Castlelake and Redwood Trust Form Joint Venture to Purchase Up to $8 Billion in Prime Jumbo Mortgage Loans
Castlelake and Redwood Trust Inc. have formed a strategic joint venture to purchase up to $8 billion in prime jumbo mortgage loans sourced through Redwood's Sequoia platform. The partnership aims to support Redwood's growth and provide Castlelake with programmatic purchasing power for high-quality mortgage assets. The joint venture includes flexibility to scale and acquire seasoned loans from bank balance sheets.
Topics: capital deployment housing market joint venture mortgage finance private credit