Property improvement finance market Brickflow has expanded its providing to incorporate bridging loans for the primary time.
The merchandise will initially be provided solely to the corporate’s Enterprise clients. Debtors can seek for the very best bridging offers throughout greater than 40 of Brickflow’s accomplice companies.
These companions embrace P2P property lenders CrowdProperty and Make investments & Fund.
Learn extra: Brickflow companions with dealer commerce physique
“That is the primary time brokers have been capable of evaluate and apply for bridging finance utilizing one digital platform, so it’s one other vital step in direction of making the borrowing course of faster, simpler and extra accessible for brokers and their purchasers,” stated Ian Humphreys, chief government and founding father of Brickflow.
Potential debtors can use the Brickflow market to browse appropriate lenders and obtain a similar day Choice in Precept. It is a service that “merely doesn’t exist elsewhere,” Brickflow stated.
Learn extra: Brickflow launched embedded finance resolution for business property
“We’re due to this fact taking a phased strategy to including bridging finance to the platform, to make sure we offer the absolute best expertise for our Enterprise clients,” the platform famous.
“The primary part, which is now stay is pre-construction bridging finance, which presents the mandatory liquidity to buy a web site, purchase planning and finalise improvement particulars earlier than shifting on to the development part.”
The platform added that it plans to launch bridging loans for buy or refinance, refurbishment and post-construction within the coming months.
Learn extra: Brickflow companions with FIBA