Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 248

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 248
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ual status by segment and strategy type at September 30, 2025, including the fair value of such loans and the related amounts of non-accrual of contractual coupon and deferred interest. Table 8.7 – Nonaccrual Loans Characteristics by Segment/Strategy TypeSeptember 30, 2025Non-Accrual of Contractual Coupon InterestNon-Accrual of Deferred Interest Only Total Unpaid Principal BalanceFair Value(Dollars in Thousands)Legacy InvestmentsMultifamily (1)$193,759 $104,216 $297,975 $257,895 Renovate / Build for Rent ("BFR") (2)15,856 24,917 40,773 32,308 Single Asset Bridge ("SAB") (3)670 — 670 637 Other6,247 — 6,247 3,679 Redwood InvestmentsRenovate / Build for Rent ("BFR") (2)4,817 — 4,817 4,841 Single Asset Bridge ("SAB") (3)7,787 — 7,787 7,751 Total Non-Accrual Loans$229,136 $129,133 $358,269 $307,111 (1)Includes loans for predominantly light to moderate rehabilitation projects on multifamily properties.(2)Includes loans to finance acquisition and/or stabilization of existing housing stock or to finance new construction of residential properties for rent.(3)Includes loans for light to moderate renovation of residential and small multifamily properties (generally less than 20 units).At December 31, 2024, residential investor loans with an aggregate UPB of $343 million and an aggregate fair value of $282 million, respectively, were on non-accrual status. Of this balance, loans with $151 million aggregate UPB were on full non-accrual of the contractual coupon interest and loans with $192 million aggregate UPB were on non-accrual of deferred interest.

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) 

Note 9. Real Estate Securities

We invest in real estate securities that we create and retain from our unconsolidated jumbo loan securitizations or acquire from third parties. The following table presents the fair values of our real estate