Finance company Redwood Trust, Inc., announced that it has entered into a definitive agreement to acquire Oregon-based Riverbend Funding, LLC and its subsidiaries, a best-in-class 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, 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, according Redwood Trust’s news release on the transaction. 

Over the last twelve months, Riverbend has originated over $1.0 billion of loans across 33 states, with additional key markets targeted for future expansion. 

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