International Land Alliance Announces $5 Million 506 (c) To Launch New Mortgage Division

Rhea-AI Summary

International Land Alliance (OTCQB: ILAL) announced plans to raise $5 million through a Reg D 506(c) securities offering. The company aims to use the funds to streamline property sales and enhance shareholder value by financing real estate purchases in Mexico. President Frank Ingrande highlighted that this initiative seeks to ease financing for American buyers, addressing a long-standing barrier to property acquisition in the region. The offering price is set at $100 per share, open to accredited investors only.

Positive

• Raising $5 million to finance loans for property purchases in Mexico may increase market size.
• Potential to offer real estate financing solutions to American buyers, enhancing competitiveness.
• Aims to streamline property sales, tangibly increasing shareholder value.

Negative

• None.

- 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.

CONTACT:

International Land Alliance, Inc.
Jason Sunstein
Email: jason@ila.company
Phone: (877) 661-4811

FAQ

What is the purpose of ILAL's $5 million offering?

ILAL plans to use the funds to finance loans for real estate purchases in Mexico, aiming to increase market size and shareholder value.

When was ILAL's press release about the funding announcement?

The press release was issued on September 20, 2022.

What is the offering price for shares in ILAL's funding round?

The offering price for shares is set at $100.

Who can invest in ILAL's Reg D 506(c) offering?

The offering is available to accredited investors as defined by the Securities and Exchange Commission.

How does ILAL plan to increase shareholder value?

ILAL aims to enhance shareholder value by streamlining property sales and providing financing options for buyers.