Given the lack of liquidity in the current market, we feel this program will be well received by our clients.
Westlake Village, CA (PRWEB) July 10, 2008
Velocity Commercial Capital, a growing national real estate lender specializing in small balance commercial loans, announced the rollout of its Interest Only program. The program offers short-term financing for small commercial loans up to $600,000 in selected states nationwide.
"We are excited to add this new product to our offering," said Chris Farrar, President. "Given the lack of liquidity in the current market, we feel this program will be well received by our clients."
Velocity isn't a stranger to coming up with creative ideas in their niche. Last year they released a 30-year fixed rate program to appeal to small commercial borrowers who want to lock in long term financing. The addition of an "interest only" program will provide financing to borrowers with less than perfect credit, as well as to borrowers with properties that have vacancy issues or deferred maintenance.
Velocity Commercial Capital is a nationwide direct wholesale lender specializing in 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 with offices in Stamford, Connecticut, Rosemont, Illinois and San Francisco, CA. For more information, please visit our website: VelocityCommercial.com.