KSI Capital Corp Loans Baja Developer $5.7 Million for Growing Beachfront Project
Paramus, New Jersey, October 15, 2007 — Jim Olsen of Frontera Propiedades S de RL de CV knew exactly what he wanted, and he had a plan to achieve his ends.
He owned 72 lots in a project known as Riviera La Paz, a bit northeast of La Paz in Baja California Sur in Mexico, and he had his eye on buying more. La Paz is the capital in that region and, in addition to being an important regional commercial center, is in the center of a rapidly developing resort and tourist locale. La Paz itself lies between the coastal mountains and the Bay of La Paz on the Gulf of California, and eco-tourism is the major source of outside income as more and more visitors come to enjoy the magnificently diverse, and often unique, Replica handbags marine and terrestrial flora and fauna.
So Olsen wanted to acquire 75 additional parcels, with the intention of eventually owning a contiguous portion of the project, developing its infrastructure, and re-selling it to interested developers, of which there was likely to be many.
He needed a loan to do all this, however, and he didn’t want to do business with just any lending institution. He wanted someone with experience in Baja. Someone who had a history of successful deals in the area. Someone who could help him with much more than just a straightforward loan. Someone who was more than just a lender.
In short, he needed KSI Capital Group. And when he found them, he was surprised – pleasantly so.
“Most lenders who don’t know us are usually a bit bowled over when we first meet,” said KSI Vice President and Co-Owner David Haskell. “They don’t realize that, while we are experienced direct private lenders, we’re also developers ourselves. As a result of that experience, we are able to find value where other pure lenders simply cannot, not having that kind of depth beyond their own highly focused industry. We are able to help the borrower with far more than a simple, conventional loan. Actually, with the amount of work we devote to a client relationship, and the level of experience and expertise we bring, we’re closer to a business partner than a lender. And we think that’s a quality most other lenders can’t claim to offer.” Haskell smiled. “Maybe that’s why they don’t.”
KSI, located in Paramus, New Jersey, is known both domestically and internationally for its business acumen, having closed loans around the world with expediency and proficiency, not to mention client satisfaction. Begun in 1986, KSI has been a global player since 1996, and has a deep understanding of the lending intricacies inherent in Mexican and Central American transactions, and how best to share that knowledge with their clientele.
“Jim needed some help in increasing his collateral base,” continued Haskell. “There were a few problems associated with the Louis vuitton handbags land he already owned, and he really needed a clearer vision in his business plan, especially as it relates to a project in another country. We were able to help him with all of it, and conclude things successfully. Oh, and we closed his loan for $5.7 million, too.”
KSI’s thoroughness and ability to understand the entire project from the ground up enables them to be fast and responsive. Traditional lenders are often caught up in the red tape that delays the loan process, and ignore the borrower’s needs, as well as the time-sensitive reality of business transactions done today. KSI, by contrast, structures each deal around its borrowers’ particular requirements, deriving creative lending solutions quickly and efficiently, regardless of complications or risk factors that traditional lenders shy away from. National and international in scope, KSI’s range of expertise spans a wide variety of industry categories – from commercial real estate, resorts and lodging, and golf course development, to wineries, athletic shoe manufacturers, and media, among others.