You may know your property has potential without knowing what it would take to realize it.
Prodigy evaluates land for residential development and discusses transaction structures that reflect the property’s characteristics, the work required, and the owner’s objectives.
Our business is to acquire land, secure residential entitlements and approvals, and sell the entitled property to a homebuilder.
Some owners prioritize an earlier closing. Others are comfortable allowing time for approvals. Some prefer cash at closing, while others are willing to consider deferred payments or participation in a future outcome.
Those choices involve different benefits, obligations, and risks.
Our conversation begins with your objectives and the property’s circumstances, not the assumption that one structure works for every owner.
We consider the existing land-use rules, realistic development capacity, physical conditions, access, utilities, required approvals, anticipated costs, and the market for the proposed homes.
That analysis helps us determine whether a transaction can support both the acquisition and the work required before a builder sale.
An attractive hypothetical development plan does not automatically support an attractive purchase price. The cost, time, and uncertainty of achieving that plan also matter.
Prodigy purchases the property under an agreed purchase contract, subject to its terms and conditions.
This approach may fit an owner who prefers to receive the negotiated purchase proceeds at closing and avoid participating in the subsequent entitlement process.
The purchase price reflects the property’s condition and approval status, along with the costs and risks the buyer would assume.
An extended escrow or option arrangement may allow time to investigate the property and pursue specified approvals before a purchase is completed.
The agreement establishes the review period, access rights, deposits or option payments, approval responsibilities, extension rights, and conditions for closing.
This structure can give the buyer time to address development questions, but it may limit the owner’s ability to pursue other transactions during the agreed period. A completed purchase is not assured unless the applicable contractual requirements are satisfied.
The owner may receive a portion of the purchase price at closing and finance the remaining balance under agreed terms.
The documents establish the interest rate, payment requirements, maturity, security, priority, and remedies.
Seller financing defers some of the owner’s proceeds and creates repayment risk. It is different from receiving the full purchase price in cash at closing.
A negotiated arrangement may allow the owner to participate in a future result, such as proceeds from the entitled-property sale.
The agreement must define the calculation, permitted deductions, payment timing, reporting, and circumstances in which a payment is earned.
A contingent payment is different from a fixed purchase-price obligation. Additional proceeds may be delayed, lower than expected, or unavailable.
Depending on the property, an alternative unconventional deal structure is an option.
No. We can evaluate whether a residential land-use change appears feasible. A rezone or other approval is never assumed to be available or guaranteed.
No. Begin with the property location and whatever information you already have.
Yes. Please identify your representative so communications and any proposed transaction can be coordinated appropriately.
No. Our business model is to obtain the agreed residential approvals and sell the property to a homebuilder.
The allocation depends on the transaction structure and must be stated in the agreement. It should not be left to an assumption.
The consequences depend on the agreement, including its deadlines, extension provisions, termination rights, and payment obligations. These should be understood before signing.