Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending, a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated 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,” Franck Ruimy, Dunmor’s founder and CEO, said in a statement. “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 investment, Newfi will continue to provide an initial financing facility to expand Dunmor’s origination capacity. It will also provide a strategic minority investment for Dunmor to capture the growing market opportunity within the residential transition lending (RTL) 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,” said Steve Abreu, Newfi’s founder and CEO.
With this investment, Dunmor will continue to “expand as a leader in high-quality residential mortgage originations, providing Apollo-managed vehicles with attractive investment opportunities in high-quality yield assets,” the company explained.
Established in 2021, Dunmor operates nationwide in the consumer direct and broker channels. It offers four types of RTL products — bridge, fix and flip, ground-up construction and debt-service-coverage ratio (DSCR) loans. The Los Angeles-headquartered lender also offers AI-powered loan origination platforms for real estate investors and brokers, which enable rapid delivery of prequalifications, quotes, term sheets and funds.
