Redwood Mortgage Arranges $9.5MM Loan for San Francisco East Bay Two-Property Strategy

photo - Trivalley Commercial building croppedSan Mateo, CA (March 11, 2016) — Redwood Mortgage, a family-owned private lender founded in 1978, announced today the closing of $9.5 million loan on two properties for an active Northern California investor-operator. The properties include a 3-story multi-tenant office building in the East Bay Tri-Valley area and a 100,000 square-foot industrial property south of Walnut Creek. By cross-collateralizing the properties, Redwood Mortgage was able to meet the borrower’s objectives in addressing a maturing loan while aligning the go-forward property strategy with restructured debt. For example, one of the properties is being repositioned for sale, and the cross-collateralized structure provided appropriate working capital to maximize the potential of the contemplated sale.

“Multi-property strategies are an example of how nimble capital can help,” said CEO Michael Burwell. “We specialize in opportunity-capital in real estate lending, where borrowers have a particular need or challenge that typical lenders often can’t accommodate.”

“Redwood Mortgage serves a wide range of borrowers and commercial properties,” added Jim O’Dea, Senior Account Executive at Redwood Mortgage and loan officer on the deal. “Property investors are responding to our Middle Market Bridge loan product, as well as our unique combination of 37 years of experience with a large lending capacity including over $100 million over the next 12 months alone, and our skilled underwriting.”

About Redwood Mortgage
Founded in 1978, Redwood Mortgage is a second-generation family-held firm with 35 years of experience in arranging and funding mortgage loans in California. Based in San Mateo, CA, Redwood Mortgage and its affiliates have arranged nearly $2 billion in loans and currently manage assets of over $350 million. Redwood Mortgage provides tailor-made funding solutions secured by residential investment, multifamily and commercial properties. The firm differentiates itself from traditional lenders with its single level of decision-making, no prepayment penalty on loans, its long-held expertise in commercial loan transactions and its in-house document production and funding. For more information, visit www.redwoodmortgage.com.

West Coast Commercial Real Estate News