|
5/20/21
|
Laguna Beach investment firm Dornin Investment Group (“DIG”), in partnership with an investment fund, acquired a $195.5 mil, non-performing loan secured by a portfolio of 18 separate properties located throughout Southern California. The properties include multifamily, office, retail, hospitality and land assets located in Los Angeles, San Bernardino County, and Orange County.
DIG completed due diligence on this transaction in 11 days and closed start to finish in less than 30 days making it an incredibly fast and smooth closing for the seller, especially for a transaction of this size and complexity. Kevin Mackenzie and John Marshall with JLL Capital Markets advised DIG on the transaction and arranged the financing.
With this latest investment, DIG has now completed more than $1 bil of transactions in apartments, office, industrial, retail and hospitality properties and loans throughout California, Arizona, Nevada, Colorado, and Texas.DIG has successfully acquired performing and non-performing loans since its inception in 2010. The company has acquired both single-asset and multi-asset loan portfolios ranging in size from $5 mil to now nearly $200 mil.
|
|
Return to the Archive page
|
|
|
|
|