FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Velocity Financial Increases Credit Capacity with Barclays Bank PLC to $300MM

Date: Mar 13, 2020 @ 09:03 AM
Filed Under: Industry News

Velocity Financial and Barclays Bank PLC agreed to increase the capacity of its subsidiary Velocity Commercial Capital’s existing warehouse repurchase facility to $300 million in order to support the company’s loan origination growth.

“We appreciate the partnership and continued support from Barclays as we execute our growth strategy by financing real estate investors nationwide,” said Jeff Taylor, EVP of Capital Markets, Velocity Commercial Capital.

Velocity Financial is the parent company of Velocity Mortgage Capital, a direct portfolio lender which originates mortgages for residential investment and small commercial properties typically owned by independent real estate investors and small business owners.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.