LotTrust

Capital partners can now sign in to Pipsy and see the facilities and development projects they have money in, with position, returns, and distribution detail on each one, rather than waiting on a statement from the sponsor.

• Partners get their own logins, scoped to only the facilities and projects they participate in, and sponsors administer those accounts themselves.
• Joint venture waterfalls calculate preferred return and promote tiers, so each partner's share of a distribution is visible on the project it came from.
• Capital statements show contributed capital, returned capital, and outstanding balance per partner, and equity terms can be edited as a deal is restructured.
• Portfolio and returns views summarize positions across every facility and project a partner holds.

Land bankers and their builder partners now run the whole facility lifecycle in Pipsy - lots assigned to a facility, takedown requests raised against it, and approvals recorded with who signed off and when.

• Sales managers request a takedown by picking lots from the facility map or table, and the request carries its obligation math with it.
• Approvers work a queue of pending requests with the facility position behind each one, and every approval or rejection is stamped to a person and a date.
• A facility can be created directly from a development project, so a project that converts to a LotTrust deal keeps its lot inventory and cost basis.
• Each contract keeps a full history, including earnest money handling and an approved-to-takedown flag that drives the takedown schedule and the accounting journal export.

Development teams can now raise, edit, and track draw requests against a project's budget, with a shared status timeline that the sponsor, the lender, and capital partners all read from the same place.

• Draw requests and takedown requests share one status model and timeline, so anyone can see where a request sits and what moved it there.
• Comments with mentions live on the request itself, which keeps the back and forth about a funding decision attached to the funding decision.
• Pro forma sensitivity tools re-run a project against changed absorption, price, and cost assumptions without rebuilding the model.

Takedown pricing now supports compounding escalation, section-level overrides, and a cap on how far a price can escalate, and fee schedules can be preset per section and locked so they do not drift.

• A compound monthly escalator models price growth that compounds, rather than accruing against the original basis.
• Escalation can be overridden for a single section, and an end cap stops escalation once a set point is reached.
• Fee table presets are scoped to a section or property, so a new lot picks up the right fee schedule as it is created.
• A preset can be locked, which keeps the fees agreed on a contract from being edited after the fact.

A LotTrust facility can now carry an escalator with its own start date and written terms, and a contract can be priced homesite by homesite instead of off a single base price, so takedown cash flow matches how the deal was actually negotiated.

• Per-lot pricing flows through takedown cash flow, the builder dashboard, and the land pipeline, using the contract's own prices rather than an assumed base.
• Escalator start dates recalculate when the terms behind them change, so a takedown schedule does not have to be rebuilt by hand.
• Financial terms and escalator notes are recorded on the facility and shown wherever the contract is read.
• Takedown instructions can apply earnest money to the final takedown, and a lot list can be pasted in rather than picked one at a time.

Sales managers now get a daily recap of everything that moved on the lot pool - reservations placed, cancelled, and committed, and homesites taken down - and once a builder commits to a homesite, that builder is the only one that can act on it.

• Cancellations show whether the lot returns to the pool, so it is clear each morning what is genuinely back on the board.
• A reminder goes out when a committal has been pending for 36 hours, so a homesite does not sit claimed but unconfirmed.
• Inventory lists, dashboards, and the lot status map scope to the committing builder once a lot is taken, so builders sharing a pool see only their own.
• A weekly community report can be released by hand rather than waiting for the scheduled send.

A community can now run an open lot pool, where several builders sell from the same set of homesites and a lot is assigned to a builder only when a buyer commits to it. Sales managers approve each commitment, and from that point the lot belongs to the builder that sold it.

• Commitment can be deferred until after the contract is written, so a builder is not forced to claim inventory before it has a buyer for it.
• Cancelling or closing a contract is limited to the builder that holds it, so builders working the same pool cannot act on each other's deals.
• Transfers between builders are turned off on pool communities, because assignment now happens through commitment instead.
• Inventory lists and the lot status map carry pool filters, so a builder can separate the lots it controls from the lots still open to everyone.

Setting up a facility no longer depends on knowing what each setting does from memory. Community, contract, and takedown instruction forms now carry plain-language help on every field, and a contract can hold a lump sum earnest deposit instead of a per-lot amount.

• Help sits beside each field as it is filled in, so the effect of a term is clear before it is saved and carried into takedown instructions.
• A lump sum earnest override replaces the standard per-lot calculation where a facility was negotiated that way, and released earnest is no longer counted twice against the balance.
• A builder's separate business address can be recorded on the contract and used on the documents generated from it.
• A contract can name the incentive program it runs under, so the terms appear wherever the contract is read.

Lot contracts, their takedown schedules, and the instructions behind them are now managed in one place, and each contract carries its earnest money position next to its pricing and fee terms. A contract's economics can be read without assembling them from separate screens.

• Earnest money is recorded on the contract and on each section, so deposits held are visible alongside the pricing and fees they offset.
• Sections carry the county they sit in, which flows through district and fee reporting.
• Takedown reports show the community behind each contract, so an operator running several communities can work from a single list.
• Sales managers get their own view of sections, and a takedown schedule no longer has to match a fixed lot count to be saved.

Builders now get an automatic reminder ahead of every scheduled takedown listing the lots coming due, how many remain on the contract, and a link to start the request. Communities can also keep a standing list of people notified before closings.

• The reminder goes out a set number of business days ahead, configurable per client, and only to builder contacts with takedown rights.
• Closing notifications go out two weeks before an estimated closing date to a recipient list set per community.
• New ARC submissions notify the reviewers responsible for them as soon as they land.
• Delivery notices were reformatted so the lots, addresses, and deadlines read clearly in an email.

Builders active in more than one community can now switch their dashboard, land pipeline, cash flow projection, and takedown schedule into a company-wide view spanning every community they build in, instead of checking each one separately.

• Inventory health and sellout pacing roll up across communities, so a builder can see where its lot position is thinnest overall.
• Sales pace can be measured against raw elapsed months rather than the standard divisor, for a like-for-like comparison between communities of different ages.
• The builder portal can be set to show only lots that have reached their takedown date, so what a builder sees matches the lots it actually controls.

Every lot contract and takedown instruction now has an overview screen that shows the economics of the deal in one place - lot counts, pricing, fee structures, and deposit position. Sales managers working in builder mode can submit a takedown request directly instead of sending it by email.

• The instruction overview rolls up the lots, pricing, and fees behind a single takedown so the amount due at closing can be read without rebuilding it in a spreadsheet.
• The contract overview does the same across an entire lot contract, so a facility's position is legible at a glance.
• A takedown requested by a sales manager lands in the same queue the development team already reviews, with the requesting builder attached.

Developers can now define the fees attached to a lot, stage by stage, and track deposits, invoices, and payments against each one. The money owed on a lot lives on the lot instead of in a side spreadsheet.

• Fees are set per stage, so a deposit taken at contract and a balance due at closing are tracked separately on the same lot.
• A builder fee register lists every fee a builder owes across a community, with what has been paid and what is still outstanding.
• Fee position carries through to the lot record, the lot status map, and the closings report, so it is visible wherever the lot is being worked.
• Fees due on a lot are surfaced in the architectural review workflow, so a builder submitting a home sees what is outstanding on that homesite.

Builders can now open their own lot contracts in Pipsy and read the takedown terms and fee structures that apply to them, instead of asking the developer for a copy every time a question comes up.

• Each builder sees the contracts it is a party to and nothing else, so one portal serves every builder in the community.
• Additional fee structures are supported on a contract, so the view reflects how the deal was actually written rather than a standard template.
• Developers are kept in a single list, so the counterparty on a contract is chosen consistently across land development and lot takedown deals.