Do you need a construction loan? Up to 70% LVR

From $1,000,000

With a Briqwise construction loan, you can easily and quickly get the financing you need to modernise or expand your property portfolio. Whether you need more space, want to renovate, or want to adapt your property to changing business needs, we offer flexible and customised financing solutions. Thanks to our fast and transparent process, you have quick access to the necessary capital, so that your renovation can start without delay and your company is ready for the future.

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Take out a construction loan with Briqwise

At Briqwise, we understand that improving and expanding your business space can be an important step in growing your business. Whether you need more space for production, want to modernise your building or create a new look for customers, a construction loan can help you achieve this. We offer flexible financing options that are specifically tailored to your company's renovation plans.

With Briqwise, you get access to the resources you need to renovate your business premises without burdening your company's cash flow. Our application process is simple and fast, so you can focus on what really matters: growing your business.

How do you apply for a construction loan?

Applying for a construction loan from Briqwise is easy and fast. Complete our online application form with the necessary information about your business space and the renovation plans so we can get a good idea of your project and the required funding.

After you submit your request, our experts will immediately start assessing your plans. Our goal is to provide you with clarity about your financing options as soon as possible, so that you can get started with the renovation right away. At Briqwise, we ensure that the process is handled seamlessly, so that you can concentrate on realising your plans.

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6 steps to a construction loan

Getting funding for your project through Briqwise is easier than you think. With our step-by-step process, we guide you from start to finish, so that you can realise your construction project without stress. Wondering how it works? Here are the six steps:

Submit a request

The adventure starts with submitting your application. You can easily do this via the registration form, where you fill in some basic information about yourself and the property. You will have this arranged in no time, and you can already dream about your construction project.

Property assessment

After your request has been received, we will start assessing the property. Our experts look at the value and potential of your construction project. This is an important step, because it determines how much you can borrow. But don't worry, we'll keep you up to date all the time.

Approval

If the review is positive, your application will be approved.

Placement on the platform

We then place your project on our platform, where investors can view the submission and decide whether they want to invest. This makes our process unique and flexible, because we work with a broad network of investors.

Matching investor (s)

Now comes the exciting part: finding the right investors. Thanks to our platform and network, this is usually very fast. Investors see the potential in your development property and want to contribute to your dream. Before you know it, your funding will be complete.

Payout

The final step is the payout. Once the investors have been secured, you will be paid the required amount. Now you can finally get started with your project.

With these six steps, Briqwise makes getting a loan for your construction project simple and clear. We'll guide you through every step, so you always know where you stand. Ready to get started? Submit your application today and take the first step towards your construction project!

What to consider before applying for a construction loan

With or without a broker

When applying for a business renovation loan, you can choose to do this with or without an intermediary. An intermediary can be useful if you want extra advice on the best financing options for your situation. They can guide you through the process and make sure you get the most favorable terms.

On the other hand, you can also apply for a construction loan directly from Briqwise, without the intervention of an intermediary. This saves you costs and gives you full control over the application process. Whichever option you choose, we'll make sure the process runs smoothly and that you quickly have the financing you need to complete your business renovation.

Renovate or build new business premises

Are you hesitating between renovating your current business premises or building a new space from scratch? Both options have their benefits, depending on your goals and budget. Renovating an existing building can be more cost efficient and is generally completed faster, especially if the basis of the building is in good condition. Additionally, a renovation can increase the value of your building, all while improving day-to-day functionality.

New construction, on the other hand, gives you the opportunity to create a fully customised space that meets the exact needs of your company. While this offers more flexibility it can involve higher costs and longer lead times. At Briqwise, we offer financing solutions for both renovation and new construction projects. We can help you make the right choice and ensure that your financing is arranged smoothly and quickly.

Amortisation free for 50% of the construction loan

At Briqwise, we offer the possibility to keep up to 50% of your business renovation loan amortisation free. This means that during the term of the loan, you only pay interest on this part of the financing, without repaying the principal. This offers you the financial space to complete your renovation project without having to make major payments immediately.

This option is especially useful if you expect the renovation to generate more income in the long run or significantly increase the value of the property. With an interest-only loan with Briqwise, you can benefit from lower monthly payments and more flexibility during the renovation period, while at the same time working on growing your business.

Construction loan interest rate

When applying for a business renovation loan, the interest rate is an important aspect to take into account. At Briqwise, we offer competitive and transparent interest rates that match the nature of your renovation project and the duration of the loan. The interest rate is determined based on various factors, such as the value of the property, the size of the renovation and the risk assessment of the project.

Our focus is on offering flexible interest rates so you don't have any surprises. With a clear interest rate and clear conditions, you know exactly what to expect. This way, you can invest in your business renovation with confidence, knowing that your monthly expenses are easy to control.

Modernise or expand your business premises

Are you considering modernising or expanding your business premises? Both options can help you increase the value of your property and take your business to the next level. Modernisation can make your building more energy efficient and functional, all while leaving a great impression on customers. This is often possible with relatively low costs and within a short period of time.

On the other hand, an extension offers the opportunity to enlarge your business premises and create more space for growth, extra staff or new services. This may require a larger investment in the long term, but offers more opportunities for expansion. At Briqwise, we offer financing options for both modernisation and expansion of your business premises. We help you find the right financing solution to successfully realise your plans.

Our statistics

Since 2019, Briqwise has been ensuring that entrepreneurs realise their dreams and investors secure their financial future. Transparent and hassle-free, that's us.

$ 500m+

Funded volume

750+

Funded loans

<7 days

From application to approval

98%+

Funding success rate

*This data has been compiled by Briqwise and shows historical data up to April 2024.

Entrepreneur talking

How do you arrange financing for your business premises?

Six years ago I started my own skin therapy practice. We were doing well – growing fast and needing extra space. So we started looking to buy a business premises with more room and as a pension provision.

Doortje about Briqwise

The benefits of a construction loan with Briqwise

Are you ready to make your dream of a project a reality? At Briqwise, we like to make it easy for you. Our mortgage options for developments offer numerous benefits tailored to your needs and wishes.

Speed

One of the biggest advantages of taking out a construction loan with Briqwise is our ability to act fast. With speed underpinning our assessments you can enjoy clarity surrounding your request in no time. Such efficient processes means that your plans can become a reality sooner.

Flexibility

Briqwise offers flexible solutions for those looking for a construction loan. The needs of every business are vast and unique and our processes take these individual characteristics into consideration. The result? A construction loan that has been customised to adapt to your specific situation.

Real estate security only

Another unique advantage is that we use real estate only as the most important assessment criterion. This means that we look at the value and potential of your development project, which significantly increases the chances of successful application. This allows you to secure the financing without worries.

High success rate

Thanks to our unique approach and focus on real estate, you have a great chance of success at Briqwise. We look beyond traditional banks and offer solutions that really work for entrepreneurs and real estate developers.

From 500k and an LVR up to 70%

With funding from 500k and an LVR up to 70%, we offer solutions that suit a wide range of budgets and needs. Discover the benefits of a construction loan with Briqwise today and take the first step in unlocking the potential of your renovation or development project.

Personal contact

Personal contact is also our top priority. Although we've automated a lot of processes to ensure speed, we think it's important that you can always speak to someone for advice and guidance. This ensures that you never feel lost in the process.

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29/10/2024

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14/1/2022

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How do you finance real estate if the bank says' no 'to your request for financing? We've outlined the most common alternatives below:

FAQs about building development loans

What documentation do I need to provide?

Initially, you provide the most important information about the collateral to be financed and the desired loan amount via the application form.

After that, we need more information from you, such as:
* A valuation report prepared by a certified appraiser
* Copy of ID
* Lease agreements (when the property is rented)
* Purchase contract (upon purchase)

Are you applying for funding through your company? Then we need more:
* Recent financial statements

What are the costs of an application?

More details about the costs can be found on our rates page.

How long does a journey via Briqwise take?

You will always receive an indication of the feasibility and financing conditions within 24 hours. We will then complete the file and will be happy to schedule an appointment with you afterwards. The sooner you provide the necessary documentation, the faster we can switch. Our internal review takes 2 business days. After that, you will receive our Consent Letter, or the quote. Once you have signed this letter, we will approach our investor pool. Most applications are claimed within a few days. Has the investor legally confirmed his claim? Then we send the file to the notary.

What information do investors see?

At Briqwise, we draw up a so-called Information Memorandum. In this document, we write about the funding goal, 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 request investors who are interested in providing the funding. Approval of this memorandum takes place while signing your Consent Letter.

The information in the memorandum will not appear on our website and can only be requested by investors who are connected to the Briqwise platform.

Can my financial advisor or intermediary submit an application on my behalf?

Definitely! Intermediaries that are known to us can submit a financing request via the intermediary portal. Is this the first time that your advisor works with Briqwise? Through our brokers page he or she simply creates an account.

What types of properties can be financed?

Whether properties for rent, properties for personal use or a combination of both: they are all welcome at Briqwise. (Commercial) homes, business units, office buildings, recreational real estate, hospitality properties, retail real estate, combination buildings, agricultural companies or agricultural land: almost any form of business real estate can be considered collateral for us. Real estate that we do exclude are properties related to the sex industry, (soft) drugs or the arms industry.

How does penalty-free repayment work and what are the benefits?

Financing provided via our platform can be repaid without penalty. This means that you can repay the loans you borrow through Briqwise without having to pay a penalty. How nice is that?! Do you want to make use of extra repayments? These are always deducted on the interest due date. This falls on the last day of the month.

The advantage of penalty-free repayments is that you are extremely flexible with your business. For example, are you having a good year and therefore money left over? Then you can make extra payments on your financing without penalty. Are you on the other hand financially? Then you won't pay extra, no problem. Extra repayment is nice because it reduces your monthly interest burden. For example, interest is only charged on the outstanding loan amount.

What are the requirements for a business mortgage?

Requirements may vary, but our team will guide you through the entire process and ensure that you meet all necessary conditions.

Also a business mortgage, without a bank?

Are you an entrepreneur looking for a mortgage for your business or investment property? Would you like to know more about the business financing options for your company with real estate as collateral?

Check your options

Personal contact with Kamsen?

Bel +61 400 828 848 of

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