Fix & Flip Loan for Duplex in Columbus, Ohio

Funded by Park Place Finance


Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date


Property Type
2-4 Units Residential
Property City


Property State


Loan Term (months)


Lien Type

1st Trust Deed

Payment Type

Interest Only

Purchase Price


Loan-to-Purchase Price


Renovation Budget


Renovation Budget Funded


After-Repair Value


Loan-to-After-Repair Value


Renovation Project Scope


Borrower's Plan

Rehab and Rent

Exit Strategy


Interest Rate


Origination Points


Deal Highlights

Experienced Investor.

Deal Summary

Park Place Finance, a direct private real estate lender, funded a $344,000 1st lien position fix and flip loan for a single-family home in Columbus, OH. We funded 80% of the $224,000 purchase price and 100% of the $120,000 renovation budget. The after-repair value was estimated at $505,000, so our loan-to-after-repair value was 68%. The Borrower will be performing a cosmetic overhaul on the duplex and intends to rent the property upon completion and will refinance into a long-term rental loan as an exit strategy. The subject property is approximately 2,200 square feet set in a 4,400-square-foot lot in a nice area of Columbus. The Borrower is an experienced investor who has completed 10 fix & flips / fix-to-rent projects over the past few years. The interest rate was 11.99% and we charged 2% origination. The loan terms were our standard 12-month term loan with interest-only payments and no prepayment. This fix and flip loan was funded in October 2023.

Funded By

Park Place Finance

Nationwide Direct Private Lender for Residential Real Estate Investors


Josh Breadon

Account Executive