Velocity Financial, Inc. Announces Proposed Offering of $500 Million of Senior Notes Due 2031

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), ("Velocity†or the "Company†), a leader in investor real estate loans, today announced that Velocity Commercial Capital, LLC, a wholly-owned subsidiary of Velocity (the "Issuer†), plans to offer up to $500 million aggregate principal amount of Senior Notes due 2031 (the "Notes†) to be sold in an offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act†) to individuals reas. ...