Roughly $25 million in SBA financing has helped ten buyers step into established short-term rental management territories and own them outright.

Each of these deals traces back to one of the biggest moves the vacation rental industry has seen in years. When Casago completed its roughly $130 million acquisition of Vacasa in 2025, it opened many former Vacasa markets to local franchise buyers. These were turnkey operations with existing revenue, local teams, and infrastructure already in place. For the right operator, it was a chance to step into a running business on day one.

Why these deals needed a specialist

These were strong deals. They just did not fit the typical SBA structure. Each former Vacasa market had lived inside a large, publicly traded company, so there were no standalone tax returns for an individual territory. Instead, the deals qualified for SBA funding using CPA-prepared financial statements. Add the seasonality embedded in most vacation rental markets, and these deals sat well outside the standard SBA template.

The buyers were a big part of the answer. Many brought hospitality and real industry experience, and every one of them had the full support of the Casago franchise system behind them: training, technology, brand, and a national operating platform. What each deal needed was a partner who could tell that complete story to a bank accurately and efficiently. That is exactly the job Viso was built for.

Before any file reached a bank, we cleared the Five Points of Bankability and ran each opportunity through our Pre-Flight Check, then matched it to the right lender at the right time. The result is a repeatable model for financing franchise carve-outs in a category most lenders had never seen at this level.

"When a business has no standalone tax returns, the work is in building the story a bank can trust. Great buyers, a strong franchise system behind them, and a lender who understands the full picture. That is the Viso Method."

Heather Endresen, Founder, Viso Business Capital

Along the way, Viso developed something lasting: real expertise in evaluating and presenting short-term rental management companies to lenders. What started as a challenging problem is now a defined focus for the firm. We look forward to funding more Casago franchise acquisitions and expansions, and to working with short-term rental management companies well beyond the Casago system.

Looking at a Casago territory, or any short-term rental management business? That is exactly the conversation we have with buyers every day. If a business is worth owning, it is worth financing the right way.