Park Place Finance Review
Founded 2006 · Dallas, TX · Nationwide
3.7
Editor Rating
Park Place Finance is a private lender specializing in hard money, bridge, and fix-and-flip loans. Known for flexibility on property types and deal structures.
Editor's Take
Park Place Finance fills a niche for investors doing smaller deals in lower-cost markets. Their $50K minimum loan is among the lowest in the industry — if you're flipping houses in Detroit, Memphis, or other affordable markets where deal sizes run $60K–$120K, many national lenders won't touch it. Park Place will. They also finance land and commercial properties, adding flexibility for non-standard deals.
— Bill Rice, 30+ year mortgage lending veteran
Park Place Finance Review: The Full Breakdown
Park Place Finance is one of the longer-running independent hard-money lenders on this list. According to the company, it was founded in 2006 in Austin, Texas by Justin Hubbert, who still leads it. Hubbert came up as a conventional loan officer and an active house-flipper himself before launching the firm — a background that fits a lender built around the realities of fix-and-flip investing rather than a desk-bound underwriting model.
The company reports having funded more than $1 billion in loans over its history and has grown its team substantially in recent years, while staying an independent, founder-led shop rather than part of a larger financial group. That independence can mean a more direct, relationship-driven process than you'd get from a national institution.
For investors, Park Place focuses on hard-money financing for flips and short-term deals out of its Austin base. As a privately held lender, much of its published track record is self-reported, so the usual discipline applies: confirm current rates, points, and terms in writing for your specific deal, and check the firm's NMLS registration and Better Business Bureau profile before you commit.
Pros & Cons
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
Loan Products Offered
Eligible Property Types
Best For
Compare Park Place Finance
Park Place Finance Review: Frequently Asked Questions
Is Park Place Finance a legitimate lender?
Park Place Finance is an established lender founded in 2006 and headquartered in Dallas, TX. It lends nationwide and specializes in hard money loans, fix-and-flip loans and bridge loans. To verify it for yourself, confirm Park Place Finance's current NMLS registration and state licensing, check its Better Business Bureau (BBB) profile and reviews, and compare written quotes before you apply.
What are the pros and cons of Park Place Finance?
Pros: Low minimum loan ($50K) — great for low-cost markets; Flexible property types including land and commercial; Low credit requirements (600). Cons: Higher rates than institutional-style lenders; Higher origination fees (2–3 points); No DSCR or long-term products.
What credit score do you need for Park Place Finance?
Park Place Finance's published minimum credit score is 600. A higher score generally unlocks better rates and higher leverage. Requirements vary by loan program and are subject to change.
What rates and fees does Park Place Finance charge?
Park Place Finance's rates run approximately 9%–13% with origination fees of 2–3 points, on loans from $50K to $2M (up to 75% LTV). All figures are approximate and subject to change — request a written quote for your scenario.
Can you close with Park Place Finance in an LLC?
Yes. Park Place Finance allows investors to take title in an LLC, which many use for liability protection and cleaner portfolio organization.
How fast can Park Place Finance close a loan?
Park Place Finance typically closes in 7–14 days, depending on the loan program, the property, and how quickly you provide documentation.
Disclaimer: Rates, terms, and requirements shown are approximate and based on publicly available information as of March 2026. Actual terms may vary based on your credit profile, property details, and market conditions. Always verify current terms directly with the lender before making financing decisions. ProInvestorHub provides editorial reviews for educational purposes and does not guarantee loan approval or specific terms.