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Velocity Financial agrees to buy Toorak Capital platform for USD 63 million - VEL News | Rallies

Velocity Financial agrees to buy Toorak Capital platform for USD 63 million

VEL•2026-08-27

Portfolio sale and expected financial impact

Toorak’s existing business-purpose loan portfolio will be sold to a third-party investment firm under separate agreements.

Velocity expects to manage about USD 3 billion of Toorak loans, lifting total assets under management to about USD 10 billion UPB.

The transaction is expected to be accretive to GAAP earnings in 2027, with estimated 4% to 6% book value dilution recouped in about three years.

Velocity Financial to buy Toorak Capital operating platform

Velocity Financial entered a definitive agreement to buy Toorak Capital’s operating platform from KKR-advised funds for USD 63 million in cash.

Closing is targeted for the fourth quarter of 2026, subject to customary conditions.

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