New Year’s Message from Slatt Capital’s CEO
Dear Patrons & Friends:
Slatt Capital is celebrating its 50th anniversary in 2021 and we wanted to thank you for your support and share our excitement as we enter this milestone year. 2020 presented us with many challenges, some of which we have never experienced before. We were faced with COVID-19, riots in our major cities, wildfires throughout California, a tense presidential election, and unprecedented volatility in the financial markets. Through all the challenges of 2020, thanks to all of you, Slatt Capital finished the year strong. The following are key company achievements that we are proud to share:
- Launched our rebrand as Slatt Capital
- $1 billion of new production volume
- Record loan closing of $260 million in December and a strong January and February pipeline
- Servicing portfolio of $4.3 billion
- Currently have zero delinquencies among the 1,160 loans that we service
- A new office location opened in Newport Beach, California, bringing our total to 7 across the state
We start the calendar year 2021 with an abundance of liquidity available from our capital providers. With rates still at historical lows, Slatt Capital remains well-positioned for further growth. We could not have done this without your continued support and collaboration. Thank you from all our mortgage bankers, as we celebrate 50 years of service and look forward to what the next 50 will bring.