Velocity Financial (VEL) news

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…

Velocity $136.522M non-performing loans RMBS premarketing

Velocity is currently premarketing a $136.522 million residential mortgage-backed securities (RMBS) transaction consisting of non-performing loans. The offering is being structured to provide investors with exposure to a diversified pool of distressed residential mortgages, with the goal of…