Daily News: January 18, 2013

Velocity Hires Kolasinski to Lead Loan Acquisition Efforts

Velocity Commercial Capital announced the addition of Craig Kolasinski to its Capital Markets team. In his role as director of Loan Acquisitions, Kolasinski will lead Velocity’s business development efforts acquiring pools of commercial mortgage loans nationwide in the secondary market.

Kolasinski brings more than 20 years banking and loan acquisitions experience to the position. Prior to his appointment, Kolasinski was director of Acquisitions for Onward Investors and previously held a senior management role at First Bank of Beverly Hills.

“I am thrilled with the addition of Craig Kolasinski to the Capital Markets team at Velocity,” said Chris Farrar, president and CEO. “His deep experience and relationships in the banking industry will play an integral role while we continue to grow our acquisitions business and add to our portfolio.”

Velocity Commercial Capital is a specialty finance firm focusing on originating, acquiring and securitizing small balance commercial loans.