Brandon Brittingham

So they take a piece of ground. Yeah. from start to finish and their profit margins are on average 50%. So with that and how we've structured our strategic partnership, they pay us a really strong interest rate when we lend them the money for acquisition, entitlement, and soft costs, which mostly banks won't do, right? Banks want them to buy the ground. Yeah.

So they take a piece of ground. Yeah. from start to finish and their profit margins are on average 50%. So with that and how we've structured our strategic partnership, they pay us a really strong interest rate when we lend them the money for acquisition, entitlement, and soft costs, which mostly banks won't do, right? Banks want them to buy the ground. Yeah.

Buy the ground, put the money down, carry a note. And then that's where you get into trouble. So it, and I'll, we can talk more on that a little bit later, but effectively, even if I'm

Buy the ground, put the money down, carry a note. And then that's where you get into trouble. So it, and I'll, we can talk more on that a little bit later, but effectively, even if I'm

charging them between 20 and 30 annualized return which i know sounds too good to be true but if you understand how that works by the time they get that ground ready and sold off and they have their let's call it 50 profit the interest rate that i charge for that 12 months actually becomes about a two percent interest on the entire project yeah yeah it's nominal but a bank still won't do it that's why you have alternative investors like us right and uh

charging them between 20 and 30 annualized return which i know sounds too good to be true but if you understand how that works by the time they get that ground ready and sold off and they have their let's call it 50 profit the interest rate that i charge for that 12 months actually becomes about a two percent interest on the entire project yeah yeah it's nominal but a bank still won't do it that's why you have alternative investors like us right and uh

Which we get to, much like you, we get to proudly say that we've never missed a quarterly distribution. We've never paid less than the preferred interest that we've offered. We've had six profit-sharing interest quarters in a row.

Which we get to, much like you, we get to proudly say that we've never missed a quarterly distribution. We've never paid less than the preferred interest that we've offered. We've had six profit-sharing interest quarters in a row.

And what we've helped, LTV, which is another important factor, is this $75 million that we've raised for my strategic partners, they're now sitting on $1.5 billion of retail ground in their pipeline. Yeah. So at 50% of that, that's $750 million. So I've got a 10% LTV against the profits that they're expecting. So it's, man, it doesn't get much better than that.

And what we've helped, LTV, which is another important factor, is this $75 million that we've raised for my strategic partners, they're now sitting on $1.5 billion of retail ground in their pipeline. Yeah. So at 50% of that, that's $750 million. So I've got a 10% LTV against the profits that they're expecting. So it's, man, it doesn't get much better than that.

So this is, you know, this is obviously a very profitable niche that you've discovered and really been able to leverage it and make it work really well. You know, how did you figure this out? Like, you know, this isn't. And when you think investing in real estate, you don't wake up usually and say, hey, I'm going to go after dirt and figure this out. It's a great play. I've done it.

So this is, you know, this is obviously a very profitable niche that you've discovered and really been able to leverage it and make it work really well. You know, how did you figure this out? Like, you know, this isn't. And when you think investing in real estate, you don't wake up usually and say, hey, I'm going to go after dirt and figure this out. It's a great play. I've done it.

Not at the skill you've done it, but to your point, we were doing developments and I had a couple of nationals come knock on our door and say, hey, before you start that next one, we'll buy the ground from you at X. And I said, shit, I can't build the houses and make that much money. Right. So how did you I mean, how did you figure this out? Was it a deal that you did? It was just an idea you had.

Not at the skill you've done it, but to your point, we were doing developments and I had a couple of nationals come knock on our door and say, hey, before you start that next one, we'll buy the ground from you at X. And I said, shit, I can't build the houses and make that much money. Right. So how did you I mean, how did you figure this out? Was it a deal that you did? It was just an idea you had.

Like, how did you get to this point?

Like, how did you get to this point?

So it was a combination of a few things, and we called a little bit of dumb luck that we kind of fell into it, but fell into it and then realized that. It was like a light bulb moment. And it was one specific piece of ground.

So it was a combination of a few things, and we called a little bit of dumb luck that we kind of fell into it, but fell into it and then realized that. It was like a light bulb moment. And it was one specific piece of ground.

It was a piece of ground that we called the Oneida parcel out in Charlotte, North Carolina, which, by the way, our strategic partners were operating in the Carolinas, Florida, Georgia and Texas currently. we have the ability to scale this across the country with, and we sell to 14 of the top 25 national builders in the country. And they're always begging us to come to their markets.

It was a piece of ground that we called the Oneida parcel out in Charlotte, North Carolina, which, by the way, our strategic partners were operating in the Carolinas, Florida, Georgia and Texas currently. we have the ability to scale this across the country with, and we sell to 14 of the top 25 national builders in the country. And they're always begging us to come to their markets.