A program that was once described as the “crack cocaine of real estate financing” no longer seems to hold the same addiction for South Florida’s developers. In 2014 and 2015, Rodrigo Azpurua’s Riviera Point Development Group financed two projects entirely with capital raised from the EB-5 program, which gives foreign investors a green card in exchange for investing in job-creating U.S. projects. At the time, Azpurua described such investors as “happy campers.” Non-Chinese citizens could […]
source https://therealdeal.com/miami/2018/06/04/south-florida-is-coming-off-its-eb-5-addiction/#new_tab
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