California lender to acquire 280-employee Tampa real estate financing firm

Velocity Financial will purchase Toorak Capital's lending operation in a $3.2 billion deal.
Velocity Financial will purchase Toorak Capital's lending operation in a $3.2 billion deal.
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  • Tampa Bay-Lakeland
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A California real estate finance company has agreed to acquire Tampa-based Toorak Capital’s lending operation as part of a series of deals valued at roughly $3.2 billion.

 

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