Recent Developments & Releases
Last updated
Last updated
NOTABLE RECENT PRESS RELEASES
International Land Alliance Updates Binding Letter of Intent to Acquire Remaining 75% of Rancho Costa Verde Development, LLC
International Land Alliance Announces Sales at Recent Open House at Rancho Costa Verde
International Land Alliance Announces $5 Million 506 (c) To Launch New Mortgage Division
INTERNATIONAL LAND ALLIANCE, INC. ANNOUNCES LISTING OF EMERALD GROVE FOR $2.8M
NOTABLE QUOTES FROM THE PRESS RELEASES ATTACHED
"To date, RCV has sold over 1,000 residential lots and built 55 single family homes with 32 under construction. This is in addition to a completed boutique hotel and clubhouse."
"The RCV team sold 10 residential lot sales for gross sales of $400,000 and accepted six new contracts, which is in excess of $750,000 in gross construction revenue."
"The majority of funds will be allocated to finance loans to purchasers of our real estate products in Mexico including home sites, home construction and finished homes,” Ingrande said. “We believe that we would be one of the first real estate developers in Mexico to offer real estate financing to US citizens."
"The Company acquired the 80-acre Emerald Grove development in 2019 for $1.1M. In 2021, the Company recognized the sale of a vacant 20-acre parcel for $630,000 and is in the process of subdividing its remaining 40 acres into 8 residential lots. Median prices for 5-acre lots in the surrounding area are currently $250,000."
“To date, the Company’s sales have been completed primarily in cash, as traditional mortgage financing is not available to our U.S. buyers, which comprise over 90% of our purchasers” Ingrande said. “With the ability to offer financing, we should see gross sales increase by more than 50%. With a 30% down payment, this would generate over $7 million in construction sales.”
"RCV has over 1,000 residential lots sold and Ingrande noted the Company is seeing a huge backlog of demand for homesite owners to begin construction with the advent of the financing division."
Portfolio - Involved Projects
Oasis Park Resort, San Felipe, Baja California
Rancho Costa Verde (San Felipe, Baja California)
Villas del Enologo (Ensenada, Baja California)
Valle Divino (Ensenada, Baja California)
Plaza Bajamar (Ensenada, Baja California)
Emerald Grove (Hemet, California)
