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LIFE WITHOUT BOUNDARIES

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Home Archives for Michael K. Cobb Page 6

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Michael K. Cobb

97 posts

At the height of a successful career in the computer industry, Michael 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, Costa Rica 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. As Caye International Bank, it continues to provide mortgage services, but has expanded its services to encompass the full realm of financial products.

With a strong focus on consumer need, Michael accurately predicted the growing need for high quality, residential product for North American Baby Boomer retirees in the region. He led the group into real estate development and created a holding company called ECI Development for several properties including a resort on Ambergris Caye, Belize. The model pursued is based on the Del Webb Sun City active senior communities in the U.S. with a focus on serving these consumers in multiple countries and geographies in the region.

In August of 2000, ECI Development purchased 3.5 miles of Pacific Beachfront property due west of Managua, Nicaragua. This master planned community hosts world class infrastructure, a golf course, homes and condominium units. In February of 2006, the ECI Development group acquired 1100 acres and 3km of coastline in Costa Rica, setting the stage for expansion into this popular market. In 2008, they merged their Belize property with a much larger parcel including pool, tennis courts and fitness center and have begun to develop 200 condominiums units on Ambergris Caye, Belize. Most recently in 2012, ECI Development purchased a position in a new project in Panama adding over 700 acres and another mile of Pacific beach front to their holdings.

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Syndication for Real Estate Deals – The Basics, Plus a Webinar to Learn More

This article was published in the Escape Artist Weekly Newsletter on February 07, 2018. If you would like to subscribe to the newsletter, please click here. What is real estate syndication? Simply put,…
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  • Finance

Top 3 Offshore Myths About Buying and Living Overseas

There are a lot of myths about working internationally, living overseas, global banking, and investing offshore. The top 3 myths are the ones we hear about all the time –…
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  • Your Escape Plan

IRS Tax Forms That Expats Need to File

With all of the talk about President Trump’s tax changes and the filing deadline of April 15th fast approaching, I wanted to publish an article about some of the Offshore…
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Trump’s Tax Plan for Americans Abroad

One of the big questions people have now is how the new tax laws will impact them. For the vast majority of folks living and working in the U.S., access…
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  • Your Escape Plan

A Secret Island Getaway in the Caribbean

A Secret Island Getaway in the Caribbean – Little Corn Island With the Eastern U.S. coming out of record cold, 3-week arctic blast, there are a lot of folks wondering…
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  • Your Escape Plan

The 6 Levels of Credibility When You Go Global

This article was published in the Escape Artist Weekly Newsletter on January 03, 2018. If you would like to subscribe to the newsletter, please click here. Like birthdays, the end of the…
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  • Finance

3 Reasons Bitcoin Will Change Real Estate Deals Forever

3 Reasons Bitcoin Will Change Real Estate Deals Forever A few weeks back, we talked about bitcoin in its simplest sense, asking three important questions: What is it? Is it…
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  • Your Escape Plan

The Cash-Out Crisis and Coming Crash

This article was published in the Escape Artist Weekly Newsletter on December 20, 2017. If you would like to subscribe to the newsletter, please click here. Can anyone else see the elephant in…
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  • North America

The Top 6 Reasons To Choose Mexico As Your New Home

The Top 6 Reasons To Choose Mexico As Your New Home. Chris and Judy Barrick are folks I’ve gotten to know over the past several years, and their story is…
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  • Your Escape Plan

International Real Estate – MLS Systems and Squatter’s Rights

This article was published in the Escape Artist Weekly Newsletter on December 06, 2017. If you would like to subscribe to the newsletter, please click here. Last week’s column was about the various…
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