WINNERS LISTED ALPHABETICALLY
TOP CORPORATE ATTORNEYS
MICHAEL BAILKIN
AKERMAN
Michael Caretnay Bailkin is a real estate developer , lawyer , business entrepreneur and financial services provider . He has served in senior public sector positions for the State of New York and the City of New York . In the private sector he is both principal and a service provider for a range of real estate projects , particularly public-private partnership projects . Bailkin ’ s core practices are : economic development incentives , which include grant and low interest loan financing ; EB-5 financing ; social impact funding ; and zoning / land use . In his 50 years of practice , Bailkin and his team have been responsible for over $ 4 billion of incentives and a similar level of tax-exempt financing .
WHAT DO YOU THINK ABOUT THE EB-5 REFORM AND INTEGRITY ACT OF 2022 ?
The new bill needs to be supplemented by a number of clarifications , including the process and discretionary flexibility the USCIS has in determining TEAs . Overall , though , the bill will be a stimulus to a range of transactions and it will channel investment into areas that are truly impacted . A key issue is the infrastructure provisions which provide the benefits normally available only to TEA areas to any infrastructure project . This will provide a private capital component to an asset class that normally is primarily dependent on municipal bond or other government financing .
HOW ARE YOU HANDLING THE ISSUE OF REDEPLOYMENT ?
The primary objective of redeployment is to enable investors whose green card approvals have been delayed beyond the dates of repayment to continue to qualify , essentially by enabling or inducing developers to transfer that capital to other qualifying projects . The new bill is mixed as to making redeployment easier for developers . But the real issue is to make it as attractive ( and easy ) as possible to redeploy that capital . What is needed are a few refinements in the regulatory structure , and most important , specialized refinancing intermediaries that can work within that framework .
JONATHAN BLOCH
BROWNSTEIN
Jonathan Bloch guides real estate developers through the challenges of raising capital . From identifying development prospects to securing EB-5 and mezzanine financing to finding foreign investment opportunities , he is skilled at navigating complicated situations . Bloch also handles all aspects of the purchase and sale of high-end real estate transactions , including for ultra-high-net-worth individuals . With the utmost discretion , he provides diligent , solution-oriented counsel to ensure real estate transactions close smoothly . He represents buyers and sellers of some of the largest ultra-high-end residential properties across southern California .
time and energy went into finalizing the new five year extension and I am glad that we finally have something to work with and that we will be back in business soon .
HOW ARE YOU HANDLING THE ISSUE OF REDEPLOYMENT ?
Redeployment is a Regional Center issue , and my work is not focused on representing Regional Centers .
WHAT DO YOU THINK ABOUT THE EB-5 REFORM AND INTEGRITY ACT OF 2022 ?
The integrity measures that were addressed in the new bill were much needed and well defined in the Act . Significant
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