Slatt Capital Acquires the Servicing Rights of Terrix Financial Services of California
Slatt Capital has acquired the assets of Terrix Financial Corporation of California, a long-standing commercial mortgage banking company based in Los Angeles. With this acquisition, Slatt Capital will expand its servicing portfolio by $215M and add four new correspondent lender relationships. Terrix Financial Corporation of Colorado is not part of this acquisition but has entered a strategic cashiering servicing relationship with Slatt Capital.
“Slatt Capital and Terrix have a long history of representing similar correspondent lenders and this transaction is an opportunity to expand and enhance these relationships,” said Dan Friedeberg, CEO at Slatt Capital. “Additionally, the many Terrix borrower relationships will benefit from our high-touch life of loan service.”
For customers and borrowers of Terrix, we have prepared a FAQ, linked here.