Velocity Mortgage Capital Opens Austin Office

Velocity Mortgage Capital Opens Austin Office

WESTLAKE, CA, July 11, 2018 — Velocity Mortgage Capital is pleased to announce the opening of its Austin, Texas, office that will service the Central Time Zone. The new office is located at 7000 North Mopac Expressway in the Far West section of Austin.

Velocity Mortgage Capital is a nationwide, direct portfolio lender dedicated exclusively to providing investment property loans for residential 1-4, multi-family, mixed-use and small balance commercial properties. Velocity’s investment property loans range from temporary, short-term, credit repair and fix-and-flip programs to 30-year, fully amortizing mortgages with flexible terms to meet the diverse needs of real estate investors.

“The market for residential 1-4, multi-family, mixed-use and small balance commercial properties is strong all across the country,” said Velocity Mortgage Capital CEO Chris Farrar. “Opening our Austin office provides us with the opportunity to work with brokers in Texas and other states in the central region of the U.S. to provide capital to self-employed real estate investors who might not qualify for traditional bank loans.”

Commercial mortgage industry veteran Stan Salter heads the office and serves as Velocity’s Regional Sales Manager. He joined the firm’s Westlake, California, headquarters as an account manager in 2013 and was tapped to open the new regional office. Before joining Velocity, he worked for other commercial mortgage firms in roles with increasing degrees of responsibility. He is a graduate of UCLA.

“Our goal is to increase the footprint in Texas and surrounding states,” Salter said. “We have an opportunity to build something here.”

Velocity Mortgage Capital
7000 North Mopac Expressway, Second Floor
Austin, TX 78731
Phone: 512-676-4572

About Velocity Mortgage Capital

Since 2004, Velocity has funded over $3.2 billion in investment and commercial property loans. By focusing more on the property’s value and revenue-generating potential rather than the borrower’s personal income and credit, our asset-based investment property loans enable brokers to meet the unique needs of real estate investors who are tough to qualify, including W-2 employees, self-employed entrepreneurs and small business owners. Because every borrower, even the extraordinary ones, deserves an opportunity.