The Loan Committee™

With the regional center program set to expire in September 2015, the EB-5 industry has been given new life in the form of the American Entrepreneurship and Investment Act of 2015. The Act was introduced today by Congressmen Jared Polis (CO-02) and Mark Amodei (NV-02), and is a follow-up to last year’s bill of the same name. The bill would make the regional center program permanent and allow for continued job creation and a more reliable stream of foreign capital. read entire article…  Source:  EB5 Investors

A powerful tool for real estate developers is tax optimization. However, without a proper understanding of tax incentives, these benefits may not be utilized fully. Also, while tax incentives may be a catalyst for a development, there may still be capitalization issues faced by the developer who cannot wait for the tax incentives to come until after the completion of the project. The best solution for these problems may be through the monetization of tax credits prior to the start of the project.

Tax incentives that are able to be monetized effectively are the New Market Tax Credit, the Low Income Housing Tax Credit, and the Historic Rehabilitation Tax Credit, among others.  read entire article… Source: Metropolitan Capital Advisors.

Pompano Beach-based Stonegate Bank’s acquisition of Dania Beach-based Community Bank of Broward was completed last Thursday.  Shareholders of both companies approved the move in mid-December, following an August deal made by Stonegate to purchase Community Bank for $61.2 million. read entire article… Author: Nina Lincoff.  Source:  South Florida Business Journal

On December 18th from 9:00AM to 5:00PM, the CCIM East Coast District Chapter will hold their “Polishing the Pro III” workshop aka “Tools for Making More Money in Your Market”.  Gary Ralston, CCIM, SIOR, CPM, CRE, SLS, CDP, CRX , a senior CCIM instructor and a member of the Board of Directors of CCIM Institute and CCIM Technologies, Inc., is the course instructor.  The course will be held in West Palm Beach at 1 Harvard Circle and lunch is included.  The cost is $145.00 for CCIM members and $195.00 for non-members.  REGISTER HERE!