EB-5: A Source of Equity for Historic Rehab

Financing any type of real estate deal over the last couple of years has been difficult, to say the least. The EB-5 program was created by Section 610 of Public Law 102-395 on October 6, 1992. This was in accordance with a congressional mandate aimed at stimulating economic activity and job growth while allowing eligible aliens the opportunity to become lawful permanent residents. Repurposing Historic Buildings for Hotel Use: Balancing Modern Hotel Requirements with Historic Standards The hospitality industry thrives on three basic tenets: location, service and cost, and it has developed a full range of products to capture a diverse range of customers in which emphasis on these three factors fluctuates greatly. From budget to five-star, the hospitality industry tailors its product to capture the market. Within the country’s urban centers, the hospitality industry has embraced the repurposing of historic buildings as an attractive product for guests.