Posted by Hannah Lapin ● Sep 3, 2020 9:00:00 AM

Summer 2020 Transitional Rental Closed Loans

transitional rentals summer 2020

It's been a crazy summer, but we are closing loans. At Visio Lending, we are proud to 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 your needs as a landlord. 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 has this June, July and August 2020:

Pottstown, Pennsylvania - Single Family Transitional Rental

PA Transitional Rental

  • Loan Amount: $164,925
  • Rate Structure: 5/1 ARM
  • Origination Fee: 1% (Low upfront costs, standard origination fee)
  • Loan Type: Purchase

Rosenberg, Texas - Single Family Transitional Rental

TX Transitional Rental-1

  • Loan Amount: $220,500
  • Rate Structure: 5/1 ARM
  • Origination Fee: 1% (Low upfront costs, standard origination fee)
  • Loan Type: Purchase

Lake Orion, Michigan - 2 Unit Transitional Rental

MI 2 Unit Transitional Rental

  • Loan Amount: $101,000
  • Rate Structure: 5/1 ARM
  • Origination Fee: 2% (Low upfront costs)
  • Loan Type: Cash-Out Refinance

 

New Port Richey, Florida - 2 Unit Transitional Rental

FL 2 Unit Transitional

  • Loan Amount: $77,250
  • Rate Structure: 5/1 ARM
  • Origination Fee: 1% (Low upfront costs, standard origination fee)
  • Loan Type: Purchase

 

Charlotte, North Carolina - Single Unit Transitional Condo

NC Transitional Rental-1

  • Loan Amount: $63,000
  • Rate Structure: 5/1 ARM
  • Origination Fee: 2% (Low upfront costs)
  • 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