Park Place Funding, LLC was started in 2015 and is based in Austin, Texas. We provide short-term, asset-based loans for non-owner occupied properties in the major markets of Central Texas, including Austin, Dallas, San Antonio, and the surrounding areas. Our loans are secured by a first lien against the property. As of January 2018, the Park Place team has closed over 100 loans with a total volume over $14.6 million.
2508 E Cesar Chavez Street
Austin, TX 78702
Monday - Friday
8:30AM - 4:30PM
Michael graduated from Florida State in 2001 and immediately started RentSpace Management, a real estate investment and management company. Since 2001, he has been involved in over 270 real estate transactions, consisting of acquiring rental properties, fix and flip projects, wholesale deals and new builds. His conservative growth strategy has allowed him to build a sustainable real estate portfolio capable of weathering economic shifts.
He then founded Park Place Funding in 2015. Using the real estate knowledge and experience gained through his own personal experiences, Michael’s goal is to provide an honest, transparent funding option to real estate investors with a desire to grow their real estate portfolio.
Michael is still personally involved in acquiring single-family and multifamily properties throughout Central Texas.
FLORIDA STATE UNIVERSITY
B.S., Marketing, 2001
License Texas Real Estate Broker
vp | loan officer
Hallie was born and raised in Houston, Texas and graduated from Baylor University in 2014. She started working with Michael Colaninni assisting in property management for single and multi family properties and tasks related to the acquisition and flipping of residential properties. Hallie transitioned to loan servicing in 2015 as Michael started Park Place Funding.
Since 2015, Hallie has closed over 100 loans with a total volume over $15 million. She now manages the day-to-day operations of Park Place Funding with the help of Victoria Fonseca.
B.B.A., Finance and Entrepreneurship, 2014