Auburn Fixer Loan
VERISTONE CAPITAL DEALSHEET
LOAN AMOUNT: $129,000
FINAL SALES PRICE: $217,300
LOAN DATE: March 2013 to June 2013
LOCATION: Auburn, King County- Residential
LOAN TYPE: Fix & Flip Loan, 6 Month Term
DETAILS: The borrower on this loan is an experienced real estate investor and real estate agent. She purchased the property in March for $126,000 and performed a $30,000 remodel on this 1500 sq foot Auburn rambler. The final product boasted 4 bedrooms, 2 full baths, with new kitchen and baths, and an attached two car garage. The subject property was remodeled in two months and then sold in 4 days for $8,000 over initial list price. Veristone is proud to include this bread and butter fix & flip loan in the over 125 loans originated in 2013 year to date.
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Veristone does not finance owner-occupied properties.