Redwood Trust

Mortgage REIT Insider: A Few Deals Still Getting Done 

As reported by HW on Wednesday, beleaguered Wachovia Corp. [stock WB][/stock] is selling off a $40 million portfolio of distressed residential construction loans to LandCap Partners. LandCap Partners is a 50/50 joint venture between Goldman Sachs’ [stock GS][/stock] Whitehall Real Estate Funds and commercial mREIT NorthStar Realty Finance [stock NRF][/stock].