San Jose, CA, May 31, 2017– Golden Opportunity Regional Center selects NES Financial to provide its institutional quality EB-5 administration solution for the Regional Center’s latest project, Grover Beach Resort in Grover Beach, California.
Grover Beach Resort, a Public-Private Partnership between Pacifica Companies in coordination with the State of California Department of Parks and Recreation and the City of Grover Beach, is slated to be an ocean adjacent 144-room boutique hotel with a full-range of upscale-resort amenities. Development of the Project is being led by Pacifica Companies, a leading developer of hospitality properties across 22 states in the United States.
“As our third-party administrator, NES Financial is an important contributor to investor confidence,” said Emma Chen, Golden Opportunity Regional Center’s Project Manager of China Commerce. “A great example of this is their Investor Portal and the kind of financial information and transparency it provides our investors.”
“The demand for third-party administration as a best practice in EB-5 continues to increase, reflecting the overall trend in Private Equity,” said Reid Thomas, NES Financial Executive Vice President. “Our EB-5 administration solutions efficiently handle the complex capital, accounting, and process administration of an EB-5 project from start to finish, with the highest level of compliance, security, and transparency.”
Designed to help raise capital faster, reduce risk, and ensure success for issuers and investors, the comprehensive NES Financial EB-5 Administration Solution will provide industry-leading escrow administration for the Project’s $12.5 million EB-5 capital raise.
About NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back and middle office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, we offer industry-leading fund administration, loan servicing, specialized EB-5 administration, and 1031 tax deferred exchange services. Our unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 11 consecutive years of successful independent audits of our technology, processes, and financial controls. Today, NES Financial services over 190 funds, administers over $75B of 1031 transactions annually, and has worked with over 550 EB-5 projects. For more information, visit NES Financial.
About Golden Opportunity Regional Center
Golden Opportunity Regional Center (RCW1209050631) is an approved Regional Center created by Pacifica Companies to sponsor development projects in California. The regional center has a 100% I-526 approval track record.
Golden Opportunity Regional Center is completely owned by Pacifica Companies, a 39-year old US based real estate company with asset under management of over $3.5 billion.