Wednesday, June 5, 2024

Commercial Loan Products Part 1

 At Park Place Financial Group we  have a variety of commercial loan options for you.


Commercial Bridge Loans

A bridge loan is a quick, short-term solution

to help you close on a real estate transaction. Whether you’re against the clock to close a purchase or refinance a special purpose property, PPFG offers quick, five-day turnaround times on commercial real estate bridge loans. We get you from point A to point B and ensure that you close. 


Commercial Bailout loans

These are loans for which the borrower has missed payments, loans that are in forbearance, and/or loans that are actively in default or foreclosure. We build tailored loans to help borrowers get out of their specific sticky situations. 


Rapid Close Program

Our lending partner has the capacity to close deals within 72 hours provided that a title commitment or preliminary title report is already available. 


Cash Out Refinance

Residential or commercial owner-occupied properties that want cash-out refinancing for business or investment purposes. We can expedite this process to get you cash when you need it via our rapid close program. We also help our clients tap into available equity in investment or non-owner-occupied properties. 


Private line of Credit

A private line of credit gives you the ability to tap into a capital line quickly, only paying interest on the amount you withdraw. Our borrowers use this when they have a definitive use of funds but don’t need it all at once. This allows the flexibility of locking in rates, saving money on interest, taking quick draws when you need them, and receiving the same low-doc underwriting on our other programs. 


Special Purpose Properties

  • adult entertainment facility 
  • religious properties
  • cannabis dispensary.


Park Place Financial Group

402 West Broadway

Suite 400

San Diego, CA 92101

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