1. Park Place Funding

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Austin, TX

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Park Place Funding

5.0 (4 reviews)
Closed • 8:00 am - 5:00 pm

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People searched for Mortgage Lenders 238 times last month within 15 miles of this business.

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Park Place Finance - Based in Austin, Texas but we can fund your private & hard money loans in 47 states.

Park Place Finance

(18 reviews)

Warehouse District, Downtown

Park Place Finance was so great to work with!…read more The staff was very professional, fast to respond & informative of the entire mortgage process. This was our second property we have purchased, so we needed a refresher of how the processed flowed. We worked with Justin & Kim specifically who helped process our loan. First, they were SO quick. We first filled out the application towards the end of February (Feb 24 maybe) and we were closed by the end of March with Keys in hand. They really work hard for you to get you the best financing option for your situation along with they are always there to answer any questions or address any issues. Its not like working with a bank or a large internet company, where you are just a number to them and its black & white. They provide a more personal experience where you can actually discuss your options with someone in person/phone/email & they work with you through the whole process from the time you apply through the closing. Next time my husband and I are looking to buy or refinance, we will definitely be going to Park Place Finance!

On May 11th, I received written loan terms from Park Place Finance stating that if a luxury…read moreproperty I am investing in appraised at $4.3M or above, the loan terms would not change. They basically begged my broker to allow them to fund the deal. Their own appraiser valued the property at $5.3M -- a full million dollars above that threshold. They still refused to fund. After weeks of responding promptly to every document request, paying out of pocket for appraisal fees, and producing additional photos and video documentation they requested, they reversed course at the eleventh hour with no substantive explanation. Their COO's response essentially said that written terms are not commitments -- they're just "preliminary indications subject to underwriting." That's not what was communicated to me, my broker, or the seller's broker throughout this process. The cost of their reversal was real: appraisal fees I will not be reimbursed for, a seller who had already reduced the price to accommodate their funding structure, and a financing contingency deadline put at serious risk after I deliberately passed on other capital partners based on their written terms and verbal assurances. Luckily I was able to pivot and received "Clear to close" today by a reliable investment partner! Before working with Park Place Finance, I strongly encourage you to check their BBB profile. This pattern -- pre-approvals they can't deliver on, appraisal costs absorbed by the borrower, and last-minute reversals after written commitments -- is not unique to my experience. Multiple other investors have reported the exact same playbook. If you are a real estate investor considering Park Place Finance for a new construction or luxury asset deal --Make sure you have a back up lender in place, get everything in writing, and even then, do not rely on it. Their written commitments apparently don't bind them, but your appraisal fees absolutely do.

Park Place Funding - mortgagelenders - Updated October 2026

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