Velocity Financial Announces Closing Of $265 Million Securitization; Sixteenth Securitization Since 2011
Round Type
Funding Round
Westlake VillageFinancial ServicesReal EstateFinanceLendingDescription
Velocity Financial, Inc. (NYSE: VEL), ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced that it has closed its first securitization transaction of 2021, in aggregate $265 million of Mortgage-Backed Certificates, series 2021-1 (the "Certificates") backed by a portfolio of loans recently originated through Velocity's operating platform. The sold Certificates will be issued in seven classes and were priced with a weighted average fixed rate of 1.735%.
Quick answer
Velocity Financial raised an undisclosed amount in a Funding Round round, dated May 17, 2021. Velocity Financial is based in Westlake Village, California, United States.
- How much did Velocity Financial raise?
- Velocity Financial raised an undisclosed amount in a Funding Round round on May 17, 2021.
- What does Velocity Financial do?
- Velocity is a leader in investor real estate loans, specializing in originating and managing business purpose loans secured by residential and small commercial properties.
- Where is Velocity Financial based and how big is it?
- Velocity Financial is based in Westlake Village, California, United States. Fundz records about 310 employees.
Source: Fundz verified event record.
Who else raised in Financial Services and Real Estate around the same time
Companies in the same sectors as Velocity Financial that raised within 45 days of this round, from Fundz verified event records.
Who to call at Velocity Financial, and when
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