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Park Place Finance

Park Place Finance, based in Austin, Texas, is a nationwide private lender established in 2006, specializing in Fix and Flip, Construction, and DSCR loans. They provide same-day approvals and quick closings for residential real estate investments across multiple states, focusing on properties with 1-4 units.

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.

Common Loan Scenarios
  • Fix and Flip Loans
  • Bridge Loans - Purchase, Refinance, Cash Out
  • DSCR / Long Term Rental Loans
  • Ground Up / New Construction Loans
Scenarios Not Considered
  • 100% Financing
  • Land Loans
  • Owner-Occupied Homes
  • Commercial Real Estate

Details and Requirements

Property Geographic Area Details

For short-term loans, we lend nationwide except AK, ND, SD. For DSCR long-term loans, we lend nationwide except AZ, IN, MN, ND, NV, SD, UT, VT.

Loan Amounts

$100,000 to $2,500,000

Interest Rates

9.99% to 12.99%

Origination Fees

1.5% to 3%

Loan Terms

12 to 23 months

Lien Position

1st

Credit Check Required

yes

Credit Check Details

Minimum 640 FICO score required. These are general guidelines and exceptions can be granted on a case-by-case basis, however leverage, pricing, and terms may be affected.

Minimum Credit Score Required

640

Prepayment Penalty

no

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
Personal Guaranty (Recourse) Required
Always
Borrower Entity Types Considered
  • Individual(s)
  • LLC
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Equity Joint Venture

no

Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
Park Place Finance’s Lending Activity
Data Provided By Elementix
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12mo Loan Volume

$513,859,950

12mo Loan Count

1,012

Total Loan Volume

$2,410,074,287

Average Loan Size

$372,155

Loan Count by State (Past 12 Months)
TX: 596, FL: 131, CA: 59, GA: 52, NC: 50, NJ: 22, PA: 34, IL: 28, TN: 23, SC: 17
Data provided by Elementix | Disclaimer

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

Office Locations

500 West 2nd, Suite 1900, Austin, Texas 78701

Connect with Park Place Finance:

Our Team

Justin Hubbert

President

Dustin Hughey

VP of Sales and Operations

Rob Klepner

Loan Originator

Justin Vollmer

VP Strategic Initiatives

Info Our minimum loan amount is $100,000

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