Profitable JV development opportunity with fix return of 12%
We are looking for joint venture funding to enable the project to be completed. The property has been purchased on a subject to planning basis and planning has now been obtained. The funding is required for the building element of the deal, interest of 12% will be paid to the JV investor equating to £60,000, therefore £560,000 will be repaid within the 18-month term project period.
Purchase price: £850,000
Investment required: £500,000
Net profit for the investor: £60,000
Security: Priority return
Selling office: Sourced Lewisham