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Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Interest income $ 1,621 $ 1,680
Interest expense (82) (136)
Net interest income 1,539 1,544
Late fees 14 9
Total revenue, net 1,553 1,553
Provision for (recovery of) loan losses 0 0
Operations expense    
Mortgage servicing fees to related party 50 52
Asset management fees to related party 138 141
Costs from Redwood Mortgage Corp., net (Note 3) 86 65
Professional services 263 233
Other 0 11
Total operations expense 537 502
Net income 1,016 1,051
Members (99%) 1,006 1,041
Manager (1%) $ 10 $ 10