A joint venture is a business arrangement in which two or more parties agree to combine their resources and expertise to pursue a specific business goal or project. Joint ventures (JV) can take many forms, and can involve a variety of different business activities, such as developing and selling a product, providing a service, or investing in property.
In the context of property investment, a joint venture may involve two or more parties coming together to purchase a property, develop a property, or manage a property. Joint ventures can be a good way for parties to share the risks and rewards of a property investment, and can allow for the pooling of resources and expertise to achieve a common goal.
JV property development finance will allow 100% funding of both the property or land purchase and the development costs. The lender is the JV and they share in the profit.
