On May 1st, 2025, Dornin Investment Group (“DIG”), a private real estate investment firm specializing in distressed debt and value-add strategies, announces the acquisition of a $42 million non-performing senior loan secured by a newly constructed, Class A multifamily property located in Seattle, Washington.
The property is situated in a highly walkable, amenity-rich location bridging Capitol Hill and Downtown Seattle—one of the city’s most vibrant and dynamic neighborhoods. Positioned near the iconic Starbucks Reserve Roastery and numerous cultural, dining, and entertainment destinations, the asset offers a compelling long-term value proposition.
“This acquisition aligns with our core strategy of targeting high-quality assets in core urban markets where we can unlock value through loan resolution and operational repositioning,” said Chris Dornin, Founder and CEO of Dornin Investment Group.
DIG acquired the loan off market from a repeat debt fund relationship. The property is in bankruptcy and a sale is scheduled in the next month.
The acquisition was supported by note-on-note financing from a national private lender. The sale and financing were advised by a team led by Michael Winter at RIPCO Real Estate, including Adam Hakim and James Murad
“Chris Dornin and his team at DIG are exceptionally skilled at navigating all of the challenges that exist in the distressed debt markets. Their transactional experience and practical solutions to complex financial situations are industry leading.” said Michael Winter Managing Director, Debt & Structured Finance RIPCO Real Estate.
About Dornin Investment Group
Dornin Investment Group is a vertically integrated real estate investment and asset management firm focused on opportunistic and distressed investments across the Western U.S. With a disciplined approach to underwriting and execution, DIG has completed over $1.9 billion in transactions since inception. www.dorningroup.com
#CRE #NonPerformingLoans #SeattleRealEstate #RealEstateFinance #DebtAcquisition #DIG #DorninInvestmentGroup #RIPCO
Dornin Investment Group Acquires $42M Non-Performing Loan Secured by Class A Multifamily Asset In Seattle
