Joint Venture Development Strategies with Property Owners

[Bennet Sebastian]

I am a general contractor and a CCIM/MBA with a background in CRE brokerage and investment. I started my company a year ago because I really want to focus on development and building my own projects. To keep the lights on I've acted as a pure GC for other clients and even did a brokerage deal but am planning my first development next year. It's a small ground up medical office building on a pad ready site. Seller is providing 50% financing on the land and I am taking it through design and permitting and marketing it as a build-to-suit.

I'd like to line up a few more projects for next year but I am working with limited financial resources at the moment. So I am curious what are some ways I could joint venture with the land/property owner that limits my out of pocket expense/risk but allows me to control the project and still be a win-win for both sides.

Thanks in advance.