Park Place Finance for Michigan investors
Park Place Finance is a direct DSCR lender licensed in most states with a 640 minimum credit score. The company does not publish minimum DSCR, loan size, LTV, or rate figures in the sources reviewed.
Michigan context
Michigan strongest cash flow markets in country. Detroit and Flint produce 1%+ rent-to-price ratios. End-buyer market thin in some submarkets.
How Park Place Finance positions in Michigan
Within Michigan, Park Place Finance competes alongside other DSCR lenders. Park Place Finance strengths: Direct DSCR lender, 640 minimum credit score. The high aggregate DSCR economics of Michigan create demand for Park Place Finance programs in Detroit and Grand Rapids particularly.
City-level coverage in Michigan
Park Place Finance provides DSCR coverage across Michigan metros including Detroit, Grand Rapids, and Lansing. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Park Place Finance program terms apply uniformly across Michigan metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR |
| Loan size | — - — |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | Not publicly published |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Michigan property tax | 1.4% |
| Michigan state income tax | 4.25% |
Park Place Finance strengths in Michigan
- Direct DSCR lender
- 640 minimum credit score
- Licensed in most states
Ideal borrower: Investor with a 640+ credit score seeking a direct DSCR lender with broad state coverage.
FAQ
Likely; verify direct Michigan coverage. Park Place Finance is based in an undisclosed location and operates in most states.
Detroit is the top investor market in Michigan and is generally within Park Place Finance most states footprint. Detroit property tax follows the Michigan state rate of 1.4 percent. Park Place Finance typically underwrites Detroit acquisitions at standard rate sheets.
Yes. Grand Rapids ranks among the larger Michigan investor metros and sees consistent DSCR loan volume from Park Place Finance. Submarket variation within Grand Rapids matters for property selection.
Park Place Finance applies the same rate sheet across Michigan metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Detroit, Grand Rapids, and Lansing all qualify for the same Park Place Finance program.
Park Place Finance does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
Michigan strongest cash flow markets in country. Detroit and Flint produce 1%+ rent-to-price ratios. End-buyer market thin in some submarkets. Park Place Finance follows standard business-purpose loan structures.
Park Place Finance funds rental DSCR in Michigan.
Michigan allows standard DSCR prepay structures; Park Place Finance typically uses 3-5 year step down.
Park Place Finance typical close: Not publicly published.
Bottom line
For Michigan DSCR borrowers, Park Place Finance is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Park Place Finance.