Shojin to launch Jersey-incorporated fund
Shojin plans to launch a Jersey-incorporated fund later this year as part of its plan to expand its core offerings.
Jatin Ondhia (pictured), chief executive and co-founder of Shojin, said that the fund is a logical step to make as the property lender expands.
“We will do the first fund in Jersey, but we are looking at other jurisdictions as well,” Ondhia said.
“Our investors will then be able to buy into a diversified set of projects through one regulated vehicle.”
To date, Shojin has raised over £34m to fund more than £200m worth of real estate development across twenty-nine projects.
While the company’s focus is still largely on UK-based property assets, it has recently expanded in to new jurisdictions such as Israel and India. It has also introduced new products such as a first charge development product and a secondary market.
“Increasing taxes and legislation over the years has led many real estate investors in the UK to seek alternative ways of driving returns in the property market,” said Ondhia.
“By identifying attractive opportunities backed by the highest levels of due diligence, Shojin offers investors an alternative way to invest in construction projects as well as long term bricks and mortar investments – striving to deliver returns superior to those available elsewhere in the market.”
Ondhia added that Shojin will increasingly look at selling senior funding to bigger investors such as family offices, as well as working more closely with the wealth management community.
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