Redwood Mortgage Investors IX extends credit facility maturity to 2028 with Western Alliance Bank

Redwood Mortgage Investors IX

Maturity date of $10M revolving credit line extended from March 13, 2026 to March 13, 2028.
Option to convert outstanding balance to two-year term loan maturing March 2030 for a 0.25% fee.
Interest rate set at greater of Term SOFR + 3.5% or 6.0% per annum, payable monthly.
New minimum liquidity covenant requires $1M in liquid assets measured quarterly.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Redwood Mortgage Investors IX amended 2026 modification agreement with Western Alliance Bank (effective 2026-03-11).

Action: amendment
Agreement: credit facility
Counterparty: Western Alliance Bank
Effective: 2026-03-11

Exact text from the filing

On March 11, 2026, Redwood Mortgage Investors IX, LLC (“RMI IX” or “the company”) and Western Alliance Bank (“WAB”) entered into a Third Loan Modification Agreement (the “2026 modification agreement”) which, among other things, extends the maturity date of advances under the Business Loan Agreement, dated as of March 13, 2020, between RMI IX and WAB, as amended in March 2022 and March 2024 (as so extended and amended, the “credit agreement”), from March 13, 2026 to March 13, 2028.

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Source: SEC EDGAR

accession 0001193125-26-111145

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