740: Michael Cobb: How To Diversify Real Estate & Commodities Internationally

My guest in this episode is Mike Cobb. Mike is the co-founder
& CEO of ECI Development and President of Gran Pacifica. He
has been named among the “100 Outstanding CEOs in Central
America” by leading Central American magazine Mercados &
Tendencias. At the height of a successful career in the computer
industry, Mr. Cobb left to pursue more pioneering opportunities
in the emerging real estate markets of Central America. In 1996,
he and his business partner formed a company, Exotic Caye
International, to provide loans to North Americans purchasing
properties in Belize, Honduras and throughout the region.


As the need for capital outstripped the supply, the mortgage
company was converted to an international bank under the
jurisdiction of Belize. It continues to provide mortgage services
but has expanded its services to encompass the full realm of
financial products. Mr. Cobb also saw the need for a regional
real estate company that would serve the Baby Boomer consumer
with a North American standard product for the next 2 decades. He
led the group into real estate development and created a holding
company for several properties including a resort on Ambergris
Caye, Belize. In August of 2000, Exotic Caye purchased 3.5 miles
of Pacific Beachfront property due west of Managua, Nicaragua.


This master-planned community hosts world-class infrastructure,
homes and condominium units. In February of 2006, the ECI
Development group acquired 1100 acres and 3 km of coastline in
Costa Rica, setting the stage for expansion into this popular
market. Most recently they merged their Belize property with a
much larger parcel and have begun to develop 200 condominiums
units on Ambergris Caye, Belize. Additionally, Michael has spoken
at hundreds of international conferences about real estate
financing and development.


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