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

March 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.

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