JaeVee CEO Returns 83.61% To Investors
Last updated 30/04/2019
Ben James Smith, the CEO and Co-Founder of JaeVee, has recently achieved a return on investment to investors of 83.61%, which was net of corporation tax.
The development involved the conversion of a grade II statutory listed building into 9 dwellings, which were all sold on the open market above the original targeted GDV amount. The property was acquired in April 2017 with the construction starting later that year. 77% of the properties were sold during construction with the remaining properties being sold once completed. In total, from start to finish, the turnaround time from investment of capital was 24 months thus making the annualised return 41.80%.
Such an annualised return on capital is difficult for investors to achieve via other instruments such as bonds, stocks, peer to peer and traditional buy to let investments. This is why joint venturing with experienced property developers like Ben makes sense from an investor's point of view.
Ben has been developing property since his early 20's and benefits from extensive know how and skill sets. It was as a result of conducting joint ventures with his investor partners that the idea of JaeVee was born. Since its launch, JaeVee's current pipeline of development projects are on target to achieve an annualised return to investors on their capital of 52.60%.
Find out more about investing in some of JaeVee's current projects.