Redwood Mortgage Closes $4.9MM, 3-Property Loan in Five Days

Redwood Mortgage, San Mateo, Bay Area, San Francisco,

Redwood Mortgage, San Mateo, Bay Area, San Francisco,

San Mateo, CA (June 16 , 2017) — Redwood Mortgage, a family-owned private lender founded in 1978, announced today closing of a complex $4.9 million ‘blanket’ refinance loan involving three properties in the San Francisco Bay Area.

For a borrower with strong financials and time-sensitive business needs, Redwood Mortgage was able to move quickly in arranging the transaction at 65 percent loan-to-value on two adjacent industrial warehouse properties, a high-end single family residence, and a high-rise residential condo.

“The loan was complicated by the fact that the properties providing collateral were held by three different entities,” said Loan Officer Tim Burwell. “The borrowers came to Redwood seeking the certainty of execution we are known for, along with our ability to quickly analyze any number of issues and moving parts to package a win-win solution.”

About Redwood Mortgage
Founded in 1978, Redwood Mortgage is a second-generation family-held firm with over 35 years of experience in arranging and funding mortgage loans in California. Based in San Mateo, CA, Redwood Mortgage has arranged nearly $2 billion in loans and currently manages assets of over $275 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

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