New property funds to offer up 14-19% returns per annum

Andrew Reeves, the property company, has launched five residential property funds that could deliver returns equivalent to 14-19% per annum over the next five to seven years. Minimum investment is £30,000 and there will be a maximum of 50 shareholders in each fund. IFAs will be paid commission at a level yet to be finalised. Each of the five funds will be capitalised at £1.5m, plus will have £2.5m in mortgage lending, to produce a £4m fund for investment in residential property. Within each fund, 75% will be invested in buy to let properties, and the remaining 25% wi...