BakerHostetler represented BARH Dunmore, LLC (Dunmor) in (i) a transaction with Newfi Lending (Newfi) that will allow Newfi to invest in Dunmor’s business purpose bridge lending operations with a number of milestones structured to align and strengthen the Newfi-Dunmor relationship over time and (ii) a transaction between Dunmor and an offtake partner, securing hundreds of millions of dollars of funding capacity for Dunmor with room to upsize as the business grows.
Dunmor is a technology-forward, data-empowered national lender specializing in residential real estate investment loans. Dunmor provides short-term bridge loans, fix and flip loans, and construction financing for residential and multifamily investment properties.
Newfi is a technology-driven multichannel lender in the mortgage marketplace.
The BakerHostetler team on these transactions included Partners Steven Goldberg, Jeffrey Spindler, Christopher Carolan, Elizabeth Smith, Michael Iannuzzi, Stefan Smith and Sabrina Shadi and Associates Jennifer Rodriguez, Geoffrey Hainbach and Jeremy Jenkins.