Nino says Prodigy needs to see what a property looks like, understanding that now, there's a real asset, there's a real property as collateral for his investment. "The property needs to make sense," says Nino, noting the company is not looking for property that's commodotized, but instead property that's unique in value.

Nino stresses that "the real news is that there is an important interest and appetite from a foreign perspective for properties in the United States because the prices are making sense, and you can acquire standing inventory at a discount," he says. He adds that he and his investors have faith that New York and Miami are both in store for turnarounds.

"There's an incredible amount of activity in Miami, sales are spiking back to new highs, obviously for fractured condo projects and distressed properties, " Nino says. And he thinks New York City is not far behind. "As we enter summer, New York is almost ready, and the prices are already making sense, " he says adding that he thinks "right after Miami, New York will follow this trend.

Of his strategy, he says, "the premise is simple: buy cheap to sell expensive later."