Park Place Finance Review 2026: DSCR Rental Loan Terms

Park Place Finance lends to real estate investors from its main office at 901 S Mopac Expressway in Austin, Texas. Its website, parkplacefinance.com, lists four kinds of investor loans: renovation (fix-and-flip), bridge, ground-up construction and a 30-year rental loan that qualifies on the property's rent. This Park Place Finance review covers the rental loan, which works as a DSCR loan, and what other sites report about the company.

Several unrelated companies share the Park Place name. The Park Place Properties and Park Place Payments pages on Trustpilot belong to a property manager and a payments company. A review that mentions Austin, parkplacefinance.com or Texas NMLS 367411 is about this lender.

The site says Park Place has been in business 20 years, has funded more than $2 billion, and covers 46 states. It names California, Texas, Florida, North Carolina and Georgia as its largest markets. Justin Hubbert is president, and Christopher Burke is chief credit officer. The site doesn't say who owns the company.

How you get a Park Place Finance loan

You can send a deal straight to Park Place. The site's "Submit a Loan" button opens an inquiry form at go.parkplacefinance.com, and the phone line is (866) 407-1599. Its BiggerPockets business profile calls it a "nationwide direct private lender."

Brokers place loans with Park Place too. The FAQ answers "Do you work with brokers?" with "Yes. Broker partnerships are an important part of our business," and the site has a broker registration page. Park Place doesn't publish broker pay. If you go through a broker, get the broker's fee in writing before you sign a term sheet.

The site footer says "all borrowers are required to close under an LLC," so you need an entity in place before closing.

Park Place also raises money from outside investors. The site's "Invest" link goes to investwithppf.com. SEC EDGAR lists a Form D filed April 27, 2023 by Park Place Real Estate Fund, LLC. A third-party review on CrowdfundedWealth ties that fund to the lender and reports the filing lists a $100 million offering and a $100,000 minimum investment.

Park Place Finance DSCR loan terms

Park Place calls this product its rental loan. It qualifies the loan on rental income divided by the monthly payment, and its FAQ says that payment may include principal, interest, taxes, insurance and association dues. Here is what the rental page listed on Nov. 3, 2026. The 30-year term comes from the rental card on the homepage.

The FAQ fills in more. Depending on the scenario, DSCR financing "may include" fixed-rate and interest-only structures, portfolio loans and "different prepayment structures," and "DSCR rental loans may require taxes and insurance to be escrowed." If your credit sits below the minimum, the FAQ says "certain loan scenarios may qualify for an exception when compensating factors are present," such as investing experience, extra guarantors or stronger liquidity. If your DSCR comes in short, it lists lower leverage, a different loan structure or a rate buydown as options.

Park Place doesn't publish these items:

• whether the 30-year loan is fixed for the full term or has ARM versions
• a prepayment penalty schedule (the rental page lists "No PPP Options" and the FAQ mentions other prepayment structures, with no terms for either)
• a separate rate-and-term refinance LTV
• seasoning or reserve requirements
• whether foreign nationals qualify
• terms for buildings with 5 or more units
• which 46 states it covers

A search-result snippet of Park Place's BiggerPockets profile lists Alaska, Minnesota, Nevada, North Dakota and South Dakota as excluded. Five exclusions would leave 45 states, one short of the site's 46, and CrowdfundedWealth reports that an older version of the site said 45. Confirm your state with Park Place before you pay for an appraisal.

Park Place Finance rates and points

The rental page shows "Rates starting at 5.75%" next to "0–4% (Buydown Points)." It doesn't date the rate, and it doesn't say how many points or what credit score, LTV and DSCR the 5.75% assumes. Ask for a written quote on your own deal that shows the rate and the points side by side.

For DSCR loans, the FAQ says the rate depends on the property's DSCR, the LTV, your credit, the property's characteristics and market conditions. Park Place doesn't post rental loan fees. Ask for origination, underwriting, legal and appraisal charges on the quote.

Paperwork Park Place asks for on a rental loan

The rental page lists the documents it commonly collects:

• purchase contract (on a purchase)
• a schedule of the real estate you own
• property insurance
• driver's license
• your last 2 bank statements
• the subject property's lease
• LLC or entity documents
• a payoff letter (on a refinance)

Tax returns, W-2s and pay stubs aren't on it. The page also accepts vacant properties, so ask how Park Place sets the rent figure when you have no lease.

Park Place Finance reviews on other sites

Park Place doesn't have a Trustpilot profile we could find on Nov. 3, 2026. The Trustpilot pages under similar names belong to other companies.

Search-result snippets of Park Place's BiggerPockets business page, read Nov. 3, 2026, show 4.8 out of 5. Two snippets give different review counts, 364 and 470, so we couldn't confirm the current number. We read these through search results, not the page itself.

The Park Place homepage shows four five-star testimonials labeled "Google Review," one of them about a fix-and-flip loan. It shows no overall Google rating or count, and we didn't find one in search results.

Park Place Finance complaints and licensing

CrowdfundedWealth's review, dated Oct. 9, 2026, reports these records. We couldn't open the BBB or CFPB sites ourselves.

• BBB (Austin): B- rating, not accredited. CrowdfundedWealth reports BBB lists failure to respond to 1 complaint as the reason, and dates the BBB file to June 10, 2013.
• CFPB: 1 complaint against Park Place Finance, LLC, received Feb. 20, 2026, from California. CrowdfundedWealth lists the product as conventional home mortgage and the issue as "trouble during payment process." It reports that the company disputed the facts and responded on time.
• Federal courts: CrowdfundedWealth found no federal docket naming Park Place Finance as a party. It didn't search state courts.

We found no state or federal enforcement action naming Park Place Finance in search results on Nov. 3, 2026.

The site footer lists Texas NMLS license 367411 and California NMLS license 1112281. Park Place also has a Conventional Purchase page written for homebuyers. It describes Fannie Mae and Freddie Mac loans and says a credit score of 620 or higher is best "in most cases." The same page's footer says every borrower closes in an LLC, and the site doesn't explain how the two fit together.

Where Park Place's rental loan fits

Park Place's rental terms match these files:

• An investor buying a 1 to 4 unit rental with a loan between $100,000 and $5 million who wants up to 85% financing and will close in an LLC.
• A short-term rental owner, since the page counts Airbnb income.
• A buyer of a condotel or non-warrantable condo, two property types the page names.
• A flipper who wants the rehab loan and the rental refinance at one lender, since Park Place makes both.

The rental page doesn't list buildings of 5 or more units, and the footer requires an LLC at closing. Fees and the prepay schedule come only on a quote.

Park Place Finance FAQ

Is Park Place Finance legit?

Park Place Finance is an Austin, Texas investor lender that says it has been in business 20 years and has funded more than $2 billion. Its site lists Texas NMLS license 367411 and California NMLS license 1112281. CrowdfundedWealth, in an Oct. 9, 2026 review, reports a BBB B- rating and one CFPB complaint.

Does Park Place Finance do DSCR loans?

Yes. Its rental loan qualifies on the property's rent. The page lists a 0.75 minimum DSCR, 660 minimum credit, $100,000 to $5 million and a 30-year term.

What credit score does Park Place Finance require?

The rental page lists 660. The FAQ says some files below the minimum may get an exception when compensating factors are present, such as investing experience, extra guarantors or stronger liquidity.

Does Park Place Finance lend on Airbnb rentals?

Yes. The rental page lists Airbnb, long-term and vacant as accepted rental income types.

Can I get a Park Place Finance loan in my own name?

The site footer says all borrowers must close under an LLC.