Financing your hospitality property? Up to 70% LVR

Imagine you’ve been dreaming of having your own cafe or restaurant for years and an opportunity arises. Finally, you’ve found the perfect space but, how will you finance this next chapter? At Briqwise, we understand that speed and flexibility are crucial for every hospitality entrepreneur. Offering flexible financing options that fit your business plans, we help you efficiently get the financing needed to make your dream a reality.

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Take out a mortgage for your hospitality property with Briqwise

Briqwise offers business mortgages for your hospitality property that are specifically tailored to your needs as an entrepreneur. No hassle, just personal contact and customisation. Whether you're an experienced hospitality entrepreneur or just starting your new business, we'll help you quickly get to your dream. Why wait for a traditional bank when you can start today? Discover the opportunities at Briqwise and take the first step towards success today.

How do you apply for financing your hospitality property?

It's very simple: do the quick scan, provide your project details, and we will respond to your request within 24 hours. It's all about speed, flexibility and personal contact, so you can fully focus on realising your dream. The goal is to ultimately bring you into contact with potential investors with no complicated procedures or long waiting times.

So why opt for a traditional business loan when Briqwise offers you a faster and more personalised solution? At Briqwise, we focus on your growth and provide the support you need to succeed.

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A hospitality property mortgage in 6 steps

How exactly does a business mortgage for your hospitality property work at Briqwise?

Submit a request

It all starts with submitting your application. Simply go to the quick scan and fill out the registration form. Here you will be prompted to provide basic information about yourself and your hospitality property. It’s quick and easy and can be submitted in a few minutes. Finalise your request and take the first step toward realising your hospitality dream.

Property assessment

Once our team receives your request we will start assessing the property. We look at the location, the condition of the building and your business plans. This helps us get a good idea of your project and attract the right investors. This step is crucial to ensuring that everything is well organised.

Approval

After the assessment is finalised, our team will contact you to let you know if your application is approved.

Placement on the platform

Once your request is approved, we’ll post your project on our platform. This is when investors can see your project and consider funding it. The platform offers a clear presentation of your hospitality property, so that investors can quickly get an accurate picture of your project.

Matching investor (s)

Now comes the exciting part, finding investors. On our platform, interested investors can indicate whether they want to invest in your project. Thanks to our extensive network of investors, you have a great chance of finding the necessary financing quickly. And with a 97% funding success rate, chances are you’ll find investors quickly.

Payout

Once we have found investors for you and the associated processes are complete, the payout will follow. This means that you receive the funding and can start building your hospitality property. The terms and conditions are purposefully clear and transparent so you know exactly where you stand. At Briqwise, we ensure that the process runs smoothly, so you can focus on your business. On average, less than 14 days after your request is submitted on our platform, you will have the money in the bank.

With these six steps, getting a mortgage for your hospitality property through Briqwise is simple and clear. We’re here to help you every step of the way. This way, you can quickly start turning your hospitality dream into a reality.

Important information to know before applying for hospitality property financing

Before you take the plunge and apply for a mortgage for your hospitality property, there are a few crucial things to consider. This way, you have a clear picture of what to expect, all of which helps you make smart choices.

With or without an intermediary

Now that you’ve decided to apply for hospitality property financing, the next question is whether you want to work with or without an intermediary. An intermediary can take a lot of work off your hands and often has access to better deals. They can help you find the best financing options and negotiate with investors. On the other hand, an intermediary costs money and it is sometimes just as effective to negotiate directly with investors yourself. At Briqwise, we offer both options, so you can choose what suits you best.

Renovate or build new your hospitality building

When applying for a mortgage for your hospitality property, you can choose between renovating an existing premises or building a new one. Renovation can be attractive because you can use existing structures, which can minimise costs. However, new construction offers the possibility to design and furnish everything exactly according to your needs. Both options have their own advantages and disadvantages, and it's important to consider what best suits your vision and budget.

Buying or refinancing your hospitality property

Are you about to buy a hospitality property or are you considering refinancing your existing property? When buying a new property, you get the chance to find and decorate your dream location the way you want. Refinancing, on the other hand, can be beneficial to get better terms on your existing mortgage, such as a lower interest rate. It is important to properly calculate the financial implications of both scenarios.

Amortisation free for 50% of your hospitality property's mortgage

Did you know that with Briqwise, you can make up to 50% of your mortgage amortisation free? This means that you only pay interest on this part of the loan over the life of the mortgage, so that your monthly costs are lower. This can be an attractive option if you want to optimise your company's cash flow, especially in the start-up phase.

Our statistics

Since 2019, Briqwise has ensured 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.

Briqwise Success Stories

All these entrepreneurs do what they are good at, doing business. We are proud to contribute to this. Briqwise has built up a lot of knowledge in the field of hospitality property financing and ensures that your money keeps moving.

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 hospitality property financing with Briqwise

Why should you choose Briqwise for your hospitality property mortgage? The answer is simple: we offer solutions that are tailored to your specific needs as a hospitality entrepreneur. Our unique benefits combine to ensure you find the right solutions to turn your dream into a reality.

Speed and flexibility

At Briqwise, we understand that time is money. That's why we ensure that your mortgage application is processed very quickly. No months-long waiting times, but switching quickly so you can start planning right away. What's more, we are flexible. Whether you want to open a large restaurant or a small café, we adapt to your situation.

A customised solution

What makes us different from traditional banks? We mainly look at the property itself as the most important assessment criterion. This means that we assess your project on its own merits, which significantly increases the success rate of your application. This way, you get exactly the financing that suits you, without unnecessary hassle.

Hassle-free

Applying for a mortgage with Briqwise is simple and hassle-free. Our automated system ensures that you go through the process quickly, but we never lose sight of personal contact. Our team is always here to help whenever you have questions

Personal contact

Although we have automated a lot, we find personal contact extremely important. At Briqwise, you get a fixed point of contact who knows you and your situation. No anonymous help desks, but real people who think alongside you and support you at every step of the process. For the short term as well as for the long term.

Financing from 500k and an LVR up to 70%

At Briqwise, we offer financing from $500,000, with a Loan-to-Value (LVR) ratio of up to 70%. This means that you can still achieve your dream project with relatively little personal input. Our terms and conditions are clear and transparent, so you know exactly where you stand.

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Frequently asked questions about financing a hospitality property

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.

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.

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 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).

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.

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.

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What does financing with Briqwise cost?

All financing costs for property buyers are listed on the fees page of the website.

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.

Are you financing my hospitality property?

Are you ready to realize your hospitality dream and do you need financing? At Briqwise, we're here to help you! Whether you want to start a cafe, restaurant, or other hospitality business, we offer the flexible and fast business mortgage solutions you need.

Why wait? Take the first step today and discover how easy it is to finance your hospitality property. Click here to submit your request right away, or contact us for more information. Our team of experts is here to answer all your questions and guide you through every step of the process.

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Call +61 400 828 848 or

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