PC · PRIVATE CREDIT

Redwood Private Real Estate Debt Fund

Redwood Investment Management · Real Estate Debt Interval Fund (REIT-taxed)

Program Overview

Real Estate Debt Interval Fund (REIT-taxed)

Peer Group Filters

Objectives: IncomeCapital Preservation
Asset Class: Private Credit
Vehicle: Interval Fund
Single / Multi Asset: Multi-Asset

Sponsor/Manager

Redwood Investment Management

Asset Class

Private Credit

Issuer

Redwood Private Real Estate Debt Fund

Issuer Legal Structure

DE Statutory Trust

Program Life Structure

Evergreen

Securities Offered

Equity - Class I Shares of Beneficial Interest (CREMX)Equity - Class S Shares of Beneficial Interest (CRESX)

Target Leverage

Maximum 33% debt-to-total-assets Reverse repos and subsidiary mortgage-backed notes; 300% asset coverage required. $125.0M borrowed at 12/31/2025 (about 30% of $417.3M net assets, debt-to-NAV, not LTV); asset coverage 434%. Projected borrowings 20%-30% of assets at about 6.50%.

Strategy Risk/Return Profile

Managing Broker-Dealer

PINE Distributors LLC

Minimum Investment

$1,000

Class S Shares of Beneficial Interest (CRESX) · waivable

Strategy Overview

The prospectus states an objective of current income and capital preservation. At least 80% of net assets (plus borrowings for investment purposes) go into private U.S. commercial real estate-related debt: mortgages, participations, mezzanine debt and credit lines, mostly secured, $1M to about $100M, 5% to 12% rates, loan-to-estimated-value typically up to 70%. Up to 20% may sit in short-duration fixed income and non-U.S. (UK and Europe) investments. Leverage via reverse repos and subsidiary notes.

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