International Land Alliance, Inc. develops and invests in land and real estate projects, with a focus on raw land, residential homesites, and planned communities in Northern Baja California and Southern California. Company news commonly covers sales and construction activity at Rancho Costa Verde, Cabo Oasis Resort, and Oasis Park, as well as land acquisitions, permitting, proptech and construction-tech initiatives, and financing arrangements.
Recent updates also document capital-market actions such as the company's 50-for-1 reverse stock split, strategic-advisory engagements, and efforts to support growth across its property portfolio.
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International Land Alliance (OTCQB:ILAL) has announced the execution of its first construction financing contract for a custom single-family home at its Rancho Costa Verde (RCV) development in Baja California. The company is raising $5 million to launch a new mortgage division through preferred stock issuance. Funds will mainly be used for financing loans related to their real estate offerings. RCV has successfully sold over 1,000 residential lots, constructed 55 homes, and has 38 more under construction, contributing to a backlog of demand for financing. The company anticipates generating over $200 million from construction services, with higher profit margins expected from ongoing home construction.
International Land Alliance, Inc. (OTCQB:ILAL) reported record revenues for January 2023, exceeding $1.3 million, marking the best January in company history. This figure significantly contrasts with the $9,000 reported for Q1 2022. CEO Roberto Valdez highlighted the impact of new executives on sales and marketing strategies. Notable sales included 13 homesites at Rancho Costa Verde for $435,000 and 3 new homes at the same location for $600,000. The company has substantial remaining inventory, including 200 homesites for projected sales of $6 million and an additional parcel expected to add $6 million in gross lot sales.
International Land Alliance (OTCQB:ILAL) reported strong sales momentum from its RCV development, achieving approximately $300,000 from 10 new home site sales and over $600,000 from 3 new construction starts during its first sales tour of 2023.
Despite economic challenges, the firm emphasizes its position in the market, driven by increasing demand for affordable luxury housing and growing retirement demographics. Additionally, agent training initiatives aim to enhance the sales network at RCV, bolstering the company’s market presence.
International Land Alliance (OTCQB: ILAL) has acquired 100% of Rancho Costa Verde (RCV) for $13.5M, transitioning RCV to a wholly-owned subsidiary. The acquisition is expected to enhance profitability, with RCV's sales momentum recovering to pre-COVID levels, generating nearly $7M in revenue for 2022. Future sales opportunities include an estimated $6M from 200 lots and significant revenues from ongoing construction services. The company also plans to bolster its team and has initiated a mortgage division to provide financing for U.S. clients, addressing a key market need.
International Land Alliance (OTCQB: ILAL) announced the acquisition of a 75% interest in Rancho Costa Verde Development for $13.5 million, effective January 1, 2023. RCV, a master-planned community in Baja California, has sold over 1,000 residential lots and constructed 55 homes, with 34 more underway. In 2022, RCV generated approximately $2.2 million from lot sales and has contracts for an additional $4.5 million in home construction. Furthermore, RCV is expanding with a new parcel that could yield $6 million in lot sales and over $40 million in construction revenue.
International Land Alliance (OTCQB:ILAL) has announced the completion of Phase I of the Oasis Park Resort, a 497-acre master-planned community in Baja California, with potential gross sales exceeding $100M. Construction of 1,344 residential lots is underway, with 75 lots pre-sold. The firm expects to start home construction on pre-sold lots in Q1 2023 and aims for $30M in lot sales and $75M in construction revenue. Phase II will introduce a clubhouse and model homes, enhancing sales efforts.
International Land Alliance (OTCQB:ILAL) reported a strong close to 2022, achieving 10 new home site sales at its Rancho Costa Verde (RCV) development. This marks a return to pre-COVID sales levels, indicating robust demand. RCV, a master-planned community in Baja California, has sold over 1,000 lots, with 55 homes completed and 33 under construction. Looking ahead, the company anticipates a transformative 2023, with all projects actively selling and a significant acquisition pending for 75% of RCV Development.
International Land Alliance (OTCQB: ILAL) announced a new short-term vacation rental program at its Rancho Costa Verde (RCV) development, which aims to provide homeowners with additional revenue while capitalizing on existing demand. The program will utilize the hotel's established reservation system, with bookings starting January 2023. The RCV development has already sold over 1,000 lots and currently has 55 homes built and 32 under construction. The initiative complements the recent launch of a mortgage division, potentially accelerating performance.
International Land Alliance, Inc. (OTCQB: ILAL) will be featured on The RedChip Money Report on Bloomberg TV on November 12 at 7 p.m. ET. In this interview, President Frank Ingrande highlights the company's development projects in Northern Baja California and its new mortgage division initiative, targeting California's 40 million residents. This coverage aims to enhance visibility for ILAL among a potential investor audience, as Bloomberg TV reaches approximately 73 million households in the U.S.