Federal Way Fix & Flip Loan

VERISTONE DEALSHEET

LOAN AMOUNT: $213,000
FINAL SALES PRICE: $455,100
LOAN DATE: January 2013 to June 2013
LOCATION: Federal Way, Marine Hills, King County- Residential
LOAN TYPE: Fix & Flip Loan, 6 Month Term, $25,000 Construction Holdback
DETAILS:  This is an outstanding story of a 1966 property with sound views in the Redondo Highlands receiving modern updates.  New interior and exterior paint, private upper level master suite, modern kitchen and baths, vaulted ceilings and over 3100 square feet of living.  Fireplaces, decks, courtyards and views everywhere.  This house sold in one week at over $35k above original asking price.  The borrower is an experienced general contractor and real estate investor.  Veristone Capital is proud to partner on a weekly basis with investors creating value in scenarios like this- taking distressed homes into the realm of affordable luxury.


Davis Hsu

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