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timing can be affected by the regional center in some instances. some regional centers see I-526 adjudications in far less than 6 months - less than 3 months even.

Pretty sure that under that scenario he will still have to put money of his own in as an angel investor but it's moot since it's not law. EB-5 has to be your own money though or money gifted to you or money that that you obtain from loan against a personal asset etc.