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Purchase documentation

Who sells, what you sign and what you receive. If you want to review a document before buying, ask for it: we will send it to you.

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Updated October 7, 2026

Who sells

Seller
Desarrolla Capital LLCTitle holder of the lots in Fulton County, Arkansas.
Authorized signers
Francisco Cortés Santolalla, Fridrik Grimsson and an attorney-in-fact in the United States
Attorney in Arkansas
Jessica Witherspoonjwalawoffice.net

Documents involved in the purchase

  1. Notarized promise of sale (Chile)

    The promise of sale (a Chilean notarial contract) identifies the lot by its parcel number, the price, the payment terms and the seller's obligation to transfer it once you finish paying. It records payment of the down payment.

  2. Payment receipts

    Forpay records each installment. Bank transfers are backed by the bank's records.

  3. Warranty deed

    The deed by which the seller transfers the lot to you, with a title warranty. It is recorded at the Fulton County property records office.

Federal land sales law (ILSA)

In the United States, the Interstate Land Sales Full Disclosure Act, administered by the CFPB, regulates the sale of lots in subdivisions. Projects with fewer than 100 lots normally do not need to register with the CFPB, but they must still follow its anti-fraud rules (15 U.S.C. 1702). If you want to review how it applies to this project, ask for the documentation or consult the project's attorney.

Foreign buyers

Arkansas law allows foreigners to buy land, except people and businesses from the countries the state restricts (Act 636 of 2023, Act 811 of 2025). Chile, Argentina and Brazil are not on that list.

A residential lot that is not used for farming does not require the federal report on foreign investment in agricultural land (AFIDA, 7 CFR 781.2).

This page summarizes the transaction and does not replace the contract. What governs is what you sign. If you have questions, consult your own attorney.