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DIG Buys $195M SoCal Non-Performing Loan

The non-performing loan portfolio features 18 properties located in Southern California in four different asset classes.

Dornin Investment Group has made a significant opportunistic play. The Laguna Beach-based firm has acquired a non-performing loan for $195 million. The loan is for an 18-property Southern California portfolio that includes apartment, retail, office and hospitality assets.

Dornin Investment Group, also known as DIG, is an active buyer of non-performing loans since 2010, and the firms CEO and founder Chris Dornin says that its experience in the distressed loan market aided in this acquisition. The firm completed a quick due diligence in only 11 days and closed the acquisition in less than 30 days. This was impressive, considering the loan’s size and complexity. Kevin Mackenzie and John Marshall with JLL Capital Markets represented the firm in the transaction and arranged financing.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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