Lloyds Commercial Business understands the role that both the entrepreneur and the lender play in a joint venture. Simply stated, a joint venture is a loan option that merges the passion and vision of an entrepreneur with the financial backing of the lender. Together, these two entities form a single purpose entity called a joint venture.
Joint ventures marry money to knowledge and opportunity and clearly define what both parties will receive at the outcome of the project. In a typical joint venture, the lender will receive a percentage of ownership in the project on top of collecting the interest rate on the loan.
The joint venture’s entrepreneur will also receive a percentage of ownership in the project and often receives compensation for his or her time for the role they play (general contractor, etc.). Traditionally, the investor is paid back in full, plus interest, before the entrepreneur receives any monetary compensation.
How to proceed:
In order to proceed, please contact our offices to receive information about required paperwork and details.