Joint Venture Development
There are times when it has become increasingly difficult to acquire commercial land for development.
There are times when it has become increasingly difficult to acquire commercial land for development. There are continuous demands that City/County municipals have created for Developers in California and throughout the United States. Thus, Developers face an enormous challenge to develop retail shopping centers in a feasible amount of time to produce the required investor returns in today’s marketplace.
Therefore, another option that can benefit the Seller, Developer, Tenant’s, municipals, and the public, is for a Seller (“Landowner”) and Developer to enter into a Joint Venture Partnership or Development (“JV”). Although there are many different ways to structure a JV, below you will find (1) one basic outline of terms that D.H. Holdings, Inc. has been involved with and will continue to work with in the future.
Developer will be completely responsible for the development and leasing of the property. In addition, the Developer shall be the ultimate decision maker for all major decisions of the joint venture including sale or refinancing.