NoMad Ritz-Carlton secures $125M in EB-5 funds — but not from where you’d think

If Flag Luxury Group’s recent deal is any indication, EB-5 financing is alive and well — just so long as the investors aren’t Chinese nationals. Last week, the hotel and resi developer finalized a $125 million preferred equity investment using capital raised using the EB-5 investor visa program for its upcoming $500 million Ritz-Carlton hotel in NoMad. Flag’s founder, chairman and CEO Paul Kanavos declined to comment on questions on the structuring of the detail, […]

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