Property platform Shojin raises over £2.1m in first six months
PROPERTY crowdfunding platform Shojin Property Partners has raised over £2.1m in its first six months.
The London-based firm, which launched in September 2017, typically connects developers in need of funding with sophisticated investors, who receive returns of up to 27 per cent per year.
Since its launch, the firm has backed 15 separate developments with a projected gross development value of £120m.
It now has over 2,000 members, including high-net-worth individuals, millennials and corporates who have each invested a minimum of £5,000.
“As a crowdfunding company, our projects have been highly successful because we co-invest our own funds into every project and our interests are always aligned with our investors,” said Jatin Ondhia, chief executive of Shojin Property Partners.
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“We charge no management fees and share the profits with investors once the project is completed.
“Our network of property developers approach us regularly with projects that need funding.
“We ensure every project goes through our three stages of due diligence and only present to our investors the developments which meet our stringent criteria.”
In April, Peer2Peer Finance News revealed that the firm was expanding outside of development finance into buy-to-let, bridge and mezzanine finance facilities.
“Since the launch of our crowdfunding platform, we have seen investors from all walks of life and across a broad age range, investing in our projects, from as little as £5,000,” said Ondhia.
“We now offer investors the opportunity to invest across the entire property spectrum.”
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