Ian Humphreys said: “By creating an auction environment, borrowers receive the most competitive rates in record time. A LTGDV of 83% is unheard of, especially at a blended senior and mezzanine rate of 8.49%."
Brickflow issued a record number of loan terms in November, with the figure reaching £88m through its deal forum.
The deal forum sees developers input their project details, and Brickflow’s algorithms select the lenders most likely to make a loan offer.
Borrowers can then choose up to five lenders to bid in a blind auction.
Brickflow’s platform secured competitive interest rates, with loan-to-gross-development-values (LTGDV) ranging from 50% to 83%, for 17 developers who have funding for projects in the residential, hotel, houses in multiple occupation (HMOs), retirement living, light industrial and supported living sectors.
Ian Humphreys, co-founder and head of lending at Brickflow, said: “A [LTGDV] of 83% is unheard of, especially at a blended senior and mezzanine rate of 8.49%.
"By creating an auction environment, borrowers receive the most competitive rates in record time.
"Our online tools help borrowers complete perfect lender presentations - with first time users stating they can do it within 15 minutes!
“Our goal is to connect borrowers and lenders in seconds and give developers seamless and fast access to property finance.
"Judging by November’s activity, I’m confident we can become the UK’s leading facilitator of all development finance transactions.”