Press release: Build and MeDirect start collaboration
This week, Build Finance is launching its second investment in rental mortgages for professional real estate investors, with Belgian MeDirect Bank. With the addition of MeDirect Bank as an investor, Build strengthens its position as the go-to alternative for (re)financing Dutch rental properties.
Since Build's market launch in the spring of 2021, it has processed over one billion euros in new financing applications. This substantial number of applications proves that Build has tapped into a market segment where, in addition to established providers, there is a genuine need for alternative financiers.
Over the past few years, Build has built relationships with specialized intermediaries who have become very familiar with Build. Combined with its recently improved interest rate policy, Build now offers competitive interest rates and security for real estate investors during rising interest rates. For example, the interest rate in the indicative offer, subject to conditions, also applies when the loan is finalized at the notary. Furthermore, the proposition has been further optimized with a maximum interest-only portion of 65%. Build primarily offers applicants and intermediaries service during the application process, ensuring they receive an indicative offer within 48 hours and can quickly finalize the loan.
By partnering with MeDirect Bank as an investor, Build is taking a significant step forward in its financing options for the coming years. For MeDirect Bank, this partnership is part of the bank's strategy to diversify its loan portfolio.
About Build Finance
Build Finance was founded in 2020 by a group of professionals with extensive experience in the financial and real estate markets. Build aims to be a leading provider of mortgage financing from €0.5 to €15 million in the rental housing segment. The focus is on the mid-market rental segment, including financing for purchases, refinancing, new construction, and renovations.
About MeDirect Bank
MeDirect Bank NV is a Belgian bank that offers savings and investment products in the Belgian market, aiming to give everyone the opportunity to get the most out of their money. The bank offers a wide range of funds in which its clients can invest. Savings at MeDirect are covered by the Belgian deposit guarantee scheme, which covers deposits up to €100,000 per person and per bank. Since the bank's launch, more than 75,000 clients have entrusted MeDirect with a total of over €3 billion in savings and investments. In addition to its partnership with Build, the bank has also invested in Dutch residential mortgages with National Mortgage Guarantee (NHG) since 2019. www.medirect.be .
For more information, please contact Reinier Visser at 06-51415090 or reinier.visser@build-finance.com.
