Send us four inputs — the address or parcel, the as-complete stabilized NOI, total project cost, and the asset type. In about 48 hours you get back an indicative land value, the implied ground rent and coverage, and how it fits your stack. Structural, fast, and non-binding — as principal or arranged capital.
| What we need from you | What we return in ~48 hours | |
|---|---|---|
| The property | Address or parcel — enough to pull location, site, and land comps. | An indicative land value — the ground-lease proceeds you would receive at closing. |
| The income | As-complete stabilized NOI — the anchor line; we size off as-complete, never as-is. | The implied ground rent — roughly a quarter of that NOI — and the coverage (3–4x). |
| The basis | Total project cost — so we can see the land as a share of basis and the gap to fill. | How it fits the stack — the cash freed against your senior, your gap, or the equity injection. |
| The asset | Asset type — hotel, multifamily, healthcare, retail, mixed-use, office. | The ground cap applied — ~6.25–6.75%, tighter for housing — and the basis for it. |
Sets expectations: the bid is structural and indicative, not a committed offer or an appraisal — it is subject to underwriting, comps, and documentation · it carries no obligation and no fee to receive · we may act as principal or arrange the capital · one counterparty for the land and the leasehold financing.
An indicative land value, which is the ground-lease proceeds you would receive; the implied ground rent, roughly a quarter of stabilized NOI; the coverage, typically three to four times; and how the freed cash fits your stack against the senior, the gap, or an equity injection. It is a structural read, not an appraisal.
Four inputs: the address or parcel, the as-complete stabilized NOI, total project cost, and the asset type. That is enough to pull comps, apply the right ground cap, and return an indicative land value, the implied rent, the coverage, and the stack fit.
About 48 hours. The bid is a fast, structural read meant to tell you whether the land carries the deal and roughly by how much, so you can put a number in front of your client or drop it into the stack without waiting on a full appraisal.
No on both. The indicative land bid is non-binding and subject to underwriting, comps, and documentation, and there is no fee or obligation to receive one. We may act as principal or arrange the capital. It is a number to work with, not a commitment.
Send the four inputs — address or parcel, as-complete stabilized NOI, total project cost, and asset type — and we return an indicative land value, the implied ground rent and coverage, and the stack fit in 48 hours, as principal or arranged capital. No obligation.
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