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Meet Devon: experience you can rely on

Nowadays, there are many ways for individuals and companies to allocate their funds and thus make a profit. For many of us, real estate remains one of the most reliable asset classes.

A new platform has been launched - Devon - which is part of MJL Enterprises Group, a real estate developer with roots dating back to 1993.

Through Devon, lenders can provide funding exclusively to projects that are fully managed and developed by MJL Enterprises Group. This ensures a higher level of security for project success and on-time delivery, as MJL Enterprises Group oversees the entire real estate project development cycle - from planning to a happy customer moving in.

A legacy of building confidence

The MJL Enterprises Group team of professionals has completed, or is currently developing, projects totalling over 32,000 m², with a current asset base exceeding €22 million. Over the years, MJL Enterprises Group has earned the trust of prestigious partners, including the European Commission, the Latvian Ministry of Economics (via Altum), major financial institutions, and leading real estate peer-to-peer platforms such as Profitus.

MJL Enterprises Group has a strong track record and takes pride in its full vertical integration across every development project. This means every stage - from land acquisition and planning to construction and final delivery - is managed in-house. Full vertical integration allows MJL Enterprises Group to maintain strict quality control and deliver projects on time, without compromise.

What Makes MJL Enterprises Group Unique

In addition to controlling the full cycle of real estate development, referred to as full vertical integration, MJL Enterprises Group stands out through its innovative construction approach. A key differentiator is modular building technology, with all modules designed and manufactured in-house at MJL Enterprises Group’s affiliated company, Rebalt's production facility.

This method significantly accelerates the construction timeline. For example, a five-story building in Jelgava was erected in under 20 days, after the modules were built. Beyond speed, modular construction ensures superior and consistent quality. Since the modules are built in a controlled factory environment, they are not affected by weather or other external conditions, resulting in greater precision, durability, and energy efficiency.

MJL Enterprises Group’s integration of in-house modular manufacturing with full-scale real estate development allows for streamlined execution, cost efficiency, and uncompromising quality across every project.

Designed for Lenders - Backed by Developers

MJL Enterprises Group has been active in the peer-to-peer (P2P) funding sector for years, having successfully collaborated with platforms such as Estateguru, Crowdestate, and Profitus. More than 1,000 individual lenders have trusted their funds to MJL Enterprises Group through these platforms.

Following these successful funding experiences, Devon was established with a clear mission: to provide a better, simpler, and more transparent lending environment explicitly tailored for lenders.

As Jānis Lagzdiņš, CEO of MJL Enterprises Group, explains:

“Over the years, MJL Enterprises Group has worked with various financing sources - including traditional banks and P2P platforms like Profitus. With an understanding of the peer-to-peer lending landscape, we recognised the need to take control of the funding process ourselves. By doing so, we can offer more favourable terms to our lenders while ensuring full oversight, transparency, and direct communication with everyone. That’s why we created Devon.”

By offering funding opportunities directly, without intermediaries, Devon will provide some of the most attractive interest rates in the real estate P2P market, reaching up to 16% per annum. Eliminating middleman commission fees means better returns for lenders and greater efficiency in the funding process.

Convenience, Confidence, and Ease of Funding

Devon offers lender-friendly features designed to maximise returns, including:

• Early Exit options,
• Daily Returns,
• Interest Capitalisation.

These tools are tailored to provide flexibility and enhance profitability for lenders.

While MJL Enterprises Group’s core expertise remains in building and developing real estate projects, the company understands that lenders value a simple, hassle-free funding experience. That’s why the Devon platform is built to be intuitive and user-friendly, without compromising on the security and protection of lenders’ personal data and funds.

For every project listed on Devon, MJL Enterprises Group provides a Group Guarantee as the primary form of security. This means that if any individual project experiences delays, other entities within the Group are committed to covering the liabilities owed to lenders.

Additionally, MJL Enterprises Group maintains a strong financial commitment to its projects, contributing up to 20% of its capital, commonly referred to as “skin in the game.” This ensures full alignment with lender interests, as MJL Enterprises Group shares the same risks in every project and decision made.

"We believe this is a time when more and more lenders value not only attractive returns, but even a higher level of transparency and direct communication with the actual owners of the assets they invest in. MJL Enterprises Group and Devon offer all of these advantages - starting today," summarises Jānis Lagzdiņš, CEO of MJL Enterprises Group.

We are excited to take this journey together with you.