Velocity Commercial Capital

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

No

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

N/A

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

1

Initial CD (days)

14

Reviews