Velocity Financial to Acquire Toorak Capital’s Operating Platform
August 27, 2026
Velocity Financial entered into a definitive agreement to acquire Toorak Capital LLC’s operating platform in a 100% cash purchase. The platform includes Merchants Mortgage & Trust Corporation, Toorak’s U.S. direct origination business, and Toorak’s lending operations in the United States and the United Kingdom; Toorak’s CEO and management are expected to continue leading the business post-closing.
- Buyers
- Velocity Financial, Inc., Velocity Commercial Capital, LLC
- Targets
- Toorak Capital LLC, Merchants Mortgage & Trust Corporation, Toorak’s U.S. direct origination business, Toorak’s U.S. and U.K. lending operations
- Sellers
- Toorak Capital LLC, Funds advised by affiliates of KKR (majority owners)
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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