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Velocity Financial Signs Deal To Acquire Toorak Capital's Operating Capital, Signs Separate Agreements With Third Party Investment Firm To Acquire Toorak's Current Business Purpose Loans Portfolio Totaling ~$3B

BenzingaBenzinga Newsdesk

Velocity Financial, Inc. (NYSE: VEL; "Velocity" or the "Company") today announced a definitive agreement to acquire the operating platform of Toorak Capital LLC ("Toorak"), a business-purpose

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  1. SEC EDGARSEC EDGAR

    8-K filing — Velocity Financial, Inc. (VEL)

    Filed: 2026-08-27 AccNo: 0001193125-26-369585 Size: 5 MB Item 1.01: Entry into a Material Definitive Agreement Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits