Category Archives: Hard Money Loans


Mar

06

2017
A Flawless Fix and Flip

A Flawless Fix and Flip

A premier Veristone client executed a successful fix and flip on this Lynnwood, WA property located a short distance north of Seattle. The 1,3790 square foot home has 3 bedrooms, 2 ½ bathrooms, and a number of new features that transformed it from two small units, to a beautiful single family residence. This house now boasts, an updated and upgraded kitchen with gorgeous granite and…

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Nov

18

2016
Textbook Fix and Flip

Textbook Fix and Flip

Thanks to having strong partners in the real estate business and eye on the market, Retha McCutchen was able to acquire an ideal fix and flip in the Cully neighborhood of Northeast Portland. With the help from her partners in the real estate business, knowing the neighborhood and aligning with quick financing from Veristone, Retha was able to jump on this opportunity. It was worth…

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Sep

25

2016
A Glossary of Hard Money Lending Terms

A Glossary of Hard Money Lending Terms

Getting involved in real estate investing can present a whole new vocabulary. We’ve compiled the following list of terms which you are likely to hear if you venture into hard money real estate investing. The Terms: After Rehab Value (ARV): The amount that the investment property is expected to be worth after all of the planned renovations are completed. Appraisal: A professional assessment of how…

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Sep

06

2016
Builders can find spec loans with hard money lenders

Builders can find spec loans with hard money lenders

Still wary of past shaky lending practices and encumbered with regulations (like the 2010 Dodd-Frank Act), traditional lenders are not willing or able to provide speculative construction loans. Unlike the banks, hard money lenders like Veristone are eager to fund such deals. With loan periods that are much shorter than traditional banks, hard money lenders like Veristone are able to adjust to market conditions and…

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