The Program
PVCG funds projects that meet specific criteria described in our Funding Guidelines. We never fund 100% loan to costs under any conditions and always require a cash down payment at closing.
PVCG Funds
PVCG Funds projects based on clear and concise guidelines available on our website at www.pvcapfund.com.
PVCG Works
PVCG works with experienced owners/developers that have invested equity into their project. They have a resume to support the submission, equity at closing determined by the project, location and required funding. They have a team to bring it all together ending in a successful project.
We readily admit we are looking for the best developers, in the best markets, with the best Projects.
Our Underwriting
Our underwriting verifies every detail of a project, and our third party inspection firms, support both PVCG and you as well as your team. From the land and title, thru zoning, permitting, site plans, utilities, appraisals, feasibility analysis, construction and operating budgets, proformas, holding period and exit strategy.
Our Goal
Our goal is to offer aggressively priced funding, a common sense approach, and a clear process that all parties understands, and agrees to, resulting in a completed project that is successful, and an investment that is profitable for all.
Submit Your Project Application
Joint Ventures Program
PVCG will invest directly in joint-venture projects from 50% and up, becoming development partner. A lender funding your project will require you to demonstrate financial reserves or an ability to complete the project in the event costs increase or sales decrease from the projections you provide. As your joint-venture partner, PVCG will fund from 75% to 90% loan to costs. Joint venture programs typically extend the term of the loan, reduce or eliminate interest, and international mixed-use resorts-PVCG will fund end-unit buyer mortgages for condominiums, hornes, vacation homes and others.
Debt Program
As a direct fund, we often receive 50 to 100 projects per month, and only the best of the best will receive straight debt offers to fund. You must demonstrate that your project is carefully planned and conceived as well as that you have the confidence to have invested your own funds prior. All funding programs require a cash down payment at closing by a borrower or third-party investor, arranged by the borrower or PVCG. We do not fund 100%, and most debt programs will fund a maximum of 70% to 80% loan to costs. PVCG works with CPACE, Tax Credits, Ground Leases and various Bridge/Mezz funds to assist clients with down payment, as needed.
Interest Only
Interest-only funding is most often advantageous for projects that are not longterm holds, or being sold, and eliminates the potential need of having to sell units to pay off the loan, which would typically have a 2-5-year term.
Lines of Credit
We’re pleased to offer lines of credit for developers with groups of projects that we believe are credit-worthy.