Turn Your Vacant Property Into a Performing Asset—Without Funding the Rehab Yourself

If you own a vacant or distressed property, you're sitting on one of two things:

• A growing liability
• Or an underutilized opportunity

Most owners don't move forward because of one problem: the cost and complexity of the rehab.

At Boarded to Built, we solve that.

Our Joint Venture Model

We partner with property owners, cities, and institutions to fund, underwrite, and execute the right strategy for each asset.

That doesn't always mean rehab. We first determine the highest and best use:

• Rehabilitate and reposition
• Stabilize and hold
• Demolish and convert to green space
• Prepare for disposition

Then we bring the capital and execution to move forward.

How the Capital Works

If your property is free and clear (no debt):

• We determine the as-is value
• We secure financing at approximately 60% of that value
• That financing is arranged by us, guaranteed by us, and carried on our balance sheet

You contribute the property. We bring the capital, underwriting, and execution.

What If the Rehab Costs More Than 60%?

If the required rehab exceeds available financing, the owner or city covers the gap (the delta). Even then, this structure typically requires significantly less capital than funding the full rehab independently.

What We Bring

• Capital structuring and access to debt
• Full underwriting and feasibility analysis
• Construction and development oversight
• National vendor and contractor network
• Risk mitigation and compliance management

We are not just capital—we are execution partners.

Economics & Alignment

Our structure is designed to align incentives and keep ownership with you.

Standard Structure:

• 3% fee on the as-is value (upfront)
• 3% fee on the after-repair value (upon completion/refinance/sale)
• 25–30% ownership in the project
• In exchange for: guaranteeing the debt, bringing capital, and managing execution

👉 You retain majority ownership and upside

Alternative Structure (if upfront fee is not feasible):

• 8% developer fee
• Paid from project financing
• Same partnership and execution structure

Who This Is For

• Individual property owners with vacant assets
• Cities managing blight or redevelopment zones
• Lenders with REO or distressed properties
• Developers with stalled or undercapitalized projects
• Landowners with shovel-ready vacant land — particularly those positioned for multifamily or vertical development

Shovel-Ready Land & Vertical Development

We also work with owners of vacant but shovel-ready land. If a site is entitled, cleared, and ready to go vertical — especially for a multifamily project — we want to hear from you.

In these situations, the structure is straightforward:

• You bring the project — the land, entitlements, and readiness to build
• We bring the construction financing and development expertise
• You keep the majority of the upside

How We Get Paid on Vertical Projects

For shovel-ready land and new construction deals, our compensation is structured around the project — not your pocket:

• 6–8% developer fee charged on total project cost, paid out of the construction financing
• 20–30% equity stake in the project

You bring the site. We bring the capital and execution. The fee comes out of the deal — not from you upfront — and you retain the majority of what gets built.

If you have a site that's ready to go vertical and need a capital and execution partner, let's talk.

Why This Works

Most vacant properties stay stuck because owners lack capital, projects are too complex, risk is unclear, and execution is missing. We solve all four.

From Liability to Opportunity

Vacant properties don't improve on their own. They either continue to deteriorate — or get transformed with the right capital and execution. We exist to make the second outcome happen.

Let's Evaluate Your Property

We'll help you determine whether rehab makes sense, what it will cost, how to structure the capital, and how to move forward.

Submit your property or schedule a call to get started.