Dunmor, a provider of bridge, fix and flip, ground-up construction and DSCR rental loans for real estate developers across the United States, announced a series of achievements marking its momentum this year. These achievements include reaching a new milestone of $150 million in funding, the appointment of Jim Cooper, executive vice president of capital markets, a license to operate in Arizona, a broker portal, and soon a license to operate in Nevada and a new office in Irvine, California.
The achievements closely follow a minority equity investment from Newfi Lending, an industry-leading non-agency mortgage lender owned by funds managed by Apollo Global Management, announced in January this year.
Dunmor also announced that Jim Cooper will now serve as executive vice president of capital markets. Cooper has 30 years of experience in lending, developing real estate, and investing in the multifamily industry. Cooper’s vast experience will drive and enhance Dunmor’s expertise and initiatives in the multifamily industry and in capital markets.
Cooper, based in Dunmor’s Scottsdale, Arizona office, was essential in securing a license for Dunmor to operate in Arizona this year. The Arizona license allows Dunmor to have a wider reach and more opportunities for its clients, in addition to its local presence in Scottsdale.
Dunmor will also continue expansion in the second quarter this year with a license to operate in Nevada and a new office in Irvine, California, to best serve real estate investors in Nevada and Orange County, California.
In the second quarter of this year, Dunmor will launch its new broker platform, reinforcing its commitment to being the premier financing partner for the brokerage community. And with this rollout, Dunmor will uniquely feature separate AI-powered loan origination platforms for real estate investors and brokers. These platforms enable rapid delivery of pre-qualifications, quotes, term sheets, and loans, dramatically improving speed and efficiency in the lending process.
Dunmor will continue expanding its presence as a leader in high-quality residential mortgage originations due to Dunmor’s recent partnership with Newfi Lending, owned by Apollo Global Management.
Dunmor provides residential transition loans (RTLs) in four distinct categories: bridge, fix and flip, ground-up construction and DSCR rental across 48 states. With the widest range of RTL products and the broadest national footprint, Dunmor also supports borrowers through a nationwide team of loan originators and production analysts.
Combining deep industry experience, broad product offerings, geographic reach, AI-based origination platforms and institutional capital backing from Apollo and Newfi enables Dunmor to continue building momentum as a leader in the RTL lending space.
KEY QUOTES:
“Our team has created a remarkable platform and brand, and we are now set to embark on a new growth phase. All our recent achievements position Dunmor to continue delivering the high level of service our clients expect, complemented by an even stronger commitment to providing the most competitive funding solutions in the marketplace.”
- Dunmor founder and CEO, Franck Ruimy
“Dunmor is a key partner in our development process. Their team understands the complexities of the industry and provides tailored lending solutions that make financing efficient and predictable. Dunmor’s expertise and reliability have enabled us to confidently move forward with over $15,000,000 in new construction in the past 30 days. With a streamlined process and competitive terms, Dunmor saves us time and hassle, allowing us to focus on building and growing our business. I highly recommend Dunmor to any borrower looking for a lender which truly understands their needs and delivers real results.”
- Chad Nickolas, a residential real estate developer
“We are excited to bring the Dunmor platform to the Arizona market. Our loan programs and competitive pricing will bring a new source of capital to Arizona investors.”
- Jim Cooper
“Our performance is continuing on an upward trend as we focus on delivering the best customer experience for financing. Our innovative technology and the ability to execute position Dunmor as a leading lender in the industry.”
- Franck Ruimy, founder and CEO, Dunmor
“This platform marks a new chapter for how brokers work with Dunmor. By combining intuitive technology with tailored support, we’re giving brokers the tools they need to close more deals — faster, easier and smarter.”
- Zeenat Zonte, executive vice president and head of Dunmor’s wholesale broker business
