Newfi Lending has announced an agreement with Dunmor in which Newfi will provide an initial financing facility to expand Dunmor’s origination capacity. The transaction also includes “a number of milestones structured to align and strengthen the Newfi-Dunmor relationship over time,” according to a statement from Newfi.
NAF Cash, an affiliated company of New American Funding, has announced the launch of NAF Cash Maps, an analytics tool that provides detailed information on cash transactions throughout the U.S. by state. The data is derived from information collected by real estate data provider MMI, MLS data, and public records, supplemented with analysis from NAF Cash data engineers.
Hometown Lenders has filed for Chapter 11 bankruptcy protection in Alabama, stating in court documents that it owed roughly $107 million to various authorities, creditors and former employees.
A&D Mortgage has announced the launch of new pricing tiers specifically designed for high-value rental properties. Specifically, investors with debt service coverage ratios (DSCRs) of 1.25 or higher can now avail of new pricing adjustments starting at 37.5 basis points for loan-to-value (LTV) ratios below 80%. Additionally, foreign investors can benefit from enhanced loan terms and increased affordability with pricing improvements of 37.5 BPS for LTV ratios below 70%. Property owners seeking secondary financing may also be eligible for pricing adjustments of 37.5 BPS for LTV ratios below 75%.
