INTERNATIONAL LAND ALLIANCE, INC.
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Market Data: Yahoo Finance, Bloomberg, SEC
Report Link: Updated Research Report (Dated September 22, 2022)
Symbol: ILAL
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $0.80
Time Horizon: 12 Months
Rating Established: November 3, 2021
Price When Established: $0.87
Most Recent Report: September 22, 2022
Price When Issued: $0.45
What’s New
International Land Alliance Announces Sales at Recent Open House at Rancho Costa Verde
On September 29, 2022, International Land Alliance, Inc. (OTC: ILAL) announced strong sales at an open house at its Rancho Costa Verde (RCV) development on September 25, 2022. The RCV team sold 10 residential lots for gross sales of $400,000 and accepted six new contracts, which is in excess of $750,000 in gross construction revenue.
On the heels of the previously announced $5 million preferred stock offering, which will be utilized to form a mortgage division, ILAL offered shareholders and potential investors projections as a result of the closing of this placement. The company said that its sales to date have been completed primarily in cash, as traditional mortgage financing was not available to its US buyers, which comprise over 90% of ILAL’s purchasers. The company believes that with the ability to offer financing, it should see gross sales increase by more than 50%. With a 30% down payment, this would generate over $7 million in construction sales.
Company Description
International Land Alliance, Inc., headquartered in San Diego, California, is a residential land development company with target properties located primarily in the Baja California Northern region of Mexico and Southern California.