Jelsma: “In recent months, it’s taken even longer than usual for developers to get EB-5 financing because of the backlog of applications.” Jelsma: “In recent months, it’s taken even longer than usual for developers to get EB-5 financing because of the backlog of applications.”

Part 2 of 2

SAN DIEGO—Investors in EB-5 development projects must ensure the targeted project has some key characteristics including a developer with equity in the project, adequate resources and a strong development track record, Phil Jelsma, partner and chair of the tax-practice team at Crosbie Gliner Schiffman Southard & Swanson, tells GlobeSt.com. In part 2 of a two-part story, Jelsma discusses how developers can use the program to finance projects successfully. In part 1, he explained the latest legislative changes that have affected the program.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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