Private Mortgage Lenders Help Investors Build Wealth Faster
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.
Private personal lenders make a variety of term loans to finance consumer purchases that you might otherwise finance on a credit card. For example, these lenders might provide you a loan to finance your wedding or a vacation.
Private business lenders offer a variety of different types of financing products to help you grow your business. You might use this type of financing to buy business equipment or to finance your inventory or accounts receivable.
Private mortgage lenders can offer a variety of non-standard mortgage products ranging from extra large home loans to loans to finance investment properties, including vacation rental properties and commercial properties.
Visio is a private mortgage lender that specializes in financing for single-family rental properties, including vacation rentals, and multi-family and mixed-use 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.