Under the terms of the investment, Newfi will continue to provide an initial financing facility to expand Dunmor’s production capacity. It will also provide Dunmor with a strategic minority investment to capture the growing market opportunities within the housing transition loan (RTL) sector.
“Over the past six months, Dunmor’s platform and performance have continually impressed us, and we now look forward to expanding our relationship with a minority equity investment,” said Steve Abreu, founder and CEO of Newfi.
With this investment, Dunmor will continue to expand as a leader in high-quality residential mortgages, providing Apollo-managed vehicles with attractive investment opportunities in high-quality yield assets, the company said.
Founded in 2021, Dunmor operates nationally in direct consumer and broker channels. It offers four types of RTL products: bridge, fix and flip, ground-up construction and DSCR (debt service coverage ratio) loans. The Los Angeles-headquartered lender also offers AI-powered loan origination platforms to real estate investors and brokers, enabling rapid delivery of pre-qualifications, quotes, term sheets and funds.
