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Joint Venture Build-To-Suit Construction Equity from $500,000 GSP has identified a Joint Venture construction investor providing equity capital for ground-up build-to-suits pre-leased to credit and non-credit users nationwide.  Typical product types are franchised chain restaurants and medical uses including rehab “hospitals”.  Equity contributions can be as small as $500,000, with a maximum of $2,000,000 per project.  The equity investor will consider one-off transactions although portfolios are preferred.  A 20%+ IRR is required with a 10% developer co-invest.  Timing is usually 70 days from introduction to funding.  A sale of the asset at certificate of occupancy is typically required to obtain the IRR threshold.