Joint Venture Partnership Opportunities> 5 MM to 750 MM Partnerships
We have an appetite for income producing properties, such as: Hotels, motels, apartment complexes, sub-divisions, medical buildings, assisted living projects, almost anything that is real estate associated, if you have a project, and you have 10% liquid for reserves, we will partner with you and provide 100% funding for a term of five years
Qualifications:
Must have a viable project, have a complete business plan including 3 years financial s complete with an exit strategy, proof of 10% funds ( Liquid) and a resume to include your track record. If you have this in order, you are 90% home free!
ll projects considered over 5 MM and quoted within 48 hours.
How It Works?
Sample: You have a contract on a 40MM dollar income producing property, developed, or needs to be developed. You have a resume and a successful track record in this field, and you can prove that you have 10% liquid, we want to be your partner!
With our JV program, you pay no interest payments, ever! You wave these payments by taking on one partner at 40% giving you the majority share at 60% .
You pay nothing until the project starts making money.
Step 1:
Submit your project with proof of 10% funds, we will review and get back to you 24-48 hours.
Step 2:
We arrange a conference call between the JV coordinator and principals.
Step 3:
An agreement outlining the terms discussed on conference call are sent to you, if all clear, you sign and send back to
us with a 30K retainer/commitment, 15K will be credited back at closing.
Step 4: A funding agreement is issued within 24-48 hours
Step 5: A conference call is arranged between client and JV partner group for finalization.
Step 6: You will be instructed to open an account at one of our designated banks, with the 10% of the funding amount, in your name, in a form of a CD, and blocked for 6 months to 1 year.
Just added 2010: 10% leased funds for 10% cost. Example: You need $10MM for your project, normally, you would need $1MM liquid, using our leased funds,
We now have banks that will put that $1MM on deposit for you, block the account, and you are charged $100K for this service plus a 1.5% monthly maintenance fee. You pay nothing until you verify the funds are in your account, once verified, you have 48 hours to pay for the use of these funds, or the funds are pulled back. Why
would a bank do this? Simple, it does not cost the bank anything to put funds in your bank that you can't touch, as far as the rewards, they just made a cool $100K, basically, the cost of doing business and an avenue for you to get your project funded.
No fee's are collected until a firm agreement to fund is in place.
NO BULL HERE! As you can see, everything is disclosed, no hidden surprises.
Partnership:
In most cases, you will find that when a hotel is being developed, there are several partner/investors in place, all taking a piece of the pie, the principal who put everything together is only getting a small piece. Using our scenario, the principal gets 60%, we get 40%, we put up 100% of the money, they make no monthly payments, and do not start paying 40% until the project starts profiting. Traditionally, a 40 MM dollar loan at 10% interest only would cost you 20 MM over a 5 year period, with us, you don't make interest payments.
Benefits:
Principals make more money, making no interest payments. Projects close in 45 to 60 days.
Remember, there is no loan, we are your partner, you are closing on the partnership agreement with a group that has all the capital you need, is this starting to make sense?
References:
Joint Venture References:
This is not public information, these are not mortgage loans, there is no HUD, the funding of these projects are a direct result of our success in the private placement platform arena and managed by a licensed law firm. Therefor, all partnerships are held in the strictest of confidence bound by a client/attorney confidentiality and non-disclosure agreements. Pressing for information on our private partnership agreements is a direct breech of contract and will eliminate you from participating now, and in the future.
John Popp
Commercial Loan Officer
jpopp@cohencommercialequity.com
704-490-4733
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