Brief: Redwood Trust, Oaktree Merge To Invest In Business Purpose Bridge Loans
12/06/2023 21:27
June 12 (Reuters) - Redwood Trust Inc RWT.N :
* REDWOOD TRUST AND OAKTREE ANNOUNCE JOINT VENTURE TO INVEST
IN
BUSINESS PURPOSE BRIDGE LOANS
* REDWOOD TRUST- TOTAL EQUITY COMMITMENT TO JV, FUNDED 80%
BY
OAKTREE, 20% BY REDWOOD, HAS POTENTIAL TO FINANCE OVER $1
BILLION NEWLY-ORIGINATED BRIDGE LOANS
Source text for Eikon: ID:nBw4Qghssa
Further company coverage: RWT.N
((Reuters.Briefs@thomsonreuters.com;))
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