Newfi Lending, an industry-leading lender specializing in innovative, non-agency mortgage solutions, today announced a transaction with Dunmor, a leading provider of bridge, fix and flip, and ground-up construction loans for real estate developers and investors (“Residential Transition Loans”).
Under the terms of the transaction, Newfi will provide an initial financing facility to expand Dunmor’s origination capacity and further equip them to capture the growing market opportunity within the RTL sector. The transaction also includes a number of milestones structured to align and strengthen the Newfi-Dunmor relationship over time.
Founded in 2021, Dunmor has assembled a highly experienced and long tenured team of mortgage professionals who understand the array of unique needs and asset types of Residential Transition Lending, with the ability to tailor client solutions to help real estate investors scale their businesses.
“We are excited to partner with Dunmor, who will serve as a key partner as we look to expand into the RTL sector,” said Newfi CEO Steve Abreu. “We continue to be impressed by the leading technology Dunmor has created to break into the RTL industry and look forward to expanding the relationship over time.”
Franck Ruimy, Dunmor founder and CEO, expressed enthusiasm about the company’s new partnership in the business lending space with Newfi, stating, “Our team has created a remarkable platform and brand, and we are now set to embark on a new growth phase with Newfi as a key strategic partner. This joint venture positions us to continue delivering the high level of service our clients expect from us, complemented by an even stronger commitment to providing innovative funding solutions at highly competitive rates.”
About Dunmor
Dunmor is a technology forward national lender specializing in residential real estate investment loans. Established in 2021, the company provides short-term bridge loans, fix and flip loans, and construction loans for residential and multifamily investment properties. Dunmor works directly with borrowers and brokers in offering competitive rates, efficient closings, and exceptional customer service. For more information, visit dunmor.com.
About Newfi Lending
Newfi is a multi-channel lender that is setting the standard for efficiency, transparency, and service in the mortgage marketplace. Founded by industry veterans, Newfi is committed to innovation in lending products for both consumers and mortgage brokers under the Newfi Lending brand. For more about Newfi product offerings visit Newfi.com.
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