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Redwood RE Partners – $500 Million To BUY
Category: REO Packages
Redwood Real Estate Partners has a fund to buy up to $500 million in distressed residential real estate amid the expected increase in in bank-owned properties. (REO)
This Rancho Santa Margarita, California, real estate company will focus on property selling at 60 cents to 85 cents on the dollar,
Redwood’s recent $44 million investment in bank “REO” (real estate owned) produced up to 35 percent returns, he said.
Bank-owned properties have soared as falling home prices, risky mortgages and the economic recession boost foreclosures to record highs. The foreclosure rate hit a record in April — up 32 percent from a year earlier — after moratoriums expired. This means that an increase of property inventory for Bulk sales will be available shortly.
The new Redwood fund, the Occasio Distressed Residential Fund, will be led by John Duden and Carl Chang, Redwood’s chief executive officer.
Private Investors can tap into Government REO Pools with simple LOI
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- Gary Martin, Allied Investments
- Mr. Ronald Bayer - First
Financial Investing 
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Mr. David Byrns - President - REF4 Funds.
- Debra Tillman 
M. Cameron - Charlotte NC
