IRVINE, CA-Berkeley Point Capital’s locallybased team, led by director Darrin Stoval, hasprovided $37.8 million in financing forDornin Investment Group to acquire sevenmultifamily properties in Southern California overthe past year. All of the acquisitions were in the $5-million to$20-million range, on which Dornin focuses.

Dornin’s most recent acquisition was Country ClubApartments, a 79-unit multifamily community in SanBernardino, which the firm purchased from a group of investors whobuilt the project in the 1980s as an estate-planning vehicle,Chris Dornin, president of Dornin InvestmentGroup, tells GlobeSt.com. The deal was structured under theFannie Mae DUS program as a $5.4-million, 10-year,fixed-rate execution.

“The acquisition of Country Club continues our strategy ofbuying mismanaged, value-add, distressed and/or opportunisticmultifamily properties in Southern California,” said Dornin in aprepared statement. “The property is well located near CSUSB andthe new Amazon distribution center and features well-designedcondominium-style units. With some minor interior and exteriorupgrades, new professional management and the continued expansionof the distribution and manufacturing sectors in the Inland Empire,we are excited about the long-term potential of this asset.”