Brief
Velocity Financial to Acquire Toorak Operating Platform, Manage $3B Loan Portfolio
Velocity Financial, Inc. has agreed to acquire the operating platform of Toorak Capital LLC, a single-family and multifamily lending and asset management platform majority owned by funds advised by af
Summary
Velocity Financial, Inc.
has agreed to acquire the operating platform of Toorak Capital LLC, a single-family and multifamily lending and asset management platform majority owned by funds advised by affiliates of KKR.
Toorak has also entered into separate agreements with a third-party investment firm to acquire Toorak’s existing portfolio of loans totaling approximately $3 billion... The post Velocity Financial to Acquire Toorak Operating Platform, Manage $3B Loan Portfolio appeared first
Source
- Connect CREconnectcre.com
