I-526 Insurance under scope of EB 5 Visa process
Kurt Reuss: Marc, what criteria do you use to decide whether or not a project is coverable under your I-526 policy?
Marc DiFanti: When we look to underwrite these policies and do our due diligence, we really look at it from two standpoints.
First, of course, is the strength of the project. We look at the project as a whole and its viability and its likelihood of success and how it can work going forward.
Secondly we would look at the team that’s been put together. Do they have a great securities council? Do they have a great immigration counsel? Do they have a great regional center with a great track record in the EB-5 visa industry?
For example, we’d consider Bruce Rosetto from Greenberg Traurig as great; that is, he's somebody who’s been in this industry for a long time and he and his firm have handled a large number of EB5 projects. When we see team members like him, and a whole cohesive team that knows the industry and can handle these types of petitions and filings and understands all the work that goes into it, we realize that they're projects that we want to insure and projects that are likely to receive acceptance from us.
Kurt Reuss: That sounds like it could be a bit of a challenge to figure out who you want to enroll. Obviously, it comes down to the experience of the people involved.