Park Place Finance vs Groundfloor
Park Place has the lowest minimum loan in the industry ($50K) and finances land — ideal for Detroit, Memphis, and other low-cost markets. Groundfloor has no prepayment penalty. Both work with beginners.
Shared products: Hard Money, Fix & Flip · Updated March 2026
3.7
Park Place Finance
Wins 2 categories
3.8
Groundfloor
Wins 2 categories
Full Comparison
| Feature | Park Place Finance | Groundfloor |
|---|---|---|
| Interest Rates | 9%–13% | 7.5%–14%Better |
| Max LTV | 75% | 75% |
| Min Credit Score | 600 | 600 |
| Loan Range | $50K–$2M | $75K–$1M |
| Origination Fee | 2–3 points | 2–4 points |
| Speed to Close | 7–14 days | 14–21 days |
| Experience Required | No experience required | No experience required |
| LLC Borrowing | Yes | Yes |
| Interest-Only | Available | Available |
| Prepayment Penalty | None | None |
| Foreign National | No | No |
| Coverage | Nationwide | Regional |
| Property Types | SFR (1-4), Multifamily (5+), Mixed Use, Commercial, LandBetter | SFR (1-4), Condo, Townhouse |
| Loan Products | 3 productsBetter | 2 products |
| Founded | 2016 | 2013 |
| Editor Rating | 3.7 / 5.0 | 3.8 / 5.0Better |
Pros & Cons
Park Place Finance
Pros
- +Low minimum loan ($50K) — great for low-cost markets
- +Flexible property types including land and commercial
- +Low credit requirements (600)
- +No prepayment penalties
- +Fast closings (7 days possible)
Cons
- –Higher rates than institutional-style lenders
- –Higher origination fees (2–3 points)
- –No DSCR or long-term products
Groundfloor
Pros
- +No prepayment penalties — sell early without penalty
- +Works with first-time flippers
- +Low minimum credit score (600)
- +Transparent pricing and terms
- +Lower minimum loan amount
Cons
- –Not available in all states
- –Higher origination fees (2–4 points)
- –Max loan amount lower than competitors ($1M)
- –Crowdfunding model can mean variable availability
Frequently Asked Questions
Is Park Place Finance or Groundfloor better for real estate investors?
Park Place has the lowest minimum loan in the industry ($50K) and finances land — ideal for Detroit, Memphis, and other low-cost markets. Groundfloor has no prepayment penalty. Both work with beginners.
What loan types do Park Place Finance and Groundfloor both offer?
Both lenders offer Hard Money, Fix & Flip. Park Place Finance offers 3 total products vs Groundfloor's 2.
Which has lower rates, Park Place Finance or Groundfloor?
Park Place Finance advertises rates starting at 9% while Groundfloor starts at 7.5%. Groundfloor has the lower starting rate, but actual rates depend on your credit score, LTV, property type, and loan product. Always get quotes from both lenders.
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