Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 250

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 250
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ATED FINANCIAL STATEMENTS March 31, 2025(Unaudited) Note 18. Debt Obligations, Net - (continued)

December 31, 2024(Dollars in Thousands)Number of Facilities or IssuancesPrincipal AmountCarrying Value (1)Facility CapacityWeighted Average Interest Rate (2)Final Stated MaturityCarrying Value of CollateralShort-Term Facilities:Residential consumer loan warehouse facilities7$956,010 $956,010 $2,175,000 6.24 %3/2025-10/2025$1,005,926 Residential investor loan warehouse facilities2223,975223,876800,0007.31 %6/2025-7/2025300,843Real estate securities repurchase facilities6210,352210,352— 5.81 %1/2025-3/2025281,997Residential MSR warehouse facility158,16458,16475,0007.65 %10/202591,506HEI warehouse facility197,49797,497150,0009.00 %12/2025207,097Recourse Subordinate Securities Financings:CAFL securities (3)1268,240267,140N/A7.54 %9/2028318,106Long Term Facilities:Residential investor loan warehouse facilities5615,036 613,129 1,530,000 7.83 %5/2026-4/2027889,901 Servicer advance financing1159,798159,031200,0006.32 %12/2026233,820Secured revolving financing facility (4)1225,000220,234250,000 9.50 %3/2026372,396 Corporate Debt:Promissory notes (3) (5)312,85912,859— 7.06 %N/A— 5.75% exchangeable senior notes (3)1123,574123,087N/A5.75 %10/2025N/A7.75% convertible senior notes (3)1247,170242,652N/A7.75 %6/2027N/ATrust preferred securities and subordinated notes2139,500138,860N/A7.10 %1/2037, 7/2037N/A9.125%