Category Archives: Veristone News


Sep

26

2018

September 2018 Pacific Northwest Market Watch

CLOSED SALES ARE DOWN Most of the general public in the greater Pacific Northwest is now aware that residential real estate inventory is up. I mentioned that in last months post. This month I want to talk about how sales are down. Attached is a chart of all closed sales since January 2000 in the King, Snohomish, Pierce and Kitsap counties. These figures include both SFR…

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Sep

28

2016
Networking in style – what hard working real estate professionals deserve

Networking in style – what hard working real estate professionals deserve

Being a Hard Money lender isn’t only about making and managing loans. Like most businesses involving real estate, there is tremendous value in knowing your market and knowing your clients. The quote “If your business comes from relationships, relationships should be your business” is a great reflection of Veristone’s commitment to this philosophy. Everyone on the team recognizes that the more you know about each client, the…

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Sep

06

2016
Builders can find spec loans with hard money lenders

Builders can find spec loans with hard money lenders

Still wary of past shaky lending practices and encumbered with regulations (like the 2010 Dodd-Frank Act), traditional lenders are not willing or able to provide speculative construction loans. Unlike the banks, hard money lenders like Veristone are eager to fund such deals. With loan periods that are much shorter than traditional banks, hard money lenders like Veristone are able to adjust to market conditions and…

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Aug

07

2016
Appreciation in the Northwest – Setting a Red Hot Pace

Appreciation in the Northwest – Setting a Red Hot Pace

In spite of easing a bit from prior months, home prices are continuing to experience positive appreciation. The S&P Case-Shiller 20-City Composite index for May (as reported at the end of July) rose 5.2 percent year over year. This accounts for slight slowdown from April’s 5.4 percent increase. The Case-Schiller index tracks changes in the value of residential real estate nationally as well as in…

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Jun

05

2016
North Everett New Construction Loan

North Everett New Construction Loan

Another successful venture for a Veristone client: Veristone Capital partners with experienced builders to finance ground up construction on a case-by-case basis. The subject property is located at 324 Skyline Drive, one block from Legion Golf Course. The property offers views of the Snohomish River valley and the Cascade Mountains. This newly constructed home is 1,741 square feet, featuring 3 large bedrooms, granite counter tops,2.25…

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Apr

24

2016
Preparation Meets Opportunity

Preparation Meets Opportunity

We’ve probably all the heard at least one of the following quotes, “Luck is what happens when preparation meets opportunity” and “The harder I work, the luckier I get.” Both of these quotes point out the connection between good fortune and preparation. This point holds true in the business of fix and flip investing. The better your preparation, the higher your likelihood of success (and profit)….

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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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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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