Vireo Energy provides capital for qualifying energy projects using the EB5 visa investment program. The criteria for energy project investments is that they project must create at least 100 full time jobs for our investor’s consideration. Qualifying technologies include CHP, Cogen, Wind projects with turbines manufactured in US, combined cycle gas plants using US manufactured turbines etc. Solar PV does not work. EB5 finance can provide a low cost mezzanine finance for energy projects of 5 to 7 years interest only at @ 3-7% depending on structure and risk. EB5 can usually contribute 10-20% of the capital stack and sometimes up to 100%.
The EB5 program is designed to attract foreign capital and business people by providing the right of residence and citizenship in return. They are generally established by highly-developed, first-world countries whose citizenship is therefore desirable. Immigrant investor programs usually have multiple criteria that must be fulfilled for the investment to qualify, often pertaining to job creation or specific targeted industries. The U.S. EB-5 visa program requires overseas applicants to invest a minimum of anywhere from $500,000 to $1 million, depending on the location of project, and requires at least 10 jobs to be either created or preserved. When these criteria are met, the applicant and their family become eligible for a green card. There is an annual cap of 10,000 applications under the EB5 program.
Please contact Vireo for more information should you have a project that might qualify.