LTRFlex Custom and Rental360 Portfolio+ Offer Flexibility and Simplicity for Experienced Buy-and-Hold Property Investors.
Today, Visio Lending announced the availability of two new loan options designed for the experienced buy-and-hold residential real estate investor. The LTRFlex Custom and the Rental360 Portfolio+ expand financing options to help accelerate rental property portfolio growth.
The LTRFlex Custom, a lower debt-to-service coverage ratio (DSCR) financing option for borrowers with strong credit profiles, is a unique option for active investors. Visio qualifies customers for the LTRFlex Custom based on a blend of the cash flow and appreciation potential of the property and the creditworthiness and investment experience of the customer. To learn more, click here.
“Markets, such as Austin where we are headquartered, with high-value properties and limited rental availability are attractive to investors, often beyond short term cash flow,” said Jeff Ball, Visio’s President and CEO. “As our clients strive to build a profitable suite of rental properties with the benefit of long-term appreciation, a custom product built around the investor, not solely the cash flow, will be in high demand.”
As the interest in Single Family Residential (SFR) real estate investing continues to grow, Visio regularly seeks broker and customer feedback to design and offer industry-leading, competitive products. Based on recent market feedback, Visio is re-introducing its Rental360 Portfolio+ product for experienced investors looking to finance up to five properties on a single loan. To learn more, click here.
Both products offer full 30-year terms with no balloons so that investors will not have to refinance or sell in the future. Visio offers a variety of variable and fixed interest rate structures to meet different investors’ strategies.
According to the 2016 Single-Family Rental Primer by the National Rental Home Council (NRHC), there are approximately 16 million single family rentals in the U.S., making up about 37 percent of all rental housing. With another one and a half million renter households expected to occupy single family rentals over the next five years, there remains a tremendous opportunity for investors.
“We are committed to offering competitive financing options that enable our customers to build wealth through rental portfolio growth,” added Ball. “We will continue to assess customer needs to ensure we are solving the challenges investors face when seeking fast, dependable loan options.”
About Visio Lending
Based in Austin, Texas, Visio Lending is the leading provider of long-term financing solutions for the buy-and-hold Single Family Residential (SFR) investor. A+ rated by the Better Business Bureau, and available in 36 states across the country and Washington, D.C., Visio is the go-to lender for experienced investors looking to grow their rental portfolios. With a fast, simple and dependable process, Visio’s customers regularly close their loans in weeks rather than months. Visit http://www.VisioLending.com to learn more.