Development Loan

Renovate or build a new building

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 get financing quickly and without hassle.

Apply for a loan

Take out a building development loan with Briqwise

At Briqwise, we understand that starting a project is an exciting and challenging endeavor. Whether you have a small-scale project or are planning a larger development, our mortgage solutions for building developments give you the financial space to make your plans a reality. We provide a fast and transparent process, so you can get started right away. With Briqwise, you know where you stand and you can count on flexible and reliable financing for your construction project.

How do you apply for development financing?

Applying for a mortgage for your project with Briqwise is easy. You'll start by filling out our online application form, specifying the details of your project and your financial situation. As soon as we receive your request, we will quickly start assessing it. Our experienced team guides you through every step of the process and ensures that you have clarity about funding within a short time. This way, you can start your construction project without worries, with the security of a mortgage that fits your plans.

Take the rapid test

Building development loans in 6 steps

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 realize your construction project without stress. Wondering how it works? Here are the five 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 development 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 them on our platform. Here, investors can view your project 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 found and everything has been arranged, you will be paid the necessary amount. Now you can finally get started with your project. And best of all? You have nothing to worry about.

With these five steps, Briqwise makes getting a mortgage for your building development 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!

Important before applying for a construction project mortgage

Before you take the plunge to apply for a mortgage for your construction project, there are a few crucial things to consider. Why is this important? It gives you a clear picture of what to expect and helps you make smart choices.

With or without an intermediary

When applying for a mortgage for your construction project, you can choose to do this with or without an intermediary. An intermediary can help you find the best financing option and guide you through the process, which is especially helpful if you haven't funded a construction project before. On the other hand, you can also apply for a mortgage directly from Briqwise without an intermediary. This saves costs and gives you full control over the process. Whichever option you choose, Briqwise is ready to support you with the right financing solution for your construction project.

Amortization free for 50% of the construction project mortgage

An interesting option with Briqwise is that you can keep part of your construction project mortgage-free, up to 50%. This means that you only pay interest on this part of your loan over the term, without having to repay the principal amount each month. This ensures lower monthly costs and more financial space during the construction phase, so that you can invest optimally in your project. This option offers extra flexibility and allows you to successfully complete your construction project with the right financial support from Briqwise.

Start or refinance your construction project

Are you hesitating between starting a new construction project or refinancing an existing one? Both options have their advantages. Starting a new project offers you the opportunity to achieve something completely new and take advantage of the opportunities that new construction offers. However, refinancing can be attractive if you're already working on a project and want to get more favourable terms. At Briqwise, we help you make the best choice that fits your plans and ensure smooth financing, whether you're building or refinancing.

Our statistics

Since 2019, Briqwise has been ensuring that entrepreneurs realize dreams and investors secure their financial future. Sober, no hassle, just do it, that's us.

$ 406m+

Funded volume

700+

Funding provided

Avg <14 days

Application for money in the bank

97%+

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 building development 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 financing a development project with Briqwise is the speed. No one likes long waiting times, right? With us, you will have clarity about your request in no time. Thanks to our efficient process, you can switch quickly and enjoy your new vacation rental.

Flexibility

In addition, we offer enormous flexibility. We have the solution that's right for you. Our range is diverse and adapts to your specific situation. No hassle, just customization.

Real estate as the most important assessment criterion

Another unique advantage is that we use real estate as the most important assessment criterion. This means that we mainly look at the value and potential of your development project, which significantly increases the chances of success of your 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 100k and an LTV up to 70%

With funding from 100k and an LTV up to 70%, we offer solutions that suit a wide range of budgets and needs. So, why should you still have doubts? Discover the benefits of a mortgage for your building development project with Briqwise today and take the first step towards your own piece of paradise.

Personal contact

Personal contact is also our top priority. Although we've automated a lot, 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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14/1/2022

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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?

Call +61 400 828 848 or

Click here to schedule a (video) meeting