Joint Venture Development Finance for a 44-Apartment Development

Positive Commercial Finance specialises in arranging Joint Venture Development Finance for developers looking to maximise opportunities without tying up their own capital. This case study shows how we secured 100% funding for a 44-apartment development in Liverpool, allowing our client to progress a major project while other developments were already underway.

The Project

Our client was offered a prime development site in Liverpool with planning permission already in place for 44 apartments.

The opportunity was particularly attractive because the site was ready to build immediately, allowing construction to begin without delay.

The proposed scheme had a Gross Development Value (GDV) of almost £8 million and offered strong projected profit margins.

However, there was one obstacle.

The developer was already delivering three other developments at the same time. Although the business was performing well, all available capital was committed to those projects.

Rather than miss an excellent opportunity, the client wanted a funding solution that required no cash contribution.

Our Funding Strategy

Positive Commercial Finance identified a specialist Joint Venture Development Finance provider that could fully fund the scheme.

Instead of requiring the developer to contribute equity, the funder provided 100% of the acquisition and development costs in return for an agreed share of the project’s profits.

This structure allowed the client to preserve working capital while taking advantage of another profitable development opportunity.

Because planning permission was already in place and the project demonstrated strong commercial viability, funding was agreed quickly and the client was able to move forward with confidence.

Deal Structure

• Funding: 100% of all project costs
• Funding Level: 72% of Gross Development Value (before finance costs)
• Term: 13 months
• Profit Share: 60% to the developer / 40% to the funder

The Result

The client secured a fully funded Joint Venture Development Finance facility without investing any of their own cash.

This allowed them to proceed with a fourth development while continuing to deliver three existing schemes, maximising growth without placing additional pressure on cash flow.

This case study demonstrates how Joint Venture Development Finance can help experienced developers unlock larger projects, preserve capital and expand their development pipeline without relying on traditional funding structures.