---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-097879"
form_type: "8-K"
ticker: null
cik: "0001448038"
company_name: "Redwood Mortgage Investors IX"
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:11:52.821084+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Redwood Mortgage IX extends $10M credit line to 2026, shifts rate to Term SOFR+3.5%

## Summary
- Maturity extended to March 13, 2026; optional 2-year term loan conversion to March 2028 for 0.25% fee on outstanding balance.
- Interest rate benchmark switched from 30-day Ameribor to 1-month Term SOFR plus 3.5%, floor of 6%.
- Maximum line of credit $10M, secured by first-priority lien on pledged loan notes and deeds of trust.
- Borrower paid $50,000 origination fee; modification effective March 13, 2024.

## SEC filing metadata
- accession: 0001193125-24-097879
- form_type: 8-K
- cik: 0001448038
- company_name: Redwood Mortgage Investors IX
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448038/000119312524097879/0001193125-24-097879-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448038/000119312524097879/d815425d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-097879
- JSON: https://secwatch.observer/filing/0001193125-24-097879.json
- Plain text: https://secwatch.observer/filing/0001193125-24-097879.txt

## Key facts
- Material Agreements
  Redwood Mortgage Investors IX amended 2024 modification agreement with Western Alliance Bank valued at $10 million (effective 2024-03-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Western Alliance Bank
  - Value: $10 million
  - Effective: 2024-03-13
  source text: Effective March 13, 2024, Redwood Mortgage Investors IX, LLC (“RMI IX” or “the company”) and Western Alliance Bank (“WAB”) entered into an extension and modification agreement (the “2024 modification agreement”) which amended the Business Loan Agreement, dated as of March 13, 2020, between RMI IX and WAB
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448038/000119312524097879/0001193125-24-097879-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.