Summer 2020 Permanent Rental Closed Loans

Posted by Hannah Lapin on Aug 27, 2020 9:00:00 AM

Sumer 2020 Permanent Rental

Saying it's been a crazy summer is an understatement! Yet at Visio Lending, we are closing loans. In fact, we have closed over 8,000 loans across the country and are continually helping investors grow their rental and vacation rental portfolios. Our flexible loan programs can be customized to meet your investment needs. For instance,  the investor who is building a legacy of rental properties to give to their heirs and keep in the family forever, can choose our 30-year terms and buy their rates down. Here are some examples of what we've coined as "Permanent Rentals" that have closed in July and August 2020:

Chicago, Illinois - 2 Unit Permanent Rental

Chicago 2 Unit Permanent

  • Loan Amount: $156,000
  • Rate Structure: 30-Year Fixed
  • Origination Fee: 4% (Buy down rates)
  • Loan Type: Cash-Out Refinance


Columbus, Ohio - 2 Unit Permanent Rental

Columbus 2 Unit Permanent

  • Loan Amount: $135,000
  • Rate Structure: 30-Year Fixed
  • Origination Fee: 4% (Buy down rates)
  • Loan Type:  Cash-Out Refinance


Philadelphia, Pennsylvania - Single Family Permanent Rental

PA Permanent Rental

  • Loan Amount: $92,400
  • Rate Structure: 30-Year Fixed
  • Origination Fee: 4% (Buy down rates)
  • Loan Type:  Rate & Term Refinance


Douglasville, Georgia - Single Family Permanent Rental

GA Permanent Rental

  • Loan Amount: $112,500
  • Rate Structure: 30-Year Fixed
  • Origination Fee: 2% (Buy down rates)
  • Loan Type:  Rate & Term Refinance


Davenport, Florida - Single Family Permanent Rental 

FL Permanent Rental

  • Loan Amount: $191,100
  • Rate Structure: 30-Year Fixed
  • Origination Fee: 2% (Buy down rates)
  • Loan Type: Purchase


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