Acquiring Company
Redwood Trust
Acquired Company
Riverbend
Mill ValleyFinancial ServicesReal EstateFinanceReal Estate InvestmentLendingFinancial ServicesReal EstateDescription
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that it has entered into a definitive agreement to acquire Riverbend Funding, LLC and its subsidiaries (“Riverbend”), a best-in-class private mortgage lender to residential transitional and commercial real estate investors, in an all cash transaction. The addition of Riverbend complements Redwood’s existing business purpose mortgage banking platform, CoreVest American Finance Lender, LLC (“CoreVest”), enhancing CoreVest’s suite of products, geographic and production footprint, and client base. Following the close of the acquisition, Riverbend will be integrated into CoreVest.
Quick answer
Redwood Trust is acquiring Riverbend, announced April 28, 2022. Redwood Trust is based in Mill Valley, California, United States.
- How much did Redwood Trust pay for Riverbend?
- The deal value was not disclosed.
- What does Redwood Trust do?
- Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on several distinct areas of housing credit.
- Where are Redwood Trust and Riverbend based?
- Redwood Trust is based in Mill Valley, California, United States.
- Who are the decision-makers at Redwood Trust?
- Fundz holds 1 contact at Redwood Trust. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Redwood Trust, and when
When Redwood Trust changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Redwood Trust raises, hires an executive or expands, scored against what you sell
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Frequently asked
Who acquired Riverbend?
Riverbend was acquired by Redwood Trust, based in Mill Valley. The deal was reported on April 28, 2022. Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on several distinct areas of housing credit. Redwood Trust is publicly traded (RWT) and operates in Financial Services.
When did Redwood Trust acquire Riverbend?
Redwood Trust's acquisition of Riverbend was reported on April 28, 2022. Redwood Trust, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Riverbend do?
Riverbend Lending is an innovative private money lender partner with a national footprint and local expertise. The firm is led by an executive team with over sixty years of experience in real estate investments. It is privately held, operating in Financial Services.
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