Redwood Trust Inc. has completed the previously announced acquisition of Riverbend Funding LLC and its subsidiaries (Riverbend), a private mortgage lender to residential transitional and commercial real estate investors, in an all-cash transaction.
The addition of Riverbend complements Redwood’s existing business purpose mortgage banking platform, CoreVest American Finance Lender LLC. In particular, the Riverbend platform adds single asset bridge origination and distribution to CoreVest’s existing product offering. Riverbend employees and operations will be integrated
