Let Veristone fund your next “fix & flip” with our simple but competitive loan.
Most lenders don’t like the short-term nature of fix & flip lending. At Veristone, we love fix-and-flips and have a loan product specifically designed to work for you.
When it comes to flipping properties, the traditional route can be difficult and slow. With Veristone, the experience is different. We believe in simple and effective loan programs, such as our Fix & Flip loan, which gives you an “all in one” program to help you acquire, rehab and quickly sell a property.
With this option, you’ll not only receive acquisition funds, you’ll also have access to a construction holdback account for the approved construction budget. We understand your need to finish your project and get the property back on the market quickly. With our streamlined online draw request process, you’ll receive draws when you need them throughout your rehab project.
- For Individuals and Business Entities
- Maximum LTV 65% (Finished Value)
- Minimum Down Payment of Total Cost – 20%
- Personal Guaranty
- Approved General Contractor
- 12% Interest Rate (Interest Only Payments)
- $695.00 Processing Fee
- $150 per Draw / Inspection Fee
- 6-9 Months (Extensions Available)