FAQ
Lenders.
This FAQ provides an overview of how Beplace engages with lenders on behalf of borrowers. It covers lender selection and restrictions, and lender engagement processes.
|Lender Selection and Restrictions.
Does Beplace work with all lenders?
Beplace works with a broad network of lenders but follows a common-sense strategy when assessing lender suitability for each client. If a borrower is currently or was previously in dispute with a lender, we do not submit loan applications to that lender on their behalf. If another Beplace client had a dispute with a lender, we evaluate the circumstances before making a recommendation. Some disputes are borrower-specific, while others reflect broader lender practices that could impact future transactions. Borrowers may also instruct us in writing to exclude specific lenders from consideration. Our priority is ensuring that borrowers engage with lenders that are a strong strategic fit, with terms that align with their business objectives.​​​​​​
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Can Beplace work with my existing lender?
We do not initiate contact or communicate with your current lender about your active loan unless explicitly authorized. However, we can provide guidance on lender communications and strategy.​​ Any unsolicited communication from a current lender will be forwarded to the borrower without response from Beplace.​​​​
If the loan is in any stage of delinquency, default, forbearance, workout, pre-foreclosure, foreclosure, receivership, or bankruptcy but not yet in litigation, we will proceed cautiously and follow the borrower’s directives while ensuring compliance with applicable legal and regulatory considerations. If legal action is initiated, we will defer to the borrower's attorney and follow any legal directives provided.
|Lender Engagement Process.
Does Beplace coordinate with multiple lenders at once?
Yes. We research, evaluate, and engage with multiple lenders simultaneously to secure the best possible financing options for borrowers.
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What if a borrower needs to replace a lender mid-transaction?
Beplace can pivot quickly to identify alternative lenders and reposition the transaction to maintain momentum, avoiding disruptions to the financing process.