Q1 2021 Great Ajax Corp Earnings Call Transcript
Good day, and thank you for standing by, and welcome to the Great Ajax Corp. Q1 2021 Earnings Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions) I would now like to hand the conference over to your speaker today, Lawrence Mendelsohn. Please go ahead.
Thank you very much. Thank you, everybody, for joining us for our first quarter 2021 conference call. Before we get started, I'd like to just point out Page 2 with the safe harbor disclosure for you all to read it at your leisure. And then with that, we can jump to Page 3, the business overview. Q1 2021 was a very good quarter in many ways. Our overall corporate cost of funds further decreased by approximately 29 basis points, and our asset-based cost of funds decreased by even more. Our cost of funds has continued to decrease into the second quarter of 2021 as well.
Our significant increase in loan performance and loan cash flow velocity continued from Q4 and has also continued
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