The first step in Developer Funding is submitting a comprehensive Developer Proposal to MyBrix. In this proposal, developers outline the details of their project. More info here.
Once the Developer Proposal is finalised, the project is listed on the MyBrix platform, where it becomes available to investors. More info here.
Once the project has attracted sufficient investor interest and met its funding target, MyBrix assists the developer in securing the capital. The funds raised through the platform are used to support the construction and development process. More info here.
Once the project is funded and construction begins, developers are required to provide regular updates to investors on the progress of the development. As MyBrix gets these updates funds will be released to the developer in stages. More info here.
Disclaimer: This blog outlines the MyBrix Developer Funding process, designed for property developers looking to finance new development projects through Index Funding. Developer Funding is specific to new builds and construction projects and differs from standard property purchase or refinancing processes.
Developer Funding follows a structured process with four main stages:
This blog explains how to list a development project on MyBrix for Developer Funding and provides a detailed look at each stage of the process.
The first step in Developer Funding is submitting a comprehensive Developer Proposal to MyBrix. In this proposal, developers outline the details of their project, including:
This proposal forms the foundation for investor engagement, as it provides potential backers with an in-depth understanding of the project and the potential return on their investment. MyBrix works closely with developers to refine the proposal and ensure it meets the platform’s criteria for listing.
Once the Developer Proposal is finalised, the project is listed on the MyBrix platform, where it becomes available to investors. During this stage, developers have the opportunity to present their project to a broad network of potential investors who are seeking opportunities to invest in new developments.
Investors can purchase Brix in the project, effectively buying a share in the future value of the development. The developer retains the flexibility to buy back these Brix over time as the project progresses and revenue is generated. Investor engagement is key during this phase, as the success of the funding depends on attracting enough capital to meet the project’s financial goals.
Throughout this period, developers must also complete Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance checks. Additionally, they must read and acknowledge the Product Disclosure Statement (PDS) and seek independent legal advice, providing a solicitor’s certificate to MyBrix to confirm they have understood the terms of the investment.
Once the project has attracted sufficient investor interest and met its funding target, MyBrix assists the developer in securing the capital. The funds raised through the platform are used to support the construction and development process. MyBrix holds the funds and releases it in stages to the developer.
MyBrix manages the legal and administrative aspects of the transaction, ensuring that the funding is properly structured and that investor interests are protected. A mortgage is established over the development to safeguard the Brix holders’ investment, providing security to investors as the project moves forward.
During this phase, developers work with MyBrix to ensure that all necessary legal steps are completed, including finalising contracts and ensuring the transfer of capital is handled smoothly.
Once the project is funded and construction begins, developers are required to provide regular updates to investors on the progress of the development. As MyBrix gets these updates funds will be released to the developer in stages. These updates ensure that investors remain informed about the status of the project and any key milestones that have been achieved.
The MyBrix platform facilitates this communication, allowing developers to easily share information, including:
This transparency is critical to maintaining investor confidence and ensuring that the project stays on track.
These updated are required for funding to be released in progress payments.
Disclaimer:
The information provided in this blog is of a general nature and should not be considered specific financial advice. While MyBrix provides a platform for developers and investors to connect, it does not guarantee the success of any project or the accuracy of projected returns. Developers and investors should seek independent legal and financial advice before proceeding with any investment.
IMPORTANT INFORMATION
MyBrix does not provide any financial, Tax or other advice, you must obtain your own independent financial, legal and tax advice regarding the appropriateness of using any MyBrix Services, having regard to your personal objectives, financial situation and needs. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this blog, any and all information presented in this blog is provided for information only and any action you take as a result is at your own risk.
MyBrix is an innovative solution for property finance that breaks free from outdated traditions. Here are some typically questions. property owners have, see our Frequently Asked Questions (FAQ) page for more details.
MyBrix does not provide any financial or other advice, you must obtain your own independent financial, legal and tax advice regarding the appropriateness of using any MyBrix Services, having regard to your personal objectives, financial situation and needs.
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