Where do I go to find joint joint venture partners – I have a permitted development and am happy to leave 20 per cent equity in project but need to pay out first mortgagee – happy to take second mortgagee position to secure my investment.
Maybe post some figures.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Development partly done , valuation prior to commencement 2.7 mill, 1.9 owed to bank, 350k needed to complete, end value, 3.4 as vacant land blocks and one existing house.
Hope that makes sense terry
And what are you looking for and what are you offering?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Open to ideas. Happy to leave in some equity in return for part of profit – person taking it over would be able to go into development with minimal capital depending on their lending capability – project can be completed with six months. All ideas welcome
What kind of development? What's the area?
Would be great to see a breakdown of numbers and a % profit at the end including all exit costs.
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