Phuong Le is a Partner with David Hirson & Partners, LLP’s dedicated EB-5 practice group. He draws upon an extensive background advising parties on all sides of EB-5 transactions, including Regional Centers, project developers, agents, and investors. Prior to joining the firm, he was in-house counsel for a large Southern California EB-5 Regional Center and real estate developer. There, he managed over $500 million in EB-5 financing and guided the company to several milestones, including approvals for their first 100 I-829 petitions.
His clients span the entire industry. He has successfully advised Regional Centers and businesses across the U.S. on over $2 billion in EB-5 deals, including commercial real estate developments, multifamily apartment buildings, hotels, medical office buildings, and restaurant franchises.
He works closely with businesses throughout the EB-5 financing process, including structuring debt/equity EB-5 offerings as part of a diversified capital stack, and coordinating complex review and structuring with securities attorneys, economists, business plan writers, and escrow banks.
He regularly consults businesses on forming and managing their own Regional Centers, including filing annual I-924A compliance reports and creating I-526 and I-829 templates to ensure Regional Centers and investors have consistent work product, including peer review of other attorneys’ EB-5 filings. He also lectures and trains other attorneys, migration agents, and professionals on EB-5 project structure and due diligence.
He also oversees the firm’s Vietnamese practice group and hosts a weekly immigration TV special to serve the Vietnamese community in Orange County, CA. He regularly travels to Vietnam where he works closely with the firm’s business partners, agents, and investors. Finally, he also frequently shares his knowledge regarding project structuring, source of funds, and complex EB-5 matters with the industry as a lecturer, author, and as co-counsel/peer review for other EB-5 attorneys.
Past representative EB-5 financing matters include:
- I-526 exemplar approval for $50 million EB-5 offering for a 300+ unit apartment complex in Southern California
- $180 million in debt/equity EB-5 financing for 400,000 square foot mixed-use commercial real estate development in Orange County
- Direct EB-5 financing raises for fast-casual franchise restaurants