Loan Programs

Let Veristone be a bridge to your next transaction.

When other lenders are too rigid in their pre-qualifications or are moving too slowly for your needs, Veristone can step in to fill the gap. Put our speed, responsive service and simple loan products to work for you.

LOAN TERMS

ORIGINATION FEE
Starting at 2%
(Based on Term)

RATE
Starting at 8.99%

TERM
Up to 24 months
(extensions available)

LOAN AMOUNT
$100k – $25MM

COVERAGE
LTV up to 70%
(Loan to Cost up to 85%)

LOAN PROGRAMS

For any property where the borrower is not adding value nor improving the property during the loan.  Mainly used to “bridge” time as the current value will not change, except for potential appreciation, during the term of the Veristone Bridge Loan.

For borrowers fixing up and adding value to a current property where the budget is NOT being financed by Veristone.

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For borrowers fixing up and adding value to the property with a Veristone financed holdback budget.  Utilize the online draw process to have their holdback money released.

For borrowers with permits who are doing ground-up construction with a Veristone financed holdback budget.  Utilize the online draw process to have holdback money released.

For borrowers who are doing entitlement work or do NOT have permits in hand yet for their construction project.

THE VERISTONE DIFFERENCE

  • Portfolio Lender
  • Highly Customized Loan Structures
  • White-Glove Client Services
  • Internal Underwriting Approval
  • Faster & More Creative than a Bank
  • In-House Valuation (Appraisal Not Required)
  • Specialize in Construction Draw Efficiency
  • Seller Financing & Cross Collateralization Available

TRANSACTION TYPES

PURCHASE   –   REFINANCE  –   CASH-OUT REFINANCE  –  AUCTION

ASSET TYPES

Commercial  –  SFR (1-4 Units)  –  Townhomes/Condos  –   Multi-Family  –  Manufactured Homes  –  Land

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