AcquisitionFinTech
Velocity Financial, Inc. acquired Toorak’s existing portfolio of business-purpose loans
Public M&A record from 8-K. The source names the buyer and target, and terms are shown only when the filing or announcement discloses them.
Deal tape row
Velocity Financial, Inc. -> Toorak’s existing portfolio of business-purpose loans · $3 Billion
Toorak has also entered into separate agreements with a third-party investment firm for the purchase of Toorak’s existing portfolio of business-purpose loans (“BPL”) totaling approximately $3 billion in unpaid principal balance across whole loans and loans hel
Open source record (SEC) ↗