Velocity Commercial Capital, LLC
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About: Velocity Commercial Capital, LLC is a specialty finance company formed in 2004. They focus on acquiring and lending on small balance commercial real estate loans nationwide. Velocity is a portfolio lender and actively services and manages its own portfolio. Its seasoned management team has extensive and successful experience in acquisitions, lending, servicing, securitization and capital markets transactions. The firm is very well-capitalized, having executed more than three quarters of a billion dollars in transactions over the past eight years. Velocity is also one of the few firms in the U.S. to securitize small balance commercial loans during the real estate cycle downturn, proving its strength and resilience. Acquisitions Parameters: Single loans or portfolios, Loan sizes under $5M, performing, sub-performing and non-performing, nationwide, property types include multifamily, mixed use, office, retail, warehouse, automotive services, self-storage, hotels, mobile home parks. Lending Parameters: Purchase or refinance transactions, loan sizes under $1.5M, permanent financing with 3 & 5 year fixed options, 30-yr loan/30-yr amortization, par pricing (no lender origination points), 650 minimum FICO, minimum DCR is 1.20x, property types include multifamily, mixed use, office, retail, warehouse, automotive services, self-storage.