Briq, the collective financing fintech specialized in real estate, became the first real estate crowdfunding platform in Mexico on Monday to reveal the status and evolution of its financing portfolio.
As of today, the company made available a new section in its debt portfolio results portal (https://www.briq.mx/resultados-deuda) where current and future investors will be able to know the historical results since 2015 .
“As an investor, and especially if you are starting out, having clear and concise information when making a decision really makes a difference. Therefore, making the history of the debt portfolio available to everyone is very useful, ”said Alberto Padilla, co-founder of the company in an interview with El Economista.
Briq is a collective funding platform with operations since 2015 that allows small and medium investors to participate in real estate development from 1,000 pesos.
So far, the platform that is waiting to be authorized to operate under the law to Regulate Financial Technology Institutions, or fintech law, has concluded 100 campaigns in its six years of operation.
This means that the returns have already been generated and paid to investors and they have already received their capital back.
Among the information available is the current status of the portfolio and its status: whether it is paid, up-to-date, with a delay of less than 90 days, with a delay between 90 days and one year and with a delay of more than one year.
The platform indicates that these amounts include the obligations, both capital and interest, that the developers paid or must pay. In addition, this information can be filtered by type of debt (senior, junior, preferred and mezzanine).
The company has promoted projects mainly in Mexico related to the housing sector, although it already has participation in the industrial, commercial and hotel sectors.
The platform recently launched a campaign to become a partner in an international brand hotel in the heart of the central business district of Tampa Bay, United States.
Briq currently operates under the eighth transitory article of the fintech law, which contemplates those financial technology companies that already had operations before the entry into force of the rule and can continue to provide their services while they receive a final resolution from the authority.
Briq expects the publication in the Official Gazette of the Federation of its authorization by the National Banking and Securities Commission in the near future.
Reference-www.eleconomista.com.mx