You want your real estate ambitions financed through a bank, but the process takes forever… and then they say no. Or you are looking for a safe investment for your money because you pay negative interest! Meet Briqwise Real Estate Financing. We offer the solution to both problems.
Briqwise: the platform for property financing
The Briqwise platform brings together people looking for finance to purchase real estate and investors looking for a safe investment opportunity offering attractive returns. The buyer would like to finance real estate using the property as collateral – ideally with attractive flexible conditions and affordable interest. The investor is looking for a safe and reliable way to make a good return on his capital.
Briqwise brings the two parties together. When there is a positive match, the investor lends his money to the buyer with the property as collateral. Briqwise provides a smooth and transparent process covering the settlement of financial, legal and administrative details. From beginning to end. and it’s all done without the intervention of a bank and the associated time-consuming hassle.
In many cases, the buyer receives financing within a few days with attractive flexible conditions and at an affordable interest rate. The investor, in turn, is assured of a low-risk investment and can look forward to high returns.
In short, a win/win for both parties.
Real estate finance for SME’s/Business Entrepreneurs quickly and easily
With all the knowledge and experience in setting up commercial internet platforms and the banking sector, Pieter Porte and Frank van Dongen, together with Guus Oerlemans, founded Briqwise in 2018. Briqwise bridges the gap between entrepreneurs who need real estate financing and investors who are looking for a low risk investment with an attractive return.
“Given the growth from five million euros in the first year to twenty million in the second year of our existence, Briqwise has certainly filled a gap in the market.” say Porte and Van Dongen. “The real estate that serves as security for the financing varies from office buildings, to warehouses, work premises, and more.”
Van Dongen continues: “We use a banking method for credit assessment, with the same care and attention to detail, but much faster. The emphasis is on the external assessment of the property itself. Solid for the investor, clear for the borrower.” This also ensures that the investor not only gets a feeling for the borrower he is financing, but also for the real estate that serves as security. This also makes investing a lot more personal.”
Simplicity in financing: fixed interest, minimum $100,000 with no hassle
At Briqwise our simplicity and transparency provides clarity. The interest can be different per project. The risk profile is low; we apply a conservative Loan-To-Value ration of 75% of its value. In practice, this is often around 50%. It’s paramount that an independent party does the appraisal of the property in order to be able to assess the quality accurately.
Financing can be requested and provided from $100,000. This is also the minimum investment for investors. An investor can provide financing alone or together with other investors. That is called a Club deal. Briqwise always guarantees the payment of the monthly instalments, so if a borrower is unable to pay the monthly interest and repayment, Briqwise will do so – over the entire term of the financing. And if the borrower cannot meet their obligations, Briqwise will arrange the foreclosure, with the first mortgage security covering the investor.
For borrowers there is a choice of different terms, competitive interest rates and it is possible to make extra repayments on the principal without penalty. This ensures optimal freedom.
Focus on IT and international growth
After the first successful years, Briqwise will focus on the scalability of the platform in the coming period. Borrowers now receive an answer within a few hours whether the financing is feasible. If the answer is positive, the financing is often arranged within a few days. Porte: “Supported by IT, but always personal. Financing remains a human work and Briqwise is committed to working together with both its investors and its borrowers in a good atmosphere. The team is always fully committed to achieving the desired financing ”.
Briqwise’s ambitions are great and extend far beyond the Netherlands. Oerlemans observes: “Of course we want to grow our portfolio in the Netherlands, if growth continues like it has, we will have to close to 100 million in loans this year. But the scalability of the platform also makes foreign countries beckon. Our first expansion is in Australia, with the platform will be launched there in May. In my opinion, at least one country will be added every year for the next 5 years”.
The founders have proven in practice that their proposition is successful in the market and that they can take a solid position in it. They are now focusing on further expansion of their portfolio.
Entrepreneurs and investors can register at briqwise.com.
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- Briqwise: the platform for property financing
