Skip to main content

When can I draw EB-5 funds?

If there is no escrow account:

  • then the NCE release conditions depend on the project documents (PPM, EB-5 Loan Agreement if applicable, NCE and/or JCE operating agreement if applicable, etc.)

  • Assuming the draw request conditions are met in the project documents, then a draw request can be submitted on the PRXY portal.

If there is an escrow account:

  • first, the funds must be released from escrow via a signed Written Direction. The investor(s) documents must be uploaded to PRXY as part of this process.

  • once the funds are released from the escrow account to the NCE segregated account, the same draw conditions above apply

Did this answer your question?