Select & Syndicate
What is BrickX Select & Syndicate?
Select your property
BrickX will assist you with the acquisition due diligence.Create your syndicate and lock in your funding
You put together your syndicate of investors who commit to taking up 100% of the Bricks in the BrickX Trust relating to your chosen property.A BrickX Trust buys the property for your syndicate
BrickX manages the purchase, settlement, funding and administration of your purchase – this even includes the sourcing of debt finance if required.BrickX will handle the boring stuff
Once the property is purchased BrickX will manage the administrative aspects of the syndication for you.Why Select & Syndicate?
Control your purchase decision
See something you like and want to act – go ahead you now can.
Keep your syndicate private
You can structure a private syndicate or open it up to other BrickX investors to create liquidity post acquisition.
Ease and Efficiency
Rather than working out how to establish a private trust of your own and keeping the peace amongst investors you can rely on BrickX to manage this for you.
FAQs
Who can apply?BrickX Select & Syndicate has been designed to enable BrickX members to choose their own property for syndication – they are also enabled to lead and limit the syndication to investors of their choosing – while also able to later open the offer up to other investors through the BrickX Platform should they want to.
Any Australian tax resident that are over the age of 18.
Any Australian tax resident that are over the age of 18.
How is the lease structured?Properties are always purchased subject to an acceptable lease being in place.
Rent is calculated based on the agreed rate at the time the lease is initiated and will be reviewed on an annual basis to ensure it is in line with agreed lease terms.
Rent is calculated based on the agreed rate at the time the lease is initiated and will be reviewed on an annual basis to ensure it is in line with agreed lease terms.
Can Debt be used to purchase the property?Yes - BrickX can assist you with placing debt into the Trust to facilitate the property purchase. If debt is used to fund the initial purchase of the property the debt is held in the name of the BrickX Trust and not yours, the debt itself will be secured by the property.
How is the property selected?The BrickX property team will review properties you select ensuring that the assets are acceptable to the BrickX Platform.
The BrickX Property Investment Management team will also assist with the financial modelling to assess the properties ability to cover its costs, as well as the costs involved in running a compliant trust and also to provide you with a prospective forecast in respects of any potential income that it may generate.
The BrickX Property Investment Management team will also assist with the financial modelling to assess the properties ability to cover its costs, as well as the costs involved in running a compliant trust and also to provide you with a prospective forecast in respects of any potential income that it may generate.
What happens at the end of the trust term?The initial trust term is 5 years.
At the end of a trust term, the standard BrickX processes will kick in:
A member vote will be managed where you and your syndicate will vote on whether you want to:
At the end of a trust term, the standard BrickX processes will kick in:
A member vote will be managed where you and your syndicate will vote on whether you want to:
- Sell the property;
- Extend the term.
Can I rent or sublease the property?Yes - For the duration of the agreement, state-based standard tenancy rules will apply.
What documents will I need to apply?Once you have completed the initial application, BrickX will touch base with you to discuss your property buying strategy with you and the BrickX process in more detail.