Briqwise helped me buy my business property

After working as an employee for a while, I had the opportunity to take over the company where I worked. I seized that opportunity with both hands. Since I was at the helm myself, the business has been going fast!
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Entrepreneur Jack speaks
“That was exciting, because when the funding request was placed on the Briqwise platform, we only had a few days before the deadline ended.”

I seized that opportunity with both hands.

“After working as an employee, I had the opportunity to take over the company where I worked. Since I took over the reins, the business has been going gangbusters! We’re acquiring new customers and the workforce has expanded.

Our current workplace was bursting at the seams when a business building came on the market. It was the perfect place for us in the perfect location! I had to buy that property. The seller and I quickly agreed and concluded a provisional purchase contract. I thought I’d simply call my bank for some financing and it would be done.

A major setback

Or so I thought. My bank rejected my application, despite the excellent growth and bright future prognosis of my business. Their reason was “It is too soon after the takeover to finance a building right now.” I hadn’t counted on this at all. This immediately created time pressure with the expiry of the financing reservation in the purchase contract looming.

The next day, Briqwise was already sitting at our table.

My accountant knew an advisor in his network who helps out entrepreneurs. He had already worked with Briqwise in the past and organised a meeting. Literally the next day, Briqwise was at our table to discuss our request and finance options. Briqwise left and went to work with the information we supplied and prepared our application for submission to its investors.

This was exciting. When the funding application was posted on the Briqwise platform, we had only a few days before the deadline expired. Fortunately, there was sufficient interest and confidence from the investor pool to close the financing deal very quickly. We even received a slightly higher loan amount than what we originally asked from the bank – and with more flexible repayments! Thanks to my fast thinking  advisors and Briqwise, I could seize what I believe will be one of the best business decisions I’ve ever made.”

Jij brengt de ambitie,
wij de financiering

Van vastgoedproject naar realiteit: snelle financiering tot €5 miljoen,
persoonlijke aanpak, en expertise die het verschil maakt
Start meteen

Veelgestelde vragen over zakelijke hypotheken

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.

Ook een vastgoedfinanciering, zonder bank?

Ben je ondernemer en op zoek naar een hypotheek voor jouw bedrijfspand of beleggingspand? Wil je meer weten over de mogelijkheden voor een zakelijke financiering van jouw bedrijf met vastgoed als onderpand?
Check je mogelijkheden

Briqwise helped me buy my business property

Entrepreneur Jack speaks
“That was exciting, because when the funding request was placed on the Briqwise platform, we only had a few days before the deadline ended.”
No items found.

I seized that opportunity with both hands.

“After working as an employee, I had the opportunity to take over the company where I worked. Since I took over the reins, the business has been going gangbusters! We’re acquiring new customers and the workforce has expanded.

Our current workplace was bursting at the seams when a business building came on the market. It was the perfect place for us in the perfect location! I had to buy that property. The seller and I quickly agreed and concluded a provisional purchase contract. I thought I’d simply call my bank for some financing and it would be done.

A major setback

Or so I thought. My bank rejected my application, despite the excellent growth and bright future prognosis of my business. Their reason was “It is too soon after the takeover to finance a building right now.” I hadn’t counted on this at all. This immediately created time pressure with the expiry of the financing reservation in the purchase contract looming.

The next day, Briqwise was already sitting at our table.

My accountant knew an advisor in his network who helps out entrepreneurs. He had already worked with Briqwise in the past and organised a meeting. Literally the next day, Briqwise was at our table to discuss our request and finance options. Briqwise left and went to work with the information we supplied and prepared our application for submission to its investors.

This was exciting. When the funding application was posted on the Briqwise platform, we had only a few days before the deadline expired. Fortunately, there was sufficient interest and confidence from the investor pool to close the financing deal very quickly. We even received a slightly higher loan amount than what we originally asked from the bank – and with more flexible repayments! Thanks to my fast thinking  advisors and Briqwise, I could seize what I believe will be one of the best business decisions I’ve ever made.”

No items found.

Your money in motion

Financing real estate is the safe alternative to investing in real estate.
High returns, while maintaining certainty. Want to know more about the options?
Or do you have other questions? Then please contact us.
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