In a market once dominated by lending institutions like the four big banks, methods of alternative lending are coming to the fore. With the ability to facilitate faster, more flexible and highly transparent solutions, alternative financing such as property-backed lending is the future. 

With an emphasis on speed, clearly defined processes and adaptability, Briqwise is at the helm of this new phase of lending. Able to act fast when borrowers present with time-sensitive lending requests, Briqwise works with brokers and borrowers to ensure that opportunities can be capitalised on. 

The Shift From Traditional Lending to Private Flexibility

While traditional lending has dominated the Australian market for decades, the modern day borrower is looking for something different. 

What’s driving this shift is the rise in small to medium enterprises (SME) with complex financial needs. As banks typically take a heavily cautious approach to lending, a large section of borrowers no longer meet the stringent criteria. 

With the mindset that property is the most trusted form of security, private lenders are filling the gap left by traditional lenders. By providing property-secured loans, Briqwise enables borrowers to move quickly in order to secure an additional location or start business critical renovations. 

Emerging Trends in Property-Backed Lending

The trend toward commercial lending is becoming the norm due to borrowers becoming more informed and selective. No longer are borrowers exclusively looking to banks for lending solutions, rather, they are prioritising lenders that offer everything from speed and flexibility to integrity.

These demands are underscored by growing requirements for business expansion loans and a need to expedite the approval process by harnessing the power of technology. This enhanced focus on speed, transparency and tailored solutions ensures that property-backed lending through private partnerships will continue to shape the future of lending. 

What These Trends Mean for Brokers

While the lending landscape may be changing to utilise the speed and efficacy that technology provides, brokers remain a central component to the entire process. Acting as an intermediary between lenders and borrowers, brokers provide a network of opportunities and are a trusted source of information. 

With their wealth of knowledge, brokers can educate and prepare borrowers in terms of the processes around lending and how to make deals both faster and smoother. By partnering with Briqwise, brokers can recommend a trusted solution to clients who might have already been turned away by traditional lenders. All of which helps to maintain confidence and reputation.

Looking Ahead: The Future Is Transparent and Fast

For borrowers, trust is an essential factor when it comes to lending. Briqwise facilitates trust by championing open communication and transparent processes. By leading with honesty, brokers and borrowers can understand the necessary steps from the moment the first inquiry is made. 

While this approach lends to fostering trust, it also lays the groundwork needed to action fast lending solutions. When brokers and borrowers alike know the steps required from day one, it becomes quicker and easier to provide the documentation needed to sign off on a deal. 

As the property-backed lending market continues to grow, brokers and borrowers will be looking to partner with commercial lenders that prioritise clarity and collaboration. Above all else, trust will be paramount.

Briqwise is committed to leading this property-backed lending evolution. By combining our expertise with unparalleled levels of efficiency, we can help brokers and borrowers move quickly and confidently into the future.

Balancing Lending Confidence and Innovation

Briqwise is embracing the future of lending in Australia by providing brokers and borrowers with bespoke solutions. Rather than applying a one size fits all mentality to lending, we tailor lending to the borrower’s real needs. This flexibility and adaptability ensures that borrowers can maximise the equity in the property they own to finance other pursuits. 

Collateral based lending can be daunting and seemingly hard to comprehend. This is why Briqwise prioritises transparency. By leading with open and honest communication we can ensure that your journey is clear from the very first enquiry. We also readily collaborate with brokers to ensure that everyone is informed and our goals are aligned.

The Briqwise platform is a technology hub that facilitates everything from speedy communication to online document uploads. This level of innovation provides brokers and borrowers with a one stop shop for applying for and securing lending. All of which works to allow borrowers to move quickly when it matters most.

A Market In Motion 

With traditional banks enforcing strict lending criteria, accessing financial solutions is harder than ever before. Thanks to property-backed lending, brokers and borrowers can explore new, speedy and flexible opportunities. 

Want to see how property-backed lending can help your clients seize opportunities faster? Chat with the Briqwise team today and be part of the future of smarter, faster lending.