During the dark days of the credit crisis, New York developers discovered something of a silver bullet in a little-known U.S. immigration program.
Now wildly popular and well-publicized, the EB-5 program offers a green card and potential citizenship to foreign investors in exchange for economic investment in the U.S.
Investors are only paid after their permanent green card is approved, said EB-5 attorney Kate Kalmykov of Greenberg Traurig. “But,” she added, “the law specifies that the amount of repayment cannot be guaranteed.”
Read "EB-5 is at a crossroads."