FAQs
Every question, answered straight.
Here's what investors and brokers ask before their first hard money loan, and the real answers to each one.
Business-purpose loans to entities secured by non-owner-occupied real estate only. Terms subject to underwriting; rates and terms vary by deal and state. BK #0944451.
What is hard money (private money) lending, and why use it?
Hard money, also called private money, is short-term financing secured by real estate instead of your income or credit history. It's faster, more flexible, and allows higher leverage than a conventional bank loan.
Are you a direct lender or a broker?
Versara Capital is a direct lender. We underwrite and fund every loan ourselves, in-house, so applications get reviewed the same day and quotes go out within 24 hours.
Do I need a minimum credit score to qualify?
Credit is reviewed, but equity matters more. We weight the property, your equity, and whether the project works. Prior bankruptcies, foreclosures, loan modifications, and short sales don't automatically disqualify you.
Who can borrow from Versara Capital?
Business-purpose loans to business entities (LLCs, corporations, and partnerships), secured by non-owner-occupied real estate. No consumer or owner-occupied loans.
Which states do you lend in?
Arizona, Texas, North Carolina, Georgia, and Alabama. We underwrite every deal in-house in Arizona. Georgia loans are made to business entities only.
Do you offer rental or long-term loans?
Yes. Our rental program finances rental and buy-and-hold properties with 3 to 4 year terms and a 30-year amortization schedule, based on the property and its cash flow.
What documentation do you need?
The loan application, entity documents (EIN, Articles of Organization, Operating Agreement), proof of insurance, and property access to verify condition.
Is insurance required?
Yes. Title, hazard, and flood insurance, where applicable, must stay in place for the full loan term.
Do you require an appraisal?
Not always. We underwrite in-house and often size deals without a full appraisal, ordering one when needed.
Do you inspect the property during the loan?
Yes. We inspect throughout the loan term. On rehab loans, we confirm progress before each draw.
How fast can I get funded?
Applications are reviewed the same day, and quotes go out within 24 hours. On select programs, funding happens in as little as 24 hours once your file is complete.
How do brokers work with Versara Capital?
Licensed brokers earn lender-paid compensation of 1 to 2 points per funded deal, plus full credit on the deal and direct access to our in-house underwriting team. Your client stays your client; we never market to them. Anyone without a license earns a flat $1,000 for an introduction that funds. Call the broker line at (602) 730-6853. See our brokers page for details.
Ready when you are
Get a real answer from a real person.
The application takes three minutes. An underwriter reads it the same day.
investor projects funded, $100M+ in closed loans.
24hrfrom application to a written quote, on every program.