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Fundings
Flushing, NY
Property Type: Mixed-Use
Purpose: Cash-Out Refinance
Loan Amount: $1,200,000
Location: Flushing, NY
Date Funded: 4/9/18
Broker Fee: $30,100
We funded this simple cash-out refinance for a mixed-use property in NY, providing capital for property upgrades and new equipment, including the roof, plumbing, HVAC, paint, security systems, floors and foundation. At Velocity, we see possibilities, not just properties.
Palos Verdes, CA
Property: SFI
Purpose: Cash-Out Refinance
Loan Amount: $1,260,000
Location: Palos Verdes, CA
Date Funded: 2/16/18
Broker Fee: $38,395
We funded this cash-out refi of a single family investment property used as a board and care facility in Rancho Palos Verdes, CA. In less than 30 days, we turned a bank decline into a funded loan providing cash to help expand this borrower’s business. We help your clients turn properties into possibilities.
Long Beach, CA
Property: Industrial
Purpose: Purchase
Loan Amount: $1,120,000
Location: Long Beach, CA
Date Funded: 12/16/17
Broker Fee: $28,195
We funded the purchase of this industrial investment property in Long Beach.
Los Angeles, CA
Property: SFI
Purpose: Cash-Out Refinance
Loan Amount: $652,500
Location: Los Angeles, CA
Date Funded: 11/22/17
Broker Fee: $21,706
In just 34 days from commission to funding, cash-0ut for this four-unit quadplex provided the borrower with $125,000 to upgrade this property and invest in other properties.
Washington, D.C.
Property: SFI
Purpose: Purchase
Loan Amount: $385,000
Location: Washington, D.C.
Date Funded: 10/14/17
Broker Fee: $19,250
We funded the purchase of this Investor 1-4 with a 3-year fixed, 30-year fully amortized ARM. Velocity is a nationwide direct portfolio lender specializing in financing commercial and investment properties for borrowers who fall outside traditional bank lending guidelines.
Seattle, WA
Property: SFI
Purpose: Purchase
Loan Amount: $1,671,750
Location: Seattle, WA
Date Funded: 10/13/17
Broker Fee: $83,588
We funded the purchase of this single family investment property in only 14 business days from submission to funding with no credit score or W-9s requested.
Westminister, CA
Property: Commercial Office
Purpose: Purchase
Loan Amount: $903,000
Location: Westminister, CA
Date Funded: 9/13/17
Broker Fee: $28,590
We funded the purchase of this commercial office with a 3-year fixed, 30-year fully amortized adjustable rate mortgage.
Brooklyn, NY
Property: SFI
Purpose: Cash-Out Refi
Loan Amount: $800,000
Location: Brooklyn, NY
Date Funded: 7/10/17
Broker Fee: $40,000
We funded the cash-out refinance of this 104-year-old brownstone with an 3-year fixed, 30-year fully amortized adjustable rate mortgage.
Sacramento, CA
Property: Commercial
Purpose: Purchase
Loan Amount: $950,000
Location: Sacramento, CA
Date Funded: 6/28/17
Broker Fee: $28,500
We funded the purchase of this warehouse with a 8-year fixed, 30-year fully amortized adjustable rate mortgage for a first time investor.
Jackson, MS
Property: Multi-Family
Purpose: Purchase
Loan Amount: $1,875,000
Location: Jackson, MS
Date Funded: 6/8/17
Broker Fee: $33,313
We funded the purchase of this 120-unit multi-family complex with a 3-year fixed, 30-year, fully amortized adjustable rate mortgage.
South San Francisco, CA
Property: Investor 1-4
Purpose: Refinance
Loan Amount: $1,053,500
Location: South San Francisco, CA
Date Funded: 4/1/17
Broker Fee: $21,070
We funded the refinance of this 3-unit, investor 1-4 property with a 3-year fixed, 30-year, fully amortized adjustable rate mortgage.
New York, NY
Property: Mixed-Use
Purpose: Refinance
Loan Amount: $1,700,000
Location: New York, NY
Date Funded: 4/19/17
Broker Fee: $49,375
We funded the refinance of this mixed-use upper-westside property with a 3-year fixed, 30-year fully amortized adjustable rate mortgage.