Blog


Aug

27

2014

The Truth about Hard Money

  Although “borrowing hard money” might sound more daunting than using another type of loan, individuals that jump to this conclusion might be unaware of how this form of lending typically works. Secured by the value of a borrower’s property, hard money usually functions as a short term loan (bridge) that is more diverse than its traditional counterpart. Because hard money usually comes from private…

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Aug

26

2014
Auburn Flip

Auburn Flip

  Another Veristone loan has helped execute a successful King County fix & flip. This client completed a full remodel on a very distressed Auburn rambler. Seeing great potential in the 2,000+ sq. ft. parcel, the client made drastic changes to both the interior and exterior before placing it back on the market. Outside, the house now looks totally different after several coats of paint…

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Aug

06

2014

Big Summer Blowout!

Big Summer Blowout There are less than two weeks left of Veristone’s summer special. Get $500 off your next loan by using the promo code summer500 on your next loan request. (Offer expires 9/15) Disclaimer: These terms and conditions apply to the online promotion where you must enter a promotion code as part of the offer. The promotion code is valid for a limited time…

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Aug

06

2014
2 for 1 Auction

2 for 1 Auction

At the Seattle Trustee Auction, a Veristone partner secured two King County parcels for the price of one.  Veristone’s access to responsive title services as well as efficient communication with realtor Jason Bryant (Principal Northwest) provided our client with information regarding a hidden land parcel that was attached to one of the live properties at auction.  This bonus significantly increased the investment value, creating an…

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Aug

01

2014

Customer Spotlight

Carolyn Butterfield was selected to be our first featured client in the Veristone Wire. She and her designated broker Debbie Campbell, of Investor’s Choice Real Estate, have been working with Veristone for roughly 3 months. Carolyn just finished flipping her third project with us and both parties have thoroughly enjoyed the process. We were fortunate enough to talk with her for a few minutes and…

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Aug

01

2014

Featured Product vMax

vMax: “An awesome, innovative idea that allows investors to take advantage of a fast market. -vMax client, Jana Couran vMax is Veristone’s newest loan product, designed to help investors who can’t afford to wait on equity tied up in other projects as new investment opportunities arise. vMax loans allow borrowers to roll their down payment towards a future purchase as soon as their initial investment…

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Jul

23

2014
Woodinville Flip

Woodinville Flip

  A frequent Veristone partner performed an awesome fix and flip on this Woodinville property located in King County. This 2,700 square foot home has 4 bedrooms, 2 ¾ bathrooms, and a number of other features that transformed this house into a beautiful single family residence. With help from a Veristone fix & flip loan, this client acquired the property for $325,000. Seventy-five days later,…

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Sep

10

2013

Lacey, Washington Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $132,000FINAL SALES PRICE: $215,000LOCATION: Lacey, Washington- Thurston CountyLOAN DATE: May 2013 to August 2013LOAN TYPE: Auction Loan, 9 Month TermDETAILS:  The borrower on this subject property in Lacey is an experienced distressed property investor in Thurston County.  The Veristone borrower purchased the property for $151,000 in May 2013 at the Thurston County foreclosure auction.  The subject property is a 1996 Year-Built home…

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Aug

27

2013

Central Area Fix & Flip Loan

LOAN AMOUNT: $190,000FINAL SALES PRICE: $625,000LOAN DATE: March 2013 to August 2013LOCATION: Central Area, Seattle- King County ResidentialLOAN TYPE: Bridge Loan, 6 Month TermDETAILS: This property was purchased for $380,000 by an experienced Veristone real estate investor.  This property boasts 2100+ square feet and went through a “studs-out” remodel.  The house received modern finishes with bamboo floors, modern style hardi-siding, quartz counters, stainless, steel railings,…

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Jul

29

2013

Auburn Fixer Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $129,000FINAL SALES PRICE: $217,300LOAN DATE: March 2013 to June 2013LOCATION: Auburn, King County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month TermDETAILS: The borrower on this loan is an experienced real estate investor and real estate agent.  She purchased the property in March for $126,000 and performed a $30,000 remodel on this 1500 sq foot Auburn rambler.  The final product…

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