ECRC Overview:

East Coast Regional Center, LLC, ("ECRC") has been an approved EB-5 Regional Center by the USCIS since February 2016 and is reapproved by the USCIS under the newly enacted EB-5 Reauthorization and Integrity Act of 2022. As an approved Regional Center, ECRC is authorized to pursue a diversified portfolio of investment and development projects in the United States East Coast region by collecting, pooling and investing funds from immigrant entrepreneurs.

ECRC is authorized in sponsoring and promoting immigration-linked investment projects within the geographic territory including 12 counties in the State of New York and New Jersey: Bergen County, New Jersey; Hudson County, , New Jersey; Bronx County, New York, Kings County, New York; Nassau County, New York; New York County, New York; Orange County, New York; Queens County, New York; Richmond County, New York; Rockland County, New York; Suffolk County, New York; and Westchester County, New York.

ECRC is authorized to pursue a diversified portfolio of investment and development projects in one or more of the three categories: Outpatient Surgery Centers, Hotel and Lodging Construction and Non-Residential Real Estate Construction.

Characteristics of ECRC Investment Projects

All ECRC proposed projects have been professionally and thoroughly evaluated by ECRC professionals. Extensive due diligence is performed in order to minimize risk to the limited partners and to ensure a high degree of success possible for each project undertaken. Investing with ECRC, here are characteristics that you can expect to define our philosophy:

Invest in one of the most dynamic markets in the world: health care and real estate industries in New York City and East Coast Region of the United States
Focused on Investment Projects that meet the requirements for Reduced Minimum Investment Amount of $800,000, since all ECRC projects will be located in the TEA or Rural Area under the EB-5 Reform and Reauthorization Act of 2022
Loan Based Investment Structure – All ECRC investments will use the loan-based investment model including an identified party responsible for repaying the partnership and a defined exit strategy, via a specified loan maturity date. Unlike an equity investment, investors are not dependent upon “fair market value” to sell and receive a return of their investment.
Relatively low-risks because of partnering with the highly qualified borrower development team and/or extensive collateral in private investments.
Proven Approved Job Methodology –The critical element that determines EB-5 investor‘s success in obtaining the permanent EB-5 visa (green card) is the job creation element. It is important that the projects must be able to prove that ten new American qualifying jobs have been created by that EB-5 investor investment. ECRC works in team with the reputable economists, using only the proven approved job model, to verify the job creation forecast of each Borrower based on a detailed business plan specifying its employment needs. By pooling investments, ECRC is able to create a large overall investment fund that will be able go well above and beyond the required number of American jobs required by statute. Additionally, by law, ECRC as a federally designated EB-5 Regional Center benefits from being allowed to utilize both direct and indirect job creation to support the EB-5 investor’s requirement to create at least ten new American jobs.
Clearly Defined Exit Plan of Action – The loan duration in ECRC partnerships is usually five years from the time the final investor funds are allocated. Once all partnership loans are repaid by the borrower, the liquidation process initiates as investors vote to liquidate the partnership. As nothing is required to be sold, the investment does not suffer from market fluctuation. ECRC investment partnerships enjoy a specified date for investment maturity.
Financial transparency--financial records of the ECRC Partnership are available to our investors. All investors will be provided a secured log-in access to the partnership financials documents.
Management fees that are capped and easy to calculate, which ensures that day-to-day management expenses will not dilute the return-on-investment or affect the investor’s principal.

Our Team:

ECRC’s professional team is committed to providing exceptional service so that your immigration and investment goals can be achieved in a timely and seamless fashion. With its headquarter office located in Long Island Nassau County in the State of New York, ECRC works in concert with a team of professionals with in-depth knowledge of the latest immigration procedures and requirements related to the EB-5 Program. ECRC is well-positioned to provide comprehensive service to foreign investors in their investment endeavors and their pursuit of U.S. immigration status.

- Project Development Team
The Project Development Team professionals at ECRC conduct exhaustive research, analysis and due diligence in order to qualify a project as a potential immigration feasible investment. Using our investor-focused approach, our selection is based on multifaceted considerations including: the reputation of the business, its financial standing, history of management experience, vitality of its business model, and commitment to creating new jobs in Targeted Employment Areas within USCIS-approved industries.

- Using Only Proven Approved Job Creation Methodology
ECRC works in team with reputable economists, using only the proven approved job model, to verify the job creation forecast of each Borrower based on a detailed business plan specifying its employment needs. This information is then carefully reviewed and evaluated by the respective project team prior to its consideration as a qualified EB-5 investment project by ECRC. Throughout the life of the investment project, jobs are closely monitored by ECRC and this information is systematically reported to investors.

- Impeccable Client Service
Aimed at providing the best client services in the EB-5 industry, ECRC has a staff of professionals with in-depth knowledge of the latest immigration procedures and requirements related to the EB-5 Program. Services to investors include, but are not limited to, the following:

Preparation of project related evidentiary documentation for investor’s I-526E conditional green card applications.
Monitoring of the project as it relates to job creation.
Preparation of Semi-Annual Reports to the investors regarding the status of the investment project.
Preparation of annual reports to USCIS regarding projects and investor statistics.

ECRC Senior Management

John Ciccarone
John Ciccarone is the President of East Coast Regional Center and manages day to day ECRC’s operations as well as implementing policy and strategic initiatives of the regional center. John has worked in the Banking industry for over two decades, largely in the areas of technology program and project management. Working for Citibank (2010-2013), John worked as a project manager for the $500MM deployment of new banking center (branch) front end software to all US branches. Working for JPMorgan Chase bank, at its Wall Street office (1989-2009), John managed large scale Information Technology merger programs involving the now defunct Washington Mutual and Bear Stearns corporations during the financial crisis for 2008-2009. John’s projects were responsible for integrating over 10,000 Washington Mutual and Bear Stearns computer servers into the JPMorgan Chase technology support environment. Prior to that experience, John managed a firm wide risk management initiative.

John is a project leader, with an extensive history and expertise in project management, business development, and financial investment, which provide the knowledge and skill-sets required to provide management leadership to the ECRC’s daily operations.

Lilin M. Ciccarone,
Lilin Ciccarone serves as the Chief Compliance Officer of East Coast Regional Center, overseeing the leadership of ECRC’s legal and project development team in the structuring and formulation of legal documents for all partnerships within ECRC. Prior to her role at ECRC, Lilin spent over 25 years as the principal attorney at CMA Law Group in New York City, focusing exclusively on complex U.S. immigration law and commercial civil litigation. Throughout her career, she has represented thousands of individual, high-profile, and corporate clients worldwide, demonstrating extensive knowledge across all aspects of U.S. immigration law, particularly in EB-5 law practice. Lilin provides guidance to enterprises and investors on EB-5 matters and has acted as the designated immigration attorney for over two dozen approved EB-5 regional center projects, representing hundreds of foreign investors in obtaining approvals for EB-5 Immigrant Petitions.

Additionally, Lilin is the principal of JL International Realty Inc, a commercial real estate company specializing in transactions within the New York State commercial real estate market. Her multifaceted business and legal background, coupled with her hands-on, in-depth understanding of EB-5 immigration law practice, positions her as an ideal leader in ECRC’s corporate governance and strategic business development. Lilin is well-equipped to identify and cultivate viable, job-creating capital investment projects that align with the immigration needs of prospective immigrant foreign investors.

EB-5 Affiliated Team of Experts

Performance Economics (PE)
Performance Economics (PE) is the economic consulting firm that conducted the Job Impact report for the ECRC Projects. PE is a full-service economic consulting firm specializing in economic impact analysis for USCIS approval for an EB-5 Regional Center or EB-5 Project. Its partners are well-versed in the RIMS II and IMPLAN models favored by USCIS economists. Previously in their careers, some PE's partners worked at the Bureau of Economic Analysis estimating many of the underlying variables used to construct the RIMS II and IMPLAN models. They have a deep understanding of the theoretical building blocks of these models and are therefore well-positioned to apply them in the most effective manner.

NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back and middle office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, NEF offers industry-leading fund administration, loan servicing and specialized EB-5 administration. NES Financial is the Escrow Administrator of ECRC Project.

Surgicore ASC Group
Surgicore ASC Group stands as a distinguished operator specializing in professional ambulatory surgical centers (ASCs), with a primary focus on the strategic development of cutting-edge surgery facilities. Its mission involves revitalizing distressed surgical centers or spearheading the construction and development of new centers. Founded by a team of four visionary partners, Surgicore is supported by a seasoned team of professionals boasting over 25 years of collective experience in healthcare planning, project management, and development.

Capitalizing on a proven management team and a robust business model, Surgicore has not only successfully pioneered its establishment but also currently manages the operations of 10 FASCs across the dynamic New York, New Jersey Tri-State areas. In the ever-evolving landscape of healthcare, Surgicore ASC Group remains at the forefront, ensuring excellence and innovation in every aspect of its operations.