KSI Capital Partners with DeSea Baja Adventures in Baja, California
12,000 acres in Magdalena Bay Could Become Future's Next Cabo San Lucas
Paramus, NJ, June 26, 2006 -- There is a pristine paradise roughly three-quarters of the way down the peninsula in Baja, California, on the Pacific Ocean side. The Magdalena Bay area is a fascinating, 140-mile long system of hidden, fish-filled, mangrove-lined channels, shallow open bays, and navigable openings to the Pacific Ocean, with access to some of the best fall offshore big game fishing along Replica watches uk the coast of North America. In the winter months, Magdalena Bay is also the setting for an amazing whale show, as California Gray Whales migrate south from arctic waters to breed and bear their young in this and other lagoons along the Pacific coast of the Baja California peninsula. Whales can be seen virtually everywhere, leaping, cruising, rolling, mating, caring for their young, and just playing. It's another amazing aspect of Magdalena Bay. And the entire area is still relatively undiscovered by tourists.
Recognizing the success of Cabo San Lucas and San Jose del Cabo in Baja, KSI Capital saw the future in Magdalena -- and made a bold move. In a joint venture with DeSea Baja Adventure, one of Baja's leading tour and activity companies, KSI has closed an all-cash purchase of nearly 17 square miles in and around Magdalena Bay, including almost three miles of beachfront property. 100% of the land is useable, and there is ample fresh water.
Andrea Tomba, founder and CEO of DeSea Adventure, sees this as one of the most significant land acquisitions in Baja during the last decade. Magdalena Bay, and especially this property, has everything the global tourist trade is searching for, he said. The future could encompass so many things, from off-road racing schools, to five-star hotels, a world-class marina, residential, even golf courses. Plans have already begun for eco-tourism and whale-watching, and it's the undisputed capital fishing grounds for Striped and Blue Marlin.
Principal David Haskell of KSI was equally enthusiastic. It really was a no-brainer, he said. We looked at the area, Cheap replica watches studied Andrea's business plan, and we were hooked. It's exciting to be part of such a pioneering adventure.
Magdalena Bay fishing water temperatures range from the low-70s to the mid-80s, and the year-round mangrove channel fishing includes spotted bay bass, broomtail grouper, corvina, halibut, pompano, snappers, sierra, Louis vuitton replica black snook, palometa, amarilla, and a host of other species.
Andrea Tomba has nothing but admiration for the way KSI handled the deal. We searched for over two years before we found a company that shared our vision, and was aggressive enough to bring the cash to the table. After we talked, David looked us in the eyes, and we shook hands. It was a deal between gentlemen of integrity, just the way business should be conducted.
Magdalena Bay is one example in the broad spectrum of borrowers from across the country responding to KSI Capital's ability to make loans with incredible speed and consummate professionalism. With extensive experience in both the lending and real estate industries, KSI specializes in the unique and/or unconventional loan, paying particular attention to the specific needs and circumstances of the borrower. KSI makes loans from $1 million to $50 million, with a loan commitment in a matter of days. Specializing in land development and construction, both here and abroad, KSI Capital offers a viable option to what can often be a very expensive equity partner. KSI is a leader in the private lending industry when a project is in need of fast and flexible funds.