Michael Seale
Decatur, GA (USA)
Role(s):
Founder/Owner/Principal
IFG Corporation SA de CV
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Startup
Location:
Decatur
Industry:
Real Estate
Year Founded:
2002
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Incorporated Outside United States
Description:
IFG Corporation owns 494 acres appraised at $43M. The site was purchased for $24.2M cash in November 2002. The property is debt free. I am completing a PPM to offer preferred shares in the corporation. The shares will be offered at $5/share with the intention to raise a minimum of $500K to complete engineering and begin development and construction. The total offering is for $50M. The first 12,000 homes are pre-sold to qualified members of two workers' unions in Minatitlan, Veracruz, Mexico. Executive Summary and full Appraisal Report are available. Minimum subscription for this opportunity is $10K.