Park Place Finance for South Dakota 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.
South Dakota context
South Dakota no state income tax. Strong LLC privacy. Rapid City STR (Mount Rushmore).
How Park Place Finance positions in South Dakota
The South Dakota lender pool for DSCR includes Park Place Finance among the active platforms. South Dakota top metros (Sioux Falls, Rapid City, South Dakota) see meaningful Park Place Finance loan volume.
City-level coverage in South Dakota
Park Place Finance provides DSCR coverage across South Dakota metros including Sioux Falls, Rapid City, and South Dakota. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Park Place Finance program terms apply uniformly across South Dakota 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 |
| South Dakota property tax | 1.2% |
| South Dakota state income tax | None |
Park Place Finance strengths in South Dakota
- 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 South Dakota coverage. Park Place Finance is based in an undisclosed location and operates in most states.
Sioux Falls is the top investor market in South Dakota and is generally within Park Place Finance most states footprint. Sioux Falls property tax follows the South Dakota state rate of 1.2 percent. Park Place Finance typically underwrites Sioux Falls acquisitions at standard rate sheets.
Yes. Rapid City ranks among the larger South Dakota investor metros and sees consistent DSCR loan volume from Park Place Finance. Submarket variation within Rapid City matters for property selection.
Park Place Finance applies the same rate sheet across South Dakota metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Sioux Falls, Rapid City, and South Dakota 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.
South Dakota no state income tax. Strong LLC privacy. Rapid City STR (Mount Rushmore). Park Place Finance follows standard business-purpose loan structures.
Park Place Finance funds rental DSCR in South Dakota.
South Dakota 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
South Dakota investors considering Park Place Finance should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Park Place Finance.