Tide Homes

South Tampa Deal Platform

Web Deal Analyzer · program model — one verified engine (month-by-month draws, equity-first). Exit defaults are new-construction (2023+) comp medians by zip, not blended-market averages. Always verify with a fresh Privy CMA before offering.

Web version — Deal Analyzer & Program Model. Candidates & scans need the local Tide app.
① Deal Analyzer
② Program Model
③ Candidates
④ What Changed
⑤ Scans & Settings

The Deal

Zip preset — sets exit $/sf & product from new-construction comps
Build cost basis
$/sf itemized
Dollar budgets (all-in)
GC $ = hard × GC% · package ≈ hard × (1+GC%)

Financing & Standing Assumptions

Cycle — purchase to sale
Fixed: contingency 10% on hard · developer fee 5% of (land+soft+pool+con) · origination 0.5% · disposition 5% · property tax $20K/yr. Waterfall: GC + developer fee to Tide → investor pref → PG kicker → residual 50/50.

Land-dev snapshot & full waterfall

All-in $/sf to build
Exit $/sf (sale)
Tide total / home
Investor total / home
Gross margin
Verdict
All-in $/sf = hard (+10% conting.) + soft + pool + GC profit + 5% developer fee + bank interest + tax + orig + investor pref + PG kicker — per home sf. Land separate below.
All-in to build (total $)
All-in with land $/sf
Sale price
Land — of value
Hard construction (ex GC)
GC profit ( of hard)
Developer fee ( of land+soft+pool+con)
Total project cost (TPC, accounting)
Bank loan / investor equity
Waterfall (full deal structure)
1 · Tide — GC fee ( of hard)
1b · Tide — developer fee ()
2 · Investor — preferred return (/yr on drawn equity)
3 · Investor — PG kicker (/yr on drawn equity)
4 · Residual after pref + kicker → 50 / 50 split
Tide total = GC + developer fee + ½ residual
Investor total = pref + PG kicker + ½ residual  ( ROE · /yr)
Any profit left after GC, developer fee, investor pref, and PG kicker is split 50/50 between Tide and the investor.

Returns — Investor & Tide

Hold period = full cycle from purchase through sale ( mo / yr). Investor capital = equity stack; Tide has no modeled cash equity (GC is earned on construction).

Investor IRR / yr
Investor ROE (hold)
MOIC
Inv % of sale
Tide % of sale
Investor
Profit / home
Equity invested
Return on equity (total, over hold)
Annualized ROE / IRR
Simple annualized (profit ÷ equity ÷ years)
Equity multiple (MOIC)
Profit as % of sale (job)
Profit % of sale / year
of which: pref · PG kicker · ½ residual
Tide Homes
Profit / home (GC + dev fee + ½ residual)
GC fee only
Developer fee
½ residual
Profit as % of sale (job)
Profit % of sale / year
Profit as % of TPC
Profit $ / year (over hold)
GC fee as % of vertical base
Share of Tide take from GC vs residual
Deal-level
Combined Tide + investor profit / home
Combined profit as % of sale
Enterprise gross margin (incl GC)

Back-Solve — What Makes This Deal Work

Max land @ gross goal (the real buy box)
Max land for Tide ≥ $225K / home
Max construction $/sf at this land
Break-even exit $/sf at this land
Exit $/sf needed for goal at this land

Full Pro Forma