BGI Capital

About BGI Capital

BGI Financial is a Miami, FL based private money lender who offers funding throughout Broward County, Miami-Dade County, Palm Beach County, and Monroe County. They provide loans for a variety of scenarios, including loans for investments properties, short term loans, fix and flip loans, refinancing, and commercial loans. They issue loan amounts ranging from $100,000 to $3,000,000 with a maximum LTV of 50% and terms between 12 months and 36 months. They offer loans on numerous types of properties, including single family units, multi family residences, apartment buildings, office units, retail units, and mixed use.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use

Areas Served: Broward County, Miami-Dade County, Palm Beach County, Monroe County

Licenses: NMLS #1711349

Lending Guidelines for BGI Capital

Below are the general loan guidelines published on the BGI Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by BGI Capital.

Loan Example 1

Becky finds a townhome in Miami, FL to renovate and sell. Since she doesn't have enough cash available to acquire the $310,000 house outright, she takes out a private money loan from BGI Financial. The borrower will need to contribute 30% of the sales price in cash to the closing based on a 70% loan to value set by the lender. This makes the loan principle from BGI Financial $217,000. The terms of the loan dictate a 8% note for 12 months. They also stipulate a 3 point origination fee, which will also have to be paid when the property closes.

In accordance with the terms of the deal, Becky will need to contribute a $6,510 origination fee plus 30% of the sales price, or $93,000, based on the 70% LTV. After the loan is closed and Becky takes over the project, she will begin making monthly payments of $1,447 to BGI Financial ($217,000 principle x 8% / 12 months). If Becky sells the property for $449,500 after 12 months, she would earn a gross profit of $115,630 after subtracting the principle amount of $217,000, the cash contributed at the close of $93,000, the origination points of $6,510, and the total interest payments of $17,360. This gross profit doesn't include renovation costs.

Loan Example 2

Herman takes out a hard money loan from BGI Financial so he can renovate a property to re-sell in Miami, FL. The loan has the following terms:

a) A $230,000 sales price, b) a 70% loan-to-value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 5% origination fee.

Herman intends to list the project when the note expires for $333,500. If he accomplishes his goal, the outcome would be the following:

$333,500 sales price
- $161,000 note principle (70% LTV)
- $69,000 down payment (30% on 70% LTV)
- $8,050 origination fee (5% of the $161,000 principle amount)
- $21,735 total interest paid (18 months x 9% interest)
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= $73,715 total profit (doesn't include taxes or renovation costs)

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