Financing new construction
- Apply for funding quickly and easily
- Business mortgage without a bank
- Real estate as the most important criterion
- Affordable interest from 6.0%
- Limited repayment pressure
- Penalty-free repayment possible at any time
- Different durations possible
Take out a new-build mortgage with Briqwise
How do you apply for your new-build mortgage?
Financing new construction in 6 steps
Important before applying for a new build mortgage
Amortization free for 50% of the new-build mortgage
Starting or refinancing your new build project
Our statistics
$ 406m+
700+
Avg <14 days
97%+
The benefits of new construction financing with Briqwise
Speed
Flexibility
Real estate as the most important assessment criterion
High success rate
From 100k and an LTV up to 70%
Personal contact
Latest blogs
Frequently asked questions about financing farmland
How long does it take to apply for funding?
We aim to achieve financing as soon as possible after receipt of the application. This can be achieved within a few days. However, this also depends mainly on the pace at which you provide the necessary information.
The first step in the application process is to fill in the details on the application form. After receiving this information, an initial assessment will take place within one business day and, if the policy is positive, we will send you a financing plan. If this funding setup is in line with your expectations, after receiving any missing documentation, we will further work out the file and our Letter of Consent will follow. This states all the terms and conditions of the financing. As soon as you sign this Consent Letter, we will contact our investors and they will be able to claim the funding. This is usually fast, but the period that stands for this varies and depends on the financing offered.
After an investor has claimed the financing, we start the notarial process.
What information do I need to provide?
Initially you only need to provide the most important information about the property to be financed. See the application form.
Later, we will require more information such as:
- A valuation report prepared by an approved and certified appraiser
- Any lease agreements
- Your most recent Income Tax Return
- Recent financial statements
- A copy of your identification
- A recent excerpt from the Commercial Register
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.
How well is my data protected with Briqwise?
Briqwise adheres to all requirements regarding the protection of data contained in the General Data Protection Regulation (GDPR).
Who finances real estate?
Your property is financed by a Briqwise investor instead of a bank. The mortgage deed passes to the notary and you pay interest and repayment to the investor.
How can I apply for financing with Briqwise?
You can apply for financing on the website by filling out the application form.
If Briqwise’s evaluation of your application is positive, we will contact you to make an appointment. During the intake interview, we meet and discuss the property and your company. In preparation for our meeting, we’ll need you to provide information including annual financials (cash flow, profitability, solvency etc) an Income Tax Return and any publicly available information such as land tax.
If we both choose to move forward, Briqwise will prepare a quotation. After signing, we’ll prepare an Engagement Letter that contains information about you, the financing, and the property. Then we will make the financing available on our website and send the Information Memorandum to interested investors. If an investor makes a claim for your financing, an appointment will be made with a solicitor, after which you will receive your loan.
Then Briqwise will manage the loan and collect monthly instalments.
What does financing with Briqwise cost?
All financing costs for property buyers are listed on the fees page of the website.
Will my data be accessible to everyone?
Data concerning the property (photos, use, location, and the like) as well as the financing (loan amount, term, interest rate percentage, and the like) will be made available on the Briqwise website and will be accessible to anyone. An appraisal report, data about your company and personal information will only be provided to investors who have been accepted by Briqwise interested in providing finance.
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.
Briqwise, your partner for business dreams
Whether you are an entrepreneur, business owner, real estate developer, investor, hospitality entrepreneur, retail entrepreneur, office space tenant or real estate advisor, financing is often the crucial factor in realising new construction projects for your business real estate.
Here, we take you into the world of financing new buildings and show you how Briqwise can support you at every step of the financing process.