JV Finance – how to structure?
I’ve been reading these forums since 2013 – when I followed Mark’s advice and began working with Lettings Supermarket. I’m now at a different stage of my property journey and could use some sage about JV Finance.
I have found a property for circa £200,000 that I believe I can make circa £100k on in 6-12 months. However, I am not sure how best to structure a JV deal, can anyone advise?
From my research, it appears a set amount of interest, ‘rolled up’ and paid at the end of the loan term/when the property is sold would be best. With terms of 8-10%interest?
Any help would be so gratefully received!
Thanks a lot.
Tim
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Member Since February 2011 - Comments: 3453 - Articles: 286
12:14 PM, 10th October 2016, About 10 years ago
Hi Tim,
JV finance is not my specialty, but you may like to make contact with our commercial finance expert Malcolm Jones. He has been a member of the National Association of Commercial Finance Brokers for longer than I dare say on open forum 🙂
Please see his members profile >> https://www.property118.com/member/?id=3353
Member Since October 2016 - Comments: 1
3:30 PM, 10th October 2016, About 10 years ago
Hi Neil,
That is ever so kind – thanks a lot! Will drop Malcolm a line.
Any other advice would be gratefully received fellow forum members!
Tim