These investment properties include single family homes, condos, town homes and 2-4 unit buildings. As long as the property is non-owner occupied, and is used for investment purposes, Velocity can provide a loan for your borrower. Maximum loan amount is $750k on SFRs and $2 million on 2-4 unit buildings with up to 70% LTV. Loan sizes over $2 million, are considered on a case by case basis. Impounds required. Loan is assumable at lender’s discretion. Program unavailable in AK, MN, ND, SD, and VT.
Velocity's Traditional I program extends to multi-family (5+ units) and mixed-use buildings. Maximum loan amount is $5 million with LTV up to 75%. Impounds required. Loan is assumable at lender’s discretion. Program unavailable in IL, MI, ND, SD, TN, and VT.
Our Traditional II program is designed for office buildings, general retail, warehouse, self- storage and automotive services. Maximum loan amount is $5 million with an LTV of 70%. Program unavailable in IL, MI, ND, SD, TN, and VT.