Alston & Bird advised Riverbend Lending on the deal.
Riverbend Lending, a best-in-class private mortgage lender to residential transitional and commercial real estate investors, will be acquired by Redwood Trust, a leader in expanding access to housing for homebuyers and renters.
Founded in 2017, Riverbend Lending is a leading bridge lender providing financing to experienced real estate investors acquiring residential and multifamily transitional properties with plans to rehabilitate and sell, as well as to professional developers in multifamily properties.
The transaction is anticipated to close in the second quarter of 2022 and is subject to customary closing conditions.
Representing Riverbend Lending is an Alston & Bird team led by partners Michael Kessler (Picture), David E. Brown, and Patrick Hanchey and associates Anna Chong and Jordan Jensen (Financial Services & Products); partner Brian Harvel (Federal & International Tax); partner Brett Coburn (Labor & Employment); partner Blake MacKay and counsel Kerry Wenzel (Employee Benefits & Executive Compensation); and partner David Teske (Technology & Privacy).
Involved fees earner: David Brown – Alston & Bird LLP; Anna Chong – Alston & Bird LLP; Brett Coburn – Alston & Bird LLP; Patrick Hanchey – Alston & Bird LLP; Brian Harvel – Alston & Bird LLP; Jordan Jensen – Alston & Bird LLP; Michael Kessler – Alston & Bird LLP; Blake MacKay – Alston & Bird LLP; David Teske – Alston & Bird LLP; Kerry Wenzel – Alston & Bird LLP;
Law Firms: Alston & Bird LLP;
Clients: Riverbend Lending;