$ILAL - Company to raise $5 Million Via 506(c) By
Post# of 8469
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Posted On: 09/20/2022 12:24:17 PM
$ILAL - Company to raise $5 Million Via 506(c) By Issuing Preferred Stock
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 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.
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