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Redwood Trust to close $85M in debt offering

Housing Wire

Real estate investment trust Redwood Trust is expected to close on Monday on the offering of $85 million in debt, following on the heels of other companies in this space. Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually. The offering can be increased by $12.75

Investing 446
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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. After posting a net loss of $138 million in Q1 2023 , the real estate conglomerate rebounded to report $19 million in net income for the second quarter. second lien secured notes due 2030. “We

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Rithm to offer up to 34.5M shares of common stock in public offering

Housing Wire

million shares of common stock to investors in a public offering. Rithm Capital, previously a real estate investment trust (REIT), has changed course to become an asset manager, which resulted in the acquisition of Sculptor Capital Management for $719.8 million in November 2023 and a deal with Great Ajax Corp. in June 2024.

Investors 435
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Under stress, loanDepot ‘buys time’ with plan to extend $500M debt

Housing Wire

Cooper issued senior notes to qualified investors in January that will mature in 2032 and will bear interest at 7.125% per year, paid semiannually. Pennymac also issued new debt last year that will mature in December 2029 and will pay 7.875% annually.

Mortgage 486
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2029. The past year hasn’t been particularly good for tech or housing. They must be U.S.-based,

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Eastside Light Rail Expansion Offers Hope for More Housing

Will Springer Realtor

In my limited research of projects within walking distance of the new Eastside stations, only three are planned for-sale residential real estate. The project is likely to start in 2029. > Whether you’re a homeowner, investor or commuter, now is the time to consider how these changes will impact your future.