Central Area Fix & Flip Loan
LOAN AMOUNT: $190,000
FINAL SALES PRICE: $625,000
LOAN DATE: March 2013 to August 2013
LOCATION: Central Area, Seattle- King County Residential
LOAN TYPE: Bridge Loan, 6 Month Term
DETAILS: 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, new windows, new door, new roof and more. This house got tricked out. The borrower completed this project in under 4 months and sold the property for full price in four days. The property successfully closed in August 2013.
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Veristone does not finance owner-occupied properties.