Experienced client service team and state-of-the-art technology meet the EB-5 Regional Center’s escrow administration needs

NES Financial, the nation’s leading provider of escrow administration technology and services to the EB-5 industry, announced that California Global Alliance, LLC has selected its EB-5 Escrow Administration Solution to administer investor funds for their retail automotive brand, which caters to the to the U.S. car and truck market.

California Global Alliance, LLC was established to manage the development and construction of numerous public facilities including hotels, restaurants, retail shopping centers, nursing homes and assisted living facilities. Currently, California Global Alliance is participating in the development of an upscale automotive dealership. In order to successfully manage projects of this scale, the California-based EB-5 Regional Center wanted to work with a company with a proven track record in successful escrow administration.

“We are impressed with NES Financial’s technology and how it improves the efficiency of the capital raise process,” said Michael Lewison, Investor Relations and Projects Manager of California Global Alliance, LLC. “NES Financial’s industry expertise and experienced client services team make the EB-5 escrow administration process a smooth one for California Global Alliance, LLC, allowing us to focus on serving the needs of our investors.”

The EB-5 Program provides foreign nationals with the opportunity to become permanent U.S. residents by investing in government-approved projects that create U.S. based jobs. During the investor’s I-526 application process, EB-5 Regional Centers work with NES Financial to place investors’ deposits into escrow pending approval by the U.S. Citizenship and Immigration Services.

NES Financial is the EB-5 industry’s leading provider of escrow administration technology and solutions. Built on its proprietary eSTACTM technology platform, NES Financial’s EB-5 Escrow Solution offers a streamlined approach to administering investors’ deposits. In addition to improving operating efficiency for Regional Centers, the company’s leading technology provides the highest level of security and transparency for investors.

“Providing Regional Centers with a comprehensive and flexible escrow solution remains a top priority for NES Financial,” said NES Financial’s CEO and President, Michael Halloran. “We are delighted that many leading Regional Centers, such as California Global Alliance, are embracing the industry’s best practices for investor security and transparency through the deployment of our solution.”

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