Category Archives: Fix & Flip


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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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

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

Ballard Fix & Flip Transformation

VERISTONE  DEALSHEET LOAN AMOUNT: $480,000FINAL SALES PRICE: $790,000LOAN DATE: December 20th, 2012 to May 30th, 2013LOCATION: Ballard, King County ResidentialLOAN TYPE: Fix & Flip, 6 Month Term DETAILS: The subject property is a large, 2900 sq ft house in the Salmon Bay City area of Ballard with spectacular city and water views.  The property was a fixer purchased for $430,000 in December 2012.  With the aid of a Veristone Fix…

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Jun

24

2013

Burien Fix & Flip

VERISTONE DEALSHEET LOAN AMOUNT: $118,000FINAL SALES PRICE: $226,000LOAN DATE: April 2012 through May 2013LOCATION: Burien, King County ResidentialLOAN TYPE: Fix & Flip Loan, 5 Month Term, with built in extension options DETAILS: This Burien fixer was purchased in 2012 for $80,000.  Using a Veristone Capital Fix-&-Flip Loan, the borrower used $60,000 in remodel capital in the form of construction holdbacks.  These funds were released over time as periodic construction milestones…

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Jun

24

2013

Capitol Hill Fixer Loan

VERISTONE DEAL SHEET LOAN AMOUNT: $660,000FINAL SALES VALUE: $1,150,000LOAN START DATE: May 2013LOCATION: Capitol Hill, Seattle, King County WashingtonLOAN TYPE: Fix & Flip Loan, 7-Month Term DETAILS: In May, we were pleased to lend on a grand vintage home in Capitol Hill boasting over 2900 square feet.  This historic house sits on a corner lot with partial lake views and still carries periodic details intact. …

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May

14

2013

Maple Valley Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $126,000 FINAL SALES PRICE: $228,000 LOAN DATE: December 14th, 2012 to April 1st, 2013 LOCATION: Maple Valley, King County- Residential LOAN TYPE: Auction Loan, 9 Month Term DETAILS: Our Veristone Capital borrower obtained the subject property at the King County foreclosure auction in December 2012 for $144,000.  The borrower is an experienced real estate investor who partnered with Skyline Properties and…

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May

01

2013

West Bellevue Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $585,000HOUSE VALUE: $800,000 estimatedLOAN DATE: March 1st, 2013 through April 26th, 2013LOCATION: Bellevue, King County- ResidentialTYPE: Auction Loan- 12 Month TermDETAILS: Veristone Capital partnered with John L. Scott Foreclosure Services to acquire a rare view property in one of the premier Seattle neighborhood’s- West Bellevue, near Meydenbauer Bay.  The subject property boasts 1930 square feet with lake views.  The property was…

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