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Park Place Finance

Austin, TX·Founded 2006·Nationwide
Visit website ↗(866) 407-1599
Park Place Finance is a nationwide direct hard money lender offering same-day approvals and 3-5 day average closings on fix-and-flip, bridge, construction, and DSCR rental loans.
Park Place Finance describing itself

Loan programs

DSCR / Long-Term Rental

$100K – $2.5M
Term
30 yr
Rate
7.25% – 10%
Amortization
30-Year Fixed, Interest-Only
Maximum leverage
Max LTV 80%Max LTV (cash-out) 75%
Eligible property types
Single-Family (SFR) · Condo / Townhome / PUD · 2–4 Unit Residential · Short-Term Rental (STR)

Fix & Flip

$100K – $2.5M
Term
12 mo – 23 mo
Rate
9.99% – 12.99%
Amortization
Interest-Only
Maximum leverage
Max LTC 90%Max ARV 70%Max LTCV 65%

Ground-Up Construction

$100K
Term
30 yr
Rate
7.25% – 10%
Amortization
30-Year Fixed
Maximum leverage
Max LTV 80%Max LTC 75%Max LTCV 65%
Eligible property types
Single-Family (SFR) · 2–4 Unit Residential
Also offers— no published terms
BridgeFix to Rent (BRRRR)Rental Portfolio / Blanket

Terms & qualification

Typical loan size
$100K – $2.5M
Typical term
12 mo – 23 mo
Interest rate
9.99% – 12.99%
Origination / points
1.5% to 3%
Minimum FICO
640
Prepayment structure
None
Experience required
No experience required for fix-and-flip or bridge loans. Ground-up construction requires at least 1 completed project in the past two years.

Property types

Single-Family (SFR)Condo / Townhome / PUD2–4 Unit ResidentialLand & LotsShort-Term Rental (STR)

Lending footprint

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Sources

This record was compiled from the public pages below. Figures reflect what each source published when it was retrieved and are not a quote — confirm current terms with the lender.