Joint ventures in commercial property

What background are you from? ie do you have experience in property development, finance etc….IF not then i dont know of anybody that will “fork out the cash” for a joint ventrue sorry.

I have connection with a range of people who are willing to provide private funds in joint partnership BUT generally speaking; In any joint venture – you will have to either

1. Provide Cash
2. Provide experience, connection and backing for the venture.

If you dont have any of the 2 above, and just want to start from scratch ! no chance lol.

Your best option is to stick with the residential property for now, and once y our IP or PPOR builds up at least 35% equity- you can use this as your “cash” to fund your commercial deals.

Regards
Michael

Keiko – it Depends on the deal and detail…So if you want either PMS some details or post it for all to share

I had a deal for a buyer who wanted to fund some purchase in the US, and it was for a purchase of a Business in the US as well…one would think this is a “commercial/ private lending” deal…But you be surprise to know it was placed as a residential deal at 7.2% interest, 30 years term and with a respectable lender – HSBC.

But in general; most private/international lenders ( if your loan goes to a private lender)
Current rate: Feb 2011

Residential AAA class deal – 7.5% – 5 years term Max
Residential AA Class Deal – 7.8% – Up to 15 Years
Commercial/ Non conforming AA – 8.9%
Commercial/ Non conforming A – 9.5%

B and C class – start from 9% Min.

I will normally avoid private lender like a plague; but if nobody would finance it, or if it gets to hard because of your situation….then you really have no choice.

Regards
Michael

Chris Lang has been helping people form private syndicates for years. If you Google his name you will find him easily enough.

Regards
Alistair