Visio Financial Services Closes $40 Million Debt Financing to Expand Its Loan Portfolio
Austin, TX (PRWEB) October 30, 2013 -- Visio Financial Services, or VFS, the country’s leader in sub-$100K residential investor loans, today announced that it has closed $40 million in institutional debt capital to further accelerate the company’s explosive growth. The financing will be used for expanding VFS’ loan portfolio, and also will help VFS build an innovative online lending platform. VFS expects to more than triple its outstanding loan balance over the next nine months.
“This additional funding is a vote of confidence in our vision of providing fast, simple loans to residential investors,” said Jeff Ball, CEO of VFS. “Our asset-based lending model enables us to originate, close and fund a loan in as little as 72 hours, which is of incredible value to the thousands of investors across the country.”
“There is a growing need for affordable homes in our country,” continued Ball. “Many distressed homes can and should be brought back to productive use, but there is limited capital available to finance their purchase and renovation. We are changing that by offering loans that rely exclusively on the value of the home.”
The debt facilities were provided by multiple institutional lenders and were facilitated in part by Grenadier Capital. The funds are available immediately for both purchase and refinance loans. For more information and to see a list of the 37 states currently served by VFS, please visit http://www.visiolending.com.
About Visio Financial Services
Based in Austin, Texas, Visio Financial Services provides investor financing for purchase or refinancing of any sub-$100K home in 37 states across the U.S. VFS focuses exclusively on the home, providing residential investors the fastest, simplest process with loans ideally suited to their needs. VFS was launched by Econohomes in 2009. Econohomes is #116 on Inc.’s 500 fastest growing companies in 2013 and also was named by the Austin Business Journal as the second fastest-growing private company in Austin in 2012.
Wally Thornton, Visio Financial Services, http://www.visiolending.com, +1 (512) 334-1519, [email protected]
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