EagleBank Provides $50 Million Loan to EB5 USA Immigration LLC to Promote Foreign Investment in Real Estate

March 27, 2024

https://www.globenewswire.com/news-release/2024/03/27/2852977/11376/en/EagleBank-Provides-50-Million-Loan-to-EB5-USA-Immigration-LLC-to-Promote-Foreign-Investment-in-Real-Estate.html

BETHESDA, Md., March 27, 2024 (GLOBE NEWSWIRE) — EagleBank (NASDAQ:EGBN), one of the largest community banks in the Washington, D.C. area, today announced it has provided a $50,000,000.00 Guidance Line of Credit to EB5 USA Immigration LLC, an affiliate of EB5 Capital. This loan, which highlights EagleBank’s lending capacity in this specialized space, will supply pre-funding or bridging preferred equity in EB5 real estate projects.

Read more at globenewswire.com

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.