Access short duration 1st Lien secured commercial real estate (CRE)1 paper in a single ticker – CREMX.
Learn MoreLearn MoreNet Assets
Net Yield2
Loan Maturity3 (months)
Loan-To-Value4
| Fund Name | Redwood Real Estate Income Fund |
| Ticker | CREMX (Class I) |
| CUSIP | 758067102 |
| Inception Date | 6/23/2023 |
| Underlying Collateral | Hard Asset Real-Estate |
| Fund Structure | 1940-Act Registered Closed-End Fund (Interval Fund) - Taxed as a REIT |
| Fund Adviser | Redwood Investment Management, LLC |
Underwriting, Origination, Servicing | Maxim Capital Group, Tryperion Holdings |
| Distribution Period | Monthly with reinvestment at NAV Option |
| Purchase | Daily |
Withdrawal/ | Up to 5% Quarterly, 20% Annually |
| Leverage | Up to 33.33% of overall Fund gross assets (150% Max Gross Exposure) |
| Management Fee | 1.75% Annually |
Performance/ | None |
| Total Annual Expense Ratio | 2.17% (Includes 0.42% for Other Expenses such as Custody, Accounting, Legal, Tax, Admin, etc.) |
| Fund Name | Redwood Real Estate Income Fund | Distribution Period | Monthly with reinvestment at NAV Option |
| Ticker | CREMX (Class I) | Purchase/Subscription | Daily |
| CUSIP | 758067102 | Withdrawal/Redemption | Up to 5% Quarterly, 20% Annually |
| Inception Date | 6/23/2023 | Leverage | Up to 33.33% of overall Fund gross assets (150% Max Gross Exposure) |
| Underlying Collateral | Hard Asset Real-Estate | Management Fee | 1.75% Annually |
| Fund Structure | 1940-Act Registered Closed-End Fund (Interval Fund) - Taxed as a REIT | Performance/Incentive Fee | None |
| Fund Adviser | Redwood Investment Management, LLC | Total Annual Expense Ratio | 2.17% (Includes 0.42% for Other Expenses such as Custody, Accounting, Legal, Tax, Admin, etc.) |
| Underwriting, Origination, & Servicing | Maxim Capital Group, Tryperion Holdings |
The Fund’s objective is to provide investors with access to short-duration private real estate debt managed to a stable NAV with a premium yield over T-Bills.
4.6%
Total Return
0.0%
Max Drawdown
Source: Bloomberg, Redwood. Data as of 4/1/2024. Date range 6/23/2023 - 4/1/2024.
Private credit currently provides an attractive distribution yield compared to other asset classes, making it an appealing option for income-seeking investors.
8.06%
Annualized Distribution Yield
11.18%
Average Yield-to-Maturity
Source: Bloomberg, Redwood. Data as of 3/31/2024. Past performance is not indicative of future results. See definitions below for representative indices.
Source: Bloomberg, Redwood. Data as of 3/31/2024. Investors should carefully consider the investment objectives, risks, charges and expenses of the Redwood Real Estate Income Fund.
Source: Bloomberg, Redwood. Data as of 3/31/2024. CREMX inception date: 6/23/2023. U.S. Treasury Inflation Protected inception date: 3/1/1997. Investment Grade Aggregate inception date: 1/1/1976. Investment Grade Corporates inception date 1/1/1973. Long Term Treasury inception date: 1/1/1973. Investors should carefully consider the investment objectives, risks, charges and expenses of the Redwood Real Estate Income Fund. See definitions below for representative indices.
2023
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0.14%
0.34%
0.34%
0.57%
0.51%
0.64%
2.60%
2024
0.57%
0.61%
0.71%
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Source: Redwood. Data as of 4/1/2024. Past Performance is not Indicative of Future Results.
Class
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Week High
Week Low
CLASS I
25.16
0.00
25.16
25.16
Important disclosure information
Investors should carefully consider the investment objectives, risks, charges and expenses of the Redwood Real Estate Income Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained at redwoodmutualfunds.com or by calling 1-888-570-0805.The prospectus should be read carefully before investing.
For definitions of certain terms, click here.
This fund is an interval closed-end fund. The Fund is an appropriate investment only for those investors who can tolerate a high degree of risk and do not require a liquid investment.The Fund does not intend to list the Shares on any securities exchange and the Fund does not expect a secondary market in the Shares to develop. Because you will be unable to sell your Shares or have them repurchased immediately, you will find it difficult to reduce your exposure on a timely basis during a market downturn. All or a portion of an annual distribution may consist solely of a return of capital (i.e., from your original investment) and not a return of net investment income. The Fund has limited operating history and the shares have no history of public trading. The Fund is classified as “non-diversified” under the Investment Company Act. As a result, it can invest a greater portion of its assets in obligations of a single issuer than a “diversified” fund. The Fund may therefore be more susceptible than a diversified fund to being adversely affected by a single corporate, economic, political or regulatory occurrence. Although the Fund does not intend to invest in companies for the purpose of effecting change or influencing or controlling management itself, the Fund invests in companies that the Adviser believes have potential for capital appreciation resulting from such changes. The Adviser's evaluation of companies may prove incorrect, or the efforts which they invest may not be successful, or even if successful, may have unintended affects or cause the Fund's investment to lose value. The Bloomberg U.S. Treasury Index measures U.S. dollar-denominated, fixed-rate, nominal debt issued by the U.S. Treasury. Treasury bills are excluded from this index. Investors should carefully consider the investment objectives, risks, charges and expenses of the Redwood Real Estate Income Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained at redwoodmutualfunds.com or by calling. The prospectus should be read carefully before investing. The Redwood Real Estate Income Fund is distributed by UMB, member FINRA/SIPC.
Redwood Investment Management, LLC is a registered adviser with the United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940. Such registration does not imply a certain level of skill or training and no inference to the contrary should be made. All materials are for informational purposes only and contain opinions of Redwood, which should not be construed as facts. Unless stated otherwise, none of the materials constitute an offer, nor a solicitation of an offer to invest in any of Redwood’s products, and otherwise affiliated funds. Proceeding to access any information contained herein, users are deemed to be representing to be allowed to do so by applicable laws, regulations, and approval by Redwood having obtained a username and password. There can be no guarantee that any strategy described will achieve its objective. Past performance is not a guarantee of future results. There is risk involved when investing in securities, which can include loss of principal. Please read carefully the disclosures provided within each document.
