London based property crowdfunding firm celebrates one year anniversary
Despite the current economic challenges, the cooling property market and the threat of Brexit, Shojin Property Partners continues to go from strength to strength, celebrating its one-year anniversary, since launching its online FCA regulated property crowdfunding platform in 2017.
In the last year, Shojin Property Partners has raised over £3m across five projects throughout the UK. Since launching online, the company has crowdfunded £1.5m in equity for the development of 18 flats in North London, as well as £381,000 in equity for the development of 49 apartments in Southend with a targeted return of 26% annualised. The further £1.1m has been spread across mezzanine loans and bridge loans.
These comprised of a £230,000 fixed term investment project in London with a 15% annualised return, a refurbishment project in Hampshire which for £190,000 was fully funded in five days and aims to give investors an 8% annualised return, as well as a student accommodation development in Nottingham worth £701,000 and an expected return of 15% annualised return.
Jatin Ondhia, CEO of Shojin Property Partners commented:
“Our intention was always to bring quality, institutional grade property investment projects to a broader market. We are the only platform to operate across the property investment spectrum and our clients have always appreciated the variety we provide as well as the depth of due diligence we carry out.
“Coming from an investment banking background, I wanted to create products that suit the needs of individual investors, rather than shoe-horning investors into a standardised product. To that end, we launched a series of mini-bonds designed to provide investors with monthly, or annual fixed returns over varying time-frames. These make it simpler for investors to put their money to work without having to choose individual projects to invest in.
“We offer UK and international investors the opportunity to invest into the UK property market from as little as £5,000. With the growing middle classes across the world, this enables them to invest in the same way that the wealthy have been doing for a long time.
“In a relatively short period of time, we have managed to gain the trust of investors resulting in 18% of our database reinvesting in two or more investment opportunities. I think what sets us apart from our competition is that we align our interests with those of our investors. We co-invest in every deal, without charging any hefty upfront fees or management fees. We make money by sharing profits at the end and if our investors don’t make money, then we don’t make money.
“The future looks bright for Shojin with the imminent launch of its secondary market, allowing property investors the ability to buy, sell and trade their investments at any point. This gives investors liquidity with their investments and the ability to buy in an out at any stage.
“Our goal is to disrupt the property investment market and make property investment accessible to all. We want to help more and more people invest in property without having to have large sums of money.”