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International Land Alliance, Inc. (OTCQB: ILAL) announced it has secured up to $50 million in financing from an institutional investor, one of the largest capital commitments in its history. The funds will be used to purchase 300 acres adjacent to the Rancho Costa Verde development in San Felipe, Mexico. The parcel is already split into eight lots, including 300 residential sites, 12 casitas, and two finished beachfront homes. ILAL estimates the expansion could generate more than $12 million in land sales and over $90 million in construction revenue, boosting long‑term growth for the community.
In addition, ILAL has entered a real‑estate services agreement with the investor, creating a steady revenue stream to support day‑to‑day operations. CEO Frank Ingrande said the financing provides the momentum to expand one of its most successful projects, unlock a rare growth opportunity, and leverage ILAL’s expertise for ongoing income.
Proceeds will also fund acquisitions, joint ventures, project expansions, and serve as a strategic reserve for future opportunities, giving ILAL flexibility to act on market openings and enhance sales and marketing efforts.
Buckman, Buckman & Reid, Inc. acted as sole placement agent and advisor. For more details, see ILAL’s Form 8‑K on the SEC website (www.sec.gov).
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