Velocity Commercial Capital is returning to the securitization market, having tightened underwriting of small balance commercial loans following the disclosure that one of its borrowers misrepresented the use of proceeds.

The latest deal, Velocity Commercial Capital 2016-1, is backed by $348 million of loans secured by both single-family homes and retail/mixed use/industrial property loans, but a majority are for “mom-and-pop” landlords; the average balance is $325,114.  

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