- Company to raise $5 Million Via 506(c) By Issuing Preferred Stock
SAN DIEGO, CALIFORNIA, Sept. 20, 2022 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB | ILAL), (“ILAL” or the “Company”), an international land investment and development firm, announced today that it is raising up to $5,000,000 from Accredited Investors under a Securities and Exchange Commission (SEC) Reg D 506c offering.
This Private Placement opportunity is being offered to a limited number of Accredited Investors in compliance with Regulation D Rule 506c promulgated under the Securities Act of 1933, as amended ("Securities Act"). The Terms of the Offering include a $100 purchase price per share. Accredited investors, as defined by the Securities Exchange Commission, may contact the company to inquire.
Frank Ingrande, president of ILAL, noted that while the company continues to enjoy sustained growth, the goal was to establish a financing and lending model that would help streamline the sale of our properties and thus tangibly increasing shareholder value.
“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.”
Difficulty in property financing in Mexico has long been a barrier for Americans looking to acquire property that would be a second home or a property for a retirement. With the ability to secure $5,000,000, Ingrande saw the opportunity to offer a valuable service while increasing the footprint of the company.
“This accomplishment is the result of tremendous vision and follow through by the entire ILAL team,” Ingrande added. “As a result of this raise, we expect to greatly increase our market size by providing a more affordable way for our customers to purchase and build homes with us.”
About International Land Alliance, Inc.:
International Land Alliance, Inc. (OTCQB: ILAL) is an international land investment and development firm based in San Diego, California. As its’ core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from Southern California. The Company serves its shareholders by devoting considerable time and resources to seeking out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: www.ila.company.
Safe Harbor Statement
The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.
International Land Alliance, Inc.
Phone: (877) 661-4811