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CoreVest Gearing Up To Make More Bridge Loans to Flippers

Parent company Redwood Trust closes deal to acquire Portland, Oregon-based bridge loan provider Riverbend Funding LLC.

Redwood Trust Completes Merger With Riverbend

Redwood Trust Inc. says its has completed the previously announced acquisition of Riverbend Funding LLC, a private mortgage lender to residential transitional and commercial real estate investors, in an all cash transaction on Tuesday.  The transaction, which initially was announced on April 28, includes Redwood acquiring all of Riverbend’s subsidiaries.

Redwood Trust Increases Lending Capabilities with Completed Riverbend Acquisition

Redwood Trust Increases Lending Capabilities with Completed Riverbend Acquisition
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Redwood Trust finalizes acquisition of lender Riverbend

Specialty finance company Redwood Trust has completed its acquisition of bridge lender Riverbend Funding, which has a funded portfolio of more than $1.5 billion single-family and multifamily loans nationwide.

Redwood Trust Acquires Riverbend Lending to Integrate into CoreVest

Redwood Trust Acquires Riverbend Lending to Integrate into CoreVest
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