-

Velocity Announces Pricing of $249 Million Securitization

Thirteenth Securitization in Since 2011

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), a leading originator of investor loans secured by 1-4 unit residential rental and small commercial properties, today announced the pricing of its first securitization transaction of 2020. The VCC 2020-1 Mortgage-Backed certificates (the “Certificates”) are rated by KBRA (Kroll Bond Rating Agency) and are backed by a portfolio of loans originated through Velocity’s operating platform.

“We are pleased with the strong market reception of our first securitization of 2020 and our 13th transaction overall,” said President and CEO, Chris Farrar. “Velocity’s track record of outstanding collateral performance has resulted in our ability to consistently access the capital markets for term financing, allowing us to successfully grow the business while continuing to reduce funding costs. The quality of Velocity’s originations drives our practice of retaining at least 5 percent of our securitizations and creates a strong alignment of interests with investors.”

The Certificates will be issued by VCC Mortgage Securities, LLC, a wholly owned subsidiary of Velocity Financial, Inc., through Velocity Commercial Capital, LLC, and each certificate will bear a fixed rate of interest. The transaction is expected to close on February 14, 2020.

About Velocity Financial, Inc.

Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers it has built and refined over 15 years.

Contacts

Investors and Media:
Chris Oltmann
(818) 532-3708

Industry:

Velocity Financial, Inc.

NYSE:VEL
Release Versions
English

Contacts

Investors and Media:
Chris Oltmann
(818) 532-3708

More News From Velocity Financial, Inc.

Velocity Financial, Inc. Announces Date of Third Quarter 2026 Financial Results Webcast and Conference Call

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in investor real estate loans, will release its third quarter 2026 results after the market close on Wednesday, November 4, 2026. Velocity’s executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day. Webcast Information The conference call will be webcast live in listen-only m...

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL; “Velocity” or the “Company”) today announced a definitive agreement to acquire the operating platform of Toorak Capital LLC (“Toorak”), a business-purpose lending and asset management platform which is majority owned by funds advised by affiliates of KKR, a leading global investment firm. Toorak has also entered into separate agreements with a third-party investment firm for the purchase of Toorak’s existing portfol...

Velocity Financial, Inc. Reports Second Quarter 2026 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $25.2 million and core net income of $27.9 million for 2Q26, compared to $26.0 million and $27.5 million, respectively, for 2Q25. Earnings and core earnings per diluted share were $0.64 and $0.71 for 2Q26, compared to $0.69 and $0.73, respectively, for 2Q25. “Velocity continued to deliver impressive earnings in the second quarter o...
Back to Newsroom