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11/10/25
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Dornin Investment Group has acquired a $54 mil, non-performing loan (“NPL”) portfolio secured by 20 properties. The acquisition was financed through a combination of debt and equity arranged by Bellwether Enterprise (“BWE”) on behalf of DIG.
The NPL, acquired from a New York–based debt fund, is secured by a portfolio that includes four office properties in Texas totaling approximately 870k sf and 16 single-tenant NNN retail assets located across the Southeast and Midwest. The transaction represents the second acquisition between DIG and this lender.
Mike Guterman with BWE arranged the acquisition capital from a large private equity fund. Following closing, the venture intends to secure 60% note-on-note financing to enhance leverage. With this latest transaction, DIG has now completed five high-quality non-performing loan acquisitions in 2025 totaling approximately $215 mil.
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