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EagleBank Presents: 15 Things You Need to Know

Washington, D.C. Morning Brief Washington DC

Washington, D.C. Morning Brief

August 16, 2018 Bisnow

EagleBank Presents: 15 Things You Need to Know

Developers Forced To Wean Themselves

Off Chinese EB-5 Funding

The EB-5 program, for years a reliable source of capital for builders in Miami, New York City and other major U.S. cities, has been beset with fraud, long waits and uncertainty. Chinese investors, who made up 85% of all EB-5 investors, are now facing up to a 15-year wait between the time they file their initial petition and the time they receive a green card. With such a backlog, developers are turning to investors in other countries — or giving up EB-5 funding entirely.

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