The Manager of the NCE (EB-5 investors) should consider the following loan administration checklist.
- Retain Independent Counsel. The loan documentation should be in accordance with industry standards and consider the EB-5 Immigration program's unique requirements.
- Undertake the same due diligence as a financial institution. This includes obtaining a feasibility of current market conditions, appraisers, title reports and potentially title insurance, a survey, zoning and environmental reports.