BV Markets – formerly known as BrickVest – has expanded its debt services following a high-profile rebrand and the launch of a new website.
Earlier this year, the platform narrowly avoided going into administration. The property loans specialist has since rebranded and recategorized its marketplace under the titles ‘invest’, ‘lend’ and ‘raise capital’.
BV Markets Lend is now offering seven new debt products: bonds, borrowers notes, syndication, loans (performing), loans (sub/non-performing), securitisation and derivatives.
“Following feedback from potential lenders, new ‘alternative offerings’ are now available when listing financing opportunities,” said a BV Markets spokesperson.
“These have a simplified (shorter) listing creation wizard and an expression of interest mechanism instead of the bidding system, where appropriate.”
BV Markets has also updated its platform to include access to lenders of different profiles from around the world, a digital workflow to make the capital-raising process more efficient, and a new dataroom facility.
“This debt-specific service was developed after considerable consultation with both real asset sponsors and specialised financial institutions, to ensure it was fully customised for the specific needs of the sector,” explained BV Markets.
“Our aim was to fully digitalise and speed up the frequently time-consuming process of securing a loan (and originating debt).”
In November 2019, four BrickVest subsidiaries – BrickVest Ltd, BrickVest Technology Ltd, BrickVest Services Ltd and BrickVest Talents Ltd – went into administration. Several months later, German property investment manager Patrizia bought BrickVest out of administration, giving it access to its network of more than 350 institutional investors and industry partners and more than 200 banks and financial institutions.