Blog


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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Jul

23

2014
Woodinville Flip

Woodinville Flip

  A frequent Veristone partner performed an awesome fix and flip on this Woodinville property located in King County. This 2,700 square foot home has 4 bedrooms, 2 ¾ bathrooms, and a number of other features that transformed this house into a beautiful single family residence. With help from a Veristone fix & flip loan, this client acquired the property for $325,000. Seventy-five days later,…

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Sep

10

2013

Lacey, Washington Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $132,000FINAL SALES PRICE: $215,000LOCATION: Lacey, Washington- Thurston CountyLOAN DATE: May 2013 to August 2013LOAN TYPE: Auction Loan, 9 Month TermDETAILS:  The borrower on this subject property in Lacey is an experienced distressed property investor in Thurston County.  The Veristone borrower purchased the property for $151,000 in May 2013 at the Thurston County foreclosure auction.  The subject property is a 1996 Year-Built home…

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Aug

27

2013

Central Area Fix & Flip Loan

LOAN AMOUNT: $190,000FINAL SALES PRICE: $625,000LOAN DATE: March 2013 to August 2013LOCATION: Central Area, Seattle- King County ResidentialLOAN TYPE: Bridge Loan, 6 Month TermDETAILS: This property was purchased for $380,000 by an experienced Veristone real estate investor.  This property boasts 2100+ square feet and went through a “studs-out” remodel.  The house received modern finishes with bamboo floors, modern style hardi-siding, quartz counters, stainless, steel railings,…

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Jul

29

2013

Auburn Fixer Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $129,000FINAL SALES PRICE: $217,300LOAN DATE: March 2013 to June 2013LOCATION: Auburn, King County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month TermDETAILS: 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…

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Jul

09

2013

Edmonds Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $272,000FINAL SALES PRICE: $524,950LOAN DATE: November 2012 to June 2013LOCATION: Edmonds, Snohomish County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month TermDETAILS:  The borrowers on this Edmonds flip are experienced auction professionals.  The borrowers purchased this property at the Snohomish County foreclosure auction in October 2012 for $251,000.  They then refinanced into a Veristone Fix & Flip Loan in November 2012…

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Jun

25

2013

Federal Way Fix & Flip Loan

VERISTONE DEALSHEET LOAN AMOUNT: $213,000FINAL SALES PRICE: $455,100LOAN DATE: January 2013 to June 2013LOCATION: Federal Way, Marine Hills, King County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month Term, $25,000 Construction HoldbackDETAILS:  This is an outstanding story of a 1966 property with sound views in the Redondo Highlands receiving modern updates.  New interior and exterior paint, private upper level master suite, modern kitchen and baths,…

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Jun

24

2013

Buckley Airfield Property Auction Loan

VERISTONE DEALSHEETLOAN AMOUNT: $290,000FINAL SALES PRICE: $475,000LOAN DATE: March 2013 to June 2013LOCATION: Buckley, Pierce County ResidentialLOAN TYPE: Auction Loan, 9 Month Term DETAILS: This very unique property was purchased at the Pierce County foreclosure auction in early March 2013 for $333,000.  This property was purchased by a very experienced real estate investor who works with John L Scott Foreclosure Services.  The house  boasts 2700+ square feet and sits on a…

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Jun

24

2013

Fircrest, Pierce County, Fix & Flip Loan

VERISTONE DEALSHEETLOAN AMOUNT: $139,000FINAL SALES PRICE: $249,900LOAN DATE: November 2012 to May 2013LOCATION: Fircrest, Pierce County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month Term DETAILS: The borrower purchased the subject property in November 2012 for $139,000.  The borrower is an experienced real estate investor and real estate agent with a multi-year history of successful fix & flip transactions.  The property received a fully finished basement, upgraded kitchen and bathrooms and new…

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Jun

24

2013

Bremerton Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $139,000FAIR MARKET VALUE: $280,000LOAN DATE: Funded May 2013LOCATION: Bremerton, Kitsap County ResidentialLOAN TYPE: Auction Loan, 9 month Term DETAILS: The subject property was sold at the Kitsap County foreclosure auction in late May 2013 for $160,000.  The borrower is a highly experienced real estate and foreclosure investor, who specializes in Kitsap, Pierce and Thurston counties.  The subject property is over 2500 square feet and has substantial…

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