RE:RE:RE:Well this is a nice surpriseI won't kid you, my first impression of the Tehachapi real estate project (Sage Ranch) was "uh, show me". How was Jeff's tiny Greenbriar Capital V.GRB going to get a US$300 plus million project done?! (50% of the project has since been spun off into PWR)
First off, it helps a lot to know that the plan is to develop the project in phases, over a number of years/ Secondly, it helps a lot to understand that a cost base of US$1m for the entire project gives the co. a great deal of flexibility for how to structure the project. And then the piece d' resistance comes with the recent great news included in the Oct 24 press release.
With Sage Ranch now included as a "qualified opportunity zone", it sets up much easier access to financing, more project structuring options with more potential partners, greater profit potential, no dilution and much lower, possibly NO project risk. It just depends on HOW they choose to structure the deal! Coming right at you in 2019...
Captiva talks pot cultivation in Latin America
2018-10-24 16:05 ET - News Release
Mr. Jeffrey Ciachurski reports
CAPTIVA VERDE LAND CORP ANNOUNCES CORPORATE UPDATE
Captiva Verde Land Corp. has provided an update on several significant corporate matters.
Real estate subdivision in California
Captiva Verde Land's 1,012-lot, $350-million California subdivision has very recently been designated by the United States federal government as a qualified opportunity zone. The U.S. Treasury has released its first round of opportunity zone regulations. Tapping $6.1-trillion in potential capital gains, opportunity zones are to reshape capital markets and reinvigorate dozens of major American cities. Tax benefits for structured capital infusions will encourage U.S. taxpayers to capitalize on real estate projects, infrastructure and businesses in America's heartland. This includes the offer of tax-free profits for investments held for a set period of time.
Today's program aims to drive hundreds of billions of private dollars into more than 8,700 designated zones covering nearly 12 per cent of the United States and 35 million people. U.S. Secretary of the Treasury Steven Mnuchin's conservative estimate is that this can translate to an average of more than $7,300 in investment for each household in these communities. Captiva Verde Land is more than delighted by this program and will move forward with select investment funds on this new and focused tax-deferred and tax-advantaged capital structure, providing very low-cost project capital, increasing the Captiva Verde Land asset value and avoiding any dilution to shareholders. Captiva Verde Land owns 50 per cent of this project.