Joint Venture Capital, LLC
East Greenwich, Rhode Island
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
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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.
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Loan Purpose/Type |
Purchase, Rate-Term Refinance, Cash-Out Refinance | ||||||
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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 |
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|
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.
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Loan Purpose/Type |
Improve or rehab investor real estate property, purchase and refinance accepted. |
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|
Property Types |
“Non owner occupied 1-4 units (SFR, Condo, Townhouses and 2-4 Units) |
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|
Term |
1 year Interest Only |
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|
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.
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
Max Loan-to-Purchase Price
85%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
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
95%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
0Maximum After Repair Value
75%Due Diligence Fee
*Per property and dependent upon custom finance, amount, number of properties, finance type and scope of project.
Underwriting Fee
*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 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
Joint Venture Capital LLC Testimonials
"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!"
Mark Connor
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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.
Office Locations
East Greenwich, Rhode IslandOur Team
Timothy Joint
CEO
Matthew Joint
Senior Business Development Manager / Business Management Consultant
Daniel Genereux
Senior Loan Analysts
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