Personal service behind the automation. Brilliant!
The service I received was a great surprise- a person behind the automation! With knowledge and skill to feedback valuable insight on the deal presented!
Will definitely use this service again!
Brickflow have exceptional customer care
Brickflow have exceptional customer care as well as brilliant knowledge. We will be using their services for the foreseeable future.
Brickflow have been absolutely brilliant
Brickflow have been an absolutely brilliant company to deal with. They have been very helpful and always quick to get back to me. I would highly recommend them to anyone who is looking for development finance.
Excellent service. Very responsive and proactive. It is definitely the way forward to avoid repeated finance applications to multiple lenders.
Extremely helpful and knowledgeable
Having them on board means that my business interest will be a priority and they will get me the best possible result. As with any financing, complexities arise, they will listen and help to find a solution.
Extremely helpful and knowledgeable.
Brickflow has been extremely helpful
Brickflow has been extremely helpful in sourcing our development finance. The whole brickflow team have always been on hand to answer any questions and queries and we would highly recommend them.
Brickflow has been excellent from start to finish
Brickflow has been excellent from start to finish for my company helping me get the best loans for my projects.
I have also been impressed with how helpful everyone has been at brickflow ensuring I get the most out of my projects.
I look forward to using brickflow in my next project coming up.
I will highly recommend Brickflow to all developers
Brickflow platform helped secure over £1m in development loan for my project within weeks, despite me being a first time developer. The interest rate achieved was very competitive.
I can't place value on the "personal touch" provided to me. They looked after my interest and were helpful in negotiating terms in my favour. Thank you Brickflow team.
I will highly recommend Brickflow to all developers.
Reliable and competitive funding partners
Brickflow have consistently proved to be a professional, reliable partner, working with synergy throughout the development appraisal process through to securing funding, at competitive rates. I would have no hesitation in recommending them.
Brilliant support for developers
Brilliant support for developers from a team who fully understand the business and have a wealth of contacts. Full marks.
They were knowledgeable, helpful and proactive at all stages of the process.
We enjoyed working with the guys at Brickflow. They were knowledgeable, helpful and proactive at all stages of the process.
Brickflow are a team of experts
Brickflow are a team of experts - experienced and knowledgeable. They understand how Development Finance works inside out and also how to get the best deal for their clients. I would thoroughly recommend them.
Amazing partner to work with
Brickflow are the perfect partner to work with, introducing top quality development schemes. They understand the development lending space, and as a result are able to add genuine value to the process, allowing a successful and timely completion of the debt facility.
A comprehensive and clear information briefing from Brickflow
A comprehensive and clear information pack from Brickflow allowing for a full understanding of the proposition, allowing me to asses and provide robust Indicative Terms for the Client. Thank you.
"The benefit of Brickflow is instant information in a snapshot. You can see what various lenders are going to offer you, meaning you can move more quickly on deals and put an offer in."
"I’d recommend Brickflow — working with them meant less money in and a cheaper rate, so winning all round!"
“I couldn’t recommend Brickflow highly enough. The platform has really helped us progress a lot quicker than I would’ve ever imagined. Our business is 10 years further forward than where we thought we’d be, as we’ve learned how to structure our funding properly."
Join thousands of property professionals already doing more with their development finance
*Across a sample 10 transactions where the borrower already had an offer
Your questions answered
How does Brickflow calculate development finance?
Development finance is the most complicated of all property loans to calculate. There are many variables to consider and these loans are underwritten more subjectively than a regular mortgage.
We use the same loan modelling process across all lenders, to allow easy comparison between lenders. Each lender will have their own model, which will constantly be tweaked, so the loan figures provided on the Brickflow results screen may differ to the final quotes provided by the lenders. However, we constantly monitor our estimates against the actual quotes received to ensure any differences are minimal.
The main criteria to how a development loan is calculated are:
- Loan to Gross Development Value (LTGDV)
- Loan to Cost (LTC)
- Minimum client equity contribution
- Day 1 land loan cap
The lender determines the loan amount from a combination of the above factors and delivers a final combined amount. Other factors that can affect leverage and pricing are; micro geography, asset type, lender loan book exposure, development experience, build type and more.
How does the application process work?
Once you have shortlisted your lenders and want to make an application you will be asked to complete further details on the project; your development experience, a development appraisal and property schedule. This will automatically be sent to the lender shortlist (up to 5x lenders), where these lenders are encouraged to submit their best loan terms.
These lenders will conduct a preliminary underwrite and offer their final loan terms, decline to offer or ask more questions. Once all the loan terms are received, borrowers can ask any questions to the lender or Brickflow. When you have selected your preferred option, that lender will move to their credit approval process.
Once the loan is credit approved, the lender will instruct their professionals; valuer, IMS and lawyers.
How do you rank the loans?
Loans are ranked in order, from largest to smallest. When the loan amounts are the same, Brickflow ranks them in price order, with the cheapest loan first.
How long does it take to get a loan?
Once you’ve selected your 5 lenders and your project goes live on Brickflow, bids can be received within as little as 2 hours. It normally takes up to 48 hours for all 5 bids to come in, and sometimes a little longer if it’s a complex case or there is incomplete information.
The info the lenders need is clearly detailed in the online Project Appraisal but primarily includes; your development experience, development appraisal and a property schedule.
From submitting the application to full credit approval, it normally takes 2-3 days, although the quickest credit approval on the platform so far is 4.5 hours
Credit approval to loan completion is mainly dependent on your professional team. If your lawyer works quickly and collaboratively with the lender's professional team, you can complete 3-4 weeks later.
The industry standard to complete a development loan is close to 6 months. With good borrower co-operation, Brickflow can do it in 4 weeks from start to finish, but 8 weeks is more typical.
Can introducers use Brickflow?
How does Brickflow get paid?
Brickflow receives a commission from the lenders, but only on completion of the loan. We are therefore strategically aligned with our borrowers to ensure their loan completes successfully.
Any commissions are built into the results you see on screen and will be included in the loan bids you receive in the Deal Forum and in the credit-approved loan offers. There is no separate payment due.
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