Case study: Brickflow completes a £16.85m development finance deal

“Our technology played an important role in successfully financing this plan”
-Ian Humphreys – Brickflow

Brickflow has announced a record-breaking first quarter of 2024, with significant growth in loan searches, principal decision applications, platform usage and the largest loan completions to date.

The £16.85 million development finance deal was completed by Purple Pepper Homes, for the development of 103 apartments in Hastings. The developer applied for the loan together with their intermediary via the Brickflow platform.

From modeling the deal to shortlisting lenders, applying and obtaining a decision in principle took just a few days, a process that normally takes several weeks, according to managing director Pierre Lombaard.

Pierre explains: “The financing needs were complex and it is unlikely that we would have been successful if we had approached the financiers directly. We saved weeks of time comparing credit options on the Brickflow platform and were able to structure our development financing with our exit strategy of long-term partial preservation in mind. This and the ability to create a comprehensive online project assessment gave the funders greater confidence in our plan and its ultimate success.”

Brickflow CEO and Founder, Ian Humphreys (pictured) adds: “Although larger loans have been agreed on the platform, this is the largest loan to have been successfully completed, demonstrating that even higher caliber developers struggle to find the best financing options in an opaque market. Our technology played an important role in successfully financing this plan.”