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“By giving brokers and their clients instant access to development funding, they can quickly determine if a site is viable, saving all parties countless hours of time.”
Once a broker registers as a Brickflow user and enters developer project details, the platform sources loans from over 40 lenders within two minutes.
Using proprietary algorithms and researching over 120 data points from each lender, Brickflow matches the right development finance options to the project, returning instant results.
Once the preferred loan is selected, the platform makes it easy to upload data and documents that lenders can be invited to log in and view.
With Brickflow, credit approval is between 48 and 72 hours (its record is 4.5 hours).
Designed in conjunction with development finance lenders such as Shawbrook, United Trust Bank, Paragon and Barclays, the conversion rate from term leaders to loan is over 90%, taking an average of six to eight weeks.
Loan offers range from £150,000 to £150m for residential, commercial and mixed-use new build, conversion and permitted development projects.
Brokers using the platform retain 100% commission on each loan made; Brickflow simply charges a flat fee of £35 per user per month.
Brickflow also offers brokers a white label solution. Brokers can upload their company logo and contact information so borrowers see the software as the broker’s.
Once the top 150 brokerage firms complete their reviews on the platform, Brickflow will launch to the entire brokerage marketplace in approximately two months.
Brickflow co-founder and CEO Ian Humphreys commented: “This indispensable industry tool is a game-changer for brokers who have historically suffered from a lack of choice as well as difficulties in finding the best development finance loans for their clients. Our revolutionary technology saves brokers money. time and money; it’s fast, efficient, insightful and transparent, providing brokers with an unparalleled range of development finance solutions and access to a significant revenue stream.
“Brickflow also helps brokers with the compliance process, by storing all research and borrower information in the cloud, allowing them to document and prove why a particular solution is recommended.
“By giving brokers and their clients instant access to development funding, they can quickly determine if a site is viable, saving all parties countless hours of time. Lenders are especially grateful because the system easily guides users through the information needed to issue loan terms. This means beginners as well as expert brokers can use Brickflow.
“A well-known high street lender recently noted that Brickflow allows him to typically offer loan terms in 30-40 minutes instead of three weeks of back and forth to gather the information he needs.”
