Dunmor, Newfi Augment Partnership with Minority Equity Investment
According to the conditions of the investment, Newfi will continue to offer an initial financing facility to expand the origin capacity of Dunmor. It will also offer a strategic minority investment for Dunmor to record the growing market opportunities in the Residential Transition Lending (RTL) sector.
“In the past six months, the platform and performance of Dunmor have constantly impressed us, and we are now looking forward to increasing our relationship with an investment of minorities,” said Steve Abreu, founder and CEO of Newfi.
With this investment, Dunmor “will continue to expand as a leader in high-quality residential mortgage originations, as a result of which Apollo-managed vehicles offer attractive investment options in high-quality return assets,” the company explained.
Dunmor was founded in 2021 and works nationally in the direct and broker channels of the consumer. It offers four types of RTL products-Bridge, Fix and Flip, Ground-up Construction and Debt-Service coverage Ratio (DSCR) loans. The Los Angeles headquarters also offers AI-driven loan platforms for real estate investors and brokers, who make fast delivery of pre-qualifications, quotations, term sheets and funds possible.
