Visio Lending Unveils New Loan Offerings to Speed Long-Term Rental Portfolio Growth

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.”

To learn more about Visio’s financing options click here to contact us. If you are interested in becoming an approved Visio broker, click here.

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.

Media Contact
Alyssa Tomashek
alyssa.tomashek@visiolending.com
512.334.1437

Visio Designated a Fast 50 Company by Austin Business Journal

Chosen Among an Elite Group of Companies, Visio Named One of the 50 Fastest Growing Companies in Austin

Austin, Texas—September 21, 2016—Visio Lending has been named one of Austin’s 50 fastest growing companies by the Austin Business Journal in their highly sought-after Fast 50 award as Visio emerges a leader in the developing landlord finance industry. Visio’s ranking as a Fast 50 company illustrates their commitment to the growing asset class of real estate investors looking to expand their rental portfolios, grow their small businesses and build their equity.

“We are honored to be named a Fast 50 company by the Austin Business Journal and to be listed among such innovative companies right here in Austin,” Jeff Ball, CEO, said. “We expect the monumental growth that we’ve experienced in the last several years to only continue as we expand our leadership and dedication to the Austin community.”

Visio has grown to include 66 employees since being founded in 2011 and has since originated nearly 4,000 loans for more than $58 Million. They also just announced the opening of their first satellite office in Atlanta, Ga. due to an increase in loan originations in the area. Substantial revenue growth in the prior three years is one of the requirements to qualify for Fast 50.

“As the population of renters continues to climb, landlords require financing from a lender who understands their needs,” Ball said. “We saw a gap in financing opportunities for landlords who want the lower rates and dependability of a bank, but the speed of private or hard money lenders. We offer the perfect combination of a quick close and limited documentation, while still offering lower rates and fees.”

Visio will be honored at the Austin Business Journal event, Oct. 27, 2016, with the other Fast 50 award winners where rankings will be announced. For more information about Austin Business Journal’s Fast 50 visit http://bit.do/Fast50.  

About Visio Lending
As the leader in landlord finance, Visio Lending is revolutionizing a new era of real estate investing. While the population of renters continues to climb, landlords require financing from a lender who understands their needs. Accredited by the Better Business Bureau, and available in 34 states across the country, Visio is fully capitalized and always ready to lend. Dedicated to serving the under-served landlord investor space, they focus on bringing long-term financing to investors with multiple rental properties and have funded nearly 4,000 loans in the last five years alone. Visit www.visiolending.com for more information.

Media Contact
Lydia Adams
lydia.adams@visiolending.com
512.334.1448
 

Visio Lending Opens Office, Hires Dedicated Account Executives in Atlanta

First Office Outside of Austin, Texas Opens to Prepare for Robust Real Estate Investment Market 

Austin, Texas—September 7, 2016—In response to the robust real estate market and increased landlord loan originations in Atlanta, Ga., Visio Lending is pleased to announce the opening of their first location outside of their corporate office in Austin, Tex. as well as the hiring of Michael Braswell and Kweillin “KG” Gordon as local Account Executives dedicated to serving residential real estate investors, landlords and brokers in the greater Atlanta area.

“All of our research indicates that residential investing, especially in regard to rental properties, remains hyper-local and fragmented. Investors want to build their small business with a lender right in their backyard,” Jeff Ball, CEO of Visio Lending said. “We chose to open our first satellite office in Atlanta due to the growth in real estate there and the great future we see for building up our client base. We couldn’t be happier to have local team members on the ground who know the ins-and-outs of Atlanta residential real estate.”

Visio offers loans to landlords focused on building rental portfolios. Specializing in landlord finance, Visio is committed to providing landlords with the ultimate borrowing experience. As one of the hottest real estate markets post-recession and with increasing rent prices and new home starts up 8% since last year, Atlanta remains one the best places in the country for landlords. In fact, Visio’s own Residential Real Estate Investor Report named Georgia as number two of the top states for residential real estate investors last year.

“This new venture represents our commitment to the community of landlords in Atlanta, and the residential real estate investment industry as a whole,” Ball said. “We take great care in whom we hire, and both KG and Michael exemplify our values of bringing fast, simple and dependable financing to residential investors as we revolutionize the landlord financing space.”

Michael has more than four years’ experience originating loans and was a top mortgage banker for Chase Bank in Georgia. He comes to Visio from True Serene, and is a graduate of Morehouse College with a Bachelor’s Degree in Finance. An investor in real estate since 2014, Kweillin joins Visio from Redfin Realty, where he held a position of Associate Real Estate Agent. Kweillin is a graduate from Georgia Southern University and holds an MBA from Troy University at Troy, AL.

The new Visio office is located at 3340 Peachtree Road, N.E., Suite 1010, Atlanta, Georgia 30326, and will be the home base of operations in Atlanta. There will be a Grand Opening on-site on Sept. 20, 2016 at 6:00 p.m.

About Visio Lending
As the leader in landlord finance, Visio Lending is revolutionizing a new era of real estate investing. While the population of renters continues to climb, landlords require financing from a lender who understands their needs. Accredited by the Better Business Bureau, and available in 34 states across the country, Visio is fully capitalized and always ready to lend. Dedicated to serving the under-served landlord investor space, they focus on bringing long-term financing to investors with multiple rental properties and have funded nearly 4,000 loans in the last five years alone. Visit www.visiolending.com for more information.

Media Contact
Lydia Adams
lydia.adams@visiolending.com
512.334.1448

Visio Improves Customer Automation, Offers Full Suite of Products

Real Estate Lender Prepares for a Robust 2016 with Online Application, Streamlined Process

Austin, TX—January 21, 2016—Visio Financial Services, one of the leading residential real estate marketplace lenders in the U.S., today unveiled their improved website with online application, chat capabilities and interactive loan selector, which features a full suite of products from short-term flip loans to long-term fully amortized 30-year mortgages.

The lender, who has completed more than 3,500 loans since their founding in 2011, counts customer automation and enhanced efficiency as major achievements in 2015, while retaining one-on-one service and quality investor-only loan programs as foundations to their unique lending platform.

“We understand the needs of residential real estate investors,” Jeff Ball, CEO of Visio said. “It’s a combination of the right loan products, low rates, unparalleled customer service and efficient closings. Everything we have done to this point has been to fulfill our promise of fast, simple and dependable investor lending.”

Designed with the customer in mind, Visio’s new online features allow borrowers to work with Account Executives both via phone and web, including the ability to upload documents directly to their CRM, saving time in the loan process. Currently Visio’s processing time from application to close is two to three weeks depending on loan complexity, significantly shorter than traditional mortgage lenders that can take months.

“A landlord or flip investor’s timeline is far more expedited than the average homeowner,” Ball said. “They need a loan quickly when purchasing a new home or taking cash out of existing properties to build up their rental portfolios or flip more homes each year. We streamlined our process with the goal of a destination website, and we expect to improve not only our technology, but also our customer interaction in tandem throughout the coming year.”

Residential investors can visit www.visiolending.com to view available loan products, including the premier Rental360 long-term landlord loan, which offers rates as low as 6.5% and LTVs up to 75% to qualified borrowers.

About Visio Financial Services
Since the company’s founding in 2011, Visio has grown to become one of the largest lenders of its kind, funding more than 3,500 residential real estate loans to investors. As the founders of Inc. 500 award-winner Econohomes, a seller of sub-$100,000 investment properties across the country, Visio’s leadership saw the gap in the mortgage market for residential real estate investors and created a solution to meet their needs. To date, the company has raised more than $100 million in debt and equity capital to provide real estate loans to investors in 34 states. 

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Media Contact
Lydia Adams
lydia.adams@visiolending.com
(512) 334-1448

 

[Press Release] Visio Announces the Rental360, Their First Fully Amortizing 30-Year Loan for Residential Investors

Amid Booming Rental Market, Visio Fills the Lending Gap for Non-Institutional Real Estate Investors

Austin, TX—Sept. 17, 2015—Visio Financial Services, one of the leading residential real estate marketplace lenders in the U.S., announced today that they have expanded their loan offerings to include a 30-year fully amortizing landlord loan at industry-leading rates as low as 6.9% and LTVs up to 75%, filling the gap for long-term investor financing in a thriving rental market.

“Our new Rental360 is the perfect long-term product for residential real estate investors to unlock trapped equity to further grow their portfolios,” said Visio CEO, Jeff Ball. “This new offering rounds out our existing loan products, which include everything from no-doc, 12-month fix-and-flip loans to now, low-doc, 30-year-term loans with no balloon. This revolutionary loan product provides landlords with much needed financing as they redevelop houses into quality affordable rental homes in communities across the country.”

The rental market continues to grow, indicating a shift from home ownership to renting. The U.S. Census Bureau’s Housing Vacancy Survey (HVS) reported that the U.S. rental vacancy rate (rate of unoccupied units) dropped to 6.8 percent in the second quarter of 2015, the lowest level since 1985. While small residential investors make up the vast majority of owners of these rental properties, their financing options have long been limited.

According to Visio’s 2015 Residential Real Estate Investor Report, 92% of full-time residential investors lack the necessary capital to grow their businesses, while part-time residential investors cited difficulty accessing capital (35%) and a shortage of money to do more deals (58%) as major impediments to going full time.

“Landlords have had few long-term lending options through both traditional and hard money sources, until now.” Ball said. “There remains a great opportunity to build or expand rental portfolios of residential rental properties, offering great risk-adjusted returns and the possibility of hedging against future inflation risk. As this market expands, Visio will be ready with loan products created specifically for residential investors who employ varying investment strategies.”  

To view all of Visio’s loan products, use their unique online loan selector, which automatically matches Visio's lending options to borrowers' specific needs, using just a half-dozen pieces of information.

About Visio Financial Services
Since the company’s founding in 2011, Visio has grown to become one of the largest lenders of its kind, funding more than 3,000 residential real estate loans to investors. As the founders of Inc. 500 award-winner Econohomes, a seller of sub-$100,000 investment properties across the country, Visio’s leadership saw the gap in the mortgage market for residential real estate investors and created a solution to meet their needs. To date, the company has raised more than $100 million in debt and equity capital to provide real estate loans to investors in 22 states. 

Media Contact
Lydia Adams
lydia.adams@visiolending.com
(512) 334-1448

Visio's Jeff Ball Looks to Overcome Challenge of Remote Due Diligence

By: Tony Zerucha, Bankless Times

The President and CEO of a leading residential real estate investment lender says there are unique challenges in growing a real estate-focused platform into a national entity.

Jeff Ball said underwriting real estate transactions is a challenge for platforms because no one has created the methodology and technology to perform remote due diligence.

In contrast, with unsecured consumer lending credit scores are predictive of consumer behavior regardless of where the applicant lives, he explained.

“The hard part of lending in real estate, especially remotely, is the challenge posed with assessing the property’s condition and the area it is in,” Mr. Ball said.

This problem is especially acute in certain areas of major cities where revitalization efforts are taking place. In areas of Baltimore and Philadelphia, for example, some blocks can feature five or six houses which have been redeveloped and which are in good shape. A half-block down the street, someone may want to renovate a house between an empty lot and a burned-out home.

Tough to see that when you are working several states away.

One step Visio takes is to verify the borrower’s experience level, Mr. Ball said. If they have previously borrowed for several successful “fix and flips,” this says the borrower has at least some idea of the work involved and how much profit those efforts can reasonably expect to generate.

Another challenge for real estate lending platforms is finding enough quality deals they can cost effectively perform due diligence on and present to investors, Mr. Ball said.

This problem is especially acute for remote lenders, Mr. Ball said.

“The risk for (remote) platforms is they get negatively selected,” he explained. “If you are not the local guy you can get taken because if a local lender liked the deal they would have done it.”

Platforms can attract better quality deals by providing access to flexible and cheaper capital that gives them a cost advantage, Mr. Ball said.

During and immediately following the mortgage crisis, many people challenged a company’s ability to foreclose on a property. As loans were packaged and repackaged, it was hard to track ownership and keep proper files.

“Collateral agents hold the original loan files,” Mr. Ball said.

More attention is being paid to how the different lending platforms will react when the market hits a down part of the cycle. Mr. Ball believes it is sensible to assume those companies which combine decades of industry knowledge with technical expertise will fare better than those whose founders are great with technology but have scant experience in the field.

“Many of these underwriting models have not been tested through down cycles and I believe they are underpricing risk,” Mr. Ball said.

Read the full article here.

Epic Real Estate with Matt Theriault

Today’s guest is providing another great resource for investors looking to finance their next deals.  Matt is interviewing Jeff Ball, CEO of Visio Financial Services, a private lending company focused on helping residential investors succeed by offering unique mortgage loans.  Jeff explains how Visio is different from bank and hard money loans and what he predicts for the future of real estate investing.  Enjoy!

6 Ways States are Luring Small Business

By: Elaine Pofeldt, CNBC

Which states are the most attractive to small businesses? And why are businesses flocking to certain parts of the country? There are plenty of ways that states and cities can remain competitive when building and keeping a strong economy.

One way, according to Visio CEO Jeff Ball is to focus on a well-educated labor pool. Based in Austin, Texas Visio has been able to attract and retain top talent from the University of Texas system.

"Our business is really driven by our people," said Ball. "There is a pretty good balance of supply and demand here in Texas." And the cost of living, while not cheap, isn't prohibitive to recent graduates, he noted. "Texas is a pretty affordable place to live," said Ball. "It's an attractive place for millennials to come."

Read the full article here.