Joint Venture Capital is a private commercial lending company based in North Kingstown, Town of, RI. They offer a range of loan programs, including apartment building financing, bridge loans, commercial loans, business loans, and construction and development loans. Their lending parameters include loan amounts ranging from $75,000 to $100,000,000, interest rates varying from 8.74% to 14.00%, and loan maturities of 12 to 36 months with no pre-payment penalty. They provide financing for various property types, such as non-owner occupied residential, multi-family, mixed-use, retail, office, industrial, vacant buildings, entitled land, apartment buildings, construction, gas stations, c-stores, warehouse, and assisted living facilities, among others.
With a focus on first trust deeds and a willingness to consider credit types ranging from bad to great FICO scores, Joint Venture Capital offers flexible lending solutions. They allow third-party junior financing on a case-by-case basis and permit extensions and longer terms under different programs. Their loan-to-value ratios can go up to 65% depending on the property type, and up to 85% under different programs for qualified borrowers. Joint Venture Capital also offers a multitude of other loan programs besides bridge loans, catering to diverse financing needs. Please note that the terms and definitions provided are for informational use only and subject to lender due diligence.
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