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.
Quote your flip
24-hr responseVersara term sheet
Updated August 2026- 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
How Versara Works
One loan covers the purchase and the rehab.
One loan covers the purchase and the rehab budget. Close on the purchase in about a week, then draw funds as work gets done. Inspections turn around in a few days.
- Same-day application review, quote back in writing within 24 hours
- Five rehab draws available, reimbursements move fast once the inspection clears
- We underwrite the property, not you
- Interest-only payments keep your costs down while the crew works
- Sell when it's done, or roll into our rental program if you'd rather hold
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 application takes about three minutes. 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.