Ask the Advisor — How can I ensure my joint venture will be successful?

Description

Abstract: At a time when securing bank financing is a bit “iffy,” forming a joint real estate venture could be the best answer for getting a project off the ground. But it’s important to prepare for the bumps that may occur along the way. This article explains the concept of a joint venture and how a capital call provision in the operating agreement offers some certainty and can reduce the costs and tensions associated with obtaining additional capital.