If you are a small to mid-size developer who is looking at doing a project in the Caribbean, but have some reservations about biting off too much, you may want to look at a joint venture. We work with lenders who will entertain partnerships for the right project in the right location.
Why A Joint Venture in the Caribbean Makes Sense
Doing business in the Caribbean is much different than the US, UK or Canada. Dealing with foreign governments, foreign workers, environmental issues all add to the complications of development. If you don’t have the know how to navigate around these issues, it will cost you time and money (and plenty of frustration).
If you are a developing virgin in the Caribbean, a joint venture may make even more sense. A partner who brings experience in bureaucracy, construction and human resources in the Caribbean region could be invaluable and the difference between your project being a success or failure.
What a Joint Venture Could Bring to the Table
In a joint venture, you want a partner who knows how to develop property in the Caribbean. They will bring equity to the deal but more importantly experience. A bank can bring money into the deal, but they can’t negotiate for you. There are many challenges that cannot possibly be foreseen unless you have done business in the Caribbean.
Whether it be reliable construction contractors, contacts in the architecture field, or something as simple as ‘knowing the guy down in planning’, a joint venture partner can bring a lot to your project to make sure it becomes a success.
Talk to us today about your project, we may have joint venture partners willing to assist you in getting your development off the ground.
