Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 156

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 156
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 income and we would not be able to elect to be taxed as a REIT for four years thereafter. Such an outcome could have a material adverse impact on our consolidated financial statements. 

F- 76

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024

Note 24. Subsequent Events

In January 2025, Redwood issued $90 million of 9.125% Senior Notes due in 2030. The Senior Notes are senior unsecured obligations of Redwood and bear interest at a rate equal to 9.125% per year, payable quarterly in arrears on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2025. The Senior Notes mature on March 1, 2030. We may redeem the Senior Notes, in whole or in part, at any time on or after March 1, 2027 at a redemption price equal to 100% of the principal amount redeemed, plus accrued and unpaid interest.In response to the Los Angeles wildfires that occurred in January 2025, we continue to assess the impact to our business and we are currently monitoring the affected areas. Based on our assessments to date, we have not identified circumstances that we believe would have a material adverse impact on our business.

F- 77

REDWOOD TRUST, INC. AND SUBSIDIARIES SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATEDecember 31, 2024

(In Thousands)DescriptionNumber ofLoansInterest RateMaturity DateCarrying AmountPrincipal Amount Subject to Delinquent Principal or InterestResidential Consumer Loans Held-for-InvestmentAt Sequoia (1):ARMS loans897 1.25 %to7.75%2026-11-2036-03104,369 1,903 Hybrid ARM loans426 1.88 %to8.88%2033-06-2063-03379,061 621 Fixed loans9,782 1.88 %to8.50%2026-08-2054-108,336,124 16,956 At Freddie Mac SLST (2):Fixed loans9,760 2.00 %to11.00%2024-12-2064-091,244,722 106,910 Total Residential