Financing Overview
Financing Overview: Structure and Opportunity
100% Construction Financing – Non-Recourse JV Model
Horne, Young & Lambert offers full capital stack project financing coverage, funding the entire construction budget of large-scale commercial developments under a unique non-recourse JV structure with the lender.

Key Terms
- Loan Size: $40 million – 500+ million
- Structure: 100% Loan-To-Cost (LTC)
- Investor’s Equity: 5% – 75% Equity Stake
- Type: Passive, Non-Recourse JV Partnership
- Ideal Uses: Destination Resorts, Multi-Family Complexes, Senior Living Towers, and More
Investor Advantage
- Passive investors are fully vested from day one, holding irrevocable equity in the JV. The investor’s stake is permanently titled to the project partnership and protected from dilution, loss, or theft.
- There are NO personal guarantees.
- There is NO recourse beyond initial investment.
- There is long-term revenue participation.
- The project fund control is independently managed by PricewaterhouseCoopers – London, with additional third-party on-site financial oversight.

