Playa Vista Equities ("PVE") announces its newest private debt fund, PVE EB-5 Loan Fund (the "Fund"), which will make secured loans to qualified EB-5 investors seeking permanent residency in the United States via the EB-5 Immigrant Investor Program.
Bobby Laughlin, CEO of
Playa Vista Equities, states:
"We are thrilled
to be able to provide yet another solution to the EB-5 markets, which furthers Playa
Vista Equities' mission of innovating within the EB-5 capital market to benefit
the United States and EB-5 investors. This capital solution came in
response to USCIS' regulatory change to the EB-5 Program, which took effect
November 21st, 2019, that among other changes, increased the investment minimum
for TEA projects from $500,000 to $900,000. Since then, we've seen a collapse in the number of I-526 filings in
2020. As measured by
opportunity cost, the United States is losing billions in foreign direct
investment and stifling tens of thousands of jobs that otherwise would have
been created during one of the most brutal economic downturns the United States
has ever experienced.
The
core problem is that the new minimum now requires a much greater percentage of
an investor's net worth to be invested into an EB-5 project. This has
caused liquidity problems for prospective EB-5 investors who may have been able
to aggregate the capital at the previous minimum without selling a substantial
majority of their assets, but who are now in a liquidity dilemma. Our Playa Vista Equities EB-5 Loan Fund will
play a key role in providing qualified EB-5 investors secured debt financing
which solves this problem, enabling them to begin the EB-5 process of creating
U.S. jobs and eventually obtaining permanent residency."
If you are interested in learning more about the EB-5 Loan Program, please click this link.
If you would like to schedule a consultation with us, please email Bobby Laughlin at: bobby@pvequities.com, or contact us through our website.