Granite has a specialized department for holding escrows and handles numerous EB-5 escrows with projects all over the country ranging in size from $7m to $100m +.
Our services include all services of an escrow agent such as setting up the escrow account for the project, preparing the escrow paperwork, receiving funds and releasing them in accordance with the instructions contained in the escrow agreement. As funds are received from investors, Granite issues receipts and confirmation of funds letters.
Granite has a 24 hour secure on-line portal where clients are able to track the funds in escrow. We prepare tailor made agreements for the specific needs of each project and as an independent escrow company, we are flexible with release conditions.
As a company, Granite has received certification for the Standards for Attestation Engagements No. 16 (SSAE 16) SOC 1 Type 2. This means that we have state of the art systems and operate at the highest level of organization and security. With the rigorous regulations mandated by the Consumer Financial Protection Bureau (CFPB), Granite is one of only a handful of escrow companies to have submitted and passed this specialized audit on all our internal controls over security, availability, processing integrity, confidentiality, privacy and financial reporting.