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Form 8-K Velocity Financial, Inc. For: Aug 26

Thu, 27 Aug 2026 07:42:00 -0400

si-local-file:///var/storage/secattach/20260827/26984843.html

Form 8-K Velocity Financial, Inc. For: Aug 26

Thu, 27 Aug 2026 07:42:00 -0400

si-local-file:///var/storage/secattach/20260827/26984843.html

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Velocity Financial, Inc. (NYSE: VEL) has entered into a definitive agreement to acquire the operating platform of Toorak Capital LLC, a business-purpose lending and asset management platform majority owned by funds advised by affiliates of KKR.

Toorak has separately agreed to sell its existing portfolio of business-purpose loans, totaling approximately $3 billion in unpaid principal balance, to a third-party investment firm. The total estimated value of both transactions is approximately $3.2 billion, based on Toorak's consolidated balance sheet as of June 30, 2026.

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Financial to acquire Toorak's platform and manage $3B loan portfolio

Thu, 27 Aug 2026 07:30:22 -0400

Upon closing, Velocity will manage the portfolio acquired from Toorak by the third-party investment firm and will enter into

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

Thu, 27 Aug 2026 07:30:00 -0400

The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- 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 lending and asset management platform which is majority owned by funds advised by affiliates of KKR, a leading global investment firm. Toorak has also entered into separate agreements with a third-party investment firm for the purchase of Toorak’s existing portfolio of business-purpose loans (“BPL”) totaling approximately $3 billion

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

Thu, 27 Aug 2026 07:30:00 -0400

The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

Thu, 27 Aug 2026 07:30:00 -0400

The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

Thu, 27 Aug 2026 07:30:00 -0400

The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

Thu, 27 Aug 2026 07:30:00 -0400

The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

Thu, 27 Aug 2026 07:30:00 -0400

The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

Thu, 27 Aug 2026 07:30:00 -0400

The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

Thu, 27 Aug 2026 07:30:00 -0400

The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

Thu, 27 Aug 2026 07:30:00 -0400

The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite