July 7, 2014
Joint Venture Equity Financing for Apartments and other multifamily financing is offered by many apartment complex lenders however few have the understanding that Winston Rowe and Associates has when financing this asset class.
With up to 90% loan to value joint venture equity financing for apartments communities and other multifamily mortgage loans for real estate investors and companies that invest in real estate we are helping build and grow apartment and multifamily portfolios.
National Joint Venture Equity Financing Solutions:
They look for the sponsor(s) to have 10% of the total project cost into the deal in the form of hard assets (usually land) or cash.
Purchase or Construction
There also needs to be some additional liquidity to backstop the project which is another 10% in cash.
A minority ownership position that is negotiated after due diligence is complete.
There may also be a senior debt piece, depending upon the amount of equity the fund wants to invest.
A past track record of success is essential for the sponsors along strong personal liquidity.
Major metropolitan areas are preferred.
When speed and experience are important and crucial to your hotel and resort investing success, a principal at Winston Rowe & Associates is always available to speak with prospective clients.