Direct Lender for Residential Real Estate Investors Nationwide
Established in 2006, Park Place Finance is a nationwide, direct private lender, specializing in Fix and Flip, Construction, Bridge, and DSCR loans. With same day approvals and an average 3-5 day close time, Park Place is the business partner you need to get your real estate investments funded. Our borrowers benefit from competitive rates dependent on property location, the borrower’s experience, and the borrower’s credit. Our national footprint offers you endless opportunities for your growing portfolio.
- Lending in most states nationwide
- Residential Investment Properties only (1-4 units)
- Fix & Flip loans up to 90% loan-to-cost; borrowers need 15%+ down payment
- Ground-Up Construction loans up to 75% loan-to-cost; project must have permits in hand
- DSCR long-term rental loans up to 80% loan-to-value
- 640 Minimum FICO Score required
Please Note: We do NOT offer loans secured by owner-occupied homes, vacant land or commercial properties.
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Maximum Leverage
Purchase Short-Term (no Value-Add)
Purchase Long-Term
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Refinance Long-Term
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Residential Construction
Property Types
- 2-4 Units Residential
- Condominium
- Multifamily
- Portfolio of Residential Properties
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Ground-Up Construction
Specialty Loan Types
- Residential Long-Term Rental
- Residential Short-Term Rental
- Vacation Rental
Max Loan-to-Purchase Price
85%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Equity in Subject Property
- Equity in Another Investment Property
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
90%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
2Maximum After Repair Value
70%Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
1Max LTC for Ground-Up Construction Costs
75%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
yesMinimum Loan Amount
$100,000Maximum Loan Amount
$2,500,000Minimum Interest Rate
7.25%Maximum Interest Rate
10%Minimum Origination Fee
1%Maximum Origination Fee
3%Minimum Loan Term
360 monthsMaximum Loan Term
360 monthsMaximum Loan-To-Value
80%Maximum Loan-To-Purchase
80%Seasoning Time
3 monthsMinimum Debt Service Coverage Ratio
0.70Will Lend on a Portfolio of Properties
YesMaximum Number of Properties
3Minimum Property Value
$100,000Processing Fee
$1,495 covers processing and document fees.
Legal Fee
$595
Minimum Origination Fee Amount
$2,000
Park Place Finance Testimonials
"Joe Morley at Park Place Finance is excellent to work with. My recent refi was handled professionally with excellent customer service. I highly recommend anyone to reach out to Joe Morley if you are looking to do a home loan or refi, he is honest and will work through the transaction with your best interest at heart. Thank you Joe."
"Thanks Conor Donovan for helping me and closing the deal in Duluth GA. Unbelievable! Park Place Finance made my day; Pproud to tell my family and friends about Park Place Finance. Thanks again, Mr. Connor Donovan."
"These guys are amazing. They were my first call when I needed my first fix and flip loan. Joe answered all questions, got everything I needed fast, and helped me get the house under contract. When I ran into one small issue, they fixed it so fast that I didn't even have time to worry. They are the best, and I can't wait to continue to use them."
"Connor Donovan was very helpful with my loan from start to finish. I gave him everything he asked for right away and from there on out, he didn't ask for much! I closed on time with no headaches and a lot less fees! Thanks Connor! Let's do it again!"
"The definition(s) and emphasis of dedication, devotion, and diligence was redefined to a whole new level (unimaginably speaking); through out the entire loan process working with Park Place Finance. Look no further, if you need to close quickly, and demand superlative stellar customer service. My loan officer (Joe Morley) was able to help me close the loan within 11 days! Highly recommend you call them; if you prefer this route (hard-money, direct private lending)."
"I was referred to Park Place by a coworker and was not disappointed. I worked with Sera and Nicole and they were phenomenal. The deal was tough but they went the extra step to meet additional stips to get our clear to close. I'm looking forward to growing with Sera , Nicole and Park Place. Great customer service!!"
"Zane Kampfer is easy to work with and quick to respond. I am grateful for his transparency and knowledge! Great partner."
"My account executive Cheyenne Mata was very helpful. Always on top of things and helped in every step of the way, even after closing my deal, he helped me with questions that were for other departments. A great company and fast responses."
"Moune is the master of the DSCR loans, he is knowledgeable and for me as a broker his response time to emails, text and phone calls was appreciated. The entire process was painless, I will be using them again"
"Adam Brinker was professional and very knowledgeable. This was my first hard money lending experience and he helped explain all loan options in simple terms. I was able to acquire an investment property with great confidence thanks to his guidance. I definitely plan on using him again for my next acquisition! Thanks Adam!"
"I worked with Jackson Shea at Park Place a couple of times and it’s been great. Jackson is transparent with the programs they offer, as well with their process. Anytime you have a question, he and his team respond in a timely manner. I definitely recommend Park Place and Jackson Shea to get you to the closing table."
Contact Park Place Finance
Stay Informed About Private Lending
Park Place Finance is a nationwide, direct private lender, specializing in Fix and Flip, Bridge, and DSCR loans. With same day approvals and an average 3-5 day close time, Park Place Finance is the business partner you need to get your real estate investments funded.
Our borrowers benefit from competitive rates dependent on property location, the borrower’s experience, and the borrower’s credit. Our national footprint offers you endless opportunities for your growing portfolio. We look forward to working with you.
- $1 Billion in funded loans
- Average 3-5 day close time
- Trusted by thousands of Real Estate Investors
- Same day approvals
Associations
- American Association of Private Lenders