Newfi's investment in Dunmor includes an initial financing facility to expand origination capacity and a strategic minority investment targeting the residential transition lending (RTL) market. Impressed by Dunmor's performance over the past six months, Newfi's CEO, Steve Abreu, emphasized the growth potential of Dunmor's innovative platform. Since its establishment in 2021, Dunmor has expanded its offerings to include bridge, fix and flip, ground-up construction, and DSCR loans, utilizing AI technology to streamline the loan origination process across the nation.
Newfi's strategic minority investment in Dunmor aims to capitalize on the growing RTL market while enhancing Dunmor's capacity for high-quality residential mortgage originations.
Dunmor, established in 2021, provides diverse RTL products and employs advanced AI technology for efficient loan origination, positioning itself as a leader in the space.
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