Category Archives: Veristone News


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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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

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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Dec

17

2012

Edmonds Fix & Flip Loan

LIBERTY CAPITAL DEALSHEET LOAN AMOUNT: $272,000 IMPROVED PROPERTY VALUE:  $420,000 LOAN FUND DATE: November 16th, 2012 (Start Date) LOCATION: Edmonds, Snohomish County- Residential TYPE: Fix & Flip Loan- Six Month Term DETAIL:  This property was purchased at foreclosure auction in October, 2012.  The property was subsequently refinanced into a Liberty Capital Fix-&-Flip Loan in November.  The subject property has an 800 square foot unfinished basement which will…

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Dec

04

2012

North Bend Auction Loan

[one_half_last] [/one_half_last] Details: The borrowers on this loan showed great perseverance and dedication. The borrower originally pursued the property as a primary residence on the multiple listing service.  When their original offer and deal began to fall apart with the bank, the borrowers and their realtor partnered with John L Scott Foreclosure Services and Liberty Capital Lending to successfully purchase the property at foreclosure auction. …

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Aug

08

2012

Kent Fix & Flip Loan Example

[one_half_last][/one_half_last] DETAILS: This property was listed on the market as a bank-owned property (in this case – Fannie Mae owned). The property needed updating of a large split-level house with over 3000 square feet. The borrower was able to finance over $60,000 in remodel costs via Liberty Capital’s Fix & Flip loan program.


Jul

31

2012

Seattle Home Price Up 2.6% in May

From the Seattle Times: Seattle home prices rose 2.6 percent from April to May, in line with a national trend that lifted home prices in all 20 metropolitan areas tracked by the closely watched Standard & Poor’s/Case-Shiller home price index. It was the second monthly increase for Seattle-area home prices after seven straight months of decline, putting local prices just 0.6 percent higher than they…

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