Velocity Financial (VEL) Registration Filing summary

Company overview and business model

• Vertically integrated real estate finance company focused on originating and managing investor loans secured by 1-4 unit residential rental and small commercial properties nationwide through a network of independent mortgage brokers.

• Aims to be a leading and recognized brand in its core market, leveraging 20 years of operational experience.

Financial performance and metrics

• As of September 30, 2024, loan portfolio primarily concentrated in California, New York, Florida, and New Jersey.

• Common stock listed on NYSE under the symbol "VEL"; closing price on December 10, 2024, was $20.52 per share.

• 33,114,845 shares of common stock outstanding as of December 6, 2024.

Use of proceeds and capital allocation

• Net proceeds from any offering will be used for general corporate purposes unless otherwise specified in a prospectus supplement.