Fall 2020 Transitional Rental Closed Loans

Posted by Hannah Lapin on Dec 17, 2020 9:00:00 AM

tan house with 2-door garage

At Visio Lending, we are proud to have closed over 9,000 loans across the country and are continually helping investors grow their rental and vacation rental portfolios. Our flexible loan programs can be customized to your investment strategy. For instance, the investor who is seizing an opportunity to buy the right property and wants to have options, can choose our 5/1 ARM or 7/1 ARM and pay our standard 1% origination fee. (Learn more about our rental loan options here). Here are some examples of what we've coined as "Transitional Rentals" that Visio closed in October and November 2020.

Birmingham, Alabama - Single Family Transitional Rental

AL Transitional Rental

  • Loan Amount: $183,400
  • Rate Structure: 5/1 ARM
  • Origination Fee: 1% (Low upfront costs, standard origination fee)
  • Loan Type: Cash-Out Refinance

Stratford, Connecticut- 2 Unit Transitional Rental

CT Transitional

  • Loan Amount: $224,800
  • Rate Structure: 5/1 ARM
  • Origination Fee: 1% (Low upfront costs, standard origination fee)
  • Loan Type: Purchase

New Orleans, Louisiana - 2 Unit Transitional Rental

LA 2 Units

  • Loan Amount: $259,000 
  • Rate Structure: 5/1 ARM
  • Origination Fee: 2% (Low upfront costs)
  • Loan Type: Cash-Out Refinance

Columbus, Ohio - Single Family Transitional Rental

OH Transitional Rental

  • Loan Amount: $182,000
  • Rate Structure: 5/1 ARM
  • Origination Fee: 1% (Low upfront costs, standard origination fee)
  • Loan Type: Cash-Out Refinance

 

Bishopville, South Carolina - 3 Unit Transitional Rental

SC Transitional Rental

  • Loan Amount: $89,600
  • Rate Structure: 5/1 ARM
  • Origination Fee: 1% (Low upfront costs, standard origination fee)
  • Loan Type: Cash-Out Refinance

Syosset, New York- Single Family Transitional Rental

NY Transitional Rental

  • Loan Amount: $1,2000,000
  • Rate Structure: 5/1 ARM
  • Origination Fee: 1% (Low upfront costs, standard origination fee)
  • Loan Type: Cash-Out Refinance

 

Does this strategy align with your goals? Check out our Complete Guide to Transitional Rentals.

Keep in mind, our Loan Programs are subject to change. For the latest updates, sign up for our emails or contact your Account Executive. Be sure to visit the Visio Blog for resources on financing, real estate investing, landlording, and more.

 

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Topics: Closed Loans