We pair ambitious developers with long-term UK and global investors, setting up innovative joint venture arrangements that build in flexibility and work for everyone from start to finish.
Our unique network of investors, family offices, funds and developers help us find and match parties with compatible aims, setting up classic 50/50 deals or something more complex.
From Residential Developments to Hospitality and Hotels, we will find investors targeting your asset class to fund single projects or a series of buildings or master developments.
Orchestrating joint ventures can be complex but we have the creative vision to structure your JV and ensure it builds in the flexibility to respond to the shifting market or changes in your strategy.
We troubleshoot and anticipate issues by creating structures that build in flexibility over time and help you respond to changes and challenges along the way.
We see your JV through from inception to completion, outlining where the risks lie at each stage before you commit to the next phase
- Strategic planning - Securing planning permission locks value into your development, but it’s early strategic and creative planning that creates it.
- Opportunity analysis - It pays to be bold when assessing whether acquiring more land or partnering with your neighbours might deliver something bigger - and perhaps more valuable - than if you went it alone.
- Scoping financials and other priorities - By focusing on maximising the opportunity, we will help you look beyond the site’s constraints and see what might be possible.
- Project commencement and performance monitoring - Agreeing the right deal up front is important but good performance monitoring ensures project objectives are hit. You need sustained focus from a well-oiled team delivering from day one.
- Land assembly - It pays to be bold when assessing whether acquiring more land or partnering with your neighbours might deliver something bigger - and perhaps more valuable - than if you went it alone.
- Initial concept design and financial analysis - At the inception of a project you need someone to have a feel for where you are headed, helping you sense check ideas and look at the financial implications of design choices and technical information. Finnerti will bring in a team of strategic external partners experts in this field to assist with the concept design and analysis phase.
- Shortlisting and selection process - Your site has development potential, but you need a partner to help unlock its full value. Choosing the right one is not always a matter of simply picking the highest bidder.
Competitive joint venture development finance
At FINNERTI, we recognise that one of the most important facets of a successful joint venture is finding a suitable match for both the developer and the investor.
There are two common joint structures that we can facilitate for our clients:
100% Joint Venture Development Funding
The investor funds all of the development costs, including acquisition fees, professional fees and construction costs. Typically, the developer will need to pay for the valuation and legals to purchase.
Pure Equity Investment Development Finance
The investor funds 10-30% of the total development costs, with the remainder sourced through senior debt at 70-95% of Loan to Costs.
Let FINNERTI guide you through the hardest area of development finance
Due to the number of variables involved and the higher level of risk for all parties, at FINNERTI we work with clients that find obtaining joint venture development finance an uphill task. Our highly-experienced external development finance brokers guide our clients through the three key criteria needed to make a development project of interest to prospective joint venture partners:
Who
Experienced developers are preferred by investors. However, if the developer does not have experience, our brokers can facilitate a Quantity Surveyor, Project Manager or Building Contractor as a partner to satisfy the investor’s criteria.
What
Investors will want to see a certain level of return on the equity they deploy. Projects which have a 30% Gross Return on Costs, 20% Net Return on Costs are acceptable in general. It is essential that the build costs and sales values are reasonable and can be evidenced.
Where
Preferred development locations for investors include Central & Greater London, the Home Counties, Bristol, Bath and Cambridge & Birmingham. However, high-quality applications will be considered across the UK.
For more in-depth information please send us your enquiry to This email address is being protected from spambots. You need JavaScript enabled to view it. or contact us now and speak to a member of the development finance team.
