This is no April Fools prank; we are launching some of our most exciting product updates yet. At Visio Lending, we strive to provide our investors with optionality and the ability to customize our loan products to meet their investment strategy needs. (Check out our coined terms permanent and transitional rental properties). Here are the exciting product updates we have this April to further help investors grow their rental portfolios:
We are now lending in Hawaii
- . We are very excited to expand our national reach to include Hawaii. Visio now lends in 38 states and D.C. See our Where We Lend page for the full list of states. Hawaii is a great location for vacation rentals, and we are one of the few lenders that specialize in vacation rentals. Check out our Vacation Rental Tips and Resources for help growing your vacation rental portfolio.
New prepayment buy-out options.
- In our blog post “Understanding Prepayment Penalties,” we explain how prepayment penalties work, and how they aren’t really penalties at all. We previously offered a 5/4/3/2/1 structure and a 3/2/1 structure. Now investors can also pick a 3/0/0 structure.
We have restructured our Portfolio Plus Loan Program rates to be more attractive.
- Previously, investors got the lowest rates if their portfolio loan was larger than $400,000. Now, investors will get lower rates in additional increments of $300,000. Plus, even our starting rates are lower.
Ready to pick your flavor of Visio loan? Contact us to grow your rental portfolio.
Check out our Investor Resources for everything you need to know to grow your rental portfolio!
Related: What do Lenders Mean by their Closing Times?, Loan Programs Available for SFR Properties
Editor's Note: This post was originally published in April 2019 and has been updated in March 2020 for freshness and accuracy.