Park Place Finance for Minnesota 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.
Minnesota context
Minnesota stable Midwest market. Twin Cities dominant. Minneapolis rent stabilization (2023) affects city proper.
How Park Place Finance positions in Minnesota
The Minnesota lender pool for DSCR includes Park Place Finance among the active platforms. Minnesota top metros (Minneapolis, St. Paul, Rochester) see meaningful Park Place Finance loan volume.
City-level coverage in Minnesota
Park Place Finance provides DSCR coverage across Minnesota metros including Minneapolis, St. Paul, and Rochester. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Park Place Finance program terms apply uniformly across Minnesota 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 |
| Minnesota property tax | 1.1% |
| Minnesota state income tax | 9.85% |
Park Place Finance strengths in Minnesota
- 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 Minnesota coverage. Park Place Finance is based in an undisclosed location and operates in most states.
Minneapolis is the top investor market in Minnesota and is generally within Park Place Finance most states footprint. Minneapolis property tax follows the Minnesota state rate of 1.1 percent. Park Place Finance typically underwrites Minneapolis acquisitions at standard rate sheets.
Yes. St. Paul ranks among the larger Minnesota investor metros and sees consistent DSCR loan volume from Park Place Finance. Submarket variation within St. Paul matters for property selection.
Park Place Finance applies the same rate sheet across Minnesota metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Minneapolis, St. Paul, and Rochester 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.
Minnesota stable Midwest market. Twin Cities dominant. Minneapolis rent stabilization (2023) affects city proper. Park Place Finance follows standard business-purpose loan structures.
Park Place Finance funds rental DSCR in Minnesota.
Minnesota 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 Minnesota 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.