Scholar-in-Residence Gary Friedland offers his thoughts on EB-5 investment in Boston based on joint research with Professor Jeanne Calderon
— August 5, 2017
Excerpt from the Boston Globe -- "The annual interest rate on a loan funded through the visa program typically runs about 5 percent, say EB-5 financing experts, about half the rate charged by more traditional investment firms. On a five-year, $225 million loan, the difference could easily top $50 million. 'It’s the cheapest source of capital they can find,' Friedland said. 'The reason it’s cheaper is because the immigrant investors are making the loan strictly to qualify for a visa. They’re willing to accept a negligible return."