Dornin Investment Group (DIG), a leading real estate investment firm, recently acquired a non-performing loan for approximately $60 million at Par UPB. The loan is backed by an industrial park spanning 250,000 square feet in the greater San Diego area and was secured through note-on-note financing of $41.9 million from Calmwater Capital.
Since 2020, DIG has successfully closed over $500 million in loan purchases throughout the United States. As economic conditions continue to improve, note purchasing remains a key focus for DIG moving forward.
According to CEO Chris Dornin, “This latest acquisition aligns with our niche strategy of acquiring well-collateralized non-performing debt on high-quality real estate assets.” He added that their success with this investment approach has allowed them to amass significant capital for future opportunities. In fact, they are set to close another $100 million within the next 45 days and have a pipeline exceeding $400 million.
As a fully vertically integrated firm with extensive expertise in structured finance and various aspects of property management across all asset types as both lender and developer,DIG is uniquely positioned to execute this strategy effectively.
