Originally Posted by Fixuis (Post 10677518)

Invested in a upcoming hotel in sanjose, California. EB5 capital is firm name. Just filed 526 a month ago.

Originally Posted by dm2b (Post 10930343)

Hi Fixuis,



Can you share how long it took from the moment you made the investment deposit to the moment the I-526 was filed? Thanks in advance!

Originally Posted by dm2b (Post 10929746)

Hi eb51R,



Humrmrmr... I'm no expert either (much to the contrary), but it was pretty clear to me that, in projects where the investor put his/her money in a scroll account, if he/she gets no I-526, the investor can request his/her money back directly from the scroll company, it doesn't even have to involve the RC...



I did some research on the subject and from what I was able to find, they are exactly the same project (14575 innovation LP was the company formed to receive the investor funds and buy the real estate for the Riverside One project).



If I were you, I would talk to your immigration lawyer, not to the RC (as you stated, there are obvious conflicts of interest in anything they say to you in such a situation).



Of course, what's happening to Riverside One could happen to any EB-5 project, but this one seems to be specially "blighted"... if I could transfer to another project for zero cost, I would certainly do it, specially for another project in the RC "proper venue" (ie, Seattle in the case of AmLife).

I get the impression that AmLife's participation on the Riverside One project was basically "renting" their SoCal RC to the 14575 innovation LP folks, which are the ones really managing the project (and working the legal issues, specially the response to the untimely RFEs/NOIRs on the I-529s). But of course I can be wrong...

Originally Posted by Fixuis (Post 10930407)

Invested in mid feb, filed 526 in mid march.

Originally Posted by eb5s (Post 10936137)

What type of project did you invest? Similar to Riverside?

Originally Posted by eb52012 (Post 10936531)

Yes I am in riverside.

Originally Posted by Fixuis (Post 10936640)

First reply on this page.

Originally Posted by eb51R (Post 10929728)

Amlife earns interests on my investment over a year, so they should return my money, right?

Originally Posted by cranston (Post 10944169)

If the Limited Partnership earned any interest income on your money you share will be passed on to you. This should show in the monthly statements they send you. Amlife does not keep the interest income from clients monies for itself.

If your money has been used to pay constructions costs then there is no interest.

If your I526 is refused then as long as Amlife have acted professionally and honestly they have probably have no legal obligation to return your monies. USCIS have changed their interpretation of the law and this has negatively affected Amlife's business model. I'm sure Amlife are doing everything they can to get these I526s through.

Frustrating as this is, you entered into a high risk speculative investment. IMO be brave a stick with Amlife.

Originally Posted by cranston (Post 10944169)

If the Limited Partnership earned any interest income on your money you share will be passed on to you. This should show in the monthly statements they send you. Amlife does not keep the interest income from clients monies for itself.

If your money has been used to pay constructions costs then there is no interest.

If your I526 is refused then as long as Amlife have acted professionally and honestly they have probably have no legal obligation to return your monies. USCIS have changed their interpretation of the law and this has negatively affected Amlife's business model. I'm sure Amlife are doing everything they can to get these I526s through.

Frustrating as this is, you entered into a high risk speculative investment. IMO be brave a stick with Amlife.

Originally Posted by eb52012 (Post 10945299)

The agreement says that they will return money if the I 526 is rejected.