Use our Ground Up Construction loan product to fund your next spec home. Designed for experienced home builders building 2-200 homes per year, this loan allows you to use higher leverage than banks traditionally offer, while closing quickly.
Our draw process is simple and straightforward to allow you to keep your project on track.
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Park Place Finance specializes in residential real estate and can fund various properties including:
To close a Ground Up Construction 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!
Close Fast (Typically 7-10 Business Days)
Competitive Rates (Rates from 9.99% APR)
Nationally Trusted (Over 1 Billion Funded!)
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!
A construction hard money loan is short-term financing used to fund the building or renovation of a property. Unlike traditional bank loans, hard money loans are asset-based—meaning approval is primarily based on the property’s value and potential, not your credit score or income.
Most hard money lenders can close in as little as 7–10 business days, compared to 30–60 days for a bank loan—making them ideal for time-sensitive projects.
Hard money loans can cover ground-up construction, major renovations, fix-and-flip projects, spec homes, and additions. Some lenders also finance tear-downs and rebuilds.
These loans are primarily designed for investment or business-purpose projects. Owner-occupied construction loans fall under stricter consumer lending regulations.
Faster approval, flexible underwriting, minimal documentation, and funding for unique or non-standard projects that banks often reject.
