Mortgage Daily Logo

New Lender Capitalizing on Investor Residential

Mortgage News

Mortgage Daily

                                                 February 18, 2014

A finance company has been launched out of California that will finance investor-owned residential properties — a market that is reportedly in the trillions of dollars.

The lender, Dwell Finance, says that it will focus on capturing the best borrowers by providing a streamlined and flexible lending process that is easy to understand.

San Francisco-based Dwell Finance said that it provides both acquisition loans and term loans on investor-owned single-family properties.

It is a newly formed venture between 643 Capital Management and Five Ten Capital, a news release Tuesday said.

The two firms claim to be “leaders in the rapidly growing single-family rental business.”

643 Capital — which reportedly has a strong five-year track record investing and lending in the single-family rental business — and Five Ten Capital — which says it is experienced in mortgage origination, servicing and securitization — report combined purchases of more than 4,000 homes nationally.

“Our experience in buying, borrowing, and lending in single-family homes provides us with a roadmap for what does and doesn’t work in this business,” Dwell Finance Co-Founder Gregor Watson said in a news release. “We can offer effective financing solutions to both home investors and future bond holders.”

Dwell Finance Co-Founder and former Salomon Brothers mortgage investor Rob Bloemker said that he sees investor residential financing taking off in the next few years.

He explained that investor-owned residential properties fall into a void between the traditional commercial and residential mortgage markets — leaving more than $2 trillion in rental home without financing.

Related Posts

Federal Housing Administration$1,224.5 billionDec. 31

Third-Quarter 2012 Mortgage Litigation Index

Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Fannie Mae and Freddie Mac Orangeburg County, Richland County, South...

Federal Housing Administration$1,224.5 billionDec. 31

Net Branch Lawsuits

Litigation involving net branch operations. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story PHH Mortgage Corp. Mathews Supreme Court of Virginia na Court held that the term "branch office" includes not only...

Federal Housing Administration$1,224.5 billionDec. 31

Whistleblower Lawsuits

Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure.   Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Bank of...

Federal Housing Administration$1,224.5 billionDec. 31

Mortgage Servicing Lawsuits

Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story BAC Home Loan...

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming paperwork has been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and furniture need to...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand-new mortgage loan can be a difficult task, especially for first-time homeowners.   After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first...

Newsletter

Don’t worry, we don’t spam