B2R Finance, a lender for single-family residential rental property investors, has acquired Dwell Finance, creating a stronger and customer focused product, with a national presence and regional approach.
Dwell Finance provides the frontend solutions for investors, rehab financing and fix and flip facilities for the regional entrepreneur, Gregor Watson, chief revenue officer and president of business development at B2R Finance, explained in an interview with HousingWire.
With the acquisition, Watson said the company can now provide the end-to-end solution and technology for the customer from start to finish.
“We collect more data and really feel that from an asset management standpoint it can provide clear sight to what is going in the portfolios,” Watson said. “The space has allowed us to learn more about what the customers want and to adapt and provide better features in the products we are rolling out. We have now mirrored that with what the bond buyers want over the next years.”
Back in March, B2R Finance announced the first multi-borrower SFR securitization transaction in the industry.
The new transaction was expected to consist of $230 million aggregate principal balance pass-through certificates rated by at least two rating agencies and backed by 144 mortgage loans.