(866) 407-1599
Quick Rate Quote
(866) 407-1599
Quick Rate Quote
(866) 407-1599
Quick Rate Quote
(866) 407-1599
Quick Rate Quote
(866) 407-1599
Quick Rate Quote
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First Time Builders

Ready to finance your first construction project? At Park Place Finance, our Builder Loan is specifically designed for first-time builders like you. We understand the unique challenges you may face, and we’re here to guide you through the process and provide the support you need.

  • In-house capital, direct private lender
  • Investment properties only
  • 5-7 business day close
  • Lending in urban and suburban areas nationwide
  • Fast draw process in as little as 24 hours
  • 1-4 unit, resid., Multi-family, Condos
Quick Rate Quote

or call us at (866) 407-1599


Park Place Finance First Time Builder Program
Finance your First New Construction Project with Park Place
% Financed

ExperienceLandConstructionMax LTCARV
0-10%100%75%70%
2-450%100%80%70%
5+50%100%85%70%
* Experience defined by properties owned or sold in last 36 months (LLC owned OK)
* First Time Builders Must Own dirt free & clear
* No Income docs / w2 / tax returns needed
* Minimum 680 Credit, Must have 10% of budgets as reserves post close
* First Time Builders Must use a licensed GC & Have Contract
* GC does not need to be on loan
* Up to 5% of construction costs as soft costs, reimbursed at slab completion
Infill, Urban and Suburban Areas in 50,000+ MSA’s
In House Capital, In House Underwriting, In House Servicing

Discover the Park Place Advantage

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Close Fast (TYPICALLY 5-7 Business Days)

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Competitive Rates (Rates from 7.25% APR)

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Nationally Trusted (Over 1 Billion Funded!)

Trusted by thousands of Real Estate Investors

We’ve closed over 4,000 loans and have funded over $1 Billion since 2006. We know how to help make sure your next project is profitable with our combined 50+ years of lending experience among our executive team. Call us today to help make your next investment property a success!

Hard Money Loan Resources

Read More
Posted on 04/24/2024

The Investor’s Edge: Hard Money Lenders vs. Traditional Banks

Read More
Posted on 07/24/2024

Building Your Dream: A First-Time Builder’s Guide to Ground-Up Construction Loans

Read More
Posted on 05/29/2024

Fast-Track Your Fix-and-Flip: Mastering the Draw Process with Hard Money Loans

See More Resources

Recently Funded

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Altanta home

Sandy Springs, GA

DSCR
Loan Amount: $897,500
LTV: 67.99%

Bradenton home

Bradenton, FL

DSCR Purchase
Loan Amount: $339,750
LTV: 75%

Peoria home

Peoria, IL

DSCR Purchase
Loan Amount: $114,750
LTV: 75%

Detroit dscr

Detroit, MI

DSCR Purchase
Loan Amount: $118,125
LTV: 75%

Cape bridge loan

Cape Coral, FL

Fix and Flip
Loan Amount: $364,000
Rehab Financed: 100%
LTC: 87%
ARV: 70%

Austin new construction

Austin, TX

New Construction
Loan Amount: $2,263,500
LTC: 81%
ARV: 73%

Frisco tx bridge loan

Frisco, TX

Bridge Loan
Loan Amount: $618,870.75
LTV: 75%

Frisco building

Frisco, TX

Bridge Loan
Loan Amount: $1,380,000
LTV: 80%

Indianapolis home

Indianapolis, IN

Fix and Flip
Loan Amount: $228,000.00
Rehab Financed: 100%
LTC: 78.62%
ARV: 56.86%

Spicewood tx home

Spicewood, TX

Bridge Loan
Loan Amount: $1,600,000
LTV: 58.18%

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!

See more reviews

Explore our other loan products

Bridge

A short-term loan used to acquire or refinance a property when conventional financing is not available or will take too long to close.
Our Terms

Fix and Flip

Designed to fund 100% of your renovation costs and close quickly to keep you competitive with your investment properties.
Our Terms

Ground Up Construction

Designed to provide a streamlined funding solution to build single family projects.
Our Terms

Rapid Rate Quote

Share some basic details about the financing you’re looking for by answering a few simple questions. We’ll take a look and reach out to discuss your loan options.
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