EB-5 investors elbow past contractors on Oceanwide Plaza creditors list

A consortium of offshore lenders has secured a place at the front of line for payment in case the China-based developers of Downtown L.A.’s three-tower, half-finished and graffiti-scarred Oceanwide Plaza finds a buyer. An issue that has gotten the contractors worked up is that LA Downtown Investment, the entity that solicited construction funding from Chinese […]This article originally appeared on The Real Deal. Click here to read the full story.