AUSTIN, Texas, May 21, 2019 /PRNewswire/ -- Visio Lending, the nation's leader in rental home financing, participated as the sole originator of 100% of the single-asset rental loans included in Visio 2019-Trust's issuance of six classes of mortgage-backed securities, including four investment grade classes rated by S&P Global. The transaction included 879 business-purpose investor loans originated by Visio and secured by single-family residential properties across the United States.
"Visio does one thing -- finance our nation's owners of single-family rental, including vacation rental, properties," said CEO Jeff Ball. "Our pipeline of loans and base of repeat customers continue to expand. To date, more than $500 million of our flagship Rental360 loans have been securitized."
"We continue to refine our Rental360 to match the needs of both our customers as well as mortgage-backed securities investors on Wall Street," added CFO Bill Kerley. "For our customers, our objective is to provide a clearly-defined standard product that enables them to grow their rental portfolios; and for our investors, we want to deliver to them a consistent flow of high-performing loans that offer compelling relative value."
The loan balance included in this transaction was $172.8 million making it Visio Lending's second largest securitization.
About Visio Lending
Visio Lending is the nation's leader in rental home financing. Founded in 2012 in Austin, Texas, Visio enables small- to medium-sized investors to grow their portfolios of rental homes. Bringing together Main Street and Wall Street experience and a laser-like focus, Visio's team is enabling the redevelopment of affordable rental homes across the country. With more than $340 million in warehouse capital, a proven record of investment grade bond issuance on Wall Street, and an outstanding 90+ team, Visio is poised for rapid growth in 2019 and beyond.
For more information, visit visiolending.com.
Contact
Hannah Lapin
Senior Demand Generation Manager at Visio Lending
Email: [email protected]
Office: 512.334.1505
SOURCE Visio Lending
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