Material Agreement - Form 8-K

Effective March 13, 2024, Redwood Mortgage Investors IX, LLC ("RMI IX" or "the company") and Western Alliance Bank ("WAB") entered into an extension and modification agreement (the "2024 modification agreement") which amended the Business Loan Agreement, dated as of March 13, 2020, between RMI IX and WAB, as amended by the First Loan Modification Agreement, dated as of March 4, 2022 (as so amended, the "2024 credit agreement"). Under the terms of the 2024 credit agreement, RMI IX can borrow up to a maximum principal of $10 million pursuant to a line of credit subject to a borrowing base calculation set forth in the 2024 credit agreement and the amounts advanced under the 2024 credit agreement are secured by a first priority security interest in the notes and deeds of trust of the pledged loans in the borrowing base. As modified by the 2024 modification agreement, the maturity date of the 2024 credit agreement is March 13, 2026 when all amounts outstanding are then due. In addition, for a fee of one-quarterof one percent (0.25%), RMI IX has the option prior to maturity date to convert the then outstanding principal balance under the 2024 credit agreement to a two-yearterm loan maturing in March 2028. The 2024 modification agreement also replaces the 30-dayAmerican Interbank Offered Rate Term-30Index published for loans in United States Dollars by the American Financial Exchange with the one-monthTerm SOFR Reference Rate ("Term SOFR") which is published for loans in United States dollars by CME Group Benchmark Administration Limited and is obtained from Bloomberg Financial Services Systems with the code TSFR1M (or, if no longer available, any similar or successor publication selected by WAB). Following the 2024 modification agreement, interest on the outstanding principal under the line of credit is payable monthly and accrues at the annual rate that is the greater of: (i) the Term SOFR Rate plus three and one-halfpercent (3.5%) and (ii) six percent (6.0%).

The foregoing description of the 2024 modification agreement does not purport to be complete and is qualified in its entirety by the full text of the 2024 modification agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-Kand is incorporated herein by reference.