Category Archives: Closed Opportunities


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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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

07

2013

Tacoma Auction Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $137,000FINAL SALES PRICE: $225,000LOAN DATE: November 2012 thru April 2013LOCATION: Tacoma, Pierce County- ResidentialLOAN TYPE: Auction Loan, 12 month termDETAILS:  The subject property was one of almost 50 auction deals funded by Veristone Capital in 2012.  The property was purchased last November for $157,000 and was updated during the Holiday season with new carpet, new paint, and a refreshed kitchen. …

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