Reinvest or reduce business expenses with Veristone’s v100 loan.
Take advantage of your next real estate investment sooner with a v100 loan from Veristone. By accessing your down payment upon project completion, you can put our speed and responsive service to work for you on your next project.
The v100 loan is a short-term loan that helps serious real estate investors purchase properties quickly and with much less red tape. With quick pre-qualification and fast closing, the v100 loan is an appealing option for real estate investors who want to recoup their down payment upon project completion.
Here’s how it works: Once your current Veristone-financed project is completed, you can access your initial down payment (“Potential Available Funds”) if (1) the existing property is valued at a finished LTV of at least 70% and (2) is either listed on the MLS or in the process of refinance. If these conditions are met, you can claim your potential available funds quickly and use them to reinvest or pay off existing business expenses.
- For Individuals and Business Entities?
- Conventional Escrow and Unconventional Investor Purchases (Trustee, Sheriff, Online Auction)
- Minimum Down Payment – 20%
- Maximum LTV 70% (Finished Value)
- Personal Guaranty
- 12% Interest Rate (Interest Only Payments)
- $695 Processing Fee
- 6 Months (Extensions Available)
V100 LOAN QUESTIONS?
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Start your v100 Loan request today.
Our streamlined process moves borrowers from loan request to funding in a matter of days.