Renovation loan solutions

Beginner Fix & Flip

First time flipping a house? Park Place Finance has you covered! We work with first time flippers all the time and have 17+ years lending experience to help you every step of the way. Our loan process is simple, and we can assist in financing both the purchase and the renovation costs of your first investment property fix and flip.

Want to hold the property after renovations are complete? No problem, we have a 30-year fixed portfolio rental loan program once you’re ready to rent. Ask your AE about our DSCR products, or learn more on our DSCR page.

  • Investment Properties Only
  • Fix and Flip, Fix and Hold Loan Options
  • Closing in 3-5 days
  • No Pre-payment Penalty
  • Lending Since 2006
  • Gain Higher Leverage with More Flipping Experience

Compare Loan Programs for New and Experienced Flippers

At Park Place Finance, we believe in Transparency. Our Leverage and Rates are based on Risk and Experience. The more experience you have, the lower the Rates and the higher leverage we can finance.

3+ Flips Last 36 Months
0-2 Flips Last 36 Months
$100,000 to $2,500,000
$100,000 to $1,500,000
10.99% – 12.99%
11.99% – 12.99%
Monthly, Interest Only, No Prepay Penalty
Monthly, Interest Only, No Prepay Penalty
Up to 95%
Up to 85%
Up to 90%
Up to 85%
Up to 100%
Up to 100%
Up To 75%
Up To 70%
6, 12, or 18 Months
6 or 12 Months
Purchase+Rehab, Refinance+ Rehab, Fix and Flip, Fix and Hold
Purchase+Rehab, Refinance+ Rehab, Fix and Flip, Fix and Hold
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Quick Rate Quote

Program Recap

For First Time Flippers (Higher Leverage with Experience)
$100,000 to $1,500,000
11.99% – 12.99%
Monthly, Interest Only, No Prepay Penalty
Up to 85%
Up to 85%
Up to 100%
Up to $250,000
Up to 70%
6 or 12 Months
More Loans, More Experience, More Leverage.
We require less down payment the more loans you do with us. Your first flip we require as little as 15% down, but with experience qualify for as little as 10% down.

Loan Details

Property Types-Urban and Suburban Properties
Closing Costs
Documentation Needed

Park Place Finance specializes in investment property residential real estate and can fund various properties for your first property purchase.

  • Single Family Homes
  • Duplex, Triplex, Quadplex
  • Warrantable Condominiums
  • Townhomes
  • Multifamily 5+ Units (Experience Required)
  • No Rural Properties

Park Place Finance eliminates junk fees and has straight-forward pricing when it comes to fees associated with closing your loan.

  • Document Preparation Fee – $1,495.00
  • 3rd Party Attorney Fee – $535.00
  • Appraisal: $500-$700 typically

To close a Fix and Flip Loan at Park Place, there are a few basic items that you will need to submit to our team. Below is a general list of some of the requirements. Once you apply, you will receive a document portal for easy upload!

  • Purchase Contract (If Purchase)
  • Rehab Budget
  • REO Schedule (Experience)
  • Drivers License
  • Property Insurance
  • Copy of Last 2 Bank Statements
  • LLC / Entity Docs (if using LLC)

Discover the Park Place Advantage

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Close Fast (Typically 3-5 Business Days)

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Competitive Rates (Rates from 10.99%)

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Nationally Trusted (Over 1 Billion Funded!)

What is a Fix & Flip Loan?

There are a handful of options when it comes to financing an investment property. Loan types often differ based on their qualification requirements and the terms they offer. The best loan for you will depend on your individual needs.

With a fix and flip loan you can qualify for a short-term mortgage meant to help finance the purchase, repair, and renovation of a property, all within one simple loan.

It works well for real estate investors who need to move quickly to purchase a property that they can then flip to sell or flip to rent within an appropriate timeline, to make a profit. These short-term loans make it possible to afford renovations. When a project is completed, the loan can be paid back or refinanced into another loan type meant for a longer term.

Fix and flip loans also allow for more flexible qualification requirements because they don’t have to meet the documentation requirements that the Consumer Financial Protection Bureau sets for standard loans. Fix and flip loans rely on the profit potential of the investment property.

Trusted by thousands of Real Estate Investors

Product Loan Resources

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Frequently Asked Questions

What is a fix and flip loan?

A fix and flip loan is a short-term loan that real estate investors can use to purchase and renovate a property.

How quickly can I get approved?

Do you lend to first-time flippers?

YES! We love helping first-time flippers. In fact, many of our expert flippers started their first flip financing with us.. With over 4000+ loans closed, we are here to help you with any questions you have including budget reviews, property valuations, and profitability analysis. Our goal is to make your flip a financial success for you!

How does the fix and flip loan process work?

What should a first-time flipper know?

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What Customers Are Saying

Joseph Morley was extremely helpful and was able to get our deal closed within just 2 days. We would definitely recommend him for any home financing. It was a total pleasure to work with him.

The definition and emphasis of dedication, devotion, and diligence was redefined to a whole new level (unimaginably speaking); through out the entire loan process working with Park Place Finance. Look no further, if you need to close quickly, and demand superlative stellar customer service. My loan officer was able to help me close the loan within 11 days! Highly recommend you call them; if you prefer this route (hard-money, direct private lending).

Connor Donovan was very helpful with my loan from start to finish. I gave him everything he asked for right away and from there on out, he didn’t ask for much! I closed on time with no headaches and a lot less fees! Thanks Connor! Let’s do it again!

Great working with Park Place they made everything go smoothly for my transaction. Highly recommended!

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