LOS ANGELES-Wilshire Line Fund LLC has named NMS Capital Group exclusive financial advisor to the $85 million Line Hotel in Koreatown. NMS Capital Group will provide investment-banking services for the transaction, including capital raising efforts.

A partnership between Sydell Group LLC and investor Ron Burkle's Yucaipa Fund own the project. Wilshire Line Fund, which hired NMS Capital Group, has an agreement with Sydell to provide $16 million in EB-5 funding for the project. EB-5 funding allows foreign nationals and their immediate families to earn a green card for $500,000 investments made in an employment area or $1 million investments made in a business enterprise.

"We are thrilled to be part of what we hope will be the first of many EB-5 financed projects with Sydell and the principals at the Wilshire Line Fund," says Trevor M. Saliba, NMS Group chairman and senior managing director. "Working as the broker dealer and investment bank on this transaction, one of our primary goals is to ensure that this EB-5 financed transaction is executed in compliance with all SEC and FINRA regulations."