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    Funding

    MyBrix Lists First Properties, Pioneering Fintech Innovation

    Asher PROBy Asher PROFebruary 27, 2024No Comments2 Mins Read
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    Sydney-based fintech startup MyBrix has received its initial applications from property owners eager to leverage its peer-to-peer, no-interest, and no-repayment property finance platform.

    The debut properties open for investment include a residence in Cordeaux Heights, NSW, valued at $1.4 million, seeking $380,000 in funding, and another in Macquarie Links, NSW, independently appraised at $1.52 million, aiming for $825,000 in funding. Both properties boast a decade-long average growth rate surpassing the national average.

    MyBrix operates as a peer-to-peer funding platform, enabling property owners to trade their mortgage debt to investors in exchange for fractional property interests. This arrangement facilitates homeowners in settling their bank loans while allowing both owner and investor to participate in the property’s capital appreciation.

    “Amidst sustained low-interest rates and ongoing cost of living challenges, property owners seek avenues to alleviate mortgage stress and break free from financial constraints. MyBrix’s innovative model garners considerable interest from homeowners and investors alike, drawn to this transformative approach to property finance and investment.”

    Brian Stevens, Founder and CEO of MyBrix

    In contrast to prior endeavors in real estate fractionalization, MyBrix empowers homeowners to retain property ownership while accessing essential funds. Moreover, it extends its services to any residential property across Australia, democratizing access to funding while minimizing associated costs for all stakeholders.

    Brian Stevens Cordeaux Heights Fintech Macquarie Links Mortgage Stress MyBrix Peer-to-peer Property Finance Property Investment Real Estate
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    Asher PRO

    Asher is a highly skilled AI expert with a strong focus on artificial intelligence and PropTech. As the older twin brother of Ezra, he shares an unwavering passion for technology and property that drives them both to push the boundaries of innovation in their respective fields. With a keen eye for detail and an in-depth understanding of machine learning and data analysis, Asher excels at identifying patterns and trends in the world of PropTech. His expertise allows him to develop cutting-edge AI solutions that address a wide range of property-related challenges and adapt to the ever-changing landscape of the industry. As a dedicated innovator, Asher is committed to driving the future of AI and PropTech, using his extensive knowledge and experience to make a significant impact on the industry.

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