Overview
Velocity Mortgage Capital specializes in non-QM rental DSCR including mixed-use and small commercial properties — categories many national lenders won't touch.
Velocity Mortgage Capital is based in Westlake Village, CA and was founded in 2004. They operate nationally and offer rental DSCR, multi-family, mixed-use, commercial financing. Their loan amount range runs from $75K to $5.0M.
Key terms at a glance
| Loan type | Hard money / non-QM institutional |
|---|---|
| Products | rental DSCR, multi-family, mixed-use, commercial |
| Geographic coverage | National |
| Loan size | $75K – $5.0M |
| Interest rate range | 7.5% – 11% |
| Origination points | 1 – 3 |
| Max LTV | 75% of ARV |
| Max LTC | 85% of cost |
| Term lengths | 30-year amortization |
| Typical close time | 21-30 days typical |
Strengths
- mixed-use and small commercial expertise
- broad property type coverage
Ideal borrower
Investor with mixed-use or small commercial properties
How Velocity Mortgage Capital compares for Chicago investors
For Chicago metro investors specifically, Velocity Mortgage Capital operates as one of multiple national options — competitive on broad product menus but local Chicago lenders sometimes win on relationship and close speed. As an institutional non-QM lender, their underwriting is templated and predictable — fast for experienced borrowers, less flexible for non-standard deals.
Common alternatives in Chicago
- Renovo Financial — Chicago-based, deepest local knowledge
- Kiavi — Tech-forward national leader
- Lima One Capital — Broad product suite, BRRRR-friendly
- Easy Street Capital — STR-DSCR specialist
Velocity Mortgage Capital FAQ
Yes — Velocity Mortgage Capital operates nationally and regularly funds Chicago-area deals
Velocity Mortgage Capital's indicative rate range is 7.5%–11% with 1–3 points. Pricing depends primarily on funded-deals history, deal leverage, and exit certainty.
Velocity Mortgage Capital's typical minimum loan is $75K, with maximum loan size up to $5.0M.
Velocity Mortgage Capital's typical close timeline is 21-30 days typical. Fast-close depends on documentation quality, title clarity, and underwriting load.
Velocity Mortgage Capital offers rental DSCR, multi-family, mixed-use, commercial financing. They also do DSCR rental refinance, which makes them a one-stop shop for BRRRR strategies.
Investor with mixed-use or small commercial properties
This review is an independent directory listing. Hard Money Chicago is not affiliated with Velocity Mortgage Capital. Rates, terms, and eligibility are determined by the lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.