Yes, ASAP Finance will consider joint ventures. In addition to assessing the viability of a project, ASAP Finance will enter joint ventures where there is a track record of being able to see a project through to completion. Preference is given to residential and commercial property projects.
Track record key to joint venture equity
ASAP Finance is always seeking new development opportunities and will openly consider joint venture equity arrangements for a variety of projects including land banks, subdivisions residential and commercial developments. Each joint venture proposal is considered on individual merit. A successful track record is essential.
Joint Venture Parameters
ASAP Finance works with joint venture partners who have proven that they can successfully deliver property development projects from start to finish.
Ethics and integrity are key
Joint venture partners are assessed based on clear demonstration of shared value and ethics. Integrity is vital, to the extent that if a development project runs into difficulty, the joint venture entity will pay its debts rather than hide behind a limited liability company.
Residential and commercial property in New Zealand
ASAP Finance will only consider joint ventures for projects located in New Zealand’s major urban centres – Auckland, Christchurch, Wellington, Tauranga and Hamilton.
Risk and return
Like any equity investor, ASAP Finance assesses the risk and return parameters for each project. Detailed feasibility studies and risk assessments are completed for every project.
