Independent Review by Baker Tilly Verifies $64.3 Million in Repayments on EB5AN’s Past Kolter EB-5 Projects

Independent Accountants’ Report covers six Kolter-developed EB-5 projects, including five loans and investments repaid in full

NEW YORK, NY, UNITED STATES, September 21, 2026 /EINPresswire.com/ — EB5AN has engaged Baker Tilly, a leading global accounting and advisory firm, to perform agreed-upon procedures on the records supporting repayments on six past Kolter-developed EB-5 projects. Baker Tilly has issued an Independent Accountants’ Report to EB5AN Management and Consulting, LLC documenting the procedures performed and its findings—with no differences noted in any comparison.

The engagement supports EB5AN’s commitment to financial transparency by giving investors independent, third-party findings on the records supporting EB5AN’s historical repayments. Investors can request a copy of the report by scheduling a free consultation with EB5AN.

“EB-5 investors deserve clear documentation of the financial results behind a project’s track record. We engaged Baker Tilly to subject these past repayments to independent scrutiny and give investors access to the resulting report. Doing so demonstrates our unwavering commitment to transparency,” said Sam Silverman, managing partner of EB5AN.

The report covers five loans and investments repaid in full—representing $64.3 million in original capital—associated with the following projects and funds:

• VUE Sarasota — EB5AN VUE Sarasota Fund I, LP
• Mark Sarasota — EB5AN Mark Sarasota Fund VII, LP
• Saltaire St. Petersburg — EB5AN Bayfront St. Petersburg Fund X, LP
• Water Club North Palm Beach — EB5AN Water Club NPB Fund I, LP
• Twin Lakes Georgia — EB5AN Twin Lakes Georgia Fund XIII, LP

The sixth, ONE St. Petersburg, is also covered in the report. The majority of its loan was repaid early, and the remaining amount is expected to be repaid at maturity in early 2027. The report covers repayments received from July 23, 2015, through May 29, 2026.

The findings relate to repayments received by the named funds; distributions to individual investors follow the terms of each fund’s governing documents.

Increasing Transparency for EB5AN’s Investors

Baker Tilly’s procedures included comparing lender or investor names with executed agreements, comparing historical loan balances with corresponding income tax returns, and tracing repayment amounts and dates to bank statements received directly from third-party financial institutions. The accountant also inspected payoff documentation and compared applicable payments with the supporting records. No differences were noted in any of these comparisons.

Statements obtained directly from financial institutions give the accountant an external record against which to compare information supplied by management. The report sets out the procedures alongside the findings, allowing investors to see exactly how each repayment was verified.

Baker Tilly is a major accounting and advisory organization serving clients across all 50 states and more than 30 industry sectors. The U.S. firm is an independent member of Baker Tilly International, one of the world’s 10 largest accounting networks, with more than 750 offices across 147 territories, over 50,000 professionals, and $6.8 billion in worldwide revenue for 2025.

Its real estate practice works with developers, lenders, institutional investors, and private equity real estate funds. Agreed-upon procedures are among the firm’s accounting and assurance services.

The engagement was conducted under attestation standards established by the American Institute of Certified Public Accountants (AICPA), which require the accountant’s independence.

“A repayment history should be supported by records investors can evaluate,” said Mike Schoenfeld, managing partner of EB5AN. “Having an independent accountant review the underlying documentation gives investors another resource for their due diligence. We welcome EB-5 investors with more questions about our track record—and how our current EB-5 projects are designed to protect their invested funds.”

Founded in 2013, EB5AN is an EB-5 investment fund manager and regional center operator that has served more than 3,000 families from over 70 countries. Its track record spans more than 50 EB-5 investment funds and projects representing over $8 billion in total development value. Across its portfolio, more than 33,000 qualifying EB-5 jobs had been created as of May 2026.

EB5AN has secured 34 Form I-956F project approvals and maintained a 100% USCIS project approval rate since its founding. More than 850 of its investors have received Form I-526E approvals since 2022. As of May 2026, its investors also had a 100% approval rate on adjudicated I-829 petitions to remove the conditions on permanent residency.

Making independently reviewed repayment records available gives investors additional documentation to assess EB5AN’s financial performance and reinforces the company’s ongoing commitment to transparency.

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About the EB-5 Program

Created in 1990, the EB-5 Immigrant Investor Visa has long served as a gateway to the United States for foreign nationals, including those living abroad and those on nonimmigrant visas such as H-1B, L-1, or F-1. The program has generated billions in foreign direct investment and created hundreds of thousands of U.S. jobs over more than three decades.

About EB5AN

EB5AN is a nationally recognized EB-5 investment fund manager, regional center operator, and consultancy that has facilitated over $1 billion of investment through the EB-5 program. With a total development cost of more than $8 billion across its projects, EB5AN offers a portfolio of low-risk, high-quality investment offerings. The firm has served over 3,000 investors from 70+ countries.

Sam Silverman
EB5AN
+1 561-386-5356
email us here

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