Small Balance Joint Venture Equity

George Smith Partners is placing Joint Venture Equity requests for value-add opportunities to as low as $1,000,000 for the institutional co-invest. Typical splits are sized to 90/10 and structured with an 8% preferred return with a wide variety of splits, waterfalls or IRR lookbacks based on the transaction. Ground-up is not considered as some level of cash flow at close is required.