It is the end of another year, and 2021 has not passed without challenges. Nearly two years into a global pandemic, we are still working our way to a “new normal.” Even with such challenges, we hope you and your family are happy and healthy and able to count many blessings.
This year, we have seen a longer lapse in the EB-5 via Regional Center program than has ever happened before. This situation is truly frustrating to our leadership, employees, and, most important, our clients. Please be assured that LCR senior executives are working hard with the EB-5 community and Congress to reform and reestablish the program. We are available to speak with our clients at any time and to clarify any questions you may have about this important matter.
We would like to take this opportunity to thank you for the trust you have placed in us. Our clients, partners, and employees are vital parts of our business, and we are proud of all the members of the LCR family. Strong partnerships make it possible to pass through storms like this one, and I could not be more pleased with our employees and partners who have been committed to the delivery of transparent services and strong investor relations.
We have been able to grow our business and expand our offerings with diversified funds that qualify for the Portugal Golden Visa as well as other investment funds in the US through LCR Wealth (our new Registered Investment Advisor business), new solutions for clients seeking access to US credit (through our affiliate company, International Investors Mortgage). We also expect to offer a new EB-5 Direct offering in January.
The coming year 2022 is shaping up to be a year of strong growth at LCR with the availability of these new offerings and the reauthorization of the EB-5 Regional Center program.
We sincerely appreciate your trust and confidence in LCR.
We wish you good health and look forward to working with you in the new year.
Sherman Baldwin, CEO, LCR Capital Partners