Fieldstone Comments on EB5 Industry Update in BisNow
Ronnie Fieldstone, Chair of the Firm’s Global Immigration and Foreign Investment Practice, is quoted in BisNow’s recent article, "Developers Forced to Wean Themselves off Chinese EB-5 Funding as Visa Waitlist Balloons." The article discusses how Chinese investors are shifting away from the EB-5 programs. Ronnie comments on how this industry change is affecting the EB-5 process.
"The expectations for raising money are less," said Ronnie. "It’s hard to get $200M on a transaction. You could get that three years ago, but it’s very hard today. As China retrogresses, they have been more modest in their request for capital."
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