Co0-GP cost benefit
We are expecting 60% Loan to cost (LTC)
Process
We partner with our team of land specialists to handle all aspects of development from the civil engineering, water quality, grading, utilities, curb, gutter, asphalt streets, amenities, landscape and hardscape.
We will utilize our key trade and supplier partnerships along with our proprietary building systems for quick cycle times to start, build, and obtain certificates of occupancy on homes fast so that leasing can start immediately. We do not have to wait until all of the homes are complete to start leasing.
Capital Event: Short-term hold/rent or Sell. We have a diversity of exit strategy options. We can choose to sell the vacant homes immediately upon receiving a certificate of occupancy to an institutional buyer. Or we can lease up the homes and sell a portfolio of leased homes for a higher sale price to an institutional buyer.
Land identification, Entitlements, and Purchase
(Permits, Land Development, Zoning, Comprehensive Plan/General Plan)
Do we buy raw land, entitled land, or finished lots?
Single-family plat or townhouse plat? (Economics)
We won’t close unless we have entitlement. The process starts with a piece of land. Purchasing properly entitled land at the right price is one of the keys to success in any real estate business. We find and acquire land in high-demand markets for the best purchase prices. We always purchase land with proper land development analysis and entitlements.