San Jose, CA, March 5, 2013– NES Financial, a leading provider of escrow administration technology and services to the EB-5 industry, announced that the Global Premier America Regional Center (GPARC) of Irvine, CA has selected the company’s EB-5 Escrow Administration Solution to administer the investor funds associated with GPARC’s Congregate Care Residential Community in Orange County, California.
During the investor’s I-526 application process, EB-5 Regional Centers work with NES Financial to place investors’ deposits into escrow accounts pending approval by the U.S. Citizenship and Immigration Services.
“NES Financial, as a leading provider of administration solutions for multi-party escrows and trusts, provided the most trusted solution for GPARC,” said Christine Hanna, COO, of Global Premier America Regional Center. “GPARC likes the company’s state-of-the-art technology, transparency, security and strong adherence to regulatory compliance, as well as the blue chip client base it currently serves.” Hanna added: “GPARC and NES Financial share a strong and ongoing commitment to EB-5 industry “best practices” and with the re-authorization by Congress of the EB-5 Program for three more years in September 2012, it is more important than ever that we as an industry do this right as we advocate for permanent re-authorization in advance of the new September 2015 ‘sunset’ date.”
Global Premier America Regional Center is approved to invest and build in 17 counties throughout California and focuses on the medical industry and assisted living projects due to the strong job creation potential. A Congregate Care Residential Community in Orange County known as Azure Plaza Village is a $55 million three (3) phase project and the second EB-5 project for GPARC.
NES Financial continues to be an EB-5 industry leading provider of escrow administration technology and services. Built on its proprietary eSTACTM technology platform, NES Financial’s EB-5 Escrow Administration Solution offers a streamlined approach to administering investors’ funds.
“Global Premier America Regional Center is a leading USCIS Regional Center in California, and like our EB-5 Escrow Administration Solution, has a proven track record,” said Reid Thomas, NES Financial’s Executive Vice President of Worldwide Sales and Marketing. “Providing Regional Centers like GPARC the ability to provide transactional transparency, funds security and regulatory compliance through the entire EB-5 immigration process from I-526 application to I-829 approval is the foundation of our EB-5 Solutions.”
For more information on NES Financial’s EB-5 Escrow Administration Solution, click here.
About NES Financial
NES Financial is a leading provider of administration solutions for businesses with complex processes, large sub-accounting needs, and significant compliance requirements in a broad spectrum of industries. Combining in-house financial and legal expertise with state-of-the-art technology, NES Financial helps banks, Fortune 500 corporations, and EB-5 Regional Centers improve operational efficiency, lower costs, and improve profitability. Recognized by Inc. 500|5000 as one of the fastest-growing private companies in America, NES Financial safely processed more than $85 billion last year and helps protect businesses from financial risk by delivering unmatched levels of transparency, funds security, and regulatory compliance.
About Global Premier America Regional Center
Global Premier America Regional Center, L.L.C. (GPARC) is a federally approved company that operates as an EB-5 Regional Center in Irvine, Orange County, California. Extending throughout most of California, we specialize in 17 different counties. It is GPARC’s mission to introduce foreign investors to quality investment opportunities that enhance regional economic development and both California and U.S. job creation at a time when our state and nation need it the most. For more information, please visit www.geb5.com.