Private lenders are companies that loan money but are not part of a bank or affiliated with a government agency, enabling them to offer more flexible loan terms. In this context, the adjective “private” does not connote that the company is privately held. There are private lenders that are publicly traded companies. The most common types of private money loans are personal, business, and real estate.
Visio is a private mortgage lender that specializes in financing for single-family rental properties, including vacation rentals, and small balance commercial properties. Visio, because it is not part of a bank and does not lend on government programs, can offer loan products with features that meet the unique needs of real estate investors.
Visio Lending has originated over $1 billion in rental loans, more than anyone else in the United States. Our leading product, proven process, and substantial experience simply cannot be matched. Let’s take a deeper dive into what makes us a superior lending choice for investors:
As stated above, private lenders loan money but are not part of a bank or affiliated with a government agency, which means that they can offer more flexible loan terms.
If you look hard enough, you can find a private mortgage lender that will finance just about any property type. Most private lenders have some exclusions such as manufactured homes, log cabins, geodesic homes, group or board homes, etc. But for each of those exclusions, you typically can find a specialized lender that has a program for that product category.
Private real estate loans are ideal for self-employed borrowers who cannot fully document stable personal income to meet the stringent requirements of banks and agency lenders. They are also for investors looking to rapidly grow a portfolio of rental properties and have maxed out their agency financing.