Viso Business Capital has completed its tenth acquisition loan for a Casago franchise operator, bringing the total Small Business Administration financing arranged across the transactions to approximately $25 million.
The financing enabled buyers to acquire established short-term rental management territories created following Casago’s acquisition of Vacasa.
Casago completed its approximately $130 million acquisition of Vacasa in 2025, creating a combined vacation rental management network covering more than 40,000 properties across North America, Mexico, Central America and the Caribbean.
Casago’s strategy involved converting centrally managed Vacasa markets into locally owned and operated franchises.
The territories already had employees, customers and operating infrastructure, allowing buyers to acquire functioning businesses rather than launch new franchise locations from the beginning.
However, the transactions did not fit conventional SBA lending templates because the individual territories had historically operated as parts of a public company and lacked standalone tax returns.
Viso helped buyers and accountants prepare financial statements showing the historical performance of each carved-out market.
The firm evaluated each transaction using five criteria: operator suitability, durability of cash flow, customer and revenue quality, transaction structure and the ability to transfer the business successfully.
Viso then matched each buyer with an appropriate SBA lender and helped position Casago as an SBA-approved franchise system.
The firm said many buyers brought hospitality or vacation rental experience and received training, technology and operating support from Casago.
Viso has arranged more than 150 acquisition financings totaling over $437 million. The company plans to use the experience gained from the Casago transactions to finance additional short-term rental management acquisitions.
KEY QUOTES:
“Viso’s capabilities proved to be the perfect fit for what we needed and helped many of our franchise partners achieve their goal of owning a local business.”
Joe Riley, President of Casago
“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 of Viso Business Capital
