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RED Capital Group Partnership with Redwood Living Grows

Redwood
Living, Inc. and RED Mortgage Capital, the proprietary
debt and equity banking arm of comprehensive capital provider RED
Capital Group, LLC (RED), are once again celebrating a milestone in
their relationship by surpassing $700M in total financing.

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Redwood Neighborhood in Macomb Twp., MI (Photo: Business Wire)

The milestone comes on the heels of the two companies’ largest
transaction to date – an $18.1M refinance utilizing Fannie Mae’s Green
Building Certification Program for a 132-unit Redwood Neighborhood in
Macomb Township, MI.

This new Redwood Neighborhood, like most of the Redwood portfolio, is a
class A, multifamily apartment community of single-story, two-bedroom,
two-bath homes with open floor plans and attached garages. Redwood
Neighborhoods feel like traditional single-family home neighborhoods – a
hallmark of the company since its first development in the early 2000s.

RED has had a long and productive relationship with Redwood,
providing optimum solutions by utilizing a variety of loan programs
including FHA, Fannie Mae, CMBS, Freddie Mac and Balance Sheet loans, as
well as placing loans at other funding sources.

“Celebrating mutual successes never grows old,” stated Andy Warnock,
Managing Director for RED. “It doesn’t seem that long ago that RED
was visiting Redwood in their corporate office of three employees
(2008). Today, Redwood is outgrowing their office space as their
geographic footprint and management portfolio continues to swell
alongside its investment in human capital.”

The longstanding partnership has also continued to grow and thrive. In
2009, RED closed three loans with Redwood totaling $12.2M. In
2017, the volume of loans closed was $223.1M across 24 loans. To date in
2018, transactions total $130.9M. Since the partnership began, RED
has worked with Redwood to finance $715.8M, representing more than 5,500
apartment units.

David Conwill, Co-President of Redwood Living, is impressed at the pace
of lending volume in recent years. “In late 2016, we surpassed our 50th
financing with RED for a total of $340M in new debt. A short two
years later, we have now surpassed $700M comprised of 88 unique
transactions. Effectively managing this effort is a testament to the
tremendous teams and synergies in place at both firms.”

Redwood, one of the nation’s largest developers of single-story
apartment homes, currently manages over 10,000 units across the Midwest
and into the Carolinas. RED is a Fannie Mae DUS®
lender, Freddie Mac SBL Seller Servicer, and the number one producer of
FHA insured mortgages by loan count of total closings in HUD FY15, FY16
and FY17.

About RED CAPITAL GROUP, LLC

Recognized for its industry expertise, innovative and comprehensive
structures, and consistently high rankings, RED Capital Group,
LLC has provided over $78 billion of integrated debt and equity capital
since 1990 to the seniors housing and health care, multifamily,
affordable, and student housing industries through three operating
companies.

RED Mortgage Capital, LLC is a Fannie Mae DUS® and MAP- and
Lean-approved FHA lender with a mortgage servicing portfolio over $17
billion. RED Capital Markets, LLC (MEMBER FINRA/SIPC) is active
in the distribution of Fannie Mae and Ginnie Mae Project MBS, and
provides structuring, underwriting, placement, and advisory services for
tax-exempt and taxable housing and health care bonds.

RED Capital Partners, LLC provides proprietary debt and equity
solutions, and asset management in a range of forms, including
subordinated gap and bridge loans. RED Capital Group, LLC is a
subsidiary of ORIX Corporation USA. For more information on RED
Capital Group, LLC, visit our website at: http://www.redcapitalgroup.com.

DUS® is a registered trademark of Fannie Mae.

Additional Recent Transactions between RED & Redwood:

4/30/2018Brimfield Twp., OH65 UnitsFannie Mae
Streamlined Rate Lock Refinance$8,670,900

4/23/2018Wadsworth, OH29 UnitsFreddie Mac Small
Balance Loan Refinance$3,100,000

4/5/2018Dublin, OH84 UnitsCMBS Refinance$11,925,000

3/28/2018Whitestown, IN93 UnitsBalance Sheet
Bridge/Interim$11,500,000 (initial funding)

3/20/2018Medina, OH32 UnitsFHA 223(f) MAP Refinance$4,240,000

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