{"id":1359,"date":"2025-11-03T11:33:28","date_gmt":"2025-11-03T16:33:28","guid":{"rendered":"https:\/\/www.brickellsold.com\/blog\/eb-5-visa-program-helping-fund-south-florida-development\/"},"modified":"2026-04-13T10:44:31","modified_gmt":"2026-04-13T14:44:31","slug":"eb-5-visa-program-helping-fund-south-florida-development","status":"publish","type":"post","link":"https:\/\/www.brickellsold.com\/blog\/eb-5-visa-program-helping-fund-south-florida-development\/","title":{"rendered":"EB-5 Visa Program Helping Fund South Florida Development"},"content":{"rendered":"<div id=\"the-content\">\n<p>South Florida developers are increasingly looking to EB-5 funding to fill gaps in their capital stacks, as foreign investors rush to participate before the program expires. \u00a0<\/p>\n<p>The visa program, which provides green cards to investors and their immediate families whose funds lead to the creation of 10 full-time jobs for U.S. workers, has a minimum threshold of $800,000 for investment in rural areas or areas with high unemployment. That goes up to $1.05 million for projects outside of Targeted Employment Areas.\u00a0<\/p>\n<p>EB-5 financing typically accounts for between 20 and 30 percent of a project\u2019s capital stack, replacing preferred equity. The funds are a loan, so if it all goes according to plan and the project is completed, it\u2019s a win-win for investors and developers.\u00a0<\/p>\n<p>\u201cWhen we look at the people from Latin America coming in [to the U.S.], most of them are coming to get an education for their children, and sometimes the parents don\u2019t even come over,\u201d attorney Jill Jones, who has been involved in more than 600 EB-5 projects, said. \u201cThe parents will apply for the green card for the family. They\u2019ll send over their college-age children and purchase a condo for them to live in.\u201d\u00a0<\/p>\n<p>The program has been around since 1990 \u2014 yet experts predict a last-minute scramble driven by the demand for legal immigration. It\u2019s unknown if it will be renewed, especially as the Trump administration pushes its golden visa program through. The golden visa, with a starting price tag of $1 million, is more expensive and the visa-seeker does not get any of that money back.\u00a0<\/p>\n<blockquote id=\"testimonial-block_0b71a4c92d09f8847a11ddc58409a163\" class=\"acf-blockquote blockquote\">\n<p>\n\t<span class=\"acf-blockquote__text\">\u201cA lot of foreigners want to get in before it\u2019s too late. There\u2019s a premium on legal immigration.\u201d <\/span><br \/><span class=\"acf-blockquote__author\">Attorney Ronnie Fieldstone <\/span>\n\t<\/p>\n<\/blockquote>\n<p>Developers and investors are keeping a close eye on two deadlines: grandfathered provisions expiring at the end of September 2026 and the expiration of the regional center program a year later in 2027.\u00a0<\/p>\n<p>Despite the Trump administration\u2019s crackdown on immigration through mass deportations and aggressive ICE raids, the U.S. is \u201cstill the country of choice\u201d for immigrants, said attorney Ronnie Fieldstone, a partner at Saul Ewing.<\/p>\n<p>Fieldstone, who has represented developers and regional centers involved in more than 450 EB-5 projects that have raised more than $8 billion, said that after September 30, 2027, the investment amount will increase based on cost of living.\u00a0<\/p>\n<p>\u201cA lot of foreigners want to get in before it\u2019s too late,\u201d Fieldstone said. \u201cThere\u2019s a premium on legal immigration.\u201d\u00a0<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<p><span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav>\n<ul class='ez-toc-list ez-toc-list-level-1 ' >\n<li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.brickellsold.com\/blog\/eb-5-visa-program-helping-fund-south-florida-development\/#The_payoff\" >The payoff\u00a0<\/a><\/li>\n<li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.brickellsold.com\/blog\/eb-5-visa-program-helping-fund-south-florida-development\/#Flip_side\" >Flip side<\/a><\/li>\n<\/ul>\n<\/nav>\n<\/div>\n<h3 class=\"wp-block-heading\" id=\"h-t-he-payoff-nbsp\"><span class=\"ez-toc-section\" id=\"The_payoff\"><\/span><span class=\"ez-toc-section\" id=\"The_payoff\"><\/span>T<strong>he payoff\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Developers like EB-5 because it\u2019s a cheaper-alternative financing, Fieldstone said. And many have been tapping into the program for years without disclosing it to the public, including the Four Seasons Residences at the Surf Club, a Fort Partners development in Surfside that was completed in 2017.\u00a0<\/p>\n<p>\u201cThe fact is most [developers] keep it under the radar,\u201d Fieldstone said. \u00a0<\/p>\n<p>Other projects that recently raised funds or are currently doing so via EB-5 include Fortune International Group\u2019s Ora by Casa Tua condo-hotel tower in Miami\u2019s Brickell, Fortune and Blue Road\u2019s Nexo Residences in North <a href=\"https:\/\/www.brickellsold.com\/blog\/miami-poised-for-potential-influx-of-wealth-as-high-net-worth-new-yorkers-evaluate-relocation-optionsmiamis-luxury-real-estate-sector-is-closely-observing-developments-in-new-york-city-parti\/\">Miami<\/a> Beach, SB Development Group and Hazelton Capital Group\u2019s Edgewater condo tower called Cove <a href=\"https:\/\/www.brickellsold.com\/blog\/miami-poised-for-potential-influx-of-wealth-as-high-net-worth-new-yorkers-evaluate-relocation-optionsmiamis-luxury-real-estate-sector-is-closely-observing-developments-in-new-york-city-parti\/\">Miami<\/a> and Okan Group\u2019s Okan Tower in downtown Miami. In Broward, SP Developments, Vertical Developments, WellDuo and GCF Development\u2019s Armani\/Casa Residences Pompano Beach; and Related Group, Tate Capital and Rok Enterprises\u2019s Bahia Mar are also tapping the EB-5 spigot.\u00a0<\/p>\n<p>Most, if not all, of these developments have hospitality components, which makes it easier to fulfill EB-5\u2019s job-creation requirements.\u00a0<\/p>\n<blockquote id=\"testimonial-block_e9344348bb5d60a88274b255907913d1\" class=\"acf-blockquote blockquote\">\n<p>\n\t<span class=\"acf-blockquote__text\">\u201cEventually [the program] will go away. There seems to be this urgency, especially with what\u2019s happening in the world with immigration.\u201d <\/span><br \/><span class=\"acf-blockquote__author\">Michael Sadov<\/span>\n\t<\/p>\n<\/blockquote>\n<p>Michael Sadov, sales director at the 70-story Okan Tower condo and hotel project under construction, agreed, calling it \u201cfree money for the developers.\u201d Okan announced in August that it was eligible to receive EB-5 funds and plans to release 30 investor slots at a time.\u00a0<\/p>\n<p>\u201cEventually [the program] will go away,\u201d Sadov said. \u201cThere seems to be this urgency, especially with what\u2019s happening in the world with immigration.\u201d\u00a0<\/p>\n<p>Sadov said the developer, who is Turkish, is working with a dozen potential investors from Colombia, Mexico and Turkey. (The developer is Turkish.) Colombians have been the biggest buyer pool among foreign buyers in South Florida in recent years, but it\u2019s become harder for them to come. Trump, who has been feuding with Colombian president Gustavo Petro, recently threatened to raise tariffs on Colombia and stop all payments to the country.\u00a0<\/p>\n<p>Compass agent Mike Martirena expects to see more foreign buyers from countries like Colombia invest in EB-5 projects. His team has brokered deals to Colombian and Brazilian investors at Alta Development\u2019s River District 14, a condo development in the Miami River neighborhood.\u00a0<\/p>\n<p>\u201cThis is a smart way to get money out of the country,\u201d Martirena said.\u00a0<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-f-lip-side\"><span class=\"ez-toc-section\" id=\"Flip_side\"><\/span><span class=\"ez-toc-section\" id=\"Flip_side\"><\/span>F<strong>lip side<\/strong><span class=\"ez-toc-section-end\"><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>EB-5 isn\u2019t for everyone.\u00a0<\/p>\n<p>Only 10,000 visas are available per year. The upfront cost of becoming an EB-5 designated project can deter investors, according to Fieldstone.\u00a0<\/p>\n<p>\u201cThere\u2019s no guarantee they\u2019ll raise the money,\u201d he said.\u00a0<\/p>\n<p>Jones also explained that it\u2019s more complicated than traditional bank lending. \u00a0<\/p>\n<p>\u201cWith that comes a lot of reporting and assurances that a developer not using EB-5 wouldn\u2019t have to do,\u201d she said. \u201cThey would need to have someone on their team that could track how many investors came in, how many jobs were created that can be allocated to each investor and making sure that the EB-5 money is never commingled with other operating funds. These are things that they wouldn\u2019t face in other types of finance. They have to be very patient.\u201d\u00a0<\/p>\n<p>Whether a developer raises EB-5 funds directly or uses a regional center will affect the timeline.\u00a0<\/p>\n<p>Investors are also vulnerable to their own set of issues. How long it takes investors to receive their green cards depends on where they hail from. Mainland China and India have waiting lists that are years long, but the processing time for investors from other countries can be as quick as a few months to secure conditional residency, and two years before it becomes permanent, Jones said.\u00a0<\/p>\n<p>Investors have also fallen victim to fraud and stalled projects.\u00a0<\/p>\n<p>Developer Dan Kodsi\u2019s Legacy Hotel &amp; Residences project at Miami Worldcenter has been on hold for well over a year. Kodsi raised money via EB-5 for the planned 50-story condo-hotel tower, just as he did with Paramount Miami Worldcenter. But Legacy is tied up in a messy foreclosure lawsuit, and construction stalled last year \u2014 exactly when the project was supposed to be completed.\u00a0<\/p>\n<p>Up and down South Florida\u2019s coastline, investors have also sued the developers of a handful of projects over alleged mismanagement or misappropriation of funds. In 2023, Chinese nationals sued the ex-developer of the former U.S. immigration building site in Miami\u2019s Upper Eastside, alleging the misappropriation of more than $50 million in investor funds.\u00a0<\/p>\n<p>Much of the opportunity for fraud was eliminated with the EB-5 Reform and Integrity Act of 2022, experts say. \u00a0<\/p>\n<p>\u201cThe worst thing [that can happen],\u201d Fieldstone said, \u201cis they lose their money and don\u2019t get a green card.\u201d <\/p>\n<\/div>\n<p><script id=\"__NEXT_DATA__\" type=\"application\/json\">{\"props\":{\"pageProps\":{\"hamburgerMenu\":[{\"url\":null,\"label\":\"News\",\"external\":false,\"childItems\":{\"nodes\":[{\"label\":\"All Markets\",\"url\":\"\/latest\/\",\"external\":false,\"childItems\":{\"nodes\":[{\"label\":\"San Francisco\",\"url\":\"\/san-francisco\/\",\"external\":false,\"__typename\":\"MenuItem\"},{\"label\":\"New 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var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background: var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size: var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size: var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size: var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size: var(--wp--preset--font-size--x-large) !important;}\",\"type\":\"list\",\"__typename\":\"StyleItem\"}],\"post\":{\"id\":\"cG9zdDo5OTc2NTI=\",\"databaseId\":997652,\"title\":\"Time is running for South Florida developers to cash in on EB-5\",\"status\":\"publish\",\"slug\":\"free-money\",\"uri\":\"\/magazine\/november-2025\/free-money\/\",\"link\":\"https:\/\/therealdeal.com\/magazine\/november-2025\/free-money\/\",\"dateGmt\":\"2025-11-03T12:00:00\",\"contentTypeName\":\"magazine\",\"contentFiltered\":\"u003cpu003eSouth Florida developers are increasingly looking to EB-5 funding to fill gaps in their capital stacks, as u003ca href=\"\/magazine\/september-2025\/in-miamis-condo-market-the-pitch-to-foreign-buyers-picks-up\/\"u003eforeign investorsu003c\/au003e rush to participate before the program expires. u0026nbsp;u003c\/pu003enu003cpu003eThe visa program, which provides green cards to investors and their immediate families whose funds lead to the creation of 10 full-time jobs for U.S. workers, has a minimum threshold of $800,000 for investment in rural areas or areas with high unemployment. That goes up to $1.05 million for projects outside of Targeted Employment Areas.u0026nbsp;u003c\/pu003enu003cpu003eEB-5 financing typically accounts for between 20 and 30 percent of a project\u2019s capital stack, replacing preferred equity. The funds are a loan, so if it all goes according to plan and the project is completed, it\u2019s a win-win for investors and developers.u0026nbsp;u003c\/pu003enu003cpu003e\u201cWhen we look at the people from Latin America coming in [to the U.S.], most of them are coming to get an education for their children, and sometimes the parents don\u2019t even come over,\u201d attorney Jill Jones, who has been involved in more than 600 EB-5 projects, said. \u201cThe parents will apply for the green card for the family. They\u2019ll send over their college-age children and purchase a condo for them to live in.\u201du0026nbsp;u003c\/pu003enu003cpu003eThe program has been around since 1990 \u2014 yet experts predict a last-minute scramble driven by the demand for legal immigration. It\u2019s unknown if it will be renewed, especially as the Trump administration pushes its u003ca href=\"\/national\/2025\/02\/27\/nobody-saw-this-coming-trumps-plans-to-kill-eb-5-shocks-industry\/\"u003egolden visa programu003c\/au003e through. The golden visa, with a starting price tag of $1 million, is more expensive and the visa-seeker does not get any of that money back.u0026nbsp;u003c\/pu003enu003cblockquote id=\"testimonial-block_0b71a4c92d09f8847a11ddc58409a163\" class=\"acf-blockquote blockquote\"u003eu003cpu003entu003cspan class=\"acf-blockquote__text\"u003e\u201cA lot of foreigners want to get in before it\u2019s too late. There\u2019s a premium on legal immigration.\u201d u003c\/spanu003eu003cbr \/u003entttu003cspan class=\"acf-blockquote__author\"u003eAttorney Ronnie Fieldstone u003c\/spanu003entu003c\/pu003eu003c\/blockquoteu003enu003cpu003eDevelopers and investors are keeping a close eye on two deadlines: grandfathered provisions expiring at the end of September 2026 and the expiration of the regional center program a year later in 2027.u0026nbsp;u003c\/pu003enu003cpu003eDespite the Trump administration\u2019s u003ca href=\"\/national\/2025\/01\/30\/builders-contractors-brace-for-impact-from-trump-tariffs-deportations\/\"u003ecrackdownu003c\/au003e on immigration through mass deportations and aggressive ICE raids, the U.S. is \u201cstill the country of choice\u201d for immigrants, said attorney Ronnie Fieldstone, a partner at Saul Ewing.u003c\/pu003enu003cpu003eFieldstone, who has represented developers and regional centers involved in more than 450 EB-5 projects that have raised more than $8 billion, said that after September 30, 2027, the investment amount will increase based on cost of living.u0026nbsp;u003c\/pu003enu003cpu003e\u201cA lot of foreigners want to get in before it\u2019s too late,\u201d Fieldstone said. \u201cThere\u2019s a premium on legal immigration.\u201du0026nbsp;u003c\/pu003enu003ch3 class=\"wp-block-heading\" id=\"h-t-he-payoff-nbsp\"u003eTu003cstrongu003ehe payoffu0026nbsp;u003c\/strongu003eu003c\/h3u003enu003cpu003eDevelopers like EB-5 because it\u2019s a cheaper-alternative financing, Fieldstone said. And many have been tapping into the program for years without disclosing it to the public, including the Four Seasons Residences at the Surf Club, a u003ca href=\"\/miami\/2025\/07\/22\/fort-partners-drops-25m-on-seaway-surfside-condo\/\"u003eFort Partnersu003c\/au003e development in Surfside that was completed in 2017.u0026nbsp;u003c\/pu003enu003cpu003e\u201cThe fact is most [developers] keep it under the radar,\u201d Fieldstone said. u0026nbsp;u003c\/pu003enu003cpu003eOther projects that recently raised funds or are currently doing so via EB-5 include Fortune International Group\u2019s Ora by Casa Tua condo-hotel tower in Miami\u2019s Brickell, Fortune and Blue Road\u2019s Nexo Residences in North Miami Beach, SB Development Group and Hazelton Capital Group\u2019s Edgewater condo tower called Cove Miami and Okan Group\u2019s Okan Tower in downtown Miami. In Broward, SP Developments, Vertical Developments, WellDuo and GCF Development\u2019s Armani\/Casa Residences Pompano Beach; and Related Group, Tate Capital and Rok Enterprises\u2019s Bahia Mar are also tapping the EB-5 spigot.\u00a0u003c\/pu003enu003cpu003eMost, if not all, of these developments have hospitality components, which makes it easier to fulfill EB-5\u2019s job-creation requirements.u0026nbsp;u003c\/pu003enu003cblockquote id=\"testimonial-block_e9344348bb5d60a88274b255907913d1\" class=\"acf-blockquote blockquote\"u003eu003cpu003entu003cspan class=\"acf-blockquote__text\"u003e\u201cEventually [the program] will go away. There seems to be this urgency, especially with what\u2019s happening in the world with immigration.\u201d u003c\/spanu003eu003cbr \/u003entttu003cspan class=\"acf-blockquote__author\"u003eMichael Sadovu003c\/spanu003entu003c\/pu003eu003c\/blockquoteu003enu003cpu003eMichael Sadov, sales director at the 70-story Okan Tower condo and hotel project under construction, agreed, calling it \u201cfree money for the developers.\u201d Okan u003ca href=\"\/miami\/2025\/08\/27\/okan-group-seeks-eb-5-investors-for-miami-condo-hotel-tower\/\"u003eannounced in Augustu003c\/au003e that it was eligible to receive EB-5 funds and plans to release 30 investor slots at a time.u0026nbsp;u003c\/pu003enu003cpu003e\u201cEventually [the program] will go away,\u201d Sadov said. \u201cThere seems to be this urgency, especially with what\u2019s happening in the world with immigration.\u201du0026nbsp;u003c\/pu003enu003cpu003eSadov said the developer, who is Turkish, is working with a dozen potential investors from Colombia, Mexico and Turkey. (The developer is Turkish.) Colombians have been the biggest buyer pool among u003ca href=\"\/miami\/2025\/08\/03\/foreign-buyers-still-prevalent-in-miamis-new-condo-market\/?tpcc=sprout_generalu0026amp;utm_campaign=sprout_generalu0026amp;utm_content=1754345538u0026amp;utm_medium=The+Real+Dealu0026amp;utm_source=facebook,linkedin\"u003eforeign buyersu003c\/au003e in South Florida in recent years, but it\u2019s become harder for them to come. Trump, who has been feuding with Colombian president Gustavo Petro, recently threatened to raise tariffs on Colombia and stop all payments to the country.u0026nbsp;u003c\/pu003enu003cpu003eCompass agent Mike Martirena expects to see more foreign buyers from countries like Colombia invest in EB-5 projects. His team has brokered deals to Colombian and Brazilian investors at Alta Development\u2019s River District 14, a condo development in the Miami River neighborhood.u0026nbsp;u003c\/pu003enu003cpu003e\u201cThis is a smart way to get money out of the country,\u201d Martirena said.u0026nbsp;u003c\/pu003enu003ch3 class=\"wp-block-heading\" id=\"h-f-lip-side\"u003eFu003cstrongu003elip sideu003c\/strongu003eu003c\/h3u003enu003cpu003eEB-5 isn\u2019t for everyone.u0026nbsp;u003c\/pu003enu003cpu003eOnly 10,000 visas are available per year. The upfront cost of becoming an EB-5 designated project can deter investors, according to Fieldstone.u0026nbsp;u003c\/pu003enu003cpu003e\u201cThere\u2019s no guarantee they\u2019ll raise the money,\u201d he said.u0026nbsp;u003c\/pu003enu003cpu003eJones also explained that it\u2019s more complicated than traditional bank lending. u0026nbsp;u003c\/pu003enu003cpu003e\u201cWith that comes a lot of reporting and assurances that a developer not using EB-5 wouldn\u2019t have to do,\u201d she said. \u201cThey would need to have someone on their team that could track how many investors came in, how many jobs were created that can be allocated to each investor and making sure that the EB-5 money is never commingled with other operating funds. These are things that they wouldn\u2019t face in other types of finance. They have to be very patient.\u201du0026nbsp;u003c\/pu003enu003cpu003eWhether a developer raises EB-5 funds directly or uses a regional center will affect the timeline.u0026nbsp;u003c\/pu003enu003cpu003eInvestors are also vulnerable to their own set of issues. How long it takes investors to receive their green cards depends on where they hail from. Mainland China and India have waiting lists that are years long, but the processing time for investors from other countries can be as quick as a few months to secure conditional residency, and two years before it becomes permanent, Jones said.u0026nbsp;u003c\/pu003enu003cpu003eInvestors have also fallen victim to fraud and stalled projects.u0026nbsp;u003c\/pu003enu003cpu003eDeveloper Dan Kodsi\u2019s Legacy Hotel u0026amp; Residences project at Miami Worldcenter has been on hold for well over a year. Kodsi raised money via EB-5 for the planned 50-story condo-hotel tower, just as he did with Paramount Miami Worldcenter. But Legacy is tied up in a messy foreclosure lawsuit, and construction stalled last year \u2014 exactly when the project was supposed to be completed.u0026nbsp;u003c\/pu003enu003cpu003eUp and down South Florida\u2019s coastline, investors have also sued the developers of a handful of projects over alleged mismanagement or misappropriation of funds. In 2023, Chinese nationals sued the ex-developer of the former U.S. immigration building site in Miami\u2019s Upper Eastside, alleging the misappropriation of more than $50 million in investor funds.u0026nbsp;u003c\/pu003enu003cpu003eMuch of the opportunity for fraud was eliminated with the EB-5 Reform and Integrity Act of 2022, experts say. u0026nbsp;u003c\/pu003enu003cpu003e\u201cThe worst thing [that can happen],\u201d Fieldstone said, \u201cis they lose their money and don\u2019t get a green card.\u201d u003c\/pu003en\",\"noAds\":false,\"alternativeHeadline\":{\"subheadline\":\"For the moment, program still helps capitalize region's projects\",\"__typename\":\"AlternativeHeadline\"},\"updatedPost\":{\"updated\":false,\"date\":\"2025-11-03T14:18:00+00:00\",\"__typename\":\"UpdatedPost\"},\"aiSummary\":{\"summary\":null,\"reviewed\":false,\"disabled\":false,\"autoGenerate\":false,\"__typename\":\"AISummary\"},\"audioArticleSettings\":{\"audioUrl\":\"https:\/\/eleven-public-cdn.elevenlabs.io\/audio-native\/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac\/fEwRmmxas0QlZQyDz9Wi\/fEwRmmxas0QlZQyDz9Wi.mp3\",\"__typename\":\"AudioArticleSettings\"},\"mainArt\":{\"mediaType\":\"image\",\"image\":{\"node\":{\"sourceUrl\":\"\/wp-content\/uploads\/2025\/11\/EB-5-Program-1400x933.jpg\",\"srcSet\":\"\/wp-content\/uploads\/2025\/11\/EB-5-Program-1400x933.jpg 1400w, \/wp-content\/uploads\/2025\/11\/EB-5-Program-300x200.jpg 300w, \/wp-content\/uploads\/2025\/11\/EB-5-Program-700x467.jpg 700w, \/wp-content\/uploads\/2025\/11\/EB-5-Program-200x133.jpg 200w, \/wp-content\/uploads\/2025\/11\/EB-5-Program-768x512.jpg 768w, \/wp-content\/uploads\/2025\/11\/EB-5-Program-1024x683.jpg 1024w, \/wp-content\/uploads\/2025\/11\/EB-5-Program-50x33.jpg 50w, \/wp-content\/uploads\/2025\/11\/EB-5-Program.jpg 1500w\",\"sizes\":\"(max-width: 1400px) 100vw, 1400px\",\"caption\":\"u003cpu003eClockwise from left: A rendering of Fortune International Group\u2019s Ora by Casa Tua in North Miami Bu0026#8230;u003c\/pu003en\",\"altText\":\"\",\"__typename\":\"MediaItem\"},\"__typename\":\"AcfMediaItemConnectionEdge\"},\"video\":null,\"caption\":\"Clockwise from left: A rendering of Fortune International Group\u2019s Ora by Casa Tua in North Miami Beach, Fortune and Blue Road\u2019s Nexo Residences in Brickell and Four Seasons Residences at the Surf Club in Surfside (Photo-illustration by Steven Dilakian\/The Real Deal; 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The visa program, which provides green cards to investors and their immediate families whose funds lead to the creation of 10 full-time jobs for U.S. workers, has a minimum threshold of $800,000 for investment in rural areas or areas with high unemployment. That goes up to $1.05 million for projects outside of Targeted Employment Areas.u0026nbsp; EB-5 financing typically accounts for between 20 and 30 percent of a project\u2019s capital stack, replacing preferred equity. [u0026hellip;]\" \/u003enu003cmeta name=\"twitter:site\" content=\"@trdny\" \/u003enu003cmeta name=\"twitter:label1\" content=\"Est. reading time\" \/u003entu003cmeta name=\"twitter:data1\" content=\"6 minutes\" \/u003enu003cscript type=\"application\/ld+json\" class=\"yoast-schema-graph\"u003e{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/therealdeal.com\/magazine\/november-2025\/free-money\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/therealdeal.com\/magazine\/november-2025\/free-money\/\"},\"author\":[{\"@type\":\"Person\",\"@id\":\"https:\/\/therealdeal.com\/#\/schema\/person\/2ec87f8cf2214bd77d8b7913c476cf43\",\"name\":\"Katherine Kallergis\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c2c25fd6c44919923b90a57ca205e61f043ea5fe246acf98f17af994b2103337?s=96u0026#038;d=mmu0026#038;r=g\"},\"description\":\"Katherine Kallergis is residential bureau chief and a senior reporter at The Real Deal. Katherine, who has won awards from NAREE and the Society of Professional Journalists, reports on the South Florida market, with a focus on residential real estate and new development. She also works with reporters across TRD\u2019s markets covering the resi beat, and writes The Weekly Dirt newsletter. Katherine was born and raised in Miami, and graduated from the University of Florida in 2014 with her B.S. in Journalism and joined TRD later that year.\\r\\nYou can reach her at (305) 342-5832 or kk@therealdeal.com.\",\"sameAs\":[\"https:\/\/x.com\/kkallergis\"],\"url\":\"https:\/\/therealdeal.com\/author\/katherine-kallergis\/\"}],\"headline\":\"Time is running for South Florida developers to cash in on EB-5\",\"datePublished\":\"2025-11-03T12:00:00+00:00\",\"dateModified\":\"2025-11-03T14:18:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/therealdeal.com\/magazine\/november-2025\/free-money\/\"},\"wordCount\":1177,\"publisher\":{\"@id\":\"https:\/\/therealdeal.com\/#organization\"},\"image\":[{\"@type\":\"ImageObject\",\"url\":\"https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/EB-5-Program-300x200.jpg\",\"width\":300,\"height\":200,\"contentUrl\":\"https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/EB-5-Program-300x200.jpg\",\"caption\":\"Clockwise 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src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Miami_market_relevance\"><\/span>Miami market relevance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If this topic impacts buyers or sellers, the most useful context is what is happening locally. Track current pricing, inventory, and days on market in Miami, and compare active listings by building or neighborhood before making decisions.<\/p>\n<p><a href=\"https:\/\/www.brickellsold.com\/brickell-miami-fl-real-estate\">Browse current Miami listings<\/a> or <a href=\"https:\/\/brickellsold.com\/en\/tools\/book-call\">request a tailored report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EB-5 Visa Program Helping Fund South Florida Development: South Florida developers are increasingly looking to EB-5 funding to fill gaps in their capital stacks<\/p>\n","protected":false},"author":1,"featured_media":1360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"EB-5 Visa Program Helping Fund South Florida Development | Brickellsold","rank_math_description":"South Florida developers are increasingly looking to EB-5 funding to fill gaps in their capital stacks, as foreign investors rush to participate before the prog","rank_math_focus_keyword":"EB5 Visa Program Helping","rank_math_canonical_url":"https:\/\/www.brickellsold.com\/blog\/eb-5-visa-program-helping-fund-south-florida-development\/","rank_math_robots":"index,follow","footnotes":""},"categories":[1720],"tags":[],"class_list":["post-1359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brickell-real-estate-market"],"_links":{"self":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/1359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/comments?post=1359"}],"version-history":[{"count":3,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/1359\/revisions"}],"predecessor-version":[{"id":4313,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/1359\/revisions\/4313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/media\/1360"}],"wp:attachment":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/media?parent=1359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/categories?post=1359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/tags?post=1359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}