...we have recently made commitments to help fund several worthwhile projects for investors and small business owners that otherwise probably would not have been able to get financing...
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Winter Haven, FL (PRWEB) September 17, 2011
Today, Tony DeCresie, President of the Joint Venture Association and Director of Commercial Lending at Florida Real Estate & Commercial Loans, Inc., http://www.CommercialLendingPros.com, announced that his company was participating in several joint ventures combining traditional financing and venture capital via http://www.JointVenturesNetwork.com.
“We are very excited to announce that we have recently made commitments to help fund several worthwhile projects for investors and small business owners that otherwise probably would not have been able to get financing given most banks inability or unwillingness to lend money right now.”
Some of the projects Mr. DeCresie and his group are sponsoring include:
- Acquisition of a beautiful 29 unit apartment building located in the South Shore neighborhood of Chicago. The South Shore community is a rapidly appreciating area situated along Chicago’s southern edge of Lake Michigan. Florida Real Estate & Commercial Loans, Inc. will be providing a loan for 70% of the purchase price and a Joint Venture partner will be supplying the remaining cash needed to close on the purchase. Phil Cafferty, a seasoned investor who currently owns and manages other properties in the immediate area, will be the managing partner for the project and will be splitting profits with an Equity Partner supplied through http://www.JointVenturesNetwork.com. The private investor participating in this venture is being guaranteed a minimum 17% ROI (return on investment).
- A commitment for up to $10 million for the acquisition of land and the building of a processing plant for a 3rd generation Georgia Pecan farmer who’s been in business for almost 50 years but has been unable to secure the financing he needs through conventional means to take advantage of one of the best markets for pecans in decades.
- A $7 million acquisition of a flagged hotel in the Baltimore/Washington, DC area. This project will combine traditional SBA financing and venture capital. A top notch local hotel manager with 28 years of industry experience will be partnered with an equity partner who will supply all the cash needed for acquisition of the property and reserves. They will likely split profits 50/50.
“JointVenturesNetwork.com is the perfect vehicle for entrepreneurs seeking capital’, said Mr. DeCresie. ‘Once you become a member and post your business idea, registered investors will have the ability to contact you directly via phone or email about your capital needs. Or we can assist in the negotiations for you. Our worldwide marketing reach, ensures that their business idea, investment opportunity or financing needs are exposed to the widest range of possible investors”, he continued.
To see other projects already funded through the Joint Ventures Network please visit, http://www.JointVenturesNetwork.com/Ventures-Funded.htm. Entrepreneurs can obtain more information about becoming a member of Joint Ventures Network, the online community for finding a joint venture partner, a venture capitalist, an equity partnership, angel investor or a private investor by visiting http://JointVenturesNetwork.com/Sign-up.htm. For information on becoming a private investor or private lender contact Tony DeCresie at 863-299-2929 or via his cell phone 813-833-3132 or visit http://JointVenturesNetwork.com/Private-Lenders.htm.