BRICKFY Review – High productivity and real estate aggregator
Brickfy is a new crowdlending aggregator that comes from Estonia with an ambitious and very interesting proposal: to put together the best business and real estate loans and operations from a range of originators and marketplaces from around the world including renown platforms such as Bulkestate or Inveslar and more 'exotic' platforms and creators such as the Italian Re-lender, the Philippine Right Choice Finance or the Russian originator Dozarplati.
We checked this platform extensively and in this MEGAreview we will tell you our experiences and all the details you are looking for... are you ready?
Brickfy breaks into the crowdlending landscape with an aggregator that will meet the expectations of a wide scope of clients, from lovers of high profitability with Buyback to fans of inter-platform diversification. If it keeps on bettering its catalog and functionality little by little, it can certainly become one of the most attractive proposals of the crowd universe in 2020.
What are Brickfy Global Data and Statistics
Brickfy is a crowdlending aggregator (that is, a platform that compiles and selects the best operations of other P2P lending websites by making them accessible to investors via a single marketplace) specializing in high-performance peer-to-business loans and crowdfunding real estate operations, making it the first multi-type aggregator we evaluate.
It is also worth noting, with a Spanish management team based in Estonia, that Brickfy is the first aggregator of this class approved to act as a financial company issued by the Estonian regulatory body, which is always a plus in terms of project strength and trust.
Steps in Brickfy
Brickfy registration is honestly easy and resembles other European crowdlending sites. Completing it should only take a few minutes and it consists of the following steps:
- Complete the initial investor registration form (indicating the Referral Code op132g to receive 5 euros after registration and make the first deposit + 1 percent of all investments in the platform for the first three months, limited to a maximum total bonus of 100 euros).
- Confirm your email address by clicking the correct email address.
- Provide proof of identity (including ID or Passport and proof of address) for verification.
- Make the first contribution by transferring money via bank.
Requirements for creating a Brickfy Investor account
+ Be of legal age.
+ Registration is open to most nationalities, all European countries included.
Deposits: How to put funds into our Brickfi account
Contributions can be made by bank transfer. In particular, Brickfy is working with the Lithuanian bank Paysera and will provide you with an account number and concept to make the deposit and start investing once the identity is checked.
Brickfy Cashback Bonus - New User Bonus
Brickfy currently provides a very enticing deal for new investors who want to try out the site, consisting of a gift of 5 euros when registering and validating the account and making the first deposit and 1 percent off ALL deposits made within the first 3 months, limited to a maximum total bonus of 100 euros.
How Does Brickfy Work
Brickfy has absolutely NO investor commission.
How to Invest in Brickfy Crowdlending
As a newly developed site, at Brickfy they currently only have the MANUAL investment approach from 10 euros per loan (depending on the originator, the number could be higher).
The introduction of AUTOINVEST and the SECONDARY MARKET is already expected in the near future, as well as all-in-one investment modalities of the Invest & Access style of Mintos, but we'll have to work manually for the moment.
Investment Manual Analysis Brickfy P2P – Most Important Parameters
We'll have a list of all available operations in the INVEST tab of our Dashboard that includes the following basic information:
We can locate at Brickfy mainly P2B loans (represented by a briefcase) and real estate loans (represented by a building).
- Deal Partner (Originator)
The operation's Originator is the Deal Partner at Brickfy. A section later in this analysis, we will identify the principal Brickfy Originators.
- Est. IRR (estimated IRR)
Estimated annualized net return calculated for this particular loan. We can consider a wide variety of possibilities in Brickfy, from high-yield loans with 15 percent buyback to more modest real estate operations. And we can tailor the platform's product to our investment style and expectations.
Length of each operation/investment in Brickfy, represented in months or years, the normal length in business loans is less than or equal to one year, and slightly longer in the case of real estate loans.
- Rating (Risk Score)
An internal risk assessment of each procedure conducted by Brickfy based on the scale of Standard & Poors (from AAA - the most secure - to D - the highest-risk)
- Security (Guarantees)
In this section we can check the loans with a Repurchase Guarantee (shield symbol) and also those with mortgage guarantees (in which case the LTV or Loan to Value Ratio is specified here). We'll extend Brickfy's buyback details in a segment later in this article.
We will check the minimum investment needed to engage in this transaction in this section (usually only 10 euros in business loans, but more in real estate).
Brickfy Crowdfunding: How Autoinvest Works (Automatic Investment) – Step by Step Tutorial and Configuration
Currently Brickfy has NO Autoinvert tool. It is expected to be introduced in 2020.
Brickfy Secondary Market and Liquidity
Brickfy currently has no secondary market, though its launch is scheduled for early 2020.
Brickfy Buyback Guarantee
In Brickfy, the loan level of the repurchase guarantee (operation to operation) is symbolized by a blue shield in the loan list as shown in the corresponding section.
The Buyback is always contingent on the Deal Partner or Loan Originator and, unless otherwise stated, it enters into play 60 days from default and covers all the due capital and interest (Buyback Total).
Originators Brickfy Deal Partners
In Brickfy we'll find a range of crowdlending platforms and originators that mix old acquaintances with new novelties to provide us with an exciting team that will certainly develop over the months offering a rich and varied investment experience. Let's see some of those companies:
One of Estonia's most popular crowdfunding platforms presently with the lowest LTV, with very interesting opportunities. While its volume of origin is not sufficiently high on its own, it offers both diversification and productivity within the global portfolio in the context of Brickfy.
This Russian originator, currently present in Mintos -among other platforms- is probably the most veteran of crowdlenders. In Brickfy, we can invest directly in it by supplying our investments with a buyback guarantee for high-yield loans (close to 15 percent).
An old acquaintance of real estate crowdlending in Spain, with a very low incidence rate and attractive profitability in its projects. Our real estate portfolio can be diversified by it.
The reality is that this Lithuanian site, little known to most European lending investors, provides mortgage backed loans with very competitive returns, offering an outstanding profitability-risk binomial.
Relender is an interesting niche Italian property crowdfunding site, based on renovations and improvements, close to what Privalore was in Spain in this way. Getting it in the Brickfy catalog is especially important as it will allow us to geo-diversify by country in Italy – an unusual country on other platforms.
RIGHT CHOICE FINANCE
Right Choice is probably the most exotic portion of the Brickfy starting partners set: a Filipino originator we've sporadically seen on other platforms like Grupeer and that brings us loans with very attractive returns and buybacks.
Brickfy Pay - Withdrawals with Cash
Brickfy enables us to withdraw our available balance from 100 euros at any time, without charging the investor any kind of commission. Normally transactions are handled easily and you'll have the money back in the bank account within one or two business days.
Is Brickfy safe? Risks and Regulation
Brickfy – Brick and Mortar Digital Assets OÜ trademark – is an Estonian company registered in July 2019 with registration number #14756307, subject to Estonian and European commercial laws.
Brickfy is also accredited as a financial company approved by its country's regulator, with number FFA000353 and effective as of October 2019.
Investing in Brickfy loans and activities, like the rest of the crowdlending platforms, can be a very lucrative activity but not without risks, some of which we indicate below:
+ Chance of the investment's lack of liquidity;
+ Chance of lenders not paying the loans.
+ Chance of unfair valuation of the assets and properties offered as collateral.
+ Chance of adverse real estate market developments.
+ Chance of platform bankruptcy.
Ergonomics Brickfy Web and Reports
The Brickfy website is intuitive and easy to use, making it perfect for even the newest in the crowdlending world to search through.
If we research distance in clicks for the most common operations we usually perform, we get the following results:
You need 3 clicks in order to invest in an operation.
One click to have an overview of the loan status for which you have invested.
Three clicks to withdraw money.
That is all better than the path offered at their competitors!
Brickfy Real Expected Annual Yield
- Brickfy has an average gross return of about 12 percent with a wide variety of returns available.
- There is no fee of any sort for investing users, so no losses are anticipated in this regard.
- Long-term defaults (all loans have buyback or mortgage guarantees) are not projected to be reduced.
- Accordingly, the projected annual average net profitability is a 12% base minus (0)% of losses and commissions = 12% annual net for a well-diversified long-term portfolio, which is marginally above the average crowd loan platform measured on this website.
Brickfy Taxes - Withholding Tax and Taxaction
Brickfy does NOT conduct any interest withholding regarding to the interest acquired on its website. Please consult a tax advisor if in doubt.
Brickfy P2P Lending – Contact Information and Customer Service
Brickfy is headquartered in Tallinn, Estonia and has the email [email protected] and telephone number +372 58 55 77 65 available to users to answer any questions or concerns.
The Customer Service is excellent in our experience: quick and effective, answering professionally any questions or inquiries that we might have.
The Company Squad
At the start of this analysis, we commented that while Brickfy is an Estonia-based organization, it has a strong Spanish accent, this is the case for the two project leaders: Juancho Arregui and Fernando Palma.
CEO and Co-founder Juancho Arregui
Juancho is a digital humanist, architect, artist and developer who is the founder of the Brickfunding real estate project and its development we bring to you today, Brickfy. A multidisciplinary teacher who puts his talent at this project's disposal.
COO Fernando Palma
Fernando, international business consultant, growth hacker and computer specialist, puts all his skills at the disposal of Brickfy's technological component and company.
Is Brickfy CrowdLending reliable? Opinion Forums, Networks, Aggregators …
As a newly developed website, the key aggregators also lack substantial opinions. When more information is available we will update this section. Our opinion and personal experience to date has been exceptional.
What's uur plan for financial investment at Brickfy?
Select the investment style: A platform as flexible as the one we're working with now can lead to several approaches to adopt, concentrating on high-yield loans with Buyback (Grupeer style), in omniplatform (style-like) real estate loans (Evoestate), or incorporating all investment types based on our profile and expectations.
In our case, with Buyback at Brickfy, we will take advantage of the high profitability and combine it with its potential to invest in infrequent platforms/originators like Re-lender or Right Choice Finance, adding new originators to our portfolio as they leave.
Brickfy Study – In Conclusion
Brickfy breaks into the crowdlending room with an aggregator that will meet the expectations of a vast scope of users, from lovers of high profitability with Buyback to fans of inter-platform diversification. If it keeps on improving its catalog and functionality little by little, it can certainly become one of the most attractive proposals of the crowd sphere in 2020.
- Possibility to invest in an diverse variety of networks and originators – some of which are uncommon or challenging for ordinary investors – and to create a balanced portfolio from the same platform.
- Appealing returns on Buyback loans, close to 15 percent, very competitive in current times.
- Strong range of originators of real estate, very important for geodiversification of real estate.
- Company authorised by the Estonian Financial Regulator, with a strong management team behind it and a vocation for openness and good results by adding value from the first day.
Brickfy's Drawbacks and Things to Improve
- Brickfy is a young business that is increasing its base of customers and investors. It remains to be verified when it comes to the performance of its long term operations.
- The role of Autoinvesting and the Secondary Market is somewhat lacking, although we know that it is in the platform development pipeline.
Alternatives to Brickfy Review
At the level of high-performance P2B loans, Grupeer is certainly the benchmark at European level, but with the returns that Brickfy manages and the decline in first results, Brickfy has a competitive advantage at present.
On the level of aggregators, it is true that we do have Evoestate in real estate, but Brickfy's vocation to become a global P2B + real estate aggregator means it can have more travel over time than the first.
Brickfy main features and highlights
- Commercial Real Estate