Velocity Commercial Capital

Address: 30699 Russell Ranch Rd # 295, Thousand Oaks, CA 91362

https://www.velocitymortgage.com/

Internal Reviews

(2 reviews)

Total loans closed with Loan Factory
25

Total loans closed with Loan Factory (past 12 months)
2

Lender overview

Basic information

QM Program

N/A

Loss Payee

VELOCITY COMMERCIAL CAPITAL, LLC Its Successors and/or Assigns, ATIMA, 2945 Townsgate Road, Suite 110 Westlake Village, CA 91361

CPL or Subordinate Clause

VELOCITY COMMERCIAL CAPITAL, LLC Its Successors and/or Assigns, ATIMA, 2945 Townsgate Road, Suite 110 Westlake Village, CA 91361

Lock policies & Fees

Lock Policies

Lock extension

N/A, we do NOT LOCK loans rates good with approval for 30 days

Relock

N/A

Lock & Shop

Lender's niche & Overlays

Lender's Niche

PROPERTY TYPES:

1-4 units Residential Mixed Use, Multi-Family 5+, Retail, Warehouse/Industrial, Automotive & Assisted Living !!

NICHE PROGRAMS:

* FAST 50% LTV -ALL PROOERTY TYPES (NO minimum score requirement)

* FIX N FLIP BRIDGE (up to 75% purchase & 70% Refi)

* FIX N FLIP ARV (up to 90% LTC not to exceed 75% ARV)

* SELLER CARRY BACK (UP TO 90% CLTV)

* NO RATIO DSCR (SHORT TERM RENTALS OK)

* FUNDING LOANS UP TO $5M

PROGRAM HIGHLIGHTS:

* NO INCOME DOCUMENTATION (ALL PRODUCTS)

* NO SEASONING ON DEPOSITS

* NO RESERVES

* SELLER CARRY BACK (UP TO 90% CLTV)

* NO SEASONING OF OWNERSHIP!

* BLANKET LOANS UP TO 10 PROPERTIES

Lender's overlays

None

Lender turn time

Initial underwrite (days)

N/A

CTC conditions review (days)

N/A

Initial CD (days)

Review - Velocity Commercial Capital

4.0

2 Google Reviews

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