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Will We Lose the EB-5 Program?

LOS ANGELES—In light of new legislation that to make significant changes to EB-5 financing, we sat down with to discuss the potential impact on the real estate market.

Mitchell Wexler Mitchell Wexler is a partner at Fragomen.

LOS ANGELES—Earlier this month, California Senator Dianne Feinstein and Iowa Senator Chuck Grassley proposed legislation that would greatly change or eliminate EB-5 financing, which gives green cards to foreign investors that make US investments that help create jobs. While this is a national program and not exclusive to the real estate market, EB-5 financing is very popular among Asian developers with projects in Los Angeles. To find out more about the proposed legislation, what the eliminating the program could mean for Los Angeles and the support the legislation is getting in Washington, we sat down with Mitchell Wexler, a partner at Fragomen, for an exclusive interview.

GlobeSt.com: How will the elimination of the EB-5 program affect commercial real estate markets, mainly in southern California?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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