Westlake Village, Calif. (PRWEB) April 5, 2007
Velocity Commercial Capital, a growing national real estate lender specializing in securitizing small balance commercial loans, announced today that it will offer a 30 year fixed program for loans up to $3 million. Velocity has experienced a growing demand in this niche market, and is excited to expand its product offering.
"With the new 30 year fixed program, we aim to capture the confidence and individual comfort that comes with a long term fixed rate loan." said Chris Farrar, President for Velocity. "Most brokers are already comfortable selling the 30 year fixed term, and we feel that our borrowers will surely gravitate to its residential feel."
Velocity's dedicated team of commercial lending experts has the knowledge and experience to assist brokers who have never dabbled in commercial mortgages as well as those that have and are looking to close their deals as efficiently as possible. While adding to Velocity's product offering, the 30 year fixed program fuels the expansion and potential of the small commercial niche.
Velocity Commercial Capital is a nationwide direct wholesale lender specializing in both full doc and stated small balance commercial loans from $100k to $3 million. Velocity's team is committed to providing its clients with an unparalleled level of service and strives to close loans efficiently and swiftly. Founded in 2004, Velocity is headquartered in Westlake Village, California, has offices in Stamford, Connecticut and in Schaumburg, Illinois. For more information, please visit: http://www.velocitycommercial.com