What is the use of eb-5 memorandum for private placement of investment immigrants? Does the above have legal effect?

Private placement memorandum, also known as PPM, is the core document in EB-5 project investment documents and has the strongest legal effect.

This is the core document reflecting the specific situation of the investment project and the basic condition for the applicant to evaluate and judge the project. The document embodies in detail the whole process of the applicant forming a limited liability partnership by subscribing for the project, and then lending (or investing) the funds to the enterprise through the limited liability partnership, and finally achieving the purpose of immigration. All elements involved in the applicant's investment behavior: subscription amount, repayment guarantee, etc. Are reflected in this document.