Velocity Commercial Capital, Inc.
Velocity Commercial Capital has a deal for you. The specialty finance company acquires and originates commercial real estate loans up to $3 million for small businesses. Its average loan is less than $400,000. It currently holds mortgages for more than 300 properties, 30% of which are in California. Its loan portfolio includes multi-family housing, retail space, mixed-use developments, warehouses, offices, industrial complexes, restaurants, and mobile home parks. Velocity Commercial Capital does not make construction loans or lend for undeveloped land. The company, which filed to go public in 2010, intends to qualify as a real estate investment trust (REIT).
Contact Details
Executives
Chairperson
Joy L. Schaefer
President, CEO, and Director
Christopher D. Farrar