LOS ANGELES—Dominion Mortgage Corp. has expanded its multifamily financing services with the launch a new multifamily portfolio lending program. The program will fund multifamily acquisitions and refinances in metropolitan markets throughout the US, and illustrates a shift in the company’s focus to multifamily lending opportunities.

“We have been making loans to apartment owners for over 30 years, so this is more of an expansion of our existing program,” Loren Thall, VP of Dominion Mortgage Corp., tells GlobeSt.com. “This program will appeal to more people with different situations. Now, we will be able to make loans to foreign nationals and investigate borrowers with credit issues rather than reject the loan. We are focusing more on multifamily because we think it is a good investment for both investors and lenders. There are a lot of people who are having trouble qualifying for loans because the requirements are so stringent right now.”

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