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Velocity Financial, Inc. operates as a real estate finance company in the United States. It originates, securitizes, and manages a portfolio of loans, which are secured by first mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. The company also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties. It offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners. The company was founded in 2004 and is headquartered in Westlake Village, California.
Name | Age | Since | Title |
---|---|---|---|
Dorika M. Beckett | - | 2020 | Independent Director |
Michael W. Chiao | - | 2021 | Independent Director |
Christopher D. Farrar | 55 | 2004 | Co-Founder, CEO, President & Director |
Alan H. Mantel | 58 | 2007 | Independent Chairman of the Board |
Joy L. Schaefer | 62 | 2020 | Lead Independent Director |
John P. Pitstick | 48 | 2020 | Independent Director |
John A. Pless | 45 | 2007 | Independent Director |
Omar Maasarani | 37 | 2023 | Independent Director |
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