Simpson Thacher represented Velocity Commercial Capital, LLC, as the issuer, and Velocity Financial, Inc., as the guarantor, in the issuance of $75 million in aggregate principal amount of 9.875% senior secured notes due 2029. The proceeds from the issuance will be used to originate new investments and for general corporate and other working capital purposes.~~Velocity Financial, Inc., based in Westlake Village, California, is a vertically integrated real estate finance company founded in 2004 that originates and manages investor loans secured by residential rental and small commercial properties.~~The Simpson Thacher team included Daniel Webb, Barry Lau, Christian Sheets and Madeline Cole (Capital Markets); Jennifer Levitt, Anita Wu and Diana Yen (Credit); Jon Pall (Collateral); Benjamin Wells and James Hahn (Investment Company Act); and Russell Light and Michael Mann (Tax).