100% Funded Joint Venture – The construction of 36 Dwellings in Warrington.

Deal Structure

GDV £7,800,000

Loan Amount £5,084,880

2% Arrangement Fee

9.25% per annum interest on debt

24 month term

Profits split 60% Developer and 40% Funder

All costs 100% funded

Developer monthly management fee included

Deal Summary

Our client is a small developer based in the North of England. The have a good solid track record and use a 3^rdparty contractor for their schemes.

The Gross Development Value of the scheme is over £7,800,000. The scheme is mainly 3 bedroom houses with 9 x two bedroom apartments.

The developer has 3 other developments progressing at the same time so had no spare cash to invest in the scheme. The decision was made to instruct Positive Commercial Finance to source 100% Joint Venture Development Finance.

We quickly pin-pointed the best deal for the client and the deal was agreed and in legals within 7 days. The client did not have to put in a penny.

We have a lot of experience with Joint Venture funders and would be happy to help any developer find the correct funding for their circumstances. Please get in touch today.