extended it many times, this extension may come with conditions. For example, the amount of $500,000 was set almost 25 years ago in 1990. That amount presently has the purchasing power of only $275,235, when adjusted based on the Consumer Price Index. Will Congress increase the amount, my guess is they will.

CONCLUSION
With at least $20 billion at stake, and thousands of jobs being created every year, the EB-5 program will continue to thrive. It is probably the only jobs program that doesn’t cost the government a single dollar. Therefore, as new wealth creation continues to provide mobility for high-net worth investors, the EB-5 program will increase in popularity. For those thinking about applying, the time to file is now. Expect to see a substantial increase in the minimum investment amount, and if you are Chinese born, expect a 2-3 year waiting line. Eligibility is established by filing so do your due diligence as to the project and be decisive. The EB-5 program, like the goat, is resilient and resourceful.

Tuesday, December 16, 2014

USCIS has approved over 600 EB-5 regional centers

The EB-5 Immigrant Investor Program continues to reach new achievements and has officially approved approximately 600 EB-5 regional centers as of December 1st, 2014. A Regional Center is defined as any economic unit, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment. As an approved regional center, the entity can sponsor investment projects for EB-5 investors. Projects work through a regional center to take advantage of indirect and induced job creation. Congratulations to the EB-5 program industry on achieving over 600 regional centers and promoting economic growth in their communities!

Monday, December 15, 2014

ABG conducts business meetings in Beijing

Artisan Business Group attends business meetings in Beijing to meet with numerous Chinese emigration agencies. The meetings focused on how agents and investors can conduct proper due diligence on a project in order to find safe investments. There was also much debate about the future of the EB-5 program and what 2015 may bring to the program.

Saturday, December 13, 2014

American Senior Housing Conference comes to Dallas

The American Senior Housing Investment and Finance Conference hosted by Artisan Business Group Inc. is coming to Dallas, Texas on January 22nd, 2015. The American Senior Housing Investment and Finance Conference in Dallas will focus on how to effectively develop projects under the EB-5 regional center program and through Chinese private equity firms to construct new independent living, assisted living, memory care and skilled nursing facilities throughout the United States. The one-day conference presented by Artisan Business Group will feature the most experienced EB-5 experts such as Brian Su of Artisan Business Group, Osvaldo F. Torres of Torres Law, Jeff Carmichael of Rockbridge Senior Living Communities and Eric Jacobsen of Seasons Management.

Alternative financing such as the EB-5 program and foreign private equity can assist senior housing developers to construct new projects to help catch up to the rising demand in the US. The US Health and Human Services Department estimates that nearly 70 percent of people who reach age 65 ultimately will need some form of long-term care. Baby boomers are dramatically affecting the demographics of the United States contributing to a larger and faster growing senior housing demand. By 2040, the aging baby boomers will push the population of 80 and over to 28 million, more than three times the number in 2000. This unprecedented growth has created a senior housing supply shortage and opportunity for senior housing and real estate developers across the country. Everything you need to learn about effectively developing projects under EB-5 regional center program and capital raising strategies for your senior housing projects in China, the largest EB-5 market with abundant investment capital will be presented on January 22nd.

"Senior housing projects have been the most attractive real estate projects in the Chinese market during the past 18 months. China is facing an even larger demographic shift than the US resulting in new awareness and opportunities in both countries. Chinese senior housing companies are looking to the west for knowledge on the operations and training of employees. There are tremendous opportunities for US companies to joint-venture and find partners in China to develop senior housing projects. EB-5 immigrant investors also love senior housing projects due to labor intensity and overall demand in the US market,” says Brian Su, founder of Artisan Business Group. The American Senior Housing Investment and Finance Conference is designed to present the opportunities and knowledge needed for businesses to explore alternative financing through foreign partners such as China. Sign up today to reserve your spot!

Friday, December 12, 2014

Chinese Investors dominate 2014 EB-5 Visa Program

The Chinese Investors have filed for over 85% of all EB-5 visas in Fiscal Year 2014. South Korea was the only other country to have over 2% investors from their country. 97% of all EB-5 visas filed in 2014 were Regional Center 500k investments in Target Employment Areas. The statistics were released US State Department and included in the graph below. Join us in Dallas on January 22nd at the American Senior Housing Conference to learn how to secure EB-5 investors for senior housing projects. 


Thursday, December 11, 2014

ABG hosts client meetings in China

Artisan Business Group is hosting an EB-5 client in Shanghai and Hangzhou this week. ABG has organized meetings for the client to discuss their project with emigration agents throughout the cities. For more information about our consulting services, contact Tyler McKay at artisanbusiness@gmail.com.

Wednesday, December 10, 2014

Artisan Business Group client launches project seminars in China

Artisan Business Group has been providing advisory services to a real estate development company who is in currently in China launching their project into the EB-5 market. The developer attended opening seminars in China discussing their project located in Florida. Contact us today at artisanbusiness@gmail.com to learn more about our B2B consulting services.





 

Friday, December 5, 2014

ADF's new EB-5 regional center approved by USCIS

American Dream Fund Chicago Regional Center, LLC is now approved by USCIS! Congratulations to ADF.  This is a good news for project developers in Chicago area. To learn more information about EB-5 immigrant investor program, call us at 217-899-6661.

Seattle EB-5 Capital Raising Workshop a Success!

Artisan Business Group hosted the Seattle EB-5 Capital Raising Practical Process Workshop December 3rd at the Four Seasons Hotel Seattle. The event was honored to have EB-5 experts such as David Hirson, Michael Homeier, Brian Su, Coleen Danaher, Kevin Wright, and Kevin Daniels to discuss how to efficiently utilize the federal program and updates within the EB-5 program. We would like to thank the Seattle EB-5 Workshop sponsors such as Wright Johnson, Seattle Area Regional Center, David Hirson & Partners, Homeier & Law, and NESFinancial.

We invite you to  attend the American Senior Housing Investment & Finance Conference on January 22nd in Dallas, Texas.

Wednesday, December 3, 2014

ABG team visits Seattle project


Mr. Tyler McKay of ABG team visited consulting client Stadium Place mixed-use project developed by Daniels Real Estate in Seattle. Artisan Business Group provided China market entry services and facilitated agent relationship for Daniels Real Estate. The investors for this project have all received I-526 approvals. For more information about EB-5 program, contact us at 217-899-6661 or artisanbusiness@gmail.com.

Monday, December 1, 2014

EB-5 experts come to town!

EB-5 experts come to town! Learn what is going on with EB-5 market in China!  Artisan Business Group Inc. is to host the Accelerated EB-5 Capital Raising Workshop December 3, 2014 in Seattle, Washington. Come to meet with some of the most experienced EB-5 professionals at the event.

Artisan Business Group
David Hirson & Partners
 
NES Financial
Homeier & Law 
Seattle Area Regional Center
Wright Johnson

The Seattle Accelerated EB-5 Capital Raising Workshop will focus on exploring alternative finance through EB-5 immigrant investors program. Register today at http://eb5seattle.eventbrite.com

Sunday, November 30, 2014

New EB-5 Regional Centers

More new EB-5 regional centers have recently been approved by USCIS
  • Cornerstone Regional Center, Inc. (Alabama and Florida)
  • Golden Opportunity Regional Center (California)
  • Southern California Health and Hospitality Regional Center, LLC (California): 
  • American Advancement Capital Co. (California)
  • Success Dragon, LLC (California)
  • EB5 Fund, Inc. (Connecticut, New Jersey, and New York)
  • Clearwater Beach Resort Regional Center, LLC (Florida)
  • Miami Regional Center, LLC (Florida)
  • Orlando Regional Center, LLC (Florida)
  • Crossroads Investment Partners, LLC (Illinois, Indiana, Ohio)
  • Great Lakes Regional Center, LLC (Illinois, Indiana, and Wisconsin)
  • Southern Opportunity Regional Center LLC (Louisiana and Texas)
  • NYC Regional Center, Inc (New York)
  • American International Venture Fund – Oregon, LLC (Oregon)
  • PetroSam, LLC (Texas)
  • Premier Regional Center, LLC (Texas)

Thursday, November 27, 2014

Holiday Greetings from ABG

Dear friends, we know that you are likely traveling to visit family or busy getting your meals prepared for today, but we at Artisan Business Group wanted to take a moment to wish you a Happy Thanksgiving! God bless you all! Hopefully we will see you in Seattle December 3.

Wednesday, November 26, 2014

EB-5 regional centers for sale?

Buyers and project developers are seeking inactive EB-5 regional centers that are seeking a new owner or partner, any interested RC owners, please feel free to contact us at artisanbusiness@yahoo.com. Confidentiality is guaranteed.