For example, JV participants seeking a shorter term (2 to 5 year) investment would be sought for our Home Purchase Solutions offerings – this is where we meet the needs of people who don’t currently qualify for conventional mortgage financing can occupy and acquire a home of their choice. The joint venture can be customized to meet the investment return objectives of the participants in terms of cash flow distribution, and gain upon sale of the property.
Another example is to structure a joint venture such that participants providing financial resources can retain ownership in a buy-and-hold rental property over a term exceeding five years. This could apply to either single or multi-family dwellings. Similarly, participation in cash flow, return of capital, and ownership proportion becomes a function of the participants’ objectives and, to some extent, on the property specifics.
Grand River chooses to operate geographically within Southwestern Ontario, the Niagara Peninsula, and the Hamilton/Brantford areas. Our preference is to focus on communities of more than 25,000 in population.