No, we provide 100% of the funding for every profitable property development and investment you find in the UK via our platform.
We leverage 65%-75% of the overall hard costs via debt instruments. Therefore meaning the return on capital invested is based on the remaining equity plus soft costs. The feasibility of each scheme is subject to a satisfactory red book valuation confirming values.
JaeVee stands for a joint venture which is between you as the property developer, our equity investor line and JaeVee. We mix senior debt with equity with an SPV being formed to act as the borrower. As the lead property developer, you will provide a personal guarantee for the senior debt (which is capped) being that the you're responsible for delivering the project and ensuring the exit is achieved. The senior debt interest is borne by the SPV as it forms part of the project costs. The net profits, after payment of the senior debt, mezzanine debt (if applicable) and equity invested, will be distributed according to each parties shareholding. Corporation tax will also be deducted
JaeVee is a platform, asset and project manager that provides 100% funding to experienced property developers and housebuilders. In exchange, we receive 20% of the profit upon the exit of the project being realised (whether that's selling or letting). Therefore if you’re not successful, neither are we.
We provide 100% funding, experience, administration, sales progression, accounting, VAT returns and employers agent and project management in making sure proposed schemes come to life and are delivered. We find experienced property developers and housebuilders often have more opportunities than funds; this is where JaeVee comes in. To enable those property developers to take advantage of opportunities as they arise.
JaeVee prefers to work with property developers and house builders that are on their second, third, fourth, and fifth + projects. We do however recognise that every expert started out as a beginner so we have put together an online learning platform to help newbies learn about property development. If you are new to property development, you'll need to grow organically starting off with a small scale development, which we'll teach you how to find via our learning platform.
You will receive up to 50% of the profit due from the project, be it sale, rental or business income without putting any of your own money in. We do not charge interest on equity; only the senior debt and mezzanine debt facilities charge interest on a utilisation basis. Your minimum share of the profit is 40%.
Yes, you’re able to put in capital towards your project which would result in your shareholding increasing. You're able to do this via our equity platform once the project is available for funding.
Once you’ve signed up to JaeVee, you can create and send us proposals via our platform.
It’s a mere investment on your part of £210+VAT to submit a proposal, which covers our administration fee for reviewing it. It’s also to make sure you’re serious. Upon successful completion of the purchase for your proposed scheme, this fee is refunded to you.
If you'd like to know whether your proposal is one for us, without having to pay the cost of a proposal upfront, simply email the feasibility of your scheme or investment, along with the plans and your Developer CV. We'll also provide key headline figures, showing what your share of the profits could look like, to help you make up your mind. Should you then be looking to proceed, you'll need to submit a proposal to take things to the next stage.
This is how it works from start to finish.
Absolutely. Proposal support is on hand and can be requested at anytime.
Yes. Once you’ve created a proposal there’s an option to boost it to the front of the queue so our investment analysts look at yours first.
We’ll notify you, however rather than just rejecting it we tend to offer suggestions on how to get it approved.
No. We select the solicitors from our in-house panel. It’s essential we have some processes streamlined to avoid mistakes.
We work closely with finance brokers on a daily basis so if you'd like your broker to refer your scheme to us then please ask them to complete the form on our introducer page.
We invest in both residential and non-residential schemes. Please review our criteria page for more information.
Ideally, we like to stick to opportunities that have planning permission or permitted development rights. If planning is due to be issued, we will also look at it and potentially approve subject to the planning permission being issued.
Yes. On top of our online learning platform, our in-house project management team can talk you through what you need to do and when you need to do it. It's important to remember we're only successful when you are so it's in both our interests for you to succeed. Whether you're successfully selling or renting and managing properties, we want to see exit strategies achieved within 6-60 months.
We oversee the lifecycle of the development from start to finish to ensure each scheme achieves an exit. Find out how it works.
If you’re a high net worth or sophisticated investor, you can invest in the project(s) of your choice via our joint venture equity platform.
As you're the lead property developer responsible for delivering the scheme, you're required to provide a personal guarantee, which is capped at 20% of the senior and mezzanine debt facility amount. On average the total debt amount is around 60-65% of the GDV.
Joint venturing with JaeVee helps to avoid a scenario where the senior debt lender calls in your guarantee because we monitor the progress on a monthly basis. Therefore if it appears you're not on schedule, we would step in and take over the project to protect our investors equity.
Essentially, this is dictated by your experience and track record. If you have a track record in delivering 50+ unit schemes, then we will joint venture with you (upon successful due diligence), on 50+ unit schemes. If you have a proven track record delivering 10+ unit schemes, we can support you on your first 20-25+ unit scheme. In terms of individual dwelling sales, we prefer the sales price to be less than £1m+. Unless you're able to demonstrate a regular flow of sales.
We look for a minimum return on capital of 20% on our Sell for Profit product and 10% yield on our Let & Hold product. Before you submit your proposal, we will provide you with some headline figures for your consideration.
We generally look for an exit within 6-60 months, which is measured against total capital in, security, risk, inflation, macro / micro economics and profitability.
Our analyst team have predefined due diligence checklists for each property development scheme presented to us. Typically, when sending a scheme to JaeVee you will be expected to provide a feasibility study, the project plans, your developer CV (showing your track record) and your assets and liability statement.
Initially, you will pay for the red book valuation, initial report and searches. Should there be any surveys required to enable a positive report on title, then you will be expected to cover the cost. Once we've completed on the purchase, you will be reimbursed upon evidencing payments. These costs form part of the SPV cost.
Ideally, being that you'll be the lead property developer or housebuilder responsible for delivering the project, we recommend that you live within a 50 mile radius of any proposed project.
It depends on your level of experience and insurances. If you have successfully managed projects with suitable professional indemnity insurance in place then you're able to charge a maximum 2.5% of the construction costs. This fee is payable across the development programme, in installments. The amount comes from the professional fee fund allocated.
Should you wish to solely be the developer or housebuilder, then JaeVee is also able to project manage the development.
Absolutely. We recognise our property developers and housebuilders have different ways of working therefore JaeVee is able to project manage the development.
Should JaeVee project manage the development, you're able to earn up to 50% of the net profits once the exit has been achieved. If you have a scheme in mind, find out what those profits could look like by using our online joint venture calculator.
When you submit a proposal it's important to upload all the requested documents in order for JaeVee to validate your proposal. Our service level agreement in reviewing proposals to make decisions is 5 working days from the validation date. Therefore, it's important you respond quickly to our validation requests, which will outline any documents needed to validate your proposal.
When your proposal is accepted, an agreement in principle (AIP) will be issued. This will outline our heads of terms. In order to accept, a £500 commitment fee is payable. This is refundable upon completion of the purchase or should JaeVee withdraw our offer. Should you withdraw, the commitment fee is non-refundable.
Once you've signed the AIP, it can take up to 6-8 weeks to exchange and complete dependent upon the depth of surveys and legals involved. A red book valuation is also required. Our company policy is to exchange and complete on the same day. To enable this, both the shareholder and development agreements are issued once you've returned the signed AIP and paid the commitment fee.
We appreciate there can be delays in the world of property development. Some won't be in your control, whereas some will. Typical delays can be caused by delays in planning conditions being submitted, detailed designs not being issued, poor procurement schedules, and programmes not being kept to.
We help to mitigate those by overseeing the programme from start to finish, though as the property developer or housebuilder the onus is on you to do the work. Should we feel there is neglect being applied, we serve you with a rectification notice which gives you 4 weeks to rectify the issue. Ultimately, everything is in your hands.
To provide some guidance, this is why it's vitally important to select a competent and experienced professional team that's not made up of one man bands. We assist you from the outset in making sure the correct professional team has been selected and all for market prices.
The shareholder agreement is an agreement entered into between all the shareholders - you as the property developer, JaeVee and the equity investor line. It regulates the relationship between the shareholders, the management of the SPV, ownership of the ordinary shares and the protection of the shareholders. It also governs the way in which the SPV is run.
The development agreement is entered into by you as the property developer or house builder and the SPV. It is used to set out your obligations. The agreement details the proposed scheme you're going to build, the timeframes they are to be carried out as well as the level of input each party will have during the process.
A newly formed UK limited company is created to act as a Special Purpose Vehicle (SPV) for each venture. As the Property Developer, you will hold 40%-50% ordinary shares of the SPV (dependent on the model chosen) with matters requiring consent being 81%. This structure protects all parties. A development agreement is also executed which details what you will be delivering and by when.
There are two directors of the SPV; one is you as the Property Developer and the other a Director of JaeVee. All funds are controlled by JaeVee. You reward is 40-50% of the development profits for achieving the exit. Both the profit and any rental or business income generated is distributed according to the shareholding amounts.
As you'll be the the property developer or house builder, once you submit a proposal as part of our due diligence process, JaeVee will conduct a credit check to confirm eligibility.
Yes. Please see our online learning system.
JaeVee is a trading name of Estateducation Ventures Ltd, registered in England & Wales with company number 10172481.
The registered office of the company is Studio 9 Netherconesford, 93-95 King Street, Norwich, NR1 1PW.
Estateducation Ventures Ltd (10172481) undertakes both regulated and unregulated business. Business activities described in the ‘Invest’ section of this website are considered regulated business. All other sections are considered unregulated. Note that senior debt and mezzanine finance is arranged by Teal Finance Ltd (registered in England and Wales no. 11305739), which is not authorised and regulated by the Financial Conduct Authority.
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