100% Development & Joint Venture Financing for Land Owners:We provide all building materials and pay you 30% to 40% more on your land value! You must own your land outright without any major mortgages on it. Our Joint Venture Proposal is ONLY VALID FOR LAND OWNERS!
In limited cases, Tower One Management Consultancy Service may also entertain joint ventures with strategic partners or land owners and who share the company’s vision for bringing its cutting edge housing products into the market.
WHAT IS THE DEFINITION OF A (REAL ESTATE) JOINT VENTURE?
You are about to learn one of the most powerful tools we know of, on being successful in today's competitive business atmosphere. We are of course talking about Joint Ventures, or specifically, teaming up with another person/group of persons, or business entity for the purpose of expanding your business influence and creating a more powerful market presence.Joint Ventures are favored, and if you're not utilizing this strategic weapon, chances are your competition is, or will soon be, using this to their advantage.... possibly against you!
A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, (THE LAND OWNER CONTRIBUTES HIS LAND FREE AND CLEAR & TOWER ONE MANAGEMENT CONSULTANCY SERVICE CONTRIBUTES BUSINESS STRUCTURE ON YOUR PROPERTY AND ITS EXPERTISE TO BUILD AND TO MARKET THE PROJECT), and they then share in the revenues, expenses, and control of the enterprise.
The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement. The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, partnership or other legal structure, depending on a number of considerations such as tax and developers liability.
A JOINT VENTURE OVERVIEW
A joint venture is a legal organization that takes the form of a short term partnership in which the persons jointly undertake a transaction for mutual profit. Generally each person contributes assets and share risks. Like a partnership, joint ventures can involve any type of business transaction and the "persons" involved can be individuals, groups of individuals, companies, or corporations. Joint ventures are also widely used by companies to gain entrance into foreign markets.
Foreign companies form joint ventures with domestic companies already present in markets. The foreign companies generally bring new technologies and business practices into the joint venture, while the domestic companies already have the relationships and requisite governmental documents within the country along with being entrenched in the domestic industry.
Reasons for forming a joint venture:
Internal Reasons
- Build on company's strengths
- Spreading costs and risks
- Improving access to financial resources
- Economies of scale and advantages of size
- Access to new technologies and customers
- Access to innovative managerial practices
Competitive Goals
- Influencing structural evolution of the industry
- Pre-empting competition
- Defensive response to blurring industry boundaries
- Creation of stronger competitive units
- Speed to market
- Improved agility
Strategic Goals
- Synergy's
- Transfer of technology/skills
- Diversification
A joint venture is not to be taken lightlyFor a business person or land owner to embark on a joint venture with Tower One Management, he or she needs to be committed and willing to work cooperatively with the other party involved. A person involved in a joint venture can no longer make all of the decisions for the business alone.
For it to be truly a “joint venture,” there has to be 100% commitment from both sides. When determining whether or not to embark on a joint venture, it is important to ensure both parties are a match with the projected real estate project development. In a joint venture, each party must compliment the other in business.
Sometimes, a misunderstanding or lack of communication can destroy a joint venture. Therefore, it is necessary for both parties to be capable of communicating what they are able to offer to the project and what their expectations are. Since money is involved in a real estate joint venture, it is necessary to have a strategic plan in place. In short, both parties must be committed in focusing on the future of the partnership, rather than just the immediate returns. Ultimately, short term and long term successes are both important. In order to achieve this, Success, Honesty, Integrity, and Communication within the joint venture are necessary.
To Summarize:
Assuming that you have fully understood the above definition of a Real Estate Joint Venture and the benefits as well as liabilities for both parties involved, it should be very clear that Tower One Management Consultancy Service will not provide proof of funds or any bank guarantees before signing the Joint Venture Agreement. We provide all building materials free of charge and the land owner provides his land. It's that simple!
Are you ready for an exclusive Partnership & Joint Venture Opportunity?
If you (or one of your clients) own development land (including building permissions) for development of residential, mixed use and/or commercial project developments, we provide 100% development loans and all building materials free of charge based on the fact that you would:
- Sign a Joint Venture Agreement with Tower One Management Consultancy Service
- Transfer your land into a Joint Venture mutually owned by yourself and by our Company.
As a Land Owner & Joint Venture Partner your benefits include:
- 100% development funding
- All building materials delivered free of charge
- No interest to be paid
- No upfront fees
Tower One Management Consultancy Service offers land owners:Full value for your land (with planning permission, verified by reputable local evaluator)Participation in the development profit, generally 30% to 40% of profitsThis generally results in the land owner receiving 200% to 250% of full market land value
We are able to adjust our prices into any market, locally based on your requirements.
- Do you own the land outright already for your planned project?
- Have you obtained zoning and building permissions?
What documents do we need to see regarding your Land?
- A Copy of your Preliminary Title Report ( TCT Certified Copy )
- A recent valuation report/appraisal to be done by a recognized evaluation/appraisal firm or by the Bank
- Overview of mortgages on your land (if any)
- A Letter from your bank confirming that they are willing to lend at least 50% Loan to Value (LTV) on your land, or a bank guarantee, or a Letter of Credit against the land value
What are the requirements for a Joint Venture Partnership?
- The Land must be placed into a Joint Venture, mutually owned by the land owner and by Tower One Management to secure our developments on his land
- The land owner must agree to use the land as collateral against a development loan or we rather pre-sell the houses and let the home buyer pay for the units.
- If the land is used as collateral for a development loan, it must be free and clear.
If you are seriously interested getting your planned project off the ground, please email us today @ towermcs@gmail.com!
“Our Commitment is guaranteed.”
