One email starts it: the address, the income, and the debt. From there the process is five steps with no mystery — an honest screen (including a fast no), a written indicative number, a lease your lender can underwrite, and a standard close. Here is each step and what it produces.
| Step | What happens |
|---|---|
| 1. You send three things | The address, the stabilized income, and the debt picture. One email; no intake portal, no packet requirements. |
| 2. We screen it honestly | First question is not “how big” but “does the land solve your problem.” If the answer is no — healthy deal, thin coverage, wrong exit — we say so fast and you lose nothing. |
| 3. You get an indicative number | Land value, implied ground rent, coverage, and what the proceeds retire — non-binding, in writing, with the structure sketched. Take it to your lender, partner, or servicer. |
| 4. We structure to the problem | The lease is drafted to institutional standards — fixed escalations, notice and cure, recognition agreement, new-lease rights — so your current or next lender underwrites it without surprises. Payoffs, assessments, and partner redemptions are built into the closing flow. |
| 5. Standard close | Underwriting, title, documentation — the ordinary machinery of a real estate closing, run in parallel with your lender's timeline. As principal or with arranged capital; you know which before documents. |
What we never do: quote proceeds we cannot support, sit on a deal to shop it, or represent committed capital that is not committed. Indications are non-binding and say so; the number that survives underwriting is the number that closes.
Three things: the address or parcel, the stabilized NOI (or the path to it), and the debt picture — balances, rates, maturities, anything in default. That is enough for an honest indicative land value and structure.
Whether the land solves your problem: is there a real capital problem, does income cover the rent 3-4x, does your exit tolerate a leasehold. Deals fail the screen more often than they pass, and hearing a fast no costs you one email.
No — it is a written, non-binding indication: land value, rent, coverage, and structure. It becomes binding only through underwriting and documentation, and we tell you at every step which side of that line we are on.
Both, deal by deal — and you know which before documents are drafted. Either way the lease terms, the lender protections, and your economics are the same.
Address, stabilized income, debt picture. The screen and the indicative number come back fast — and if the honest answer is that you do not need us, that is the answer you get.
Email us the property