London real estate fintech secures £5m underwriting facility ahead of closing Series A round
Summary
Shojin Property Partners, the fintech company that lowers the barriers to entry for individuals looking to access institutional-grade real estate investment opportunities, has closed a £5m underwriting facility. Provided by a fellow London based family office, which has made provision to increase the facility to £10m as dealflow grows, the capital will enable Shojin Property Partners to guarantee finance for new deals before launching them on its global investment platform. The underwriting facility will provide certainty to borrowers and investors, as real estate developers need the funds to be available on the day of completion for the underlying property or land. By underwriting the funding for a specific project in advance of sharing the opportunity with its investor pool, Shojin is able to mitigate any inherent uncertainty in the fundraising process. “As a fintech startup that is already profitable, we look forward to offering more exciting projects for investors as we move to close out our Series A fundraise.” Looking to promote your product/service to SME businesses in your region?