Dunmor, a Los Angeles, CA-based provider of bridge, fix and flip, ground-up construction and DSCR rental loans for real estate developers across the United States, received a minority equity investment from Newfi Lending.
The amount of the deal was not disclosed.
The company intends to use the funds to expand its residential mortgage originations, providing Apollo-managed vehicles with investment opportunities in high-quality yield assets.
Led by founder and CEO Franck Ruimy, Dunmor is a technology company specializing in residential real estate investment loans providing short-term bridge loans, fix and flip loans, construction loans and DSCR rental loans for residential and multifamily investment properties throughout the United States. It works directly with borrowers and brokers in offering competitive rates, efficient closings and better customer service.
Newfi Lending is 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.
FinSMEs
23/01/2025