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Joint Ventures
BiG Property Finance will consider putting up to 95% of costs for residential development or refurbishment and work in to joint ventures...
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Joint Ventures
This product is perfect for experienced developers, who have funds tied up in other projects but don’t want to miss out a great opportunity.
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Why choose BiG Property Finance?
SPEED OF RESPONSE
COMPETITIVE FINANCE RATES
PRIVATELY FUNDED
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Questions?
WHAT IS A JOINT VENTURE?
A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing property, residential or refurbishment property development projects.
HOW DO JOINT VENTURES WORKS?
- An appraisal is agreed with a fixed profit share to BiG
- The property is bought/transferred into an SPV Company that is 100% owned by BiG
- Simultaneous to the above, BiG and the Joint Venture Partner (JVP) enter into a Contractual Development Agreement which protects each party’s rights
- JVP has a facility over an agreed period to develop the property and sell or refinance the property
- Interest of 8% per annum is applied to the facility
- Upon repayment of the debt, interest and agreed profit share the shares in the SPV are transferred to the JVP
WHAT ARE THE BENEFITS OF A JOINT VENTURE?
- Access to new markets and distribution networks
- Increased capacity
- Sharing of risks and costs with a partner
- Access to greater resources, such as specialised staff, technology and finance
HOW DO YOU GET A JOINT VENTURE LOAN?
Simply complete our online enquiry form and one of our experts shall be in touch with you regarding our joint venture loans.