Blog


Aug

27

2015
Customer Spotlight: Al Ferguson

Customer Spotlight: Al Ferguson

For this month’s Wire, the customer spotlight shines on Al Ferguson. Al is an experienced investor that is enjoying his partnership with Veristone. He is also a student of Fortune Builders, a strategic investment education company focused on real estate. It was great getting a few minutes of Al’s time to talk about his career, Fortune Builders, and next potential investment.


Aug

27

2015
Product spotlight: Fix & Flip

Product spotlight: Fix & Flip

Product spotlight: Seattle Fix & Flip The Veristone Fix & Flip loan is the ideal product for investors looking to quickly purchase, renovate, and resell property in the Pacific Northwest. Fix & Flip loans simplify this process for investors by providing both acquisition and remodel funds within one loan. After using Veristone funds to purchase property (auction or non-auction), a construction holdback that finances rehabilitation…

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Aug

01

2015
Presence of Private Equity Wanes in Real Estate

Presence of Private Equity Wanes in Real Estate

According to a July 2014 Finance & Commerce article , Invitation Homes LP (subsidiary of Blackstone LP) and other private equity firms have purchased roughly 200,000 homes since the 2007 housing crash. An abundance of capital has allowed equity groups to acquire homes at an incredible pace, affording them a market strategy unavailable to the individual investor. Hedge fund flips are cheaper to perform than…

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Aug

28

2014
Bonus Auction Parcel

Bonus Auction Parcel

For the second month in a row, a Veristone client found excellent value at the foreclosure auction by securing two parcel for the price of one. While performing due diligence on this Pierce County property, the client realized that there was a second unfinished housing frame on the additional parcel that nobody else knew about.  Where other buyers saw a 1,380 square foot home with…

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Aug

27

2014

The Truth about Hard Money

  Although “borrowing hard money” might sound more daunting than using another type of loan, individuals that jump to this conclusion might be unaware of how this form of lending typically works. Secured by the value of a borrower’s property, hard money usually functions as a short term loan (bridge) that is more diverse than its traditional counterpart. Because hard money usually comes from private…

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Aug

26

2014
Auburn Flip

Auburn Flip

  Another Veristone loan has helped execute a successful King County fix & flip. This client completed a full remodel on a very distressed Auburn rambler. Seeing great potential in the 2,000+ sq. ft. parcel, the client made drastic changes to both the interior and exterior before placing it back on the market. Outside, the house now looks totally different after several coats of paint…

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Aug

06

2014

Big Summer Blowout!

Big Summer Blowout There are less than two weeks left of Veristone’s summer special. Get $500 off your next loan by using the promo code summer500 on your next loan request. (Offer expires 9/15) Disclaimer: These terms and conditions apply to the online promotion where you must enter a promotion code as part of the offer. The promotion code is valid for a limited time…

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Aug

06

2014
2 for 1 Auction

2 for 1 Auction

At the Seattle Trustee Auction, a Veristone partner secured two King County parcels for the price of one.  Veristone’s access to responsive title services as well as efficient communication with realtor Jason Bryant (Principal Northwest) provided our client with information regarding a hidden land parcel that was attached to one of the live properties at auction.  This bonus significantly increased the investment value, creating an…

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Aug

01

2014

Customer Spotlight

Carolyn Butterfield was selected to be our first featured client in the Veristone Wire. She and her designated broker Debbie Campbell, of Investor’s Choice Real Estate, have been working with Veristone for roughly 3 months. Carolyn just finished flipping her third project with us and both parties have thoroughly enjoyed the process. We were fortunate enough to talk with her for a few minutes and…

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Aug

01

2014

Featured Product vMax

vMax: “An awesome, innovative idea that allows investors to take advantage of a fast market. -vMax client, Jana Couran vMax is Veristone’s newest loan product, designed to help investors who can’t afford to wait on equity tied up in other projects as new investment opportunities arise. vMax loans allow borrowers to roll their down payment towards a future purchase as soon as their initial investment…

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