Qualified REIT Subsidiaries. Sequoia Mortgage Funding Corporation, Juniper Trust, Inc. and Tanoak Commercial Capital Corporation are “qualified REIT subsidiaries” within the meaning of Section 856(i) of the Code. Any securitization trusts formed by the Company’s “qualified REIT subsidiaries” are either (i) treated as real estate mortgage investment conduits, or (ii) disregarded for tax purposes, with such trust’s assets treated as assets of Sequoia Mortgage Funding Corporation. The Company has no other “qualified REIT subsidiaries”.
Appears in 2 contracts
Sources: Underwriting Agreement (Redwood Trust Inc), Underwriting Agreement (Redwood Trust Inc)