Visio completes fifth securitization of non-QM rental loans

by Ryan Smith12 Nov 2019

Visio Lending has announced that it has completed its fifth securitization of 100% non-QM rental loans.

The lender participated as the sole originator of the single-family rental loans included in Visio 2019-2 Trust’s issuance of seven classes of mortgage-backed securities, including six investment-grade classes rated by S&P Global and one investment-grade class rated by DBRS Morningstar. The transaction included 1,188 business-purpose investor loans totaling $202.6 million of unpaid balance.

“Visio broke new ground in 2015 when we introduced our Rental360 loan product for small to medium-sized investors building portfolios of single-family rental properties,” said Visio CEO Jeff Ball.

“With this transaction, our fifth securitization and second of 2019, we experienced the broadest and deepest demand from bond investors,” said Matt Matza, Visio executive vice president. “Our superior execution in the capital markets enables us to offer a market-leading product to our clients.”

“2019 has been a year at Visio about responsible, profitable growth with outstanding loan quality and performance,” said Visio CFO Bill Kerley. “Financing investors in rental properties is not just part of what we do, it is what we do, and we’re building our business to last.”

With the latest transaction, Visio has contributed more than $725 million in loan balance across five securitizations.