- Prepare a project. Identify the property, legal issuer, developer, cost plan, independent reviewers, funding target, contingency, fees, and distribution rules.
- Raise capital. Accept eligible subscriptions under the project’s terms. Count settled construction capital separately from trading liquidity and market value.
- Build against evidence. Link each request for development funds to a budget line, completed work or an authorized advance, and the required approvals.
- Handle changes. Publish material delays and revised costs. Follow the project’s amendment, dispute, or recovery process before further affected spending.
- Sell or otherwise realize value. Record actual sale proceeds and closing costs. An asking price or signed agreement is not cash available to distribute.
- Close out. Apply the published payment order, fund the distribution, and satisfy each valid participation claim once.
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How Brikks works
The proposed lifecycle of a property participation project.
This page explains the proposed operating model. Individual projects need published, approved terms before anyone can rely on these rights.