Equity & JV Partners

Where it fits

• A purchase or development with an equity requirement beyond the sponsor’s available capital.
• A project where capital and operating responsibilities would be shared between clearly identified participants.
• A property opportunity that may fit a negotiated ownership arrangement better than another scheduled debt payment.

How it comes together

1. We review the property, budget, existing financing and each proposed contribution. Explain what you bring to the project and what you need the other participant to provide.
2. The discussion considers ownership, decision-making, distributions and the way a partner exits. A workable arrangement needs to cover responsibilities and adverse outcomes as well as the projected upside.

What to share

• A short deal summary, capital requirement, project budget and existing debt terms.
• Your proposed role, relevant experience, financial contribution and the work already completed.
• The intended holding period, exit plan and any partnership terms already under discussion.

Start with what you know. Our inquiry lets you use estimates and mark details you're still working out.

What to work through

• Sharing ownership changes control and economics. Agreements should address additional capital needs, reporting, major decisions, disagreements and a delayed exit.
• A partner is not assured merely because a project has projected profit. Contributions, guarantees, distributions and documentation are negotiated for the particular transaction; no standard return or split is promised.