Blog


Apr

06

2016
The ideal balance of risk and reward

The ideal balance of risk and reward

As a real estate investor, when you recognize a diamond in the rough and need to move quickly where do you turn for funding? Traditional lenders have relatively slow processes and are hesitant about fix-and-flip loans. In this scenario, you need a partner like Veristone Capital. Veristone understands the fix-and-flip space and has loan products to support any investment opportunity. For example, a client recently…

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Mar

09

2016
2008 new year billboard and cloudy sky

Hard Money Loans: A Quick Tutorial

OK, time for a quick tutorial on one of our industry’s least-understood products: the hard money loan. The What: A hard money loan is simply a short-term loan, usually provided by private investors, that is asset-based and secured by real property of any kind (single- or multi-family residences, industrial or commercial properties, land, etc.). Due to the short loan term, the interest rate on a hard…

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Mar

03

2016
Customer Spotlight: F&F Ventures, LLC

Customer Spotlight: F&F Ventures, LLC

          For our latest customer success story, Veristone would like to shine the spotlight on Nicholas Riddell from F&F Ventures, LLC. We partnered with Nicholas and his clients in order to make their desire to fix and flip a property in Shoreline a reality. And as it turned out, it not only became a reality but an extremely profitable one! *** Veristone: Tell us…

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Feb

23

2016
Customer Spotlight: Molly Shovlin & Stephanie Griffin

Customer Spotlight: Molly Shovlin & Stephanie Griffin

For this edition of our Customer Spotlight, Veristone would like to introduce Stephanie Griffin and Molly Shovlin, owners of 2 By 2 Properties. Stephanie and Molly have been partnering with Veristone since they began their business, and we recently sat down with them to discuss their experiences so far, and to see how their real estate ventures are going. *** Veristone: How about a little…

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Feb

15

2016
Fix and Flip Loans: A Roundtable Discussion

Fix and Flip Loans: A Roundtable Discussion

We are very excited to report that Veristone’s own Travis Wandell and D.J. Vyzis recently sat down with industry experts Nick Neal and Tarl Yarber to participate in a roundtable discussion on the Real Estate Radio Network. The topic? Real estate fix-and-flips. To introduce the participants in the discussion, Nick is involved in conventional lending through Graystone Mortgage, and Tarl has flipped and wholesaled 400+…

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Feb

10

2016
Inventory Remains Low, but Sales Strong in the Seattle Four-county Region

Inventory Remains Low, but Sales Strong in the Seattle Four-county Region

I found an interesting report that slipped by my desk that I wanted to share from the NWMLS regarding January home sales in the Pacific Northwest. There is very limited inventory out there right now.  In fact, in King County the inventory (SFR and Condo) is only 1.41 months (a year ago the amount was 2.09 months).  In Snohomish County the inventory is only 1.56…

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Jan

06

2016
December 2015 Puget Sound Residential Real Estate Update

December 2015 Puget Sound Residential Real Estate Update

King County SFR (Single Family Residence – no Condo) prices jumped 15.5% December over December, taking the median sales price for a King County SFR from $440,000 to $508,000. Inventory is hard to find. Active listings plunged from 17,659 active listings a year ago to only 12,522 this year—a drop of 29%!  That means there are only 1.8 months of supply, which is far below…

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Nov

24

2015
Winter Pineapple Classic

Winter Pineapple Classic

On November 8, 2015, six team members from Veristone competed in The Winter Pineapple Classic with a mission to support the Leukemia & Lymphoma Society. The Classic is now in its tenth year, and this is the second year in a row Veristone has participated. This race consists of a family-friendly 5k obstacle course with climbing tire walls, a ropes course, a giant slip ‘n’ slide,…

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