West Seattle Fix & Flip Loan
LOAN AMOUNT: $296,000
FINAL SALES PRICE: $534,000
LOAN DATE: June 2012 to April 2013
LOCATION: West Seattle
TYPE: Fix & Flip Loan- 6 Month Term with 3 Month Extension Option
DETAILS: The subject property is a 1928 Tudor boasting 2350 square feet. This property sits on a spectacular street and went under a complete permitted remodel with aid of an architect. The borrower in an experienced real estate investor who completed the project with a successful sale and the aid of a 3-month extension. The property went under contract in March 2013 and successfully sold in April 2013.
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Veristone does not finance owner-occupied properties.