Question

An alternative vehicle for financing commercial property involves having the lender acquire an ownership (equity) interest in the property by supplying a portion of the required equity capital in addition to providing the permanent debt financing. This type of financing arrangement is commonly referred to as a(n):_________.

Answer 1

Joint Venture.

Step-by-step explanation:

A Joint Venture is a cooperative enterprise, whereby two or more parties or organizations entered into an agreement for the purpose of accomplishing a specific project. Their resources are gathered together to this end and share ownership, expense, risk and profit.