Joint Venture Capital, LLC
East Greenwich, Rhode Island
Our Minimum Loan Amount Is
$150,000
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Attention: JVC is actively lending during the Covid-19 crisis
Different Finance Programs For Different Needs
Joint Venture Capital, LLC is a nationwide, direct private lender. Established in 2008, JVC offers a full array of long and short term commercial loan programs for real estate investors, business owners, developers and entrepreneurs.
JVC offers extraordinary service and access to outside the box “creative finance” program options second to none (without being limited to just a few program options, as the majority of regional outlets currently operating do.) combined with our “common sense” processing approach, better insuring the success ratio for possible financing for our clients.
Please note: we do not consider land, ground-up (horizontal) construction projects or owner-occupied homes.
Property Geographic Area Details
Nationwide except 7 states: AZ, CA, NV, VT, ND , SD, MN.
Loan Amounts
$150,000 to $50,000,000
Interest Rates
6.5% to 10.99%
Max Loan-To-Value
70.00%
Max Loan-To-Cost
95.00%
Origination Fees
2% to 5%
Loan Terms
12 months to 360 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Invest in a Business
- Business Working Capital
- Value Add Project
- Development Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
- Tenant Occupied Partial
- Owner Occupied Commercial
Minimum Occupancy Percentage
0%
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Auto Dealership
- Auto Repair
- Bed and Breakfast
- Cannabis Dispensary
- Cannabis Grow Facility
- Car Wash
- Casino
- Cinema
- Club
- Commercial Condominium
- Community Center
- Condominium
- Event Center
- Golf Course
- Gym
- Hospital
- Hotel
- Industrial
- Marina
- Mixed-Use
- Mobile Home Park
- Multifamily
- Night Club
- Office
- Place of Worship
- Portfolio of Commercial Properties
- Portfolio of Residential Properties
- RV Park
- Recreational
- Religious Facility
- Retail
- School
- Single Family Residence
- Sports Facility
- Storage Facility
- Student Housing
- Theater
Loan Types
- Private Money
- Hard Money
- Commercial Bridge
- Residential Bridge
- Commercial Property Value Add
Purchase Loan
Max Loan-To-Purchase Price
85.00%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
- Equity in Primary Residence
- Seller Financing
Rehab Value Add Loan
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
95.00%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
0Maximum After Repair Value
75.00%Details and Requirements
Typical Closing Time (Days)
30Fastest Closing Time (Days)
10Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
- Amortized
- Interest Reserve
Payment Structure Details
*Please see our loan programsPre Payment Penalty
yes
Various programs with and without pre-payment penalty.Will lend to a foreign national
yes
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
yesWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- LLC
- Limited Partnership
- Corporation
Documentation Required
- Credit Report
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesCredit Check Description
JVC has loan programs for all credit scores whether 800+ or below 500. Higher credit scores with the right collateral will typically yield borrowers better rates and qualify them for more loan program options than a lower score.Appraisal Required for Residential Property
SometimesAppraisal Required for Commercial Property
SometimesBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
Due Diligence Fee
$995.00 to $10,000.00
*Per property and dependent upon custom finance, amount, number of properties, finance type and scope of project.
Underwriting Fee
$1,500.00 to $1,995.00
*Promotional offers and fee reductions available periodically, check in to see if we have any current discount promos.
Processing Fee
Minimum of $995 *dependent upon finance amount, number of properties, finance type and scope of project.
Settlement Fee
Customary 3rd party settlement fee
Extension Fee
If applicable.
Appraisal Fee
*Customary 3rd party appraisal / MAI appraisal fee, Typically $595 - $2,995(+) dependent on the type of Real Estate, Real Estate size, number of units, construction to be performed (if any) involved. *Always ask to see if JVC is running any promotions as sometimes appraisal cost are drastically reduced!
Environmental Report Fee
If applicable, paid to 3rd party.
Fees which are mandatory for all new borrower clients
- Due Diligence Fee
- Underwriting Fee
- Processing Fee
- Legal Fee
- Settlement Fee
- Appraisal Fee
- Title Fee
Fees which are charged upfront prior to loan closing
- Due Diligence Fee
Fees which are paid to a third party company
- Underwriting Fee
- Processing Fee
- Documents Fee
- Legal Fee
- Appraisal Fee
- Inspection Fee
- Title Fee
- Credit Report Fee
- Background Check Fee
- Environmental Report Fee
- Renovation or Construction Funds Draw Fee
Legal Disclaimer
JVC does not and cannot guarantee that it will be able to obtain a loan with these terms for borrower(s). *These terms are for informational use only and are subject to any and all necessary lender due diligence. JVC's commitment to obtain any commercial finance loan is subject to the negotiation, execution and delivery of definitive loan and security agreements, mortgages or deeds of trust, notes and other documentation and customary certificates and legal opinions (collectively, "the loan documents"), which in each case must be in form, substance and enforceability satisfactory to JVC and/or it's assigns. *Notwithstanding anything to the contrary contained herein, in no event shall the interest rate contracted for, charged, or received exceed the maximum rate allowed by law for a commercial loan within the appropriate jurisdiction as embodied in this site.
Additional Details
Fees are determined case by case as certain types of finance request will involve construction, multiple properties, rehab, cost to cure, purchases or refinances. Depending on the property type, finance type and use/location certain 3rd party reports may or may not be required.
Attention: JVC is actively lending during the Covid-19 crisis
JVC HOUSE PROGRAM
Joint Venture Capital, LLC’s House program offers 3 year fixed or 30 year fixed, 30 year full amortized financing for Purchases, Cash-out refinance and Rate-term refinance. Minimum FICO score of 650 is required to apply for the JVC House Program. Maximum loan to value for US citizens is 75% on refinances and up to 80% loan to value on purchases (with a seller held 5%), maximum loan to value for foreign investors is 65% for purchase and refinance.
|
Loan Purpose/Type |
Purchase, Rate-Term Refinance, Cash-Out Refinance | ||||||
|
Property Types |
Investor 1-4 SFR, Condo, and 2-4 units |
Multi-Family, Mixed-Use, Apartment Buildings 5 units and more. |
Commercial Office, Retail, Warehouse, Self-Storage and Automotive |
||||
|
Fixed Term |
30-year |
3-year |
30-year |
3-year |
30-year |
3-year |
|
|
Loan-To-Value |
Max 75% |
Max 75% |
Max 75% |
Max 75% |
Max 70% |
Max 70% |
|
|
FICO Score |
> 750 |
6.99% |
7.49% |
7.49% |
7.99% |
7.99% |
8.49% |
|
FICO Score |
700-749 |
7.49% |
7.99% |
7.99% |
8.49% |
7.99% |
8.49% |
|
FICO Score |
< 700 |
7.99% |
8.49% |
8.49% |
8.99% |
8.99% |
9.49% |
|
General Guidelines (subject to change) |
|
| Loan Amounts | $100k – $5million |
| Term / Amortization | 30 year term / 30 year full amortized loan |
| Credit Score | 650 minimum mid FICO score |
| Rate Buy Downs | 1point fee = .25% rate reduction (maximum rate reduction is .50%) |
| *Foreign Investors | Foreign Investors accepted 65% maximum LTV |
*Further details and more information available upon request. Please see disclaimer in lending profile.
JVC FIX AND FLIP PROGRAM
Joint Venture Capital, LLC’s Streamlined Fix and Flip program offers a short term solution for acquiring and raising property values. This program is designed for investors looking to fix and flip or acquire properties for renovation/improvements based on the after repair value.
+ up to 80% maximum of the purchase price & renovation costs, not to exceed 75% of the after repair value. Prior real estate investing experience is preferred, less experience will increase the rates typically. This program has interest rates starting at 7.49%. $100K to $4M. 12 Month term. 600 minimum FICO score.
|
Loan Purpose/Type |
Improve or rehab investor real estate property, purchase and refinance accepted. |
||
|
Property Types |
“Non owner occupied 1-4 units (SFR, Condo, Townhouses and 2-4 Units) |
||
|
Term |
1 year Interest Only |
||
|
Loan-To-Value |
Rates |
LTARV |
|
|
Min FICO Score |
600 |
7.49% – 12.49% |
75.00% |
|
General Guidelines (subject to change) |
|
| Loan Amounts | $100k – $4million |
| Term / Amortization | 1 year, interest only |
| Credit Score | 600 minimum mid FICO score |
| Pre-Payment Penalty | None |
| Main Diligence items | Executed purchase agreement, 1 month bank statements, rehab budget, builder resume/licensing, schedule of real estate owned, 2 years recent tax returns, operating agreement/articles of incorporation |
| Investor Types | Program open to U.S. citizens, permanent resident aliens, Canadian citizens |
*Further details and more information available upon request. Please see disclaimer in lending profile.
JVC NO MIN CREDIT SCORE PROGRAM
Joint Venture Capital, LLC’s No Min Credit Score program offers a short term solution for investors with credit issues seeking an interest only loan with much more favorable rates as compared to typical hard money lenders.
|
Loan Purpose/Type |
Investor refinance transactions and purchase transactions |
||
|
Property Types |
Investor 1-4 (SFR, Condo, and 2-4 Units) |
||
|
Term |
24 months interest only |
||
|
Loan-To-Value |
Rates |
Loan to Value (LTV) |
|
|
FICO Score |
> 700 |
8.75% |
75.00% |
|
FICO Score |
650 – 699 |
9.00% |
75.00% |
|
FICO Score |
< 650 |
10.00% |
75.00% |
|
General Guidelines (subject to change) |
|
|
Loan Amounts |
$100k – $1million |
|
Term |
2 year, interest only |
|
*Credit Score |
*No minimum |
|
Pre-Payment Penalty |
None |
|
Rate Buy Downs |
1point fee = .50% rate reduction (Maximum rate reduction is 1%) |
|
*Foreign Investors |
Foreign Investors accepted 65% maximum LTV |
*Further details and More information available upon request. Please see Disclaimer in lending profile.
Attention: JVC is actively lending during the Covid-19 crisis
Direct Lender for *High LTV Long term or short term Commercial and non owner occupied Residential Investment Properties Nationwide.
*Ask about our no cost appraisal!
Joint Venture Capital LLC is a nationwide family operated boutique lender that specializes in most all commercial real estate, mixed use, and non owner occupied residential investor properties (SFR, Apartment buildings, multi-family, mixed use, office buildings, warehouse, automotive of etc). As “one of the oldest” longstanding nationwide commercial mortgage companies, we understand commercial lending from short term *non credit based Fast Bridge Loans leveraged primarily on the Real Estate value, to long term *30 year conforming like finance exit strategies to meet both short and long-term business goals. JVC can meet your financial needs from Beginning to end and throughout your financial life as needed.
JVC offers extraordinary service and access to outside the box “creative finance” program options second to none (without being limited to just a few program options, as the majority of regional outlets currently operating do.) combined with our “common sense” processing approach, better insuring the success ratio for possible financing for our clients.
No one offers a more diverse array of finance options or works harder than JVC for commercial borrowers nationwide!!!
Since 2008, JVC has been committed to providing the best leveraged finance solutions/programs to commercial borrowers, entities, brokers, loan advisors & the like.
The management of JVC has closed & funded multi-millions in diverse non conforming real estate transactions over the last 20 years, building the strongest of relationships whilst helping borrowers realize and achieve their goals & dreams, *as an assigned JVC Team guides you thru the entire transaction process. Call us today and let JVC help you with your financing needs.
- Quick Closings – We can close deals in as little as 2 weeks *in many cases without an appraisal!
- Professional and Experienced – Multi millions of diverse loans closed
- Flexible Terms – We structure unique terms to work best for each deal short or long term.
- Direct Lender – Nationwide lender (Some state restrictions may apply).
- Brokers Protected – We ensure brokers are protected in our term sheets *and we pay yield spread premiums for volume accounts.
Year Established
2008
Office Locations
East Greenwich, Rhode IslandPrimary Capital Source
- Own Funds
- Bank Credit Line
Alternative Capital Sources
- Own Funds
- Bank Credit Line
- Hedge Funds
Loan Structure for Majority of Loans
- Own Balance Sheet
- Multiple Investor Fractionalized Note
- Table Funding with Capital Partner
Alternative Loan Structures
- Own Balance Sheet
- Multiple Investor Fractionalized Note
- Table Funding with Capital Partner
Percentage of company’s lending business focused on private mortgage
100%
Company’s Other Business Activities Besides Private Mortgage Lending
- Commercial Mortgage Brokerage
- Commercial Mortgage Banking
- Business Finance
- Note Investing
- Commercial Real Estate Investing
- Residential Real Estate Investing
- Real Estate Development
Percentage of Loans Secured by Commercial Property
40%
Percentage of Loans Secured by Residential Property
55%
Percentage of Residential Property Loans Which are Fix and Flip
20%
Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)
70%
Timothy Joint
CEO
Founder of Joint Venture Capital LLCJVC’s Founder started working with commercial business owners finance needs specifically with a hugely successful brand new at the time, STREAMLINED creative lite to no documentation program, that brought millions of dollars quickly to self employed business owners back in the 90’s, *when there was very few, if any finance options, no relevant software to assist processing & zero internet presence, only slow snail mail & by hand fill in long form generic applications. Tim Joint knows the ins and out of the commercial and private lending industry and has unmatched expertise in finding the right and realistic financing options available for potential borrowers.
Matthew Joint
Senior Business Development Manager / Business Management Consultant
Over 10 years of management experience working with start up companies and commercial real estate financing.JVC's Business Development Manager possessing an array of skills with a background in general management, production management, programming, design, commercial real estate, sales, business management and business management consulting. With a focus on business efficiency, Matthew has developed numerous platforms, manufacturing layouts, and processing systems to assist companies making their work processes more cost efficient and productive.
Daniel Genereux
Senior Loan Analysts
Over 6 years commercial financing experienceDaniel Genereux has managed and processed multi millions in commercial real estate financing. Processed and closed many difficult and and near impossible deals that had been turned down by other lenders. Daniel works with borrowers to find ways to save and make deal happen.
I and my associates have been transacting multiple commercial real estate properties and have been successfully lent millions of dollars by JVC over the years with no tax returns needed and minimal other requirements, long low rate/ costs 30 year loans and also, when requested, shorter term “soft” bridge loan rates/terms all with high cash out LTV’S that other lenders couldn’t even come close on, and you can always speak with CEO Timothy Joint and JVC is our go to lender and highly recommended.
Gaf Financial
New York
Helped me get a loan for my first property in the US being a foreign resident this is not an easy task. Thanks to the folks at JVC, I was able to close. Very professional company!
Clinton Urling
Brooklyn, New York
Great service...JVC helped me close on a Investor property that BOA declined me on. The biggest thing I would say is the staff is very professional and always available for me unlike most brokers and lenders who left me in the dark. Thanks!