Velocity Financial (VEL) news

Vadilal Industries in discussions with Vel on supply pact

Vadilal Industries is reportedly in discussions with Vel on a potential supply agreement, according to recent corporate activity reports. While specific terms of the proposed pact have not been disclosed, such agreements are often aimed at strengthening supply chain efficiencies and optimizing…

Velocity Financial - Deal with Toorak Capital valued at about $62 mln plus estimated tangible book value - SEC filing

Velocity Financial, Inc. (NYSE: VEL) has announced a significant transaction involving Toorak Capital, valued at approximately $62 million, according to a recent SEC filing. The deal includes the issuance of Series A Convertible Preferred Stock and warrants to purchase shares of the company’s…

Velocity Financial - Transactions expected to be accretive to GAAP earnings in 2027

Velocity enters into agreements to acquire Toorak’s operating platform and manage Toorak’s $3 billion business-purpose loan portfolio

Velocity Solutions, a fintech software provider specializing in account and deposit acquisition, has entered into agreements to acquire Toorak’s operating platform and manage its $3 billion business-purpose loan portfolio. This move aligns with Velocity’s strategy to expand its offerings in…

Velocity $378.721M+ small balance CMBS premarketing

Velocity is currently premarketing a $378.721 million small balance CMBS transaction [1]. The deal is part of the firm’s ongoing efforts to aggregate and package smaller commercial mortgage loans into a single securitization offering. This approach allows for greater liquidity in the commercial…