
Dunmor’s Strategic Growth Initiative
Dunmor, a firm dedicated to business-purpose residential mortgages, recently made headlines with the announcement of a new minority equity investment from Newfi Lending, a non-agency mortgage lender that is supported by funds managed by Apollo Global Management.
This investment builds upon their initial collaboration, which began in June 2024.
Franck Ruimy, CEO and founder of Dunmor, shared his enthusiasm about the investment, highlighting how it reinforces the company’s strong brand and operational platform.
He noted that this capital injection will catalyze growth while ensuring their clients continue to experience top-tier service.
Ruimy emphasized a strategic commitment to enhancing competitive funding solutions within the industry.
Details of the Investment
In this investment deal, Newfi will provide an initial financing facility aimed at boosting Dunmor’s origination capabilities, coupled with a strategic minority stake.
This initiative is designed to position Dunmor favorably within the expanding residential transition lending (RTL) market.
Steve Abreu, the founder and CEO of Newfi, acknowledged that Dunmor’s outstanding platform and solid performance over the past six months prompted Newfi to deepen their collaboration through this equity stake.
Enhancing Service and Investment Opportunities
With this new capital, Dunmor is eager to cement its status as a premier provider of high-quality residential mortgage originations.
At the same time, Dunmor is focused on creating attractive investment opportunities for assets managed by Apollo, targeting those that offer significant returns.
Founded in 2021, Dunmor serves clients nationwide, concentrating on both consumer direct and broker channels.
The company boasts a diverse range of RTL products, which include bridge loans, fix-and-flip loans, ground-up construction financing, and debt-service-coverage ratio (DSCR) loans.
Furthermore, Dunmor harnesses AI-driven loan origination platforms for real estate investors and brokers, facilitating the efficient processing of prequalifications, quotes, term sheets, and funding with the help of advanced natural language processing techniques.
Source: Housingwire