By: Lisa Prevost, The New York Times
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.