6 – 20 – 12
A national private Joint Venture Equity provider will be launching a new fund next week targeting total capitalizations from $10,000,000 and up. Equity contributions as small as $3,000,000 will be considered on a 90/10 co-invest. Story transactions with some cash-flow in place are being underwritten to a high-teens/low-twenties IRR for up to a five year hold. DPOs are also considered with a fresh capital injection from the Borrower. Their typical developer/partner is a smaller shop although institutional clients have also utilized their funds. Ground-up developments are not available under this program although assets requiring construction completion will be considered.