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PHOENIX, Ariz. — Casago, a premier vacation rental property management company, today announced that it is now eligible for the proprietary ApplePie Capital Core loan for both new and existing franchisees — a financing opportunity only available to exceptional brands.
This elite designation places Casago among a select group of franchise brands recognized for outstanding operational performance, strong unit economics, and robust franchisee support systems. It follows Casago’s recent acquisition of Vacasa, expanding the company’s footprint and accelerating its market sales pipeline.
As a result of the approval, ApplePie Capital — an online lender dedicated exclusively to franchising — can now offer its most competitive financing terms to entrepreneurs and investors acquiring or expanding Casago markets, including those formerly operated by Vacasa.
Qualified borrowers can now finance up to 85% of their total project budget, including working capital, without the need to provide personal collateral or demonstrate prior business ownership. In certain cases, liens apply only to the specific location or market being acquired, with no global refinancing requirements. The franchise-friendly process features streamlined underwriting, no required business appraisal, and an accelerated closing timeline. These 10-year loan terms offer both flexibility and financial stability, including no prepayment penalties for early repayment.
Existing Casago franchisees may also benefit from ApplePie’s Recap & Grow program, which provides borrowing capacity of up to 4.5× trailing 12-month EBITDA. This structure supports cash-out options and fuels strategic expansion into underperforming or pre-revenue markets, promoting broader national growth.
“Securing access to the Core loan with ApplePie Capital strengthens our ability to support the right kind of strategic growth,” said Steve Schwab, CEO and Founder of Casago. “It gives both new and existing franchise partners access to the capital they need to grow sustainably, invest in service, and stay deeply rooted in their local communities, where hospitality is personal and relationships matter most.”
Jamie Davis, CFE, Senior Vice President of Business Development at ApplePie Capital, added: “Our highest approval level recognizes brands with exceptional performance and support systems. Casago’s owner-centric philosophy, tech stack, and now national footprint set a new benchmark for hospitality franchise opportunities. We’re thrilled to provide tailored capital that helps their franchisees scale faster and more efficiently.”
This announcement follows the recent closing of Casago’s acquisition of Vacasa. By combining Casago’s relationship-driven, franchise-led model with Vacasa’s expansive property portfolio and technology infrastructure, the company is now uniquely positioned to scale its community-rooted hospitality offering nationwide.
Casago is a top-rated vacation rental management company providing professional property management services for homeowners across North America, Belize, Costa Rica, and the Caribbean. Founded in 2001 by former Army Ranger Steve Schwab, Casago has earned a reputation for delivering exceptional guest experiences and reliable property management through a franchise-driven model. In 2025, Casago expanded its footprint with the acquisition of Vacasa, a leading North American vacation rental platform. With a customer-centric approach, the combined company empowers local teams to provide personalized, responsive support to both homeowners and guests. Casago’s commitment to quality is reflected in its industry recognition: it is the only property management company of its scale to be rated in the Top 1% by Comparent. Additionally, nearly 95% of U.S.-based local operating partners are Airbnb Superhosts, VRBO Premier Partners, or both.
ApplePie Capital is an innovative financial solutions provider dedicated to franchising, having facilitated over $3 billion in loans to franchisees. ApplePie offers a wide range of financing solutions for franchise entrepreneurs, including conventional growth capital, equipment financing, and SBA loans. Their franchise finance experts are focused on delivering the right financing at the right time, streamlining the process and eliminating the inefficiencies of working across multiple lenders.
Media Contacts:
Stewart Paterson
Abode Worldwide
stewart@abodeworldwide.com
+44 7387 314249
For Vacasa, a Casago Company:
Tracy Pogrelis
tracy.pogrelis@vacasa.com
+1 971 275 2311