Tacoma Auction Loan
LOAN AMOUNT: $137,000
FINAL SALES PRICE: $225,000
LOAN DATE: November 2012 thru April 2013
LOCATION: Tacoma, Pierce County- Residential
LOAN TYPE: Auction Loan, 12 month term
DETAILS: The subject property was one of almost 50 auction deals funded by Veristone Capital in 2012. The property was purchased last November for $157,000 and was updated during the Holiday season with new carpet, new paint, and a refreshed kitchen. The property was listed in January 2013 and boasts 2300+ square feet, 3 bedrooms, 3 baths, and a fence lot on a quiet street. As the spring selling season arrived, the property went under contract in March 2013, and successfully closed in April 2013.
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Veristone does not finance owner-occupied properties.