**Dornin Investment Group Acquires $78M Non-Performing Loan on Brooklyn Multifamily Project**
Dornin Investment Group (DIG), a private real estate investment firm known for its focus on distressed debt and value-add strategies, has acquired a $78 million non-performing loan (NPL) for a 131-unit, 101,000-square-foot multifamily development at 57 Caton Place in Brooklyn’s Windsor Terrace neighborhood.
The acquisition was made possible through a combination of debt and equity financing, arranged by RIPCO Real Estate on behalf of DIG. The financing was secured from a private equity fund, enabling DIG to pursue its strategic investment approach in distressed real estate assets.
RIPCO Real Estate played a key role in structuring and securing the transaction. The team included Managing Director Michael Winter, Executive Managing Director Adam Hakim, and Managing Director James Murad.
“RIPCO’s innovative capital solution allowed us to move decisively on a complex multifamily NPL that aligns perfectly with DIG’s investment strategy,” said Chris Dornin, Founder and CEO of Dornin Investment Group. “This acquisition reflects our continued momentum in the distressed credit space. With the right capital structure in place, we’re positioned to efficiently resolve the loan and unlock long-term value.”
The acquisition marks another step in DIG’s expansion within the distressed asset market, demonstrating the firm’s commitment to leveraging its expertise and operational platform to reposition underperforming assets across core urban markets.
