Company: RWT-PA
Filing Date: 2025-01-16
Form Type: 424B5
Source: 0001104659-25-004099
Chunk: 47

Company: REDWOOD TRUST INC
Filing Date: 2025-01-16
Form: 424B5
Chunk 47
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Certain legal
matters relating to this offering will be passed upon for us by Latham & Watkins LLP. Clifford Chance US LLP is acting as counsel
to the underwriters in connection with certain legal matters relating to the notes being offered hereby. Venable LLP will issue an opinion
to us regarding certain matters of Maryland law, including the validity of the securities offered hereby.

<div align='center'>EXPERTS</div>

The audited
consolidated financial statements of Redwood Trust, Inc. and management’s assessment of the effectiveness of internal control
over financial reporting incorporated by reference in this prospectus supplement and elsewhere in the registration statement have been
so incorporated by reference in reliance upon the reports of Grant Thornton LLP, independent registered public accountants, upon the
authority of said firm as experts in accounting and auditing.

<div align='center'>WHERE YOU CAN OBTAIN MORE INFORMATION</div>

This prospectus supplement and the accompanying prospectus are part of the automatic shelf-registration statement on Form S-3 we filed with the SEC under the Securities Act on March 4, 2022, and do not contain all the information set forth in the registration statement. Whenever a reference is made in this prospectus supplement or the accompanying prospectus to any of our contracts, agreements or other documents, the reference may not be complete and you should refer to the exhibits that are a part of the registration statement or the exhibits to the reports or other documents incorporated by reference in this prospectus supplement and the accompanying prospectus for a copy of such contract, agreement or other document. We file annual, quarterly and special reports, proxy statements and other information with the SEC. The SEC maintains a website that contains reports, proxy statements and other information about issuers, such as us, who file electronically with the SEC. The address of that website ishttp://www.sec.gov. Our public filings are also available to
the public on our website at www.redwoodtrust.com. The information contained on our website, however, is not, and should not be deemed
to be, a part of this prospectus supplement, the accompanying prospectus or any other report or filing filed with the SEC.

<div align='center'>S-28

INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</div>

We incorporate
information into this prospectus supplement by reference, which means that we disclose important information to you by referring you
to other documents filed separately with the SEC. The information incorporated by reference is deemed to be part of this prospect