Velocity Financial (VEL) Registration Filing summary

Company overview and business model

• Vertically integrated real estate finance company focused on originating and managing investor loans secured by 1-4 unit residential rental and small commercial properties nationwide.

• Operates through a network of independent mortgage brokers, aiming to be a leading brand in its core market.

• Incorporated in Delaware, principal offices in Westlake Village, CA; common stock trades on NYSE under symbol "VEL."

Financial performance and metrics

• As of September 30, 2024, loan portfolio primarily concentrated in California, New York, Florida, and New Jersey.

• 33,114,845 shares of common stock outstanding as of November 22, 2024.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes unless otherwise specified in a prospectus supplement.