Brickflow, the digital marketplace for specialist property finance, has launched into pre-construction bridging finance alongside its development finance service.
Available exclusively for customers of Enterprise – an embedded finance solution for commercial property finance brokers – it enables users to compare more than 80 lending options for bridging and development finance in minutes, and receive a Decision In Principle (DIP) in hours.
Bridging finance lenders include challenger banks and specialists such as Avamore, BridgeHelp, Glenhawk, Interbay, Precise, Roma and Shawbrook.
Ian Humphreys, Brickflow’s founder and CEO, said: “The commercial real estate sector has been slow to embrace technology, preventing brokers and developers from fully accessing and searching the market for best-value bridging and development loans.
“By addressing this lack of transparency and enabling brokers, for the first time, to compare and apply for bridging finance, and development finance, via one digital platform, we’re saving huge amounts of time and eliminating inefficient equity deployment.
“This supports housing delivery as the money saved can be ploughed back into projects.”
The first phase of the Brickflow bridging loan roll-out is offering pre-construction bridging finance, giving borrowers the liquidity they need to purchase a site, acquire planning and finalise development details before the construction phase.
Next steps, over the coming months, will be to launch bridging loans for purchase or refinance, refurbishment and post-construction.
