Frequently Asked Questions

A private or hard money loan is short-term financing from a non-bank lender, typically secured by the value of a property rather than qualified primarily on the borrower's personal income. Real-estate investors use it to move quickly on a purchase, fund a renovation, or bridge a gap between two transactions. These loans are structured for business purposes, not for financing a primary residence.

Eligible property types depend on the loan program and the specific deal. Tell us about the property and your plan for it, and we'll let you know whether it fits one of our programs or where to look next.

Closing timelines depend on the complexity of the deal, how quickly documentation and valuation can be completed, and the specific loan program. We'll give you a realistic estimate for your deal once we understand its details — we don't publish a single number because it varies by transaction.

Investing experience is one of several factors we review, alongside the specifics of the deal. Tell us about your background and the project, and we'll explain what that means for your options.

Rates and fees are set deal-by-deal based on factors like leverage requested, property type, experience, and overall risk. We do not publish a flat rate because it would not be accurate for most borrowers. You'll receive a specific breakdown as part of your quote — clearly marked as conditional until underwriting is complete.

Documentation requirements vary by loan program and by the specifics of your deal. Typical items can include entity documents, a purchase contract or property information, a scope of work for renovation projects, and proof of funds for your portion of the deal. We'll provide a specific checklist once we understand your transaction.

For loans that include a renovation or construction budget, funds for that portion are typically released in stages (draws) as work is completed and verified, rather than all at closing. Exact draw procedures, inspection requirements, and turnaround expectations will be documented in your loan agreement.

Valuation requirements depend on the loan program and the deal. Some transactions may rely on an appraisal, others on a different valuation method. We'll confirm what's required for your specific loan during the quote process.

Whether an extension fee applies, and how much it would be, depends on your loan agreement and the reason for the extension. Any such fee would be disclosed in your loan documents — ask your loan specialist before you close if this is a concern for your timeline.

BGBL Capital's confirmed service areas are being finalized. Contact us to ask whether we lend in your state.

Submitting the quote form on this site does not run a credit check. If a credit inquiry becomes necessary later in the process, we will tell you before it happens and explain whether it is a soft or hard inquiry.

No. A quote or preliminary scenario is not an approval, a commitment to lend, or a guarantee of terms. All financing is subject to underwriting, documentation, valuation, eligibility review, and final approval. Terms can change based on information gathered during that process.