A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it. However, the venture is its own entity, separate from the participants’ other business interests.
Hotels, commercial buildings and shopping centers are projects often funded by joint venture loans. This type of financing is created through an affiliation in which both parties agree to share capital, risks and rewards of the venture. It is different from a partnership in that it relates solely to a particular project, but for the most part, the agreement looks very much like that of a formal partnership.
Through our financing services, we can help you create a powerful business partnership so your company can achieve success.
