In just over two years, more than 100 business mortgages have been taken out via Briqwise. And it looks like this number will double every year. So the Briqwise platform is catching on.

What is a business mortgage, for what purpose do you take out such a mortgage, and why, at Briqwise?

What is a business mortgage?

A business mortgage is a business loan that is provided to an SME/Business entrepreneur. The loan can be used to purchase, refinance, or consolidate debt and a property is used as security. The property needs to have a commercial or investment purpose.

Financing your own business premises

Purchasing a business premises can have many advantages for your business. Like  saving on expensive rental costs. Plus you can build equity for the future. For example, a business mortgage could be (partly) used to start saving for retirement.

A business mortgage for the purchase of an investment property

You can take out a business mortgage to finance the purchase of an investment property. An investment property is a property that is purchased with the aim of investing with it. Professional investors, such as Superfund and Real Estate Trust already do this. Private investors also buy investment properties.

Investments are mostly made in buildings that have been, or will be, rented out as a retail, office space, warehousing and homes. In addition to the monthly rental income, the investor relies on future returns from the capital gains of the property.

Business mortgage for refinancing

Another option is when an SME/Business Entrepreneur already owns a commercial property that has been subject to a business mortgage for a number of years, but needs money to make a new investment in his company. Briqwise asses if a refinance is possible. Then the borrower takes out a new mortgage for the existing business premises to obtain working capital using the equity in the property.

Explore your options at Briqwise

So there are several reasons why SME/Business Entrepreneurs look for a business mortgage. Whatever the reason, it is always worth investigating the possibilities at Briqwise. More and more people are doing this, because it is increasingly difficult to obtain loans from a bank.

Briqwise is an online platform that connects SME/Business Entrepreneurs with investors. It’s a win/win for both parties. The borrower who takes out a business mortgage through Briqwise – we call it real estate financing – uses the real estate as security. The loan is flexible with the option of making extra repayments on the principal without penalty.

Apply for your business mortgage here

on the website. Send the necessary information (valuation or details of the property) and we’ll let you know if we can assist swiftly– the turn around is usually within a week of receiving all the necessary documentation.

If you meet the borrowing criteria, we will discuss and finalise the proposal for the business mortgage. Then we present your real estate security and your loan application to the Briqwise investor network. As soon as an investor says “yes”, we instruct the solicitors. Where this process often takes weeks – even months – of being kept in the dark at a bank, you will have clarity on your situation within a few days at Briqwise. We literally offer  “a business mortgage within a week”!