Client
JaeVee is a prop-tech business based in Norwich, UK. As one of the co-founders, I worked on the JaeVee project from the very beginning when they needed a proposal app to provide property developers with the opportunity to apply for 100% development finance.
They are the UK’s first facilitator, asset & project manager between property developers, investors and senior debt lenders.
Their joint venture platform provides investors and developers opportunities in the UK property market from the comfort of their own home, around the globe.
Producing the proposal app
Firstly, I began building 8 sections to split the data acquisition into manageable chunks. They were:
Company – For setting details about the company submitting the application and it’s experience with property development.
Property – For setting the property details, most notably, composition, investment strategy and status of current property purchase.
Construction – For setting the construction cost, timescale and proposed floor plans. This worked in tandem with the finances section to determine the viability of the project from the build loan standpoint.
Finances – For setting all the financial figures involved in the project and a choice of either the 40% or 50% funding model. Above all, it confirms the viability of the project from a financial perspective.
Team – For setting the team behind the project. The experience of the team is vital for accessing funds through senior debt lenders.
Images – For uploading existing and proposed images. In addition, this allows the acquisitions team to spot any potential eyesores, which could potentially hinder the development.
Documents – For uploading documents that support the application. Above all, this allows the acquisition team to request any document that they need.
Review – For checking the feasibility and data before submission, which allows the applicant to review the details. Additionally, the applicant can see a quick feasibility based on the financials submitted to confirm whether the project exceeds the minimum margins.
Proposal app internal processes
The acquisitions team review the proposal, once it is submitted by a developer. As part of their due diligence, they check 100+ variables during the review, including document validation.
In addition, different tasks are generated for different departments to manage the project effectively. This ensures the project is kept on track and proceeds to the next stage of the joint venture; raising funds for the development.
Since its launch in February 2018, the proposal app and JaeVee team has processed 400+ proposals.
Work included
- Database administration
- Web design & build
- Transactional emails
- Real-time notifications
- Account/Session management
- Document uploads/validation
- Auditing/reporting facility
