Joint Venture Rehab Funding
Up To 100% Joint Venture Funding
Have a great deal but need capital? We will provide up to 100% of the capital to do the project in a Joint Venture? Have you had past issues that now make it close to impossible for you to get funding in your name? Tired of wholesaling deals and giving up almost all the profits? Allied’s Joint Venture program is your solution!
Criteria & Guidelines
Single or Multi-Family, Mixed Use & Commercial Property
Our Joint Venture Deals are straight forward. Here's how they work:
• 100% of all expenses of the project funded
• ALP or its assign takes possession of the property through one of its affiliate entities
• A partnership agreement to share in the profits is entered into with you on the project
• Our affiliates will either assist or directly manage the renovation and sale of the property
• Our standard rate and fees for funding the deal are charged
• Depending on the deal we’ll split the profits with 40-70% going to you.
| Application Response Time | 24 hours |
| Processing & Closing | 5 – 20 Day Turnaround |
| Loan Types | 1st Mortgage Deed of Trust |
| Max Loan Amounts | $2,000,000 no Minimum |
| Loan to Value | 75% of Completed Appraised Value |
| Credit Score | N/A |
| Borrower Equity Required | 0% |
| Property Type | Non-Owner Occupied Single Family Homes, 1-4 Family, Mixed Use, Commercial , New Construction |
| Term/Amortization | 6 or 12 Months / Interest Only |
| Rate | 14.99%* |
| Points | 3 to 6 * |
| Fees | |
| Commitment Fee | $895 |
| Appraisal/Broker Opinion | $300 - $500 |
| Application Fee | $500 |
| Rehab Escrow Fee | $300 |
| Draw Inspection Fee | $150 (each) |
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Notes: If JV, Allied Capital or its affiliate or assigns will hold title and ownership of property & shares in profits with borrower via a Joint Venture agreement. Allied Lending Partner and/or assigns put up 100% of all capital in the deal. |
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