Redwood Trust Acquires Mortgage Lender Riverbend Lending.
MANews-(C)2009-2022
California-based specialty finance company Redwood Trust, Inc. (NYSE: RWT) has entered into a definitive agreement to acquire US-based private mortgage lender Riverbend Funding, LLC and its subsidiaries in an all cash transaction, the company said.
The addition of Riverbend complements Redwood's existing business purpose mortgage banking platform, CoreVest American Finance Lender, LLC, enhancing CoreVest's suite of products, geographic and production footprint, and client base.
Following the close of the acquisition, Riverbend will be integrated into CoreVest.
Co-founded in 2017 by Emilian Halloran, Sean Robbins and Brian Burke, Riverbend is a bridge lender providing financing to experienced real estate investors acquiring residential and multifamily transitional properties with plans to rehabilitate and sell, as well as to professional developers in multifamily properties.
Riverbend has over 50 employees and is headquartered in Portland, Oregon. Over the last twelve...
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