Exhibit 21.1

SUBSIDIARIES OF THE REGISTRANT

Carbondale Holdings, LLC

WB 1011 Hillcrest, LLC

WB 10721 Stradella, LLC

WB 10733 Stradella, LLC

WB 10750 Chalon, LLC

WB 1118 Tower, LLC

WB 1241 Loma Vista, LLC

WB 1357 Laurel, LLC

WB 141 S. Carolwood, LLC

WB 1432 Tanager, LLC

WB 1471 Forest Knoll, LLC

WB 1484 Carla Ridge, LLC

WB 1520 Carla Ridge, LLC

WB 1966 Carla Ridge, LLC

WB 24055 Hidden Ridge, LLC

WB 25210 Jim Bridger, LLC

WB 25211 Jim Bridger, LLC

WB 2600 Hutton, LLC

WB 270 Spruce Ridge, LLC

WB 375 Trousdale, LLC

WB 38 Diamond, LLC

WB 385 Trousdale, LLC

WB 4030 Longridge, LLC

WB 41 King, LLC

WB 540 Pine Crest, LLC

WB 638 Siena, LLC

WB 642 St. Cloud, LLC

WB 714 Oakhurst, LLC

WB 731 Evans Way, LLC

WB 7870 Granito, LLC

WB 7900 Granito, LLC

WB 800 Stradella, LLC

WB 8124 3rd Street, LLC

WB 8607 Honoapiilani, LLC

WB 9127 Thrasher, LLC

WB 918 Brookie, LLC

WB 9230 Robin, LLC

WB CoLotco, LLC

WB Fountain Fairfax, LLC

WB Propco, LLC

WB Riverdale Foreclosure, LLC

WB Riverdale REO, LLC

WB RVR CoLotco, LLC

Woodbridge Group of Companies, LLC

Woodbridge Mortgage Investment Fund 1, LLC

Wind-Down Entity LLC