Real Estate/Development
Jun. 20, 2012
EB-5 gives building industry a booster shot
Building projects are springing back to life because of funding through the federal EB-5 program, in which foreign investors can get visas if they infuse cash into a project that will create a set amount of jobs.
Daily Journal Staff Writer
Work isn't back to pre-recession levels, but from San Diego to San Francisco, big real estate projects in California are showing signs of a rebound. But it's not because lending is getting easier.
A major reason for the surge in activity, lawyers say, is a spike in the past couple of years in federal EB-5 financing, in which foreign investors can be eligible for a visa if they infuse ca...
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