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

Core Viewpoint - Velocity Financial, Inc. has successfully closed an offering of $500 million in Senior Notes with a 9.375% interest rate, maturing in 2031, indicating strong investor interest in real estate loans [1] Group 1: Company Overview - Velocity Financial, Inc. is a leader in investor real estate loans, highlighting its significant role in the market [1] - The offering was conducted by Velocity Commercial Capital, LLC, a wholly-owned subsidiary of Velocity, showcasing the company's structured approach to capital raising [1] Group 2: Financial Details - The Senior Notes were sold at an offering price equal to 100% of the principal amount, reflecting a stable demand for the company's debt instruments [1] - The notes carry a fixed interest rate of 9.375%, which is competitive in the current market environment [1]