Are you looking for project financing to build a new dream property? Or do you want to transform your current dream property in the short term? Briqwise helps you with financing quickly and without hassle.
There are always many questions when applying for a loan. We understand that. We have therefore listed the most frequently asked questions from other entrepreneurs. Is your question not listed? Then please contact us.
Financing of commercial transactions can be used for
different purposes:
Purchases – for your business or commercial real estate
Refinancing – as collateral to (re) finance a company debt
New construction – development finance is available
We’ll make every effort to complete the financing as soon
as possible after receiving your financing application. This
can take a minimum of 5 business days, but will depend
on how fast you provide the necessary information and
documentation.
The first step is filling out the application form online. After
receiving this information, our first assessment will take
place – usually within one working day. We will then
forward a scenario document which needs to be
completed. If this scenario document is completed, we will
progress with our Engagement Letter (after receiving of
any missing documentation if necessary).
This contains all the terms and conditions of the financing.
Once you sign it, we will contact our investors and they
will be able to claim the funding. This usually happens
quickly, but the period for this varies and depends on the
financing offered
Later, we will require more information such as:
*A valuation report prepared by an approved and
certified appraiser
*Any lease agreements
*Credit memorandum
*Rates notice
*Purchase contract
*Image of the property
*ID, passport or driver license
*Trust deed
*A&L
When the Financing Agreement is finalised and the
Mortgage Deed completed, a solicitor will process your
proof of identity and search the Land Registry for
information on other mortgages and any restrictions.
At Briqwise we draw up a so-called Information
Memorandum. In this document we write about the
financing purpose, the collateral, your background as an
entrepreneur and the repayment capacity. We also add a
good photo and the terms and conditions of the financing.
This Information Memorandum can be requested by
investors interested in providing the financing. Approving
this memorandum happens when you sign your Letter of
Consent.
The information from the memorandum will not be
published on our website and can only be requested by
investors who are connected to the Briqwise platform.
All financing costs for property buyers are listed on the
fees page of the website
For sure! Brokers known to us can submit a
financing application via the broker portal. Is this the
first time your advisor has worked with Briqwise? He or
she can easily create an account via our broker
page.
Are you a potential commercial property buyer looking for a mortgage for your commercial or investment property? Want to learn more about financing your business premises?
