EB-5 LOAN APPLICATION
Apply now to determine if you’re eligible for New Course’s EB-5 Loan Program.
FREQUENTLY ASKED QUESTIONS
Which EB-5 Projects can I use the Loan for?
Please see our Open Projects.
What are the Interest Rates for the Loan?
Rates will be based of the Prime Rate and depend several factors, including how much you are borrowing.
Generally, the Interest Rate for the Loan will be as follows:
| Amount | Rate |
| $50,000 – $100,000 | Prime + 2% |
| $100,000 – $200,000 | Prime + 3% |
| $200,000 – $400,000 | Prime + 5% |
At closing, your rate will lock based on where the Prime Rate is and will be fixed over the term of the Loan.
How much are the closing costs?
Closing costs will equal 2% of the total amount
What is the Term of the Loan?
The Term will match what your EB-5 Project’s lock-up period is, including the ability to extend the Loan.
What will my monthly payments be?
The Loan is an interest-only loan, so you will be responsible for making monthly interest payments until your Loan comes due, at which point you will be responsible for paying off the outstanding principal balance.
Can I prepay the Loan?
Yes, you may prepay the Loan at any time without penalty.
How do I know if I am approved for the Loan?
Once you complete the Loan Application, we will process your Application and inform you of the results within 48 hours.
What additional documentation will you need?
We will provide a list of documentation needed to fund the Loan after you are approved.
What is the typical timeframe from Loan Approval to Funding?
We can fund the Loan within 15 days of Approval.
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