Redwood Mortgage Investors IX, LLC reported total assets of $59.98 million at June 30, 2026, with $53.32 million in mortgage loans and $5.81 million in cash. Members’ and manager’s capital, net of the formation loan, was $57.96 million.
For the six months ended June 30, 2026, net income rose to $1.30 million from $0.49 million a year earlier, driven by higher interest income and a $0.31 million gain on sale of REO, partly offset by a higher $0.33 million provision for credit losses. Operating cash flow improved to $1.00 million, and investing activities provided $4.83 million, mainly from principal collections and loan and REO sales.
Credit quality metrics warrant attention: loans past due totaled $19.53 million, including $17.63 million of matured loans and $7.23 million in non-accrual status, while the allowance for credit losses increased to $0.58 million. One large $7.4 million San Diego redevelopment loan (about 14% of principal) is matured and delinquent. Members redeemed $1.58 million of capital year-to-date, but pending eligible redemption requests awaiting funding were about $29.5 million at June 30, 2026.
Redwood Mortgage Investors IX, LLC notified the SEC that it could not file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 within the prescribed time because "additional time is needed to gather information and complete review processes" and the filing could not be completed "without unreasonable effort and expense."
The registrant stated it is working diligently and expects to file the Form 10-Q as soon as practicable and provided May 15, 2026 as the notification date and a contact, Michael R. Burwell, with telephone 650 365-5341.