Skip to main content

Velocity Mortgage Capital Opens New Austin Office

Jul 11, 2018
Velocity Mortgage Capital has unveiled its Women in Real Estate (WIRE) initiative to encourage more women to become involved in real estate investment

Velocity Mortgage Capital has announced the opening of its newest office in Austin, Texas. Velocity is a nationwide, direct portfolio lender dedicated exclusively to providing investment property loans for residential one- to four-family, multi-family, mixed-use and small-balance commercial properties. Velocity’s investment property loans range from temporary, short-term, credit repair and fix-and-flip programs to 30-year, fully amortizing mortgages with flexible terms to meet the diverse needs of real estate investors.
 
“The market for residential one- to four-, multi-family, mixed-use and small-balance commercial properties is strong all across the country,” said Velocity Mortgage Capital Chief Executive Officer Chris Farrar. “Opening our Austin office provides us with the opportunity to work with brokers in Texas and other states in the central region of the U.S. to provide capital to self-employed real estate investors who might not qualify for traditional bank loans.”
 
Commercial mortgage industry veteran Stan Salter will lead the new Austin office and serve as Velocity’s Regional Sales Manager. He joined the firm’s Westlake, Calif. headquarters as an Account Manager in 2013 and was tapped to open the new regional office. Before joining Velocity, he worked for other commercial mortgage firms in roles with increasing degrees of responsibility.
 
“Our goal is to increase the footprint in Texas and surrounding states,” Salter said. “We have an opportunity to build something here.”


 
About the author
Published
Jul 11, 2018
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024