Park Place Finance

Park Place Finance is an Austin-based mortgage company specializing in Fix and Flip, Bridge, and DSCR loans for residential real estate investors across 47 states. The business claims to have funded over $2 billion in loans and operates with a team of real people dedicated to helping investors maximize their returns. They offer flexible financing solutions with responsive service and competitive terms designed to help clients move quickly when timing matters.

The company serves a wide range of real estate investors, from those financing their first investment property to experienced operators building and expanding portfolios nationwide. They take time to understand the individual goals behind each investment, whether the client is acquiring their first property, taking on a new construction project, or pursuing their next opportunity. Their standard remains professional service, dependable communication, and dedicated support to help investors move forward with confidence.

To get started, potential clients can visit their website at parkplacefinance.com or call their main office at (866) 407-1599. They provide a streamlined process where a dedicated Account Executive guides the financing from the initial scenario through closing, ensuring the process moves efficiently. Borrowers are required to close under an LLC structure to ensure limited liability protection and align with lending requirements for investment property transactions.

Park Place Finance offers several specific loan programs including Renovation, Bridge, Ground-Up Construction, and Rental loans. The Renovation Loan Program allows up to 93% ARV with a 5–7 day closing, while the Bridge program provides short-term financing for acquisitions and refinances with up to 80% refi LTV. The Ground-Up Construction program supports projects from the ground up with up to 90% ARV and in-house draws, and the Rental program is primarily based on the property's income rather than personal income.

The company differentiates itself by offering in-house appraisals, which they claim is designed to provide greater responsiveness and help keep financing moving forward. They also emphasize a 5–7 business day closing process supported by an experienced lending team and established underwriting procedures. Additionally, they provide a dedicated Account Executive to guide the financing from the initial scenario through closing, ensuring consistent support throughout the lending relationship.

Pricing and leverage are determined by several factors including credit profile, real estate investing experience, property details, project size, and loan term. The team reviews the full scenario to determine the financing structure available for the project, meaning rates and terms are not one-size-fits-all. For example, the Rental loan program has rates starting from 5.75% and a purchase LTV of up to 85% over a 30-year term.

Reviewers have praised the team for being helpful, professional, and efficient, with some noting that staff members like Joe, Brock, Jose, and Traci provided great solutions and support throughout the process. However, one recent Trustburn review from July 2024 gave the company a 1 out of 5 rating, citing lacking communication and service that did not meet expectations. The rating split currently shows a 1 out of 5 average from a single review.

The company states that renovation loans may be paid off early without a prepayment penalty, allowing borrowers to exit the loan once the project is complete. Extensions may be available depending on circumstances such as payment history, project status, and overall loan performance. Additionally, certain loan scenarios may qualify for an exception when compensating factors are present, such as relevant investment experience or stronger liquidity.

Visitors can contact Park Place Finance by calling their phone number at (866) 407-1599 or by visiting their website at parkplacefinance.com. The main office is located at 901 S Mopac Expy, Building 2, Suite 375, Austin, TX 78746, and they also have a north office at 7000 N Mopac Suite 200-41, Austin, TX 78731. They also encourage users to submit a loan request online for convenience.

Reddit users and the company's own marketing materials highlight the ability to gain an edge over cash buyers with flexible, rapid financing. The company positions itself as a partner in private lending with a focus on helping investors maximize their return on investment. They emphasize that their platform supports real estate investors across markets nationwide with financing solutions designed for various property types.

Park Place Finance is based in Austin, Texas.

The official website of Park Place Finance is parkplacefinance.com.