trending Market Intelligence /marketintelligence/en/news-insights/trending/0ihk1znoesl9i_hdgjz5ua2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Redwood Mortgage Investors VIII closes loan sale

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks

Blog

Banking Essentials Newsletter - April Edition


Redwood Mortgage Investors VIII closes loan sale

Redwood Mortgage Investors VIII closed the sale of loans, comprising approximately 7% of its loan portfolio, to an unaffiliated bank.

The loans represented principal of $7.2 million and interest owing of $43,002. The mortgage servicing rights were released to the unaffiliated bank. The loans were sold pursuant to an asset sale agreement dated June 27.

The loans sold are secured by property in the California counties of Alameda, Riverside and Los Angeles. The transaction was arranged by a third-party unaffiliated national firm engaged by one of Redwood Mortgage Investors' general partners, Redwood Mortgage Corp.