Purchase Bridge Loan for Single-Family Residence in San Antonio, Texas

Funded by Park Place Finance


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Single Family Residence
Property City

San Antonio

Property State


Loan Term (months)


Lien Type

1st Trust Deed

Payment Type

Interest Only

Purchase Price


Loan-to-Purchase Price


Borrower's Contribution to Purchase


Location Type


Interest Rate


Deal Highlights

First-time investor.
This was a Broker Referral deal from a repeat Broker.

Deal Summary

Park Place Finance, a national direct private lender, funded a $739,650 1st lien position bridge loan for the acquisition of a single-family home in San Antonio, TX. We funded 75% of the $986,200 purchase price and the Borrower contributed 25% cash at closing. This was a first-time Borrower with Park Place Finance, introduced to them by a Broker Referral. The interest rate was 11.99%. The loan term was set at 12 months. This SFR purchase bridge loan was funded in July 2023. 

Funded By

Park Place Finance

Nationwide Direct Private Lender for Residential Real Estate Investors