Park Place Finance Reviews 2026: Terms, Licenses, SEC Fund Record

Who Park Place Finance is, and a premise to correct

Searches for this name return a hard-money lender, a company page, a BiggerPockets thread and a lot of directory listings. The company’s own site answers the first questions. It is in Austin, Texas: the footer gives a main office at 901 S Mopac Expy, Building 2, Suite 375 and a north office on N Mopac, and the SEC filing for its fund uses a different Austin address, 500 W 2nd Street. If you were told it is an Arizona lender, that is wrong. The BBB profile says the business started on June 28, 2006 and is a limited liability company; the website says 20 years in business and that all borrowers must close under an LLC. The site names six executives, with Justin Hubbert as president; the same Mr. Hubbert is listed as CEO and CIO of the fund in its SEC filing.

It lends for investment only. Its programs are renovation (fix-and-flip), bridge, ground-up construction and a 30-year DSCR rental loan. The site also carries a “Conventional Purchase” page written for homebuyers, which sits oddly beside the rule that every borrower closes in an LLC; the one CFPB complaint is about a conventional home mortgage. If you are an owner-occupant, ask which entity would make the loan.

What Park Place Finance says it offers (its website, October 9, 2026)

These are the lender’s claims, read on parkplacefinance.com on October 9, 2026. The site says rates and leverage depend on credit, experience, project scope and loan size, so read each figure as the best case.

Four things the pages say, or leave out, that matter to a borrower:

• Fees are only partly published. The construction page lists a $1,995 document preparation fee and a $695 legal and recording fee, plus an appraisal “TBD.” The other pages give points but no document or draw fees. The website terms say application, origination, processing and late-payment fees may apply and will be in the loan agreement.
• The credit floors disagree with each other. The bridge page lists a 660 minimum and then answers “What if my credit is below 640?” The renovation page also says 660; the construction page says 640. Ask which one applies to you.
• The DSCR “5.75%” is a start. The rental page says rates start at 5.75% and points run from 0% to 4%, but gives no table of rate by credit score and loan-to-value. It means the number is a starting point, not a quote.
• Short-term draws are reimbursement-based. On construction loans you pay for the work first and are reimbursed as it is completed, according to the site’s FAQ.

The site says it closes renovation and bridge loans in 5 to 7 business days. The older version (next section) said 3 to 5 days on bridge loans and 7 to 10 on construction.

The older version of the site is still online, and its numbers differ

Two other addresses, workwithparkplace.com and aspirewithparkplace.com, still served an older version of Park Place Finance’s site on October 9, 2026, with the same Texas and California license numbers and the same Austin addresses in the footer. We do not know why they remain live or when that copy was written. We read them as an earlier statement of the lender’s own terms, not as a rival company.

Two readings are fair. One is that the lender has loosened its credit box (the construction minimum fell from 680 to 640) and raised its leverage as it grew. The other is that headline terms on a private lender’s site are marketing, edited without a version history, so the number you see is not the number in your term sheet. The older construction page also said the lender had “closed over 4,000 loans”; the current site does not give a count. The funded figure went from over $1 billion to $2 billion or more; that is a company claim we cannot test, because the company does not file loan-level data (next section).

One more document is worth a minute. The website’s terms of service are dated August 29, 2024 and describe the company as offering “hard money lending services.” The governing-law clause still reads “[Your State/Country],” a template placeholder, and the SMS section talks about insurance products and policy updates, which a mortgage lender does not sell. This is not a finding about your loan; it is a sign that the site’s legal pages were not tailored. Your loan documents are what bind you.

What public records can and cannot confirm

We ran the checks a borrower would want and report what each returned, including the ones that came back empty or blocked.

The honest summary is that the public record is quiet, and the quiet is partly structural. Some investor lenders do file HMDA data, and our reviews of CoreVest and Civic Financial Services use their filings; Park Place does not, so there is no public count of its loans. One complaint and a B- rating are not a pattern. They are also not a clean bill: the BBB mark is for a missing reply, and the CFPB complaint is on a conventional home mortgage, a product that sits outside the investor-only, LLC-only lending the site describes elsewhere.

The companion fund and its Form D

Park Place’s investor site (investwithppf.com, linked from “Invest” on the lender’s menu) offers the Park Place Real Estate Fund, an open-ended credit fund for verified accredited investors under Rule 506(c). Its page, read October 9, 2026, says the fund buys loans that Park Place Finance originates, collects interest through an independent servicer and pays monthly. The minimum is $100,000. The fund targets an annualized return of 8% to 10%, net of fund expenses, with a sliding target by commitment (7% for 90 days, 8% for one year, 10% for three years), and says the average annualized distribution over the last twelve months was 10%, unaudited. It charges no management fee and no performance fee on fund assets, and it says distributions may be reduced, suspended or paid as a return of capital.

Why a borrower should care: your loan may be sold into that fund. The lender’s about page says underwriting, servicing and draw support are in-house; the fund page says an independent servicer collects the payments. Ask on your term sheet who will own the note, who will service it and who handles your draws.

For an investor, the SEC record is the part worth reading.

SEC Rule 503 requires an issuer that is still selling to file an amendment to its Form D “annually, on or before the first anniversary” of the filing or of the latest amendment. For this filing the date was April 27, 2024; on October 9, 2026 that was 895 days earlier (our arithmetic) and EDGAR has no amendment. A Form D that says nothing has been sold, paired with a website that quotes twelve months of distributions, does not tell you how much the fund has raised. It does not prove a violation either: we cannot see the fund’s subscription documents, or know whether the offering has closed or moved to another vehicle. What it means for you is practical. If you are considering the fund, ask for the offering documents and the latest quarterly report the site says it shares, ask how much has been raised, and ask why no amendment has been filed. If you are only a borrower, treat the fund as a fact about where your loan may end up.

How Park Place compares with lenders we cover

We read the equivalent product pages of three lenders in our lender list on the same day. These are each lender’s own claims, usually “as low as” figures for the best borrower.

Two takeaways. On the headline numbers Park Place sits inside the range of the others: lower rate start than RCN and Anchor, higher than Kiavi, with less leverage on cost than Kiavi and RCN advertise. And the comparison shows why headline figures decide little. Kiavi’s page quotes two different maximum leverage figures, Park Place’s two sites quote different terms, and each lender’s real price depends on your file. For more detail see our Kiavi review, RCN Capital review and Anchor Loans review, and the field in best fix-and-flip lenders 2026 and best DSCR lenders 2026.

Licensing: what the footer says and what to check

The footer prints “Texas NMLS License #367411” and “California NMLS License #1112281,” and tells visitors to go to NMLS Consumer Access. We could not open that site by script because it routes automated visitors to a verification page, and we did not bypass it. So the two numbers are the lender’s claim. The footer labels both as licenses, so ask the lender which number is its NMLS company ID and which is a state license number. The site’s “Recovery Fund” page carries the Texas notice that complaints go to the Department of Savings and Mortgage Lending, which maintains a recovery fund for consumers harmed by licensed residential mortgage originators; that notice speaks of borrowers harmed by licensed residential mortgage loan originators, so ask whether it reaches a business-purpose loan to your LLC. States differ on whether a business-purpose lender needs a license at all, and the site says it lends in 46 states while printing licenses for two.

Before you pay an appraisal fee, look up the exact legal name on your term sheet (it should read Park Place Finance, LLC), confirm it on NMLS Consumer Access, and check the regulator in your property’s state. Our guide to checking any DSCR lender lists the steps.

What you can do with this

• Ask for a one-page cost sheet before paying anything: rate, points, document and legal fees, appraisal, draw and inspection fees, extension fees and any prepayment term. Only the construction page publishes dollar fees.
• Ask which credit minimum applies. The site shows 660, 640 and, on the older version, 680. Compensating factors are mentioned, so the floor is a conversation, not a wall.
• Ask who will hold and service your note. The lender says servicing is in-house and its fund says an independent servicer collects payments. Get the servicer’s name before closing, and for a construction loan ask how draws work now: the older site said funds arrive within 3 to 5 business days after an inspection.
• Price the same deal elsewhere the same day. Headline rates differ by 0.74 points between Park Place’s 8.99% and Kiavi’s 8.25% on fix-and-flip (our arithmetic), and the real quote depends on your experience, credit and leverage. Run both through a deal calculator first.
• If you are weighing the fund, not a loan, request the offering documents and ask how much has been sold, since the only Form D on file says $0 and has not been updated.
• Check the entity and the license in your state on NMLS Consumer Access and your state regulator; we could not.

The alert below follows the Park Place Real Estate Fund’s EDGAR record, the only SEC filer tied to the company; its last filing so far is the April 27, 2023 Form D.

FAQ

Sources, read October 9, 2026: Park Place Finance’s websites (parkplacefinance.com home, about, renovation, bridge, construction, rental, conventional purchase, FAQ, recovery fund, terms of service; the older site on workwithparkplace.com and aspirewithparkplace.com; the Park Place Real Estate Fund site, investwithppf.com); SEC EDGAR (Form D accession 0001975372-23-000001, the submissions record for CIK 1975372, full-text and company-name searches); 17 CFR 230.503; FFIEC HMDA filer lists for 2023, 2024 and 2025; the CFPB Consumer Complaint Database API; the Better Business Bureau profile for Park Place Finance, LLC; CourtListener RECAP searches; and the product pages of Kiavi, RCN Capital and Anchor Loans. NMLS Consumer Access and the Texas Department of Savings and Mortgage Lending were not readable by script and are not used. This is analysis of public documents, not investment, legal, lending or tax advice.