The collective real estate funding platform, Briq, announced the opening of a new section on its website, where the status and evolution of its financing portfolio is made transparent.

“For us, transparency has always been a priority, and it is a value shared by the entire team. We consider that it is a very important factor in the real estate sector and that it helps investors make more assertive decisions, "said Alberto Padilla Luengas, CEO of Briq.

He also stressed that this action is relevant because, as investors, and especially if it is starting, having clear and concise information when making a decision, really makes a difference.

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“Therefore, making the history of the debt portfolio available to everyone is very useful; since, although past returns do not guarantee future returns, knowing the ability to recover past due portfolio is very helpful, "he added.

The new section of the Briq web portal presents the current status of the debt portfolio; that is, what amount of money is in each status. Whether paid, pending, up-to-date; pending and with a delay of less than 90 days; pending and overdue between 90 days and one year, and pending and overdue more than one year.

These amounts include the obligations, both principal and interest, that the developers paid or must pay. Also, this information can be filtered by type of debt.

In the same way, a graph is shown with the history of the status of the portfolio, in which the evolution of the portfolio can be observed; and highlights that a large part of the portfolio has gone from pending to paid status.

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Finally, it presents a section where the number of projects completed and paid is indicated; how many are in operation currently and how many with significant delay; as well as how many projects came to have a considerable delay and were recovered.

"With this type of action, Briq reaffirms its commitment to transparency and marks a before and after in the real estate crowdfunding sector in Mexico," the platform highlighted.

It should be remembered that, recently, Briq became the first real estate collective funding platform to reach 100 completed and paid campaigns; as well as the first to have a published project with EDGE certification.

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