Visio Lending
- John Sperling
Summary of all Guidelines | |
| Loan Types | Commercial Loan, DSCR Loan, Hard Money Loan |
| Property Types | 2-4 Units, Retail, SFR |
| Lendding Area | alabama, arizona, arkansas, california, colorado, connecticut, florida, georgia, hawaii, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, mississippi, missouri, montana, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, ohio, oklahoma, pennsylvania, south-carolina, tennessee, texas, virginia, washington, west-virginia, wisconsin, wyoming |
| States Excluded | Arkansas, Delaware, Idaho, Maine, Nebraska, Nevada, North Dakota, Oregon, Rhode Island, South Dakota, Utah, Vermont |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 7.25% |
| Interest Rate Maximum | 14% |
| Points Maximum 1st TD | 4 |
| Terms | 30 years |
| Credit Score Min | 680 |
| Interest Only or Amortized | Amoritzed |
| Prepayment Penalty | 1 year, 3 years, 5 years |
| LTV Bridge | None |
| Upfront Fees | Underwriting |
| LTV Long Term Rental | 80 |
| Personal Guarantee /Recourse Required | Personal Guarantee Required / Recourse |
| Intended Occupancy | Vacant, Tenant |
| NMLS ID | 1935590 |
* Rates on LTRs just dropped 70 bps - STRs down 25 bps!
* Par pricing is back for our brokers - 45 day locks at appraisal payment!
* 80 LTV on long-term rental purchase and RT refi- 75% cash-out
* 1.00 gross DSCR on all loans - DSCR under 1 available. Interest-Only available.
* Rural locations usually OK-no hit to LTV - exceptions apply
* We love big loans- no hit to rate from 200k-1.5MM
* YSP up to 2% is available
* No NMLS required except CA and AZ
We paid our brokers more in 2022 than ever before - how much can we pay you in 2023? With rates continuing to go up and values flatlining investors are jumping in and they want a quick easy solution. Certainty around rate locks goes a long way towards winning you the business! Investors buy no matter where rates are unlike consumers. Make up to 5% on every deal up to 2% YSP - YSP not on HUD-1! No limit on cash-out, no LTV reduction for loan amount up to $2MM or 2-4 units or non-warrantable condos. Our brokers have made millions with us in the last 10 years.
Visio Lending is located in Austin, TX. They offer financing for Hard Money Loans, Commercial Loans and DSCR Loans. The property type they primarily lend against is SFR, Retail and 2-4 Units. Their minimum loan amount is $100,000. Their maximum loan amount is $5,000,000. They offer loans for a minimum Term of 30 years. Maximum duration of 30 years. Although rates can change they are typically lending at a minimum rate of 7.25%. Maximum interest rate of 14%. Points charged are deal specific, but historically have charged a minimum of 0. Maximum points charged are 4.
These descriptions are limited information and meant for general reference purposes.