Thanks to the partnership, FIBA’s members can use Brickflow for Brokers — the firm’s sourcing and packaging system — to search and apply for development finance, sourced from over 40 lenders currently available on the platform.
The system also offers brokers a white label solution, which allows them to upload their company logo and contact details so borrowers see the software as the broker’s own.
In addition, Brickflow will be running a temporary special offer for a yearly Brickflow for Brokers membership, only available for FIBA members.
Brickflow’s co-founder, Ian Humphreys (pictured above), said: “FIBA is a natural fit for us because our aim is the same: to help intermediaries grow their businesses.
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“The market has been crying out for a proptech solution to the age-old lack of transparency problem in the development finance market, and the association is a great way to share it.
“In addition to saving time, brokers have peace of mind that they’re facilitating more efficient borrowing by minimising deposits and costs, potentially saving clients tens of thousands — if not hundreds of thousands of pounds — which can be ploughed into property development projects.”
Adam Tyler, executive chairman at FIBA, added: “We are pleased to add Brickflow to our professional partner panel and its service to our member benefits support, as I am well aware of the need for this type of service in the development sector.
“Not only does the system save an inordinate amount of time in sourcing the funding required, and then in the application for a project in play, but the fact that it also cuts completion down from six months to a potential six weeks is quite game-changing.
“Another aspect of great value is the ability for the Brickflow platform to support broker conversations with their developer clients, allowing for modelling of proposed projects before committing to a funding stage, by running a model through the system to establish whether the next development is financially viable.”