Primary Capital LLC

12/05/2024

10/11/2018

The EB-5 program, which was scheduled to expire Sept. 30, received a reprieve Friday from President Trump, but only through Dec. 7.
The EB-5 program gives foreign investors the opportunity to obtain a green card if they invest at least $500,000 in a project and create at least 10 jobs. It has been extended on a short term basis for the last three years.
If the government doesn’t create new legislation, more foreign investors will start to back out, market experts say, looking instead to similar visa programs in others countries.
https://therealdeal.com/la/2018/10/01/eb-5-got-a-lifeline-but-for-how-long/

EB-5, the once wildly popular green card program giving developers easy access to financing at low rates, is alive but in limbo. Developer demand has fallen, and backlogs in issuing those green cards has created investor uncertainty. The program, which was scheduled to expire Sept. 30, received a

07/31/2018

On Sept. 30, the EB-5 Immigrant Investor Program — under which foreigners have invested billions of dollars in the U.S. to obtain permanent resident status in the country — is set to expire. It has helped tens of thousands realize their American dream, but it is facing sharp criticism over misuse as politicians and government officials call for radical reforms and have even suggested scrapping the 28-year-old program.

https://www.cnbc.com/2018/07/30/eb-5-investors-worry-us-visas-to-millionaires-may-soon-be-overhauled.html

The EB-5 Immigrant Investor Program — under which foreigners have invested billions of dollars in the U.S. to obtain American green cards — is set to expire as calls for it to be abandoned mount.

06/25/2018

The Trump administration has urged the U.S. Congress to either reform or eliminate the EB-5 investor visa programme, which provides green cards to foreigners investing at least $1 million in the U.S. and creating at least 10 permanent full-time jobs.

EB-5 investor visa programme allocates up to 10,000 visas annually to foreign nationals, with a per-country cap of seven percent.

EB-5 is in dire need of reforms to better protect U.S. communities against fraud: Citizenship & Immigration Services

06/11/2018

With Brazil’s cultural and economic ties to Miami—the country is Florida’s top trade partner—Brazilian nationals’ growing participation in EB-5 investment is likely to boost Florida's local economy.
If EB-5 industry groups continue to focus on wooing Brazilian investors, the conversation may expand to the rest of Latin America. Mexico, Colombia, Venezuela and Argentina all have a significant population of millionaires, cultural ties to the U.S. and other factors driving continued migration. Investors from those countries, like Brazilians, are likely to be interested in Florida.

For more information on EB-5 Projects, visit www.primaryllc.com

Brazilians have been courted in recent years by U.S. developers seeking to raise capital through the EB-5 program. But last month the industry took a big step to cement Brazil’s status as one of the fastest-growing players in the EB-5 world—a shift that could be a boon for South Florida’s econ...

05/09/2018

Facing a crackdown on their favorite visa ("H-1B") to enter the United States, hundreds of wealthy Indians are turning to another program that fast tracks immigrants to a green card.

Indian demand for EB-5 visas has "really become explosive in the past 12 months," Neil Weinrib, an immigration lawyer based in New York, told CNNMoney.

http://money.cnn.com/2018/04/25/news/economy/immigration-h1b-eb5-investor-visa-india/index.html

The Trump administration's curbs on the popular H-1B visa are leading Indians to switch to the EB-5 'golden visa'

04/25/2018

Located in the Financial District, 25 Park Row will be a larger addition to the neighborhood. The mixed-use tower will eventually rise up 45 floors. Construction is on the third floor now, leaving a lot to be seen. The building will eventually extend 701 feet above ground, yielding 210,000 square feet of residential space, and 52,000 square feet of commercial space stretching across four floors.

https://newyorkyimby.com/2018/03/city-hall-parks-development-boom-in-full-swing-as-both-23-park-row-and-1-beekman-street-now-rising-financial-district.html

www.primaryllc.com

Construction is moving along quickly for two developments on the City Hall Park... The two developments photographed for this article are 25 Park Row...

04/11/2018

At a time when obtaining legal residency in the U.S. is getting harder, the investor visa may be the surest way — at least for the rich.

http://www.latimes.com/nation/la-na-eb5-visa-explainer-20180410-story.html

www.primaryllc.com

Interest is growing in investor visas among certain nationalities. For those with $500,000 to spare it's often a more expedient way to immigrate to the United States.

03/19/2018

Proposed EB-5 Program Changes by member of the Congress:

Increase in minimum investment amounts from $500,000 to $925,000 or $1,025,000.
Increase in investor filing fees - an additional $12,500 per petition.
Decrease in available visas through the program, from 10,000 to 7,000.
Increase the number of jobs that must be created from 10 to 12.

https://aboutvisas.com/news_detail.php?id=187

Last Friday (March 8th), some members of Congress distributed a legislative proposal that will alter the EB-5 program dramatically. They will try to pass this proposal along with the government spending bill by March 23. If approved, the new EB-5 bill will increase investment amounts and reduce the....