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Business Purpose Loans (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Summary of Classifications and Carrying Value of Loans The following table summarizes the classifications and carrying values of the residential loans owned at Redwood and at consolidated Sequoia and Freddie Mac SLST entities at December 31, 2021 and 2020.
Table 6.1 – Classifications and Carrying Values of Residential Loans
December 31, 2021LegacySequoiaFreddie Mac
(In Thousands)RedwoodSequoiaSLSTTotal
Held-for-sale at fair value$1,845,282 $— $— $— $1,845,282 
Held-for-investment at fair value— 230,455 3,628,465 1,888,230 5,747,150 
Total Residential Loans$1,845,282 $230,455 $3,628,465 $1,888,230 $7,592,432 
December 31, 2020LegacySequoiaFreddie Mac
(In Thousands)RedwoodSequoiaSLSTTotal
Held-for-sale at fair value$176,641 $— $— $— $176,641 
Held-for-investment at fair value— 285,935 1,565,322 2,221,153 4,072,410 
Total Residential Loans$176,641 $285,935 $1,565,322 $2,221,153 $4,249,051 
The following table summarizes the classifications and carrying values of the business purpose loans owned at Redwood and at consolidated CAFL entities at December 31, 2021 and 2020.
Table 7.1 – Classifications and Carrying Values of Business Purpose Loans
December 31, 2021Single-Family RentalBridge
(In Thousands)RedwoodCAFLRedwoodCAFLTotal
Held-for-sale at fair value$358,309 $— $— $— $358,309 
Held-for-investment at fair value— 3,488,074 666,364 278,242 4,432,680 
Total Business Purpose Loans$358,309 $3,488,074 $666,364 $278,242 $4,790,989 
December 31, 2020Single-Family RentalSingle-Family Rental
(In Thousands)RedwoodCAFLRedwoodCAFLTotal
Held-for-sale at fair value$245,394 $— $— $— $245,394 
Held-for-investment at fair value— 3,249,194 641,765 — 3,890,959 
Total Business Purpose Loans$245,394 $3,249,194 $641,765 $— $4,136,353 
The following table provides the activity of business purpose loans during the years ended December 31, 2021 and 2020.
Table 7.2 – Activity of Business Purpose Loans
Twelve Months Ended 
 December 31, 2021		Twelve Months Ended 
 December 31, 2020
(In Thousands)HFS SFR at RedwoodBridge at RedwoodHFS SFR at RedwoodBridge at Redwood
Principal balance of loans originated$1,254,913 $894,908 $979,696 $451,554 
Principal balance of loans acquired68,804 65,315 — — 
Principal balance of loans sold to third parties 193,963 9,484 110,836 25,151 
Fair value of loans transferred (1)
1,116,443 358,884 1,292,633 N/A
Fair value of loans transferred from HFI to HFS (2)
92,455 — — N/A
Mortgage banking activities income (loss) recorded (3)
63,206 7,187 81,032 (2,916)
Investment fair value changes recorded (4)
— 1,483 (20,806)(10,629)
(1)Represents the transfer of loans from held-for-sale to held-for-investment associated with CAFL SFR securitizations and the transfer of bridge loans from "Bridge at Redwood" to "Bridge at CAFL" resulting from their securitization.
(2)Represents the transfer of single-family rental loans from held-for-investment to held-for-sale associated with the call of consolidated CAFL securitizations during 2021.
(3)Represents net market valuation changes from the time a loan is originated to when it is sold or transferred to our investment portfolio. Additionally, for the year ended December 31, 2021 and 2020 we recorded loan origination fee income of $34 million and $19 million, respectively, through Mortgage banking activities, net on our consolidated statements of income (loss).
(4)Represents net market valuation changes for loans classified as held-for-investment.
The following table provides the activity of business purpose loans held-for-investment at CAFL during the years ended December 31, 2021 and 2020.
Table 7.3 – Activity of Business Purpose Loans Held-for-Investment at CAFL
Year Ended 
December 31, 2021		Year Ended 
December 31, 2020
(In Thousands)SFR at
CAFL		Bridge at CAFLSFR at
CAFL		Bridge at CAFL
Net market valuation gains (losses) recorded (1)
$(158,081)$(1,548)$32,331 $— 
(1)For loans held at our consolidated CAFL entities, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investments in these securitization entities is presented in Table 4.2.
The following tables summarize the characteristics of the business purpose loans owned at Redwood at December 31, 2021 and 2020.
Table 7.4 – Characteristics of Business Purpose Loans
December 31, 2021SFR at RedwoodSFR at
CAFL		 Bridge at RedwoodBridge at CAFL
(Dollars in Thousands)
Number of loans245 1,173 1,134 1,640 
Unpaid principal balance$348,232 $3,340,949 $670,392 $274,617 
Fair value of loans$358,309 $3,488,074 $666,364 $278,242 
Weighted average coupon4.73 %5.17 %6.91 %7.05 %
Weighted average remaining loan term (years)12611
Market value of loans pledged as collateral under short-term debt facilities$75,873 N/A$91,814 N/A
Market value of loans pledged as collateral under long-term debt facilities$244,703 N/A$554,597 N/A
Delinquency information
Number of loans with 90+ day delinquencies (1)
6 18 31 — 
Unpaid principal balance of loans with 90+ day delinquencies $5,384 $41,998 $18,032 $— 
Fair value of loans with 90+ day delinquencies (2)
$4,238 N/A$14,218 $— 
Number of loans in foreclosure7 9 28 — 
Unpaid principal balance of loans in foreclosure$5,473 $12,648 $18,043 $— 
Fair value of loans in foreclosure (2)
$4,305 N/A$14,257 $— 
December 31, 2020SFR at RedwoodSFR at
CAFL		Bridge at RedwoodBridge at CAFL
(Dollars in Thousands)
Number of loans65 1,094 1,725 — 
Unpaid principal balance$234,475 $3,017,137 $649,532 $— 
Fair value of loans$245,394 $3,249,194 $641,765 $— 
Weighted average coupon4.84 %5.44 %8.09 %— %
Weighted average remaining loan term (years)851— 
Market value of loans pledged as collateral under short-term debt facilities$34,098 N/A$92,931 N/A
Market value of loans pledged as collateral under long-term debt facilities$154,774 N/A$544,151 N/A
Delinquency information
Number of loans with 90+ day delinquencies (1)
10 22 31 — 
Unpaid principal balance of loans with 90+ day delinquencies$7,127 $61,440 $39,415 $— 
Fair value of loans with 90+ day delinquencies (2)
$6,143 N/A$33,605 $— 
Number of loans in foreclosure— 10 25 — 
Unpaid principal balance of loans in foreclosure$— $24,745 $38,552 $— 
Fair value of loans in foreclosure (2)
$— N/A$33,066 $— 
Footnotes to Table 7.4
(1)The number of loans greater than 90 days delinquent includes loans in foreclosure.
(2)The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.
Geographic Concentration of Loans Recorded on Consolidated Balance Sheet
The following table presents the geographic concentration of residential loans recorded on our consolidated balance sheets at December 31, 2021 and 2020.
Table 6.7 – Geographic Concentration of Residential Loans
 December 31, 2021
Geographic Concentration
(by Principal) 		Held-for-SaleHeld-for-
Investment at Legacy Sequoia		Held-for-
Investment at Sequoia		Held-for-Investment at Freddie Mac SLST
California29 %18 %35 %14 %
Texas11 %5 %12 %3 %
Washington8 %1 %5 %2 %
Colorado7 %2 %6 %1 %
Florida6 %14 %4 %10 %
Arizona5 %1 %3 %2 %
New York2 %11 %2 %10 %
New Jersey1 %5 %1 %7 %
Illinois2 %3 %4 %5 %
Maryland1 %2 %2 %5 %
Ohio— %5 %— %2 %
Other states (none greater than 5%)28 %33 %26 %39 %
Total100 %100 %100 %100 %
 December 31, 2020
Geographic Concentration
(by Principal) 		Held-for-SaleHeld-for-
Investment at Legacy Sequoia		Held-for-
Investment at Sequoia		Held-for-Investment at Freddie Mac SLST
California43 %17 %34 %14 %
Washington7 %1 %5 %2 %
Texas10 %5 %10 %3 %
Colorado5 %3 %3 %1 %
Florida3 %14 %6 %10 %
Illinois3 %3 %2 %5 %
Maryland2 %2 %1 %5 %
New Jersey1 %5 %2 %7 %
New York1 %10 %5 %10 %
Ohio— %5 %— %2 %
Other states (none greater than 5%)25 %35 %32 %41 %
Total100 %100 %100 %100 %
The following table presents the geographic concentration of business purpose loans recorded on our consolidated balance sheets at December 31, 2021.
Table 7.5 – Geographic Concentration of Business Purpose Loans
 December 31, 2021
Geographic Concentration
(by Principal) 		SFR at RedwoodSFR at CAFLBridge at RedwoodBridge at CAFL
Florida15 %7 %10 %17 %
Texas11 %15 %7 %13 %
Alabama11 %3 %9 %3 %
Connecticut9 %6 %4 %3 %
New Jersey7 %8 %9 %12 %
New York2 %2 %2 %9 %
Georgia5 %5 %20 %7 %
California5 %5 %3 %5 %
Illinois2 %5 %4 %4 %
Tennessee— %3 %11 %2 %
Other states (none greater than 5%)33 %41 %21 %25 %
Total100 %100 %100 %100 %
 December 31, 2020
Geographic Concentration
(by Principal) 		SFR at RedwoodSFR at CAFLBridge at RedwoodBridge at CAFL
Texas24 %15 %4 %— %
New Jersey17 %11 %9 %— %
Georgia12 %5 %8 %— %
Florida10 %8 %11 %— %
Connecticut8 %4 %1 %— %
New York5 %1 %8 %— %
Arizona5 %2 %1 %— %
California5 %5 %13 %— %
Illinois5 %4 %7 %— %
Alabama2 %3 %6 %— %
Indiana2 %3 %5 %— %
Tennessee— %3 %6 %— %
Other states (none greater than 5%)5 %36 %21 %— %
Total100 %100 %100 %— %
The following table presents the geographic concentration of multifamily loans recorded on our consolidated balance sheets at December 31, 2021.
Table 8.3 – Geographic Concentration of Multifamily Loans
Geographic Concentration
(by Principal) 		December 31, 2021December 31, 2020
California13 %13 %
Florida13 %13 %
North Carolina9 %9 %
Oregon7 %7 %
Hawaii5 %5 %
Tennessee5 %5 %
Other states (none greater than 5%)48 %48 %
Total100 %100 %
Loan Product Type and Accompanying Loan Characteristics of Loans
The following table displays the loan product type and accompanying loan characteristics of residential loans recorded on our consolidated balance sheets at December 31, 2021 and 2020.
Table 6.8 – Product Types and Characteristics of Residential Loans
December 31, 2021
(In Thousands)
Loan BalanceNumber of
Loans
Interest
 Rate(1)
Maturity
Date		Total
Principal		30-89
Days
DQ		90+
Days
DQ
Held-for-Sale:
Hybrid ARM loans
$— to$2501 1.88 %to1.88%2032-11-2032-11$45 $— $— 
$251 to$5004 3.25 %to3.50%2042-08-2042-091,880 — — 
$501 to$75018 2.38 %to3.63%2042-04-2052-0111,872 — — 
$751 to$1,00014 2.50 %to4.00%2042-06-2052-0112,288 — — 
over$1,00020 2.38 %to3.88%2042-01-2052-0125,308 — — 
57 51,393 — — 
Fixed loans
$— to$25063 3.13 %to5.00%2026-04-2051-1211,118 — — 
$251 to$500133 2.75 %to5.50%2026-12-2051-1151,737 — — 
$501 to$750790 2.50 %to5.88%2026-12-2052-01514,785 — 1,093 
$751 to$1,000735 2.63 %to5.63%2041-07-2052-.01642,372 — — 
over$1,000418 2.50 %to4.75%2041-10-2052-.01542,460 — 1,830 
2,139 1,762,472 — 2,923 
Total Held-for-Sale2,196 $1,813,865 $— $2,923 
Held-for-Investment at Legacy Sequoia:
ARM loans:
$— to$2501,273 0.38 %to5.63%2022-01-2035-11$115,437 $3,189 $2,691 
$251 to$500206 0.75 %to3.88%2024-05-2035-1171,306 2,831 2,124 
$501 to$75068 0.25 %to4.13%2027-05-2035-0742,128 555 1,842 
$751 to$1,00015 0.75 %to3.75%2028-03-2036-0312,868 1,811 825 
over$1,00012 0.88 %to2.00%2028-06-2035-0418,668 1,175 — 
1,574 260,407 9,561 7,482 
Hybrid ARM loans:
$— to$2503 2.63 %to2.63%2033-09-2033-10650 — — 
$251 to$5004 2.50 %to2.63%2033-07-2034-031,341 — — 
$501 to$7501 2.50 %to2.50%2033-08-2033-08518 — — 
over$1,0001 2.63 %to2.63%2033-09-2033-091,140 — — 
9 3,649 — — 
Total HFI at Legacy Sequoia:1,583 $264,056 $9,561 $7,482 
Table 6.8 – Product Types and Characteristics of Residential Loans (continued)
December 31, 2021
(In Thousands)
Loan BalanceNumber of
Loans
Interest
 Rate(1)
Maturity
Date		Total
Principal		30-89
Days
DQ		90+
Days
DQ
Held-for-Investment at Sequoia:
Hybrid ARM loans
$— to$2502 5.50 %to6.75%2048-03-2048-09$397 $191 $— 
$251 to$5003 3.25 %to3.63%2047-04-2049-061,354 — — 
$501 to$7508 3.38 %to4.50%2044-04-2049-085,321 — — 
$751 to$1,0008 3.13 %to5.00%2047-06-2049-086,659 — — 
over$1,0007 3.50 %to5.00%2044-11-2050-018,934 — — 
28 22,665 191 — 
Fixed loans:
$— to$25043 2.75 %to5.13%2029-04-2051-06$8,630 $— $— 
$251 to$500162 2.50 %to6.13%2033-06-2051-0969,442 2,390 462 
$501 to$7501,691 2.13 %to6.75%2031-04-2051-121,093,766 10,894 3,498 
$751 to$1,0001,497 2.13 %to6.25%2036-12-2051-111,311,640 9,477 4,931 
over$1,000879 1.88 %to5.88%2036-07-2051-111,099,328 8,508 6,233 
4,272 3,582,806 31,269 15,124 
4,300 $3,605,471 $31,460 $15,124 
Held-for-Investment at Freddie Mac SLST:
Fixed loans:
$— to$2509,798 2.00 %to11.00%2021-122061-10$1,224,173 $222,541 $114,622 
$251 to$5002,141 2.00 %to7.75%2035-082059-08681,885 114,360 91,149 
$501 to$75046 2.00 %to5.88%2043-082059-0125,165 3,127 7,190 
over$1,0001 4.00 %to4.00%2056-032056-031,018 1,018 — 
Total Held-for-Investment11,986 $1,932,241 $341,046 $212,961 
Table 6.8 – Product Types and Characteristics of Residential Loans (continued)
December 31, 2020
(In Thousands)
Loan BalanceNumber of
Loans
Interest
 Rate(1)
Maturity
Date		Total
Principal		30-89
Days
DQ		90+
Days
DQ
Held-for-Sale:
Hybrid ARM loans
$— to$2501 2.00 %to2.00%2032-11-2032-11$49 $— $— 
$751 to$1,0001 4.38 %to4.38%2047-10-2047-10970 970 — 
2 1,019 970 — 
Fixed loans
$— to$2501 4.69 %to4.69%2044-03-2044-03219 219 — 
$251 to$500— — %to—%0-0— — — 
$501 to$75075 2.50 %to5.50%2045-12-2051-0148,933 1,127 — 
$751 to$1,00080 2.38 %to4.63%2050-04-2051-0171,137 — — 
over$1,00040 2.38 %to5.00%2040-11-2051-0151,440 1,046 1,882 
196 171,729 2,392 1,882 
Held-for-Sale198 $172,748 $3,362 $1,882 
Held-for-Investment at Legacy Sequoia:
ARM loans:
$— to$2501,524 0.25 %to5.63%2020-10-2036-05$146,100 $4,208 $3,966 
$251 to$500251 0.50 %to4.13%2024-05-2035-1186,676 1,908 4,392 
$501 to$75079 0.25 %to4.13%2027-05-2035-0148,437 714 1,192 
$751 to$1,00027 0.75 %to3.75%2028-03-2036-0321,875 — 3,175 
over$1,00018 1.00 %to2.38%2028-05-2035-0426,422 — 4,560 
1,899 329,510 6,830 17,285 
Hybrid ARM loans:
$— to$2502 2.63 %to2.63%2033-09-2033-10439 — — 
$251 to$5005 2.63 %to4.00%2033-07-2034-031,748 410 — 
$501 to$7501 2.75 %to2.75%2033-08-2033-08556 — — 
over$1,0001 2.63 %to2.63%2033-09-2033-091,221 — — 
9 3,964 410 — 
Total HFI at Legacy Sequoia:1,908 $333,474 $7,240 $17,285 
Table 6.8 – Product Types and Characteristics of Residential Loans (continued)
December 31, 2020
(In Thousands)
Loan BalanceNumber of
Loans
Interest
 Rate(1)
Maturity
Date		Total
Principal		30-89
Days
DQ		90+
Days
DQ
Held-for-Investment at Sequoia:
Hybrid ARM loans
$— to$2503 5.50 %to6.75%2048-03-2048-10$607 $— $— 
$251 to$5005 3.50 %to3.63%2046-11-2049-062,196 440 — 
$501 to$75019 3.25 %to4.75%2044-04-2049-0912,214 682 671 
$751 to$1,00015 3.13 %to5.00%2043-12-2049-0812,911 960 1,744 
over$1,00012 3.50 %to5.00%2044-11-2050-0215,716 — — 
54 43,644 2,082 2,415 
Fixed loans:
$— to$25048 2.75 %to5.50 %2029-04-2049-09$9,508 $— $191 
$251 to$500285 3.13 %to6.13 %2033-06-2050-03122,327 4,728 2,225 
$501 to$7501,004 3 %to6.75 %2031-04-2050-04617,488 15,214 24,842 
$751 to$1,000556 3.25 %to6.50 %2036-12-2050-04478,938 10,482 21,155 
over$1,000230 3.15 %to5.88 %2036-07-2050-04278,549 4,868 23,914 
2,123 1,506,810 35,292 72,327 
2,177 $1,550,454 $37,374 $74,742 
Held-for-Investment at Freddie Mac SLST:
Fixed loans:
$— to$25011,007 2.00 %to11.00%2020-12-2059-10$1,407,107 $283,745 $206,724 
$251 to$5002,545 2.00 %to7.75%2035-05-2059-01811,191 143,195 172,995 
$501 to$75052 2.00 %to6.75%2043-08-2058-0728,461 6,863 9,526 
over$1,0001 4.00 %to4.00%2056-03-2056-031,012 1,012 — 
Total HFI at Freddie Mac SLST:13,605 $2,247,771 $434,815 $389,245 
(1)Rate is net of servicing fee for consolidated loans for which we do not own the MSR.
The following table displays the loan product type and accompanying loan characteristics of business purpose loans recorded on our consolidated balance sheets at December 31, 2021.
Table 7.6 – Product Types and Characteristics of Business Purpose Loans
December 31, 2021
(In Thousands)
Loan BalanceNumber of
Loans		Interest
 Rate		Maturity
Date		Total
Principal		30-89
Days
DQ		90+
Days
DQ
SFR at Redwood:
Fixed loans:
$— to$25074 3.75 %to7.75%2048-11-2052-01$11,515 $89 $171 
$251 to$50057 3.75 %to6.50%2026-01-2052-0121,284 — — 
$501 to$75028 3.75 %to6.70%2021-01-2052-0116,773 — 536 
$751 to$1,00012 4.13 %to5.43%2026-12-2052-019,764 — — 
over$1,00074 3.38 %to7.15%2020-01-2052-01288,896 — 4,677 
Total SFR at Redwood:245 $348,232 $89 $5,384 
SFR at CAFL:
Fixed loans:
$— to$2505 5.77 %to6.80%2023-01-2024-04$398 $20 $— 
$251 to$50073 4.64 %to7.03%2022-02-2031-0232,106 466 257 
$501 to$750199 4.00 %to7.06%2022-02-2031-10123,685 717 1,224 
$751 to$1,000134 4.20 %to7.23%2022-03-2031-09116,724 788 — 
over$1,000762 3.81 %to7.57%2022-03-2030-103,068,036 26,481 40,518 
Total SFR at CAFL:1,173 $3,340,949 $28,472 $41,999 
Bridge at Redwood
Fixed Loans:
$— to$250115 5.95 %to12.00%2019-08-2023-11$12,850 $426 $1,493 
$251 to$50026 5.95 %to10.00%2020-05-2023-099,294 253 1,619 
$501 to$75013 6.70 %to10.00%2021-02-2022-118,498 637 2,012 
$751 to$1,0009 5.45 %to10.00%2021-09-2022-107,544 980 — 
over$1,00024 5.45 %to10.00%2020-07-2023-1057,880 11,699 11,992 
187 96,066 13,995 17,116 
Floating Loans:
$— to$250737 4.25 %to10.00%2019-08-2023-11$65,611 $773 $— 
$251 to$500123 4.25 %to8.25%2020-05-2023-1242,248 — — 
$501 to$7509 5.75 %to8.60%2021-03-2024-025,724 — — 
$751 to$1,00012 5.75 %to7.50%2020-12-2024-0210,200 945 916 
over$1,00066 4.90 %to9.50%2021-03-2024-12450,543 1,680 — 
947 574,326 3,398 916 
Total Bridge at Redwood:1,134 $670,392 $17,393 $18,032 
Bridge at CAFL:
Fixed loans:
$— to$250808 5.45 %to10.65%2022-01-2023-05$58,110 $— $— 
$251 to$50070 5.95 %to10.50%2022-01-2023-0323,488 — — 
$501 to$75024 5.95 %to9.99%2022-01-2023-0815,041 — — 
$751 to$1,0007 5.45 %to8.99%2022-01-2023-046,375 — — 
over$1,00011 6.25 %to9.00%2022-01-2023-1132,864 — — 
920 135,878 — — 
Floating Loans:
$— to$250681 5.85 %to10.50%2021-10-2023-09$77,001 $2,091 $— 
$251 to$50013 5.95 %to8.35%2021-10-2023-094,088 783 — 
$501 to$7505 5.75 %to8.50%2021-10-2023-103,097 552 — 
$751 to$1,0003 6.75 %to7.25%2022-04-2023-062,546 — — 
over$1,00018 5.75 %to10.00%2021-11-2023-1252,007 — — 
720 138,739 3,426 — 
Total Bridge at CAFL:1,640 $274,617 $3,426 $— 
December 31, 2020
(In Thousands)
Loan BalanceNumber of
Loans		Interest
 Rate		Maturity
Date		Total
Principal		30-89
Days
DQ		90+
Days
DQ
SFR HFS:
Fixed loans:
$— to$2508 6.25 %to7.75%2027-03-2050-03$1,060 $— $635 
$251 to$5001 5.97 %to5.97%2021-02-2021-02483 — — 
$501 to$7506 5.84 %to6.75%2026-01-2031-013,632 — — 
$751 to$1,00010 5.15 %to6.39%2020-05-2031-018,936 — 1,815 
over$1,00040 3.82 %to5.95%2020-07-2031-01220,364 — 4,677 
Total SFR HFS:65 $234,475 $— $7,127 
SFR HFI at CAFL:
Fixed loans:
$— to$2505 5.77 %to7.05%2022-07-2030-08$1,016 $— $— 
$251 to$50067 4.64 %to6.96%2021-07-2031-0129,977 — — 
$501 to$750212 4.12 %to7.06%2020-11-2030-12130,665 — 1,752 
$751 to$1,000131 4.33 %to7.23%2021-01-2031-01113,874 764 750 
over$1,000679 3.93 %to7.57%2020-11-2031-012,741,605 3,867 58,938 
Total SFR HFI at CAFL:1,094 $3,017,137 $4,631 $61,440 
Residential Bridge
Fixed loans:
$— to$250393 6.99 %to12.00%2019-08-2022-12$44,225 $6,530 $1,668 
$251 to$50090 6.99 %to13.00%2020-05-2021-1130,472 945 1,423 
$501 to$75031 6.99 %to10.00%2020-07-2021-1018,843 — 540 
$751 to$1,00012 6.99 %to9.50%2020-10-2022-0310,430 — 943 
over$1,00065 6.04 %to10.25%2020-03-2022-12203,215 — 34,841 
591 $307,185 $7,475 $39,415 
Floating Loans:
$— to$2501,047 5.75 %to10.25%2020-11-2022-08$84,371 $— $— 
$251 to$50020 6.65 %to8.60%2020-11-2021-127,135 — — 
$501 to$7508 7.05 %to8.50%2020-11-2021-104,940 — — 
$751 to$1,0009 6.50 %to8.00%2020-12-2021-117,795 — — 
over$1,00050 6.50 %to9.50%2021-01-2022-12238,105 — — 
1,134 $342,346 $— $— 
Total Residential Bridge:1,725 $649,531 $7,475 $39,415 
The following table displays the loan product type and accompanying loan characteristics of multifamily loans recorded on our consolidated balance sheets at December 31, 2021.
Table 8.4 – Product Types and Characteristics of Multifamily Loans
December 31, 2021
(In Thousands)
Loan BalanceNumber of
Loans		Interest
 Rate		Maturity
Date		Total
Principal		30-89
Days
DQ		90+
Days
DQ
Fixed loans:
$10,001 to$20,00024 4.25 %to4.25%2025-09-2025-09$364,811 $— $— 
$20,001 to$30,0004 4.25 %to4.25%2025-09-2025-0990,357 — — 
Total:28 $455,168 $— $— 
December 31, 2020
(In Thousands)
Loan BalanceNumber of
Loans		Interest
 Rate		Maturity
Date		Total
Principal		30-89
Days
DQ		90+
Days
DQ
Fixed loans:
$10,001 to$20,00024 4.25 %to4.25%2025-09-2025-09$370,934 $— $— 
$20,001 to$30,0004 4.25 %to4.25%2025-09-2025-0991,874 — — 
Total:28 $462,808 $— $—