Development Finance – Property Joint Ventures
Property Joint Ventures are available to clients who have a quality project that requires funding over and above senior debt (1st mortgage) and junior debt (mezzanine, 2nd mortgage). This is known as equity funding and is generally provided by way of a Joint Venture.
Prudential Finance will partner your project through Prudential Finance’s lenders, high net worth individuals and wholesale investors.
The cost structure of the joint venture contribution will be made up of:
- Establishment fee
- Interest rate on funds advanced
- Profit share at the completion of the project
Funding will be secured by either 2nd mortgage, 3rd mortgage or by way of preferred equity.
Each Joint Venture proposal is assessed on individual project merits.
If you would like further information on Joint Ventures please contacts us.