Traditional and Cash Out Refi

Traditional and Cash Out Refinance

Requirements:

Business Purpose Only
Arizona, Texas, Georgia Only
Minimum FICO os 580

Refinance loans provide brokers and lenders with an excellent way to help clients lower interest rates or access the equity in their properties. Whether your clients need to refinance an existing loan or want to pull cash out of their investment property, Versara Capital has you covered. Our refinance products cater to real estate investors who may be looking to lower their interest rates or use the cash for other business ventures. By partnering with Versara Capital, you can provide your clients with the flexibility they need to achieve their financial goals.

Traditional Refinance

Up to 75% CLTV
Rate starting from 10.9%*
Interest-only payments
Minimum 3-month term
Available with SFR, Condos, Mobile Homes, 2-4 Units, Commercial Buildings

Previous Loans 1: An investor in Arizona required refinancing for a single-family rental property valued at $500,000. We provided a loan at 70% CLTV, allowing them to reduce their interest rate from 12.5% to 10.9%. This lower rate provided the investor with greater cash flow and a better return on their investment.

Previous Loan 2: A borrower in Texas wanted to refinance a $750,000 commercial property to obtain a better rate. We provided 70% CLTV, allowing them to save significantly on monthly interest payments and continue growing their business efficiently.

Cash Out Refinance

Up to 70% CLTV
Rate starting from 11.9%*
Interest-only payments
Minimum 3-month term
Available with SFR, Condos, Mobile Homes, 2-4 Units, Commercial Buildings

Example 1: A borrower in Georgia needed access to $250,000 from their rental property valued at $500,000 for a new business opportunity. We provided a cash-out refinance at 65% CLTV, allowing them to pull out the equity needed while maintaining manageable monthly interest payments. He later sold the property, paying off the loan and taking in his additional profits.

Example 2: An investor in Arizona with a commercial building valued at $900,000 wanted to access equity for another real estate investment. Versara Capital provided a cash-out refinance at 70% CLTV, enabling the investor to leverage the property's value to secure their next deal.