Velocity Financial Enters Into $50 Million At-The-Market Equity Program
09.13.21
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The Firm represented Velocity Financial, Inc. (“VEL”) in an SEC-registered at-the-market equity program pursuant to which shares of VEL’s common stock having an aggregate sales price of up to $50 million may be sold from time to time by JMP Securities LLC and Virtu Americas LLC as placement agents.
VEL, based in Westlake Village, California, is a vertically integrated real estate finance company founded in 2004 that originates and manages investor loans secured by residential rental and small commercial properties.
The Simpson Thacher team included Daniel N. Webb, Kelli Schultz, Andy Roy, Estell Lee, Paul Clatterbuck and Jamie Lee (Capital Markets); Russell Light and Tyler Robbins (Tax).