Velocity Financial
General Information | |
Business: |
We are a vertically integrated real estate finance company founded in 2004. We primarily originate and manage investor loans secured by 1-4 unit residential rental and small commercial properties, which we refer to collectively as investor real estate loans. We originate loans nationwide across our extensive network of independent mortgage brokers which we have built and refined over the 15 years since our inception. Our objective is to be the preferred and one of the most recognized brands in our core market, particularly within our network of mortgage brokers. |
Industry: | FINANCE SERVICES |
Employees: | 259 |
Founded: | 2004 |
Contact Information | |
Address | 30699 Russell Ranch Road, Suite 295, Westlake Village, CA 91362, US |
Phone Number | (818) 532-3700. |
Web Address | http://www.velocitymortgage.com |
View Prospectus: | Velocity Financial |
Financial Information | |
Market Cap | $247mil |
Revenues | $147 mil (last 12 months) |
Net Income | $14.1 mil (last 12 months) |
IPO Profile | |
Symbol | VEL |
Exchange | NYSE |
Shares (millions): | 7.3 |
Price range | $13.00 - $13.00 |
Est. $ Volume | $94.3 mil |
Manager / Joint Managers | Wells Fargo Securities/ Citigroup/ JMP Securities |
CO-Managers | Raymond James |
Expected To Trade: | 1/17/2020 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |