Nonbanks Target Single-Family Rental Investors

By: Lisa Prevost, The New York Times

“There are between 12 and 15 million single-family rental properties in the country,” Ball said. “It’s a very large market, currently underserved by the debt market, and very fragmented.”
— Jeff Ball, Visio CEO

Although investor interest in rehabbing properties to flip or rent out continues, financing to build their small businesses remains a niche market. Between stringent credit limitations and lengthy approval processes, banks make it challenging for residential investors to obtain financing, especially as distressed properties become more difficult to find.

Visio CEO, Jeff Ball was recently featured in the New York Times to shed light on the changing lending landscape for residential investors, and where alternative financing fits into the bigger picture. Read the full New York Times article, here.