Velocity Financial, Inc.: Velocity Enters into Agreements to Acquire Toorak's Operating Platform and Manage Toorak's $3 Billion Business-Purpose Loan Portfolio
Velocity Financial (VEL) agreed to acquire Toorak Capital's operating platform and manage its $3B business-purpose loan portfolio. The deal, valued at $3.2B, expands Velocity's lending business, diversifies products, and increases market reach. Velocity expects the acquisition to be accretive to earnings in 2027 and enhance long-term shareholder value.

