Land Acquisition Pro Forma Package

Land deals fail in places that are not on the broker's brochure: hidden entitlement risk, soft yield, bad horizontal cost assumptions, or a residual price defended only by the seller's expectations. This Space gives you a clean, defensible underwriting workbook for raw land — and the artifacts you'll actually take to your IC, your equity partners, and the seller.

What's in this Space

• Parcel Brief — the deal sheet your team can skim in 60 seconds.
• Yield + Residual Workbook — net usable acres, net lots, vertical revenue, residual land value.
• Entitlement Risk Memo — what could go wrong with the entitlement, and how it changes the price you can pay.
• Acquisition Memo — IC-ready memo with price defense.
• Operating Manual that codifies how your firm underwrites land — yield, hard cost benchmarks, and your minimum margin.

What you'll do here

1. Drop the parcel write-up into Inputs/Parcel.
2. Open the Yield + Residual Workbook and let River walk you from gross acres → net usable acres → net lots → residual land value.
3. Stress entitlement risk in the Entitlement Risk Memo. River drafts the risks and you push back on what's actually material.
4. Generate the Acquisition Memo when you're ready to commit equity.

What it's good for

• Land developers underwriting raw or partially-entitled land.
• Homebuilders evaluating a land position before tying up earnest money.
• Land brokers building a buyer-facing pro forma to defend an asking price.
• Family office capital evaluating a sponsor's land deal.

How to get started

1. Click Use Template.
2. Open the Setup Guide in Config and follow Step 1.
3. Edit the Operating Manual with your yield bands and target margins.
4. Drop the parcel materials into Inputs/Parcel.