Program 01 · Fix & Flip
Fix & flip loans that fund in 24 hours.
One loan covers the purchase and the rehab, up to 85% LTV.* We fund in as little as 24 hours on qualified deals.
*Starting rate and maximum leverage are for qualified transactions and subject to underwriting; actual rate, LTV, and LTC vary by deal, program, and state. Business-purpose loans to entities secured by non-owner-occupied property only. Terms subject to underwriting; rates and terms vary by deal and state. BK #0944451.
01 · Program facts
Program guidelines
One loan covers the purchase and the rehab. What follows is the current guideline sheet for this program. If your deal falls outside it, call and we will tell you.
Rehab & Fix-and-Flip Loans
- Loan Purposes:
- Property acquisition, rehabilitation, and fix-and-flip projects
- Property Types:
- Residential investment properties
- Loan Term:
- 3–60 months, interest-only
- Maximum LTV:
- Up to 85%
- Residential Appraisals:
- Generally not required unless the property is unique or located in a rural area
- Closing Speed:
- As little as 48 hours
Versara Term Sheet
- Loan size:
- $50K–$500K
- Interest rate:
- From 10.99%, interest-only
- Origination:
- 1 point at closing
- Exit fee:
- 1 point, collected at payoff
- Doc fee:
- $495
- Leverage:
- Up to 85% LTV, minimum 20% down on purchase price
- Term:
- 6–12 months, interest-only
- Rehab draws:
- Reimbursement inspections $450 each (up to 5), licensed contractors required
- Property types:
- Single-family residential investment property, no industrial or commercial neighbors
- Borrower:
- Business entities (LLC, corporation, partnership), non-owner-occupied only
- Credit:
- Bad credit, bankruptcy, foreclosure, and short sales workable, since we underwrite on equity
- Speed:
- Same-day qualification, funding in as little as 24 hours on qualified deals
Terms, rates, and fees are subject to change without notice and are not a commitment to lend. All loans are for business or investment purposes only, subject to underwriting approval and executed documentation. Rates and terms vary by deal and state.
02 · How much we lend
Maximum leverage
| Scenario | Max LTP | Max LTC | Max LTP Residential |
|---|---|---|---|
| Residential Fix & Flip | 80% | 100% | — |
| Purchase Short-Term (no Value-Add) | — | — | 80% |
Scroll the table sideways to see every column.
03 · Fit check
Which deals we fund
Common Loan Scenarios
- Investor purchasing a single-family property to renovate and resell
- Investor acquiring a residential property that requires repairs or renovation
- Investor needing bridge financing for a time-sensitive real estate acquisition
- Property owner completing a cash-out refinance to access equity for business purposes
- Business-purpose borrower seeking a second mortgage behind an existing first mortgage
- Investor purchasing or refinancing a mobile or manufactured home
- Investor financing an investment property in a rural or remote Arizona market
- Borrower with a low credit score seeking asset-based real estate financing
Scenarios Not Considered
- Purchasing a property with no money down
- 100% financing
- Consumer-purpose loans
- Ground-up construction loans
- Consumer-purpose residential loans
- Owner-occupied home purchase financing
04 · What it costs
Fees
- Processing Fee:
- Our origination, processing, underwriting and doc fees combined are almost always under 1% of the loan amount for a regular fix and flip loan.
- Escrow Fee:
- normal escrow and title fees when you purchase a property or do a refinance
- Title Fee:
- normal escrow and title fees when you purchase a property or do a refinance
Additional details
While our fee is typically $995 to $1,995 for senior (1st lien) loans, it can be higher in some cases. The minimum fee for 2nd mortgages is $5,000.
Last updated: September 14, 2026
Before you apply.
All FAQsHow fast can a fix and flip loan close?
We review applications the same day and quote within 24 hours. Funding can happen in as little as 24 hours on qualified deals, since we underwrite in-house.
How much of the rehab budget do you fund?
We finance rehab costs through draws, paid out as work is done and verified by inspection. Total financing goes up to 85% loan-to-value, with a minimum 20% down on the purchase price. Draws require licensed contractors.
Do I need good credit for a fix and flip loan?
No. We underwrite the property, your equity, and your plan, not your credit score. Prior bankruptcies, foreclosures, and short sales are all workable.
What properties qualify for Versara?
Single-family residential investment properties without industrial or commercial neighbors, held by a business entity (LLC, corporation, or partnership), non-owner-occupied, in Arizona, Texas, North Carolina, Georgia, or Alabama.
Ready when you are
Get your flip quoted in 24 hours.
The loan request asks for the whole deal up front. An underwriter reads it the same day, and you'll have a decision within 24 hours.
investor projects funded, $100M+ in closed loans.
85%maximum loan-to-value on Versara fix & flip loans.