Briq.mx Completes 500 Crowdfunding Campaigns for Real Estate Projects

Eight years after starting operations, the real estate crowdfunding platform Briq.mx reached 500 completed crowdfunding campaigns, which is equivalent to $79.56 million (1.4 billion pesos) raised, through more than 17,000 investors.

After several adjustments in regulatory terms, crowdfunding firms in Mexico have made great strides in gaining a place in the real estate industry and, according to Alberto Padilla, director and founder of the Briq.mx platform, 2024 with further growth is expected.

“We are very happy for the trust that thousands of investors have placed in us, positioning us as the leading real estate platform. When you think of 500 campaigns they seem little, but they represent a very important milestone for the industry,” mentioned the expert.

Padilla shared with Econohabitat that the National Banking and Securities Commission (CNBV) has a goal that all platforms in operation must be approved by December of this year, which will increase participation and knowledge among the investing public.

“2024 will be the year of discovery. After these years of regulatory adjustments, the following months the sector will make more noise. The challenge will be to demonstrate the quality of the projects that are published and the quality of the operation of the platforms,” he stated.

In addition, all platforms will have the obligation to make public the information of their operations, which will provide greater transparency and confidence in the sector.

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Briq.mx milestones

Of the 500 crowdfunding campaigns that Briq.mx has achieved, 434 were for debt-type funding for developers and 66 for co-ownership-type funding, where investors become partners in the project.

The platform has financed projects of 64 developers, such as Innside and AGGE, both from Mexico City, which raised more than $5.68 million (100 million pesos) each with these campaigns.

The campaign that raised the most funds, raised $1.53 million (27 million pesos), while the one that raised the least was for the amount of $2.840 (50,000 pesos).

By region, the distribution of investment was as follows:

54% of the campaigns were for projects in CDMX.
12% went to projects in Jalisco.
6% for projects in the State of Mexico.
4% for projects in Quintana Roo.
Distribution by type of property:

Residential: 79%.
Mixed use: 11%.
Commercial: 5%.
Multi-sector: 4% Industrial: 1%.
Industrial: 1%.

Other data shared by the company shows that 17,091 different investors participated in the 500 campaigns; the investor with the most money allocated $1.53 million (27 million pesos), and the one with the least 250 pesos.

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(Featured image by Gaspartacus via Pixabay)

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First published in EL ECONOMISTA. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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