Fix & Flip Loan for Single Family Residence in Tampa, Florida

Funded by Park Place Finance


Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date


Property Type
Single Family Residence
Property City


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


Source of Borrower's Contribution


Renovation Budget


Renovation Budget Funded


After-Repair Value


Loan-to-After-Repair Value


Interest Rate


Deal Summary

Park Place Finance, a direct private real estate lender, funded a $250,400 1st lien position fix and flip loan for a single-family home in Tampa, FL. We funded 100% of the $55,000 construction budget and 75% of the $258,000 purchase price, while the Borrower contributed 25% cash to the purchase at closing. The after-repair value was estimated at $400,000 so our loan-to-after-repair value was 62%. The Borrower is a first-time flipper, which we do consider. To make up for the lack of experience, newbie investors typically need to have lots of liquidity and a high credit score. The interest rate was 12.99%. The loan terms were our standard 12-month term loan with interest-only payments and no prepayment. This SFR fix and flip loan was funded in February 2024 and we have since helped the Borrower on another property in Tampa.

Funded By

Park Place Finance

Nationwide Direct Private Lender for Residential Real Estate Investors


Elliot Holmes

Account Executive