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Money and feelings go well together

How Briqwise always knows how to find a solution.
“It takes some time but the real story only comes out when you look into each other's eyes.”

He has been doing business with Briqwise for years. Even with other parties, after all, he always wants to get the best out of the market for his customer, but he often comes back to Briqwise.

In this article, we take you into the practice of Briqwise intermediary Leon Westmaas from The Finance Director.

After a long and long career at a traditional bank, things started to get tough. There is so much to do in the entrepreneurial Netherlands that Leon took the plunge and started as an independent financial intermediary. His wife wasn't exactly cheering on the couch, she was very attached to her bank husband.

Straight to the point.

Leon Westmaas is a Rotterdammer, born and raised, but he is not too proud to say that the Amsterdam Arena is also a beautiful stadium.

He enjoys driving throughout the Netherlands to meet entrepreneurs and achieve financing. Leon likes to go to entrepreneurs, he has met all his customers at least once, but many more times. It takes some time, but the real story and the best solutions come when you look into each other's eyes. Together with Guus Oerlemans, account manager and partner at Briqwise, he often has the first conversations. Sometimes online because it's not really efficient and sustainable to burn hundreds of miles, but a live meeting with his customer always follows. In this way, speed and clarity go hand in hand with trust, which works best for all parties.

Reputation and network provide the business.

Trust comes on foot and goes on horseback. Financing, you really just have to do it properly and safely. Customers often come by word of mouth, reputation is worth gold. Together with business partner Johan Mol van Mol Stapelfinancieren, these experts offer good financial services. Leon and Johan make contacts, get to know the customer, advise and explore the market for the best options. Johan is the business economist and Leon is the business expert; together they always find the best solution. This combination works great in cooperation with Briqwise.

Jij kiest het object,
wij regelen de zekerheid

Investeren in Nederlands vastgoed met eerste recht van hypotheek,
6-8% rente per jaar, en volledige inzage in het dossier voordat je instapt.
Start meteen

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

Jij kent je klant,
wij regelen de financiering

Van afwijzing bij de bank naar een concreet voorstel: indicatie binnen 7 dagen,
jij houdt de klantrelatie, en een vast aanspreekpunt dat meedenkt.
Start meteen

Veelgestelde vragen over investeren

How does joint investing work (Clubdeal)?

Certain properties are suitable for joint investing involving several investors via participation in a ‘Clubdeal’. You can sign up for a Clubdeal with investors you already know or ones you don’t.

For a Clubdeal, a minimum investment of $100,000 per investor is required.

The rights of investors with a Clubdeal are the same as the rights of an investor in a one-on-one deal.

What risks are involved in property investments?

The main risks in property investments for investors are not getting back the amount lent and not receiving monthly interest.

Briqwise limits these risks with guarantees that offer you a secure and responsible way to invest your money.

  • Loan amount: This risk is limited by first mortgage security which gives investors the right to sell the collateral (property) if a buyer fails to meet their obligations. It’s important that the proceeds of the sale be higher than the outstanding loan amount, which is why we strive for an LVR (Loan-to-Value ratio) of up to 75%. We place great importance on the assessments of the value of all properties on our website.
  • Monthly terms: This risk is limited by evaluating the qualifications of property buyers based on their track record and financials. By entering into a factoring agreement, Briqwise will ensure additional protection for payment of the monthly instalments – even if a property buyer does not fulfil its obligations.

 

When do property buyers have to repay the loan amount?

Property buyers have to repay the loan at the end of the loan term. Usually, each loan is repaid on linear basis during the term up to 50% of the (appraised) value of the real estate that was taken as the starting point for the financing.

What will be the duration of the financing?

Financing has been provided with terms ranging from six months to twenty years. Initially the borrower determines the term of the financing.  

What happens if property buyers don’t make payments on time?

If this situation occurs, investors will be informed asap. Since the monthly instalments are guaranteed by Briqwise, you will continue to receive payments.

Briqwise will take any (legal) steps required to collect the monthly payments and additional expenses. If the property buyer remains in default, Briqwise will have a mortgagee sale of the collateral. In this case investors receive their outstanding loan amount from the proceeds of the sale. If the proceeds are insufficient and a residual debt remains, the investor can claim the outstanding amount from the private wealth of the borrower.

As an investor, can I liquidate my funds?

Yes, you can liquidate your funds, by transferring the financing and the related rights and obligations of the loan and mortgage deed to others. Briqwise can assist you with this.

How does a real estate investment come about?

Via the website and by email, you can take an option for real estate financing or claim it.

You will then receive additional information about the entrepreneur and the real estate object will then be temporarily unavailable to others. This gives you enough time to decide whether to convert your option into a claim. If this is not the case, the financing of the property will be available to other investors again.

After a claim, you will receive an acceptance form from us with detailed information about the funding. After signing this, an appointment will be made with the notary and the financing will be concluded.

How do I know which real estate properties I can invest in?

Our website features the latest options. Here, anyone can access general information about real estate properties and financing.

We will email investors additional information about properties (like appraisal reports) and buyers if the investor requests. It is also possible to meet a property buyer in person.

What should I do if I want to invest?

If you’re interested in attractive returns on a secure investment, please call us or register via the website.

How much does it cost to invest with Briqwise?

The costs to invest are listed on the fees page of the Briqwise 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.

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.

Veelgestelde vragen over zakelijke hypotheken

Can I apply for funding for my hospitality facility?

Yes, we also support hospitality entrepreneurs in obtaining financing for the construction of new restaurants. Contact us for more information.

How long will a financing application take?

We’ll make every effort to complete the financing as soon as possible after receiving your financing application. This can be arranged within couple of days, but will depend on how fast you provide the necessary information and documentation.

The first step is filling out the application form. After receiving this information, our first assessment will take place – usually within one working day. We will then forward a financing plan if the initial assessment is positive. If this plan is in line with your expectations, we will progress to the next step (after receiving of any missing documentation if necessary).

Our Engagement Letter will follow. This contains all the terms and conditions of the financing. Once you sign it, we will contact our investors and they will be able to claim the funding. This usually happens quickly, but the period for this varies and depends on the financing offered.

After an investor has claimed the financing, we start the solicitor process.

 

What are the financing options for commercial real estate?

At Briqwise, we offer various financing options, including loans and mortgages for commercial real estate. Together with you, we'll select the best option that fits your business goals.

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.

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