secwatch.observer — SEC 8-K summary
======================================

Issuer:     Redwood Mortgage Investors IX (—)
CIK:        0001448038
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001193125-26-111145
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1448038/000119312526111145/0001193125-26-111145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1448038/000119312526111145/d931116d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-111145

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer