Blud
Deals
Ask what a site is worth. Get the model back.
What to ask
To: blud@capture-lab.com
1500 E Broad St, Mansfield TX
Asking $2.4M. Does this work?
To: blud@capture-lab.com
Re: 1500 E Broad St
Run it as industrial instead of multifamily.
To: blud@capture-lab.com
Re: 1500 E Broad St
What would we have to pay for this to pencil?
To: blud@capture-lab.com
Re: Meridian
What happens if construction runs six months long?
To: blud@capture-lab.com
Collin County
Compare the three Collin County sites on drive time, utilities and floodplain.
What Blud checks
Before any numbers, it builds the record. Every fact comes back with a link to where it came from.
- Who owns the parcel, and how big it is
- What the zoning lets you build, how big and how tall
- Flood, wetlands and soils
- Utilities, roads and what is nearby
- Rents, jobs and what is being built around it
- Recent rents and sales
Zoning is set up per jurisdiction. We wire in the places you buy, and add new ones whenever you ask.
The models
Blud picks the one that fits the deal.
| Quick screen | Any site, first pass |
| Ground-up multifamily | With financing and returns |
| Industrial | Warehouse and distribution |
| Land and lots | Entitle and subdivide |
| Standing asset | Something with a rent roll |
The answer
It comes down to the spread over what the market pays. 150 basis points clears. 75 keeps it on the list.
Blud
1500 E Broad | Initial Feasibility
Hi Matthew,
At $2.4M this needs 240 units to clear a 6.4% yield on cost. Industrial pencils better here at 7.1%.
Zoning: RM-2, 240 units by right at 65 feet.
Flood: not in a flood zone.
Watch: a wetland buffer on the north edge.
The workbook
- Real Excel formulas, so you can change a number and watch it move.
- It tells you which constraint is holding the loan down.
- Your targets are cells. Move one and the answer follows.