Dunmor, a provider of bridge, fix and flip, ground-up construction and DSCR rental loans for real estate developers, has received a minority equity investment from Newfi Lending, a non-agency mortgage lender owned by funds managed by Apollo Global Management.
The investment is an expansion of the partnership announced in June 2024.
“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 together with Apollo’s backing,” says Franck Ruimy, founder and CEO of Dunmor, in a release. “This equity investment positions us to continue delivering the high level of service our clients expect, complemented by an even stronger commitment to providing competitive funding solutions.”
Under the terms of the transaction, Newfi continues to provide an initial financing facility to expand Dunmor’s origination capacity. Additionally, Newfi is providing a strategic minority investment to empower Dunmor to capture the growing market opportunity within the residential transition lending sector.
“Over the past six months Dunmor’s platform and performance continually impressed us, and we are now looking forward to expanding our relationship with a minority equity investment,” says Steve Abreu, founder and CEO of Newfi.
