Setline Capital Setline Capital

Austin & Central Texas

We buy land and properties that benefit from rezoning, subdivision, redevelopment, and change of use.

Sometimes that is a vacant tract. Sometimes it is a house someone has lived in for forty years. Either way the seller gets a real number, certainty, and a close on their own timeline.

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1600 × 700 · aerial or streetscape of a representative parcel

What we do

Three ways a property comes to us

Most of what we contract never reaches the open market. If you own something you no longer intend to keep, or you represent a seller who wants certainty over price discovery, the conversation is short.

Direct from owner

A lot, a tract, a teardown, or acreage you no longer intend to use. We contract as-is, take the diligence risk, and close on your calendar.

Broker-represented

We are a real buyer with real terms, not a fishing expedition. Bring us a parcel and you get a written answer, not a maybe.

Assemblage

Adjacent parcels worth more together than apart. We coordinate the neighbors, hold the contracts in parallel, and close them as one.

Buy box

What we buy

Land and properties that benefit from rezoning, subdivision, redevelopment, or a change of use. If a site is worth more as something other than what it is today, it is worth a conversation.

Homes

We buy houses as they stand — no repairs, no showings, no open houses. Where a property goes next is our work to do. It is never a reason to treat what you built as though it were nothing.

Infill lots & teardowns

Urban lots and parcels carrying functionally obsolete improvements.

Agricultural

Acreage where highest and best use has moved past farming or grazing.

Subdivision & raw land

Tracts that need platting, utilities, or access to become buildable.

Commercial

Sites where the standing improvement undersells the corner it occupies.

Industrial

Yards, flex, and land where use or zoning is the binding constraint.

Where the value comes from

RezoningWhat is permitted today is less than what the site supports
SubdivisionOne tract that should be several
RedevelopmentThe site supports more than what stands on it today
Change of useThe site is doing something the market no longer pays for
Utilities & accessBuildable on paper, not yet buildable in practice
Not a fitLand or property already at its highest and best use

Process

How a deal moves

The sequence is the same every time, and the seller knows which step we are on.

  1. Under contract

    Written terms, earnest money posted, title opened. Diligence risk moves to us at signing.

  2. Entitlement

    Survey, zoning verification, platting, and permit or plan-review work with the governing jurisdiction, tracked to the parcel.

  3. Position cleared

    Title resolved, site constraints priced, and the buildable envelope documented in writing.

  4. Close or assign

    The cleared position closes to a development partner or is assigned. The seller is paid either way.

Capital

We fund the stretch between closing and construction

The months after a site is bought and before anything is built are where the value is actually made — rezoning, platting, permitting, and design turn a parcel into a buildable one. That work is what creates forced equity, and it only happens if someone is carrying the deal while it runs.

Bridge from acquisition to construction

We frequently provide the financing ourselves, so the schedule is set by the entitlement work rather than by how long it takes to line up a lender.

Equity earned, not waited for

The spread comes from changing what the site is permitted to be — not from holding it and hoping the market moves.

Takeout at the right moment

Once the position is cleared and buildable, the project moves to construction financing or to a development partner on clean terms.

Selected work

Parcels and positions

Replace with three to six representative parcels. Keep captions factual — address or block, zoning, lot size, and what changed.

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Caption — address, zoning, lot size, outcome.

Project image 2
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Caption — address, zoning, lot size, outcome.

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Caption — address, zoning, lot size, outcome.

For capital partners

The Dealroom

Active positions, underwriting, and deal economics live behind a login. Access is granted by name — either to the full library or to a single deal — and every board is current as of its stated date.

Library access

/dealroom

Standing partners see every active position as it is posted.

Single-deal access

/dealroom/{address}

Granted per parcel for a specific party, for a specific deal.

Enter the Dealroom Need access? Ask Jeff.

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Jeff McElroy

Manager · Setline Capital LLC

512-813-9500
jeff@setlinecapital.com
setlinecapital.com
1713 Fortview Rd, Austin, TX 78704