Dornin Completes Quick Buy on 18-Property Portfolio

Laguna Beach investment firm Dornin Investment Group (DIG), in partnership with an investment fund, recently acquired a $195.5 million nonperforming loan secured by a portfolio of 18 separate properties located throughout Southern California. The properties include multifamily, office, retail, hospitality and land located in Los Angeles, San Bernardino County and Orange County. 

“Our firm has a deep understanding of the capital markets and complexities of investing throughout the capital stack, along with the experience and track record to operate and execute business plans at the asset level, which makes acquiring nonperforming loans a natural play for us,” notes Chris Dornin, CEO and founder of DIG. 

DIG completed due diligence on this transaction in 11 days and closed start to finish in less than 30 days, a quick turnaround, especially for a transaction of this size and complexity.

Kevin Mackenzie and John Marshall with JLL advised DIG on the transaction and arranged the financing.

With this latest investment, DIG has now completed more than $1 billion of transactions in apartments, office, industrial, retail and hospitality properties, and loans throughout California, Arizona, Nevada, Colorado and Texas.