CREDIT AGREEMENT Dated as of August 29, 2019, Among VELOCITY FINANCIAL, LLC, as Parent, VELOCITY COMMERCIAL CAPITAL, LLC, as the Borrower, THE OTHER GUARANTORS PARTY HERETO FROM TIME TO TIME OWL ROCK CAPITAL CORPORATION, as Administrative Agent and...Credit Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This CREDIT AGREEMENT is entered into as of August 29, 2019 (as amended, restated, supplemented or otherwise modified from time to time after the date hereof, this “Agreement”), among VELOCITY FINANCIAL, LLC, a Delaware limited liability company (“Parent”), VELOCITY COMMERCIAL CAPITAL, LLC, a California limited liability company (the “Borrower”), the Guarantors party hereto from time to time, OWL ROCK CAPITAL CORPORATION (“Owl Rock”), as Administrative Agent and Collateral Agent, and each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”).
VELOCITY FINANCIAL, LLC UNIT GRANT AGREEMENTUnit Grant Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • Delaware
This UNIT GRANT AGREEMENT (this “Agreement”), is made as of [●], by and between VELOCITY FINANCIAL, LLC, a Delaware limited liability company (the “Company”), and [●] (the “Employee”).
AMENDMENT NUMBER FOUR TO THE MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013 between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER FOUR TO THE MASTER REPURCHASE AGREEMENT (this “Amendment”) is made this 18th day of December, 2014, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER TWO to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of July 13, 2018 between BARCLAYS BANK PLC, andMaster Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER TWO (this “Amendment”) is made as of this 25th day of March, 2019, by and between Barclays Bank PLC (“Barclays,” the “Purchaser” and “Agent”) and Velocity Commercial Capital, LLC (“Seller”), to that certain Amended and Restated Master Repurchase Agreement, dated as of July 13, 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), by and between Purchaser and Seller.
MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013 Between: CITIBANK, N.A., as Buyer, and VELOCITY COMMERCIAL CAPITAL, LLC, as Seller,Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
MASTER REPURCHASE AGREEMENT, dated as of May 17, 2013, by and between VELOCITY COMMERCIAL CAPITAL, LLC, a California limited liability company, as seller (the “Seller”) and CITIBANK, N.A., a national banking association as buyer (“Buyer”, which term shall include any “Principal” as defined and provided for in Annex I), or as agent pursuant hereto (“Agent”).
AMENDMENT NO. 1 TO CREDIT AGREEMENT AND SECURITY AGREEMENTCredit Agreement and Security Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
AMENDMENT NO. 1 TO CREDIT AGREEMENT AND SECURITY AGREEMENT (this “Amendment”), entered into as of October 15, 2019, among VELOCITY FINANCIAL, LLC, a Delaware limited liability company (“Parent”), VELOCITY COMMERCIAL CAPITAL, LLC, a California limited liability company (the “Borrower”), VELOCITY COMMERCIAL RESOURCES, LLC, a California limited liability company (the “Guarantor”), the Lenders party hereto and OWL ROCK CAPITAL CORPORATION (“Owl Rock”), in its capacities as the Administrative Agent and the Collateral Agent.
AMENDMENT NUMBER ONE to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of July 13, 2018 between BARCLAYS BANK PLC, and VELOCITY COMMERCIAL CAPITAL, LLCMaster Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER ONE (this “Amendment”) is made as of this 26th day of October, 2018, by and between Barclays Bank PLC (“Barclays”, the “Purchaser” and “Agent”), and Velocity Commercial Capital, LLC (“Seller”), to that certain Amended and Restated Master Repurchase Agreement, dated as of July 13, 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), by and between Purchaser and Seller.
AMENDMENT NUMBER THREE to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER THREE (this “Amendment Number Three”) is made this 16th day of June, 2014, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER FIFTEEN to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER FIFTEEN (this “Amendment Number Fifteen”) is made this 19th day of July, 2018, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (as amended, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER TWELVE to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER TWELVE (this “Amendment Number Twelve”) is made this 22nd day of July, 2016, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER NINE to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER NINE (this “Amendment Number Nine”) is made this 13th day of June, 2016, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER NINETEEN to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER NINETEEN (this “Amendment Number Nineteen”) is made this 5th day of August, 2019, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (as amended, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER SIXTEEN to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER SIXTEEN (this “Amendment Number Sixteen”) is made this 10th day of August, 2018, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (as amended, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER THIRTEEN to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER THIRTEEN (this “Amendment Number Thirteen”) is made this 21st day of July, 2017, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER SIX TO THE MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013 between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER SIX TO THE MASTER REPURCHASE AGREEMENT (this “Amendment”) is made this 29th day of May, 2015, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER ELEVEN to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER ELEVEN (this “Amendment Number Eleven”) is made this 15th day of July, 2016, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER EIGHT to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER EIGHT (this “Amendment Number Eight”) is made this 3rd day of February, 2016, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT Between BARCLAYS BANK PLC, as Purchaser and Agent and VELOCITY COMMERCIAL CAPITAL, LLC, as Seller Dated as of July 13, 2018Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
BARCLAYS BANK PLC, in its capacity as purchaser (together with its permitted successors and assigns in such capacity hereunder, “Barclays” or a “Purchaser”) and agent pursuant hereto (together with its permitted successors and assigns in such capacity hereunder, “Agent”),
AMENDMENT NUMBER TWENTY to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER TWENTY (this “Amendment Number Twenty”) is made this 4th day of October, 2019, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (as amended, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER ONE to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER ONE (this “Amendment Number One”) is made this 10th day of September, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER TWO to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER TWO (this “Amendment Number Two”) is made this 14th day of May, 2014, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER SEVENTEEN to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER SEVENTEEN (this “Amendment Number Seventeen”) is made this 31st day of August, 2018, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (as amended, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER SEVEN to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER SEVEN (this “Amendment Number Seven”) is made this 15th day of June, 2015, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER FIVE to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER FIVE (this “Amendment Number Five”) is made this 26th day of February, 2015, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER EIGHTEEN to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER EIGHTEEN (this “Amendment Number Eighteen”) is made this 19th day of December, 2018, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (as amended, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER TEN to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER TEN (this “Amendment Number Ten”) is made this 13th day of June, 2016, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
AMENDMENT NUMBER FOURTEEN to the MASTER REPURCHASE AGREEMENT Dated as of May 17, 2013, between VELOCITY COMMERCIAL CAPITAL, LLC and CITIBANK, N.A.Master Repurchase Agreement • October 18th, 2019 • Velocity Financial, LLC • Finance services • New York
This AMENDMENT NUMBER FOURTEEN (this “Amendment Number Fourteen”) is made this 19th day of June, 2018, between VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (as amended, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
