We are pleased to announce that we have Joint Venture partnerships available for projects of $100MM or greater.  This is not a loan program it is 100% funding with a JV position.  Our fund will take a JV position of 10-50% depending upon the equity contribution of the developer. The developer must be able to provide proof of funds for at least 10% of the total amount requested stating that the funds are of clean origin, free of encumbrances and liens and can be used for investment purposes.

If the principal cannot satisfy the 10% requirement, the Fund has a “shared funds” program though which a principal can participate.  The “shared funds” program is based upon a 2.5% equity (cash) participation by the principal. Under this program, a principal would pay a 2.5% fee to the Fund to allow in the sharing of the funds for their project.  In other words, the principal would pay a “fee” and the Fund would put up the remainder of the money in order to get the principal to the 10% minimum requirement.  In this case the JV position would be much higher, generally 40-55%.