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
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%
Loan Terms
12 months to 23 months
Origination Fees
1.5% to 3%
Lien Position
1st
What we do:
Fix and Flip Loans
Bridge Loans - Purchase, Refinance, Cash Out
DSCR / Long Term Rental Loans
Ground Up / New Construction Loans
What we don’t consider:
100% Financing
Land Loans
Owner-Occupied Homes
Commercial Real Estate
Credit Check Required

yes

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.
Prepayment Penalty

no

Typical Closing Time (Days)

7

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 75%
Max LTP Multifamily: 75%
Purchase Long-Term
Max LTP Residential: 80%
Max LTP Multifamily: 80%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 75%
Max LTV 1st Lien Multifamily: 75%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 65%
Refinance Long-Term
Max LTV Residential: 80%
Max LTV Multifamily: 80%
Residential Fix & Flip
Max LTP: 85%
Max LTC: 90%
Max LTARV: 70%
Residential Rehab & Hold
Max LTP: 85%
Max LTC: 90%
Max LTARV: 70%
Multifamily Value-Add
Max LTP: 85%
Max LTC: 90%
Max LTARV: 70%
Residential Construction
Max LTP Land: 60%
Max LTC: 75%
Max LTCV: 65%

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
The max loan to cost is 90% subject to conditions. The maximum ARV LTV is 70%. The down payment from the borrower will be 15-20%.

Max Loan-to-Purchase Price

85%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Equity in Subject Property
  • Equity in Another Investment Property
Maximum LTC for experienced borrowers. Borrowers without experience may require additional down payment. Can close in 3-5 days.

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

2

Maximum After Repair Value

70%
Permits are required before construction draws are released. Single family, residential properties only. Borrower should have completed at least 1 construction project in the last two years.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

75%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Minimum Loan Amount

$100,000

Maximum Loan Amount

$2,500,000

Minimum Interest Rate

7.25%

Maximum Interest Rate

10%

Minimum Origination Fee

1%

Maximum Origination Fee

3%

Minimum Loan Term

360 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

80%

Maximum Loan-To-Purchase

80%

Seasoning Time

3 months

Minimum Debt Service Coverage Ratio

0.70

Will Lend on a Portfolio of Properties

Yes

Maximum Number of Properties

3

Minimum Property Value

$100,000

Processing Fee

$1,495 covers processing and document fees.

Legal Fee

$595

Minimum Origination Fee Amount

$2,000

Details and Requirements

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
Will lend to a foreign national

yes

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

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Minimum Credit Score Required

640

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

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

Contact Park Place Finance

Park Place Finance pays us to be listed, so there is no fee to connect with them directly.
737-265-8517 737-265-XXXX
Click to show phone number
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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
License

Texas NMLS License #367411

Company Size (Number of Employees)

50

Year Established

2006

Associations

  • American Association of Private Lenders

Office Locations

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

Primary Capital Source
  • Own Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Residential Property

100%

Total Number of Loans Funded to Date

4,000

Total Loan Volume Funded to Date

$1,000,000,000

Our Team

Justin Hubbert

President

Dustin Hughey

VP of Sales and Operations

Rob Klepner

Loan Originator

Justin Vollmer

VP Strategic Initiatives

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

Park Place Finance pays us to be listed, so there is no fee to connect with them directly.
737-265-8517 737-265-XXXX
Click to show phone number
Send email Create a Loan Request

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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What we do:
Fix and Flip Loans
Bridge Loans - Purchase, Refinance, Cash Out
DSCR / Long Term Rental Loans
Ground Up / New Construction Loans
What we don’t consider:
100% Financing
Land Loans
Owner-Occupied Homes
Commercial Real Estate

Contact Park Place Finance

Park Place Finance pays us to be listed, so there is no fee to connect with them directly.
737-265-8517 737-265-XXXX
Click to show phone number
Send email Visit Website

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