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Redwood Mortgage Investors IX, LLC

What Do They Do?

Makes and invests in mortgage loans secured by California real estate, lending to borrowers primarily through first and second deeds of trust.

How Do They Make Money?

Earns interest on mortgage loans secured by California real estate. Borrowers generally make monthly interest-only or principal-and-interest payments, with a balloon payment at maturity.

FY2025 revenue

Who Are Their Customers?

Lends to borrowers on California real-estate loans arranged and generally serviced by its external manager, Redwood Mortgage Corp.

Do Revenues Turn Into Profits?

Yes. It kept 36 cents of every revenue dollar as net income in FY2025.

Net income, FY2025
36% of revenue
▼ −46% vs FY2024 ($3.4M, 55%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +27%
vs $1.1M in Q2 FY2025
Net income
▲ +138%
vs $271K in Q2 FY2025
  • May 7, 2026 Appointed Baker Tilly as its independent auditor
  • Apr 24, 2026 Dismissed BDO and appointed Baker Tilly as independent auditor The company said a weakness in controls for evaluating expected credit losses had been remediated.

Shrinking. Revenue fell 22% in 4 years, from $6.5M in FY2021 to $5.1M in FY2025, about 6% a year.

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