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    Our new JV partner does not want to give out PGs but our lender wants PGs for any 20% shareholder

    Thanks for your responses. Our JV partner is committed but very wealthy and so certainly does not need to be giving out PGs at their scale. They are keen to support a large growth plan but no appetite for the added risk. We may be able to get someone like Close to do the refurb loan without PGs...
  2. G

    Our new JV partner does not want to give out PGs but our lender wants PGs for any 20% shareholder

    Can anyone advise us on how to get around the problem of lenders wanting any shareholder over 20% to give personal guarantees. Our new JV partner does not wan to have to give a PG so we need to offer a way around this. Thanks.
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