Joint Venture Partners

Need a joint venture partner? Cortgage.com through its many affiliations has available a joint venture partner program that can allow funding for certain commercial real estate projects that may lack capital. Our borrower must have a minimum credit score of 750, a viable business plan and exit strategy along with relevant track record and experience, net worth and liquidity.

MINIMUM LOAN: $5,000,000.00 (below case by case - via affiliate)

LOAN TERM:   Negotiable

AMORTIZATION: Up 30 (depending on on the deal) or interest only

MINIMUM DSCR: Case by Case

MAXIMUM LTV: Case by Case (Generally 75%)

INTEREST RATE: Market rates based on merits of the deal

ELIGIBLE PROPERTY TYPES: Most Income Properties

ELIGIBLE BORROWER: Single Asset Entity

SPONSORSHIP: Good overall credit with sufficient liquidity and demonstrated experience on similar properties/projects

TAX AND INSURANCE ESCROWS: Required

REPLACEMENT RESERVES: Case by Case

SECURITY: First mortgage lien on subject property with personal guarantees. (Additional credit enhancement such other collateral or letter of credit to be determined)

THIRD-PARTY REPORTS: Normal reports including MAI appraisal, Phase I, Estructural and enginnering reports, Survey, ALTA title and any other required by underwriting. We can work off (update) existing reports if under one year old and meets requirements

ORIGINATION FEE: Negotiable

UP-FRONT COSTS: Actual costs for third-party reports and due-diligence

IMPORTANT: This is not an offer to make a loan, all requests are subject to normal due-diligence and final approval under conditions that are standard for the specific transaction. The above terms and conditions are subject to change without prior notice and other terms and conditions apply.