May 3, 2013 – Dornin Investment Group acquires another set of notes secured by a portfolio of multifamily and commercial assets located in Orange County and Northern Los Angeles County from 2 separate lenders in less than 2 weeks. The notes include properties secured by a 150 unit multifamily property in Northern Los Angeles County, an industrial building in San Clemente and four small multifamily properties located in Dana Point and San Clemente.
The notes were acquired all cash in 7 days from one lender and 14 days for the other. DIG is currently seeking low leverage note financing to leverage its position and free up some capital for additional acquisitions in the pipeline. The notes are performing and provide an exceptional current return and attractive total yield on maturity based on the outstanding loan balances.
"We continue to be opportunistic and capitalize on strong investment opportunities where our experience, speed and access to capital to close transactions quickly separates us from the typical buyer" said Chris Dornin, President of Dornin Investment Group.
About Dornin Investment Group
Dornin Investment Group (“DIG”) is a real estate investment and asset management firm that invests in commercial and residential real estate in partnership with a broad base of institutional and private investors. The firm specializes in distressed, opportunistic and value-add real estate investments in all major property types with a focus on multifamily, office and industrial properties and notes. The company offers a full service investment platform providing property management, leasing, construction management and finance through its wholly owned affiliate Dornin Realty Advisors (“DRA”). For more information, visit www.dorningroup.com