JaeVee CEO Returns 83.61% To Investors
Last updated 12th June 2019 • JaeVee Marketing • JaeVee
Ben James Smith, the CEO and Founder of JaeVee and Estateducation, has recently achieved a return to investors in a development investment 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 to the project exit was 24 months, 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.
It was as a result of conducting joint ventures with his investor partners that the idea of JaeVee was born.
Ben has been developing property since his early 20's and now has over 15 years of experience in this sector.
Find out more about investing in some of JaeVee's current projects.
Capital is at risk. Past performance is not a guarantee of future performance. You should read the full risk warnings before making any investment. Nothing in this blog should be construed as investment advice.
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