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EB-5 Business Plans & Capital Funding Proposals...

Rainmaker Underwriting prepares EB-5 business plans, commercial real estate capital funding proposals, private  placement offering memoranda drafts and a host of supporting due diligence documents for new construction commercial income-producing projects and programs throughout North America and the Caribbean Basin.  Rainmaker Underwriting has decades of operating experience and we have completed literally hundreds upon hundreds of assignments and EB-5 business plans are part of our routine tasking.

EB-5 compliant business plans require specific elements to be completed in order to be acceptable to the USCIS for the purposes of approving the initial petition of a foreign investor seeking permanent resident status under the Immigrant Investor Program (known as "EB-5").  This approval is the key to the release of funds the business developer will utilize in the new enterprise that is being sponsored for development and no investor is going to allow the funds to be released or hypothecated prior to the receipt of the approval.  Our area of specialization pertains to commercial income-producing property development, as these projects tend to create the most jobs and jobs creation is an important element of the program, but we support all commercial enterprises that are for-profit enterprises for this particular program (program only allows investment into for-profit ventures). 

If you are considering using this program to augment or supplant the equity capitalization your project requires, then you need to know a few things before you start down this road:

The EB-5 initial review process requires at least 90 days, so there will be additional carrying costs for your project owing to however long it takes the government to complete the initial review of the immigrant's initial application.

The EB-5 initial review requires the production of a "credible business plan" and that must include (among other important requirements, so a full and professional EB-5 business plan is an important key to success), materially-significant due diligence documentation support to provide for the following materially-significant disclosures: (1) a complete market feasibility study for your project; and (2) a complete financial feasibility study's or pro forma financial presentation's main FASB schedule; and (3) documentation of the jobs to be created utilizing an accepted methodology; and (4) the disclosure of the material participation in the management of the enterprise by the immigrant applicant; and (5) evidence of the capital investment; and (6) demonstration of the type of impact this enterprise will have on the surrounding community; and (7) supporting contracts documenting the validity of the transaction.  A simple 4-page plan is going to be automatically rejected.  These plans require the touch of an experienced plan builder and a template plan is not going to suffice.  USCIS really focuses on the need for the plan to be credible in every respect, so if you don't know exactly what you are doing, you could get it wrong and further delay your project and/or blow out the foreign investor and have to start from scratch.

There will be significant legal costs entailed to go down this route.  You will need to adjust your pre-construction phase and construction phase capital budgets, accordingly.

This capital is probably not going to be available to the developer before the construction phase activities are underway.  This means mezzanine financing will likely be required to bridge the gap and thereby induce the construction mortgage loan lender to close their financing so that the project's construction may proceed.

There are other matters that need to be understood and the immigrant (or sponsor) who undertakes this process without full knowledge is going to be facing serious potential pitfalls that could derail the process.  Having to start over could mean a real change in the proposed transaction or the end of it if time is about to expire on the developer's site control agreement or other supporting contracts that may be time sensitive in nature.

Rainmaker provides expert assistance and supports the following project types:

Senior housing (our area of specialized expertise and an excellent job creator and probably the strongest apples-to-apples economic performer).

Retail (limited job creation, so caution is advised).

Mixed-use (may have limited job creation impact, so caution is advised).

Hospitality (hotels and motels may be able to qualify for participation, please check with us).

Multifamily housing (limited job creation, so caution is advised).

Health care (good job creation prospects in most circumstances).

Talk to one of our consultants today and get all of the facts about what can be done to get you the right plan for the right project.  We offer a full array of customized consulting solutions to support all of your due diligence and capital financing needs.

Why do projects fail to get funding approved?

Rainmaker has had extensive discussions through the years with clients who are seeking funding for their commercial income-producing property development and construction program, but have, so far failed to do so.  Rainmaker has also had extensive discussions with intermediaries, investment bankers, lenders, investors and underwriters to get their side of the story.  The interesting thing is that the same five (5) things seem to come up again and again that end up leading to a total failure.  Are you destined to fail?  Can you afford to take the risk of blowing out even a single funding source, knowing that source could be the one source you needed to succeed?  What can you do to avoid these terrible mistakes that always lead to a rejection?  Click here and learn more.

Rainmaker Underwriting, LLC can trace its history back all the way to 1989.  Incorporated in 1993, Rainmaker Marketing Corporation evolved over time into a full-service business to business consulting firm.  Rainmaker Marketing Corporation’s initial specialization was in issues and documentation needs corresponding to the capital funding cycle for commercial real estate development projects.  Our primary focus has always been senior housing and health care related properties with over 400 assignments completed in some 45 states.  Today, Rainmaker Underwriting, LLC serves all types of commercial income-producing property development program financing requests with a combination of feasibility studies, due diligence services, structured finance consulting and a focus on outsourced commercial underwriting review services.  Rainmaker Underwriting, LLC’s service area includes all of the continental United States, Canada, Mexico and the Caribbean Basin.


Email: clinton.lovell@gmail.com

Project Feasibility Studies, Commercial Real Estate Development Finance Consulting, Outsourced Underwriting Services, Due Diligence Documentation Services & Project Management Consulting

16215 Friar Circle, Spring, Texas 77379.

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