$RWDMU

Redwood Mortgage Investors IX

CIK:0001448038|SEC Filings

Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Statements of Income (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Interest income	$ 1,377	$ 1,058	$ 2,781	$ 2,137
Interest expense	(43)	(8)	(80)	(35)
Net interest income	1,334	1,050	2,701	2,102
Late fees	1	2	9	7
Gain on sale, loans	2	0	2	8
Total revenue, net	1,337	1,052	2,712	2,117
Provision for credit losses	330	110	330	110
Non-interest income - Gain on sale of REO (Note 5)	309	0	309	0
Operations expense
Mortgage servicing fees to Redwood Mortgage Corp. (RMC)	35	29	71	61
Asset management fees to RMC	110	118	220	236
Costs from RMC	171	148	314	288
Professional services	313	370	709	902
REO holding costs	36	0	56	0
Other	6	6	21	32
Total operations expense	671	671	1,391	1,519
Net income	645	271	1,300	488
Members (99%)	639	268	1,287	483
Manager (1%)	$ 6	$ 3	$ 13	$ 5

Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operations
Interest income received	$ 2,389	$ 2,122
Interest expense paid	(52)	(75)
Late fees and other loan income	(6)	14
Operations expense	(1,185)	(1,594)
REO holding costs	(142)	0
Total cash provided by operations	1,004	467
Investing
Loans funded	(10,966)	(15,002)
Principal collected	11,480	23,293
Proceeds from loans sold to non-affiliate, net	3,384	1,076
REO sales, net	1,065	0
Advances	(132)	(52)
Total cash provided by investing	4,831	9,315
Members' and manager's capital
Total distributions to members and manager	(2,637)	(3,072)
Organization and offering expenses repaid by RMC, net	5	11
Cash (used in) members and manager's capital	(2,632)	(3,061)
Line of credit
Advances	1,900	2,000
Repayments	0	(6,000)
Debt issuance costs	(65)	0
Cash (used in) provided by line of credit	1,835	(4,000)
Formation loan collected	208	104
Total cash (used in) financing	(589)	(6,957)
Net increase in cash	5,246	2,825
Cash, beginning of year	562	12,058
Cash, end of period	5,808	14,883
Net income	1,300	488
Adjustments to reconcile net income to net cash provided by operations
Gain on sale, loans	(2)	(8)
Amortization of debt issuance costs	17	16
Provision for Credit Losses	330	110
REO - gain on disposal	(309)	0
Change in operating assets and liabilities
Loan payments in trust	(15)	7
Accrued interest	(391)	(3)
Prepaid interest	0	(11)
Prepaid expenses	(52)	(32)
Other receivable	147	3
Accounts payable and accrued liabilities	(15)	(78)
Payable to related parties	(6)	(25)
Total adjustments	(296)	(21)
Total cash provided by operations	1,004	467
Non-cash investing activities
Real estate acquired by foreclosure	900	0
Other liabilities, net assumed at acquisition	(201)	0
REO acquired, net of payables and other liabilities assumed at possession	699	0
Members' Redemptions [Member]
Members' and manager's capital
Total distributions to members and manager	(1,582)	(1,674)
Earnings Distributed To Members [Member]
Members' and manager's capital
Total distributions to members and manager	$ (1,055)	$ (1,398)

Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash, in banks	$ 5,808	$ 562
Loan payments in trust	44	28
Loans
Principal	53,317	58,163
Advances	176	81
Accrued interest	998	615
Loan balances secured by deeds of trust	54,491	58,859
Allowance for credit losses	(580)	(545)
Loan balances secured by deeds of trust, net	53,911	58,314
Debt issuance costs, net	57	8
Prepaid expenses	52	0
Other receivable	110	228
Total assets	59,982	59,140
LIABILITIES AND MEMBERS' CAPITAL
Accounts payable and accrued liabilities	68	25
Payable to related mortgage fund (Note 3)	0	2
Payable to manager (Note 3)	58	62
Line of credit	1,900	0
Total liabilities	2,026	89
Commitments and contingencies (Note 7)
Members' and manager's capital, net	60,338	61,641
Receivable from manager (formation loan) (Note 3)	(2,382)	(2,590)
Members' and manager's capital, net of formation loan	57,956	59,051
Total liabilities and members’ capital	$ 59,982	$ 59,140