Latest / Serious AI with Chris Duff
The Land Game Is Shifting: Inside a Real Entitlement Deal | Ep 311
In this episode, an entitlement deal in the Western US is structured to convert an eight acre parcel into a fully platted 36 home site project, with a national home builder already locked under an LOI. The underlying land runs roughly $2M against a $4M builder LOI, with all-in soft costs of $200K to $300K. Serious Land Capital funds only the soft costs, tranched to milestones, in exchange for a 20% preferred return that accelerates to a 100% preferred (a 2x) on close plus a portion of the promote.
Get our exclusive weekly newsletter every Monday at Serious News.Deal breakdowns, AI for…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.