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Joint Venture Finance

JV Finance is two or more people getting together on a project with skills and finance pooled. Quite often there is no bank or lender involved. If there is a lender then all parties who are putting in the money need to be disclosed to the lender. Other points to consider include:

  • Speaking to your accountant to ensure it’s the most tax efficient structure for you and the project.
  • Get the JV agreement prepared by a solicitor and make sure they review it to ensure your interests are protected.
  • Do due diligence on your JV partners.
  • Once the project is completed how will you get your money out and will finance be required.

Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

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