Dornin Investment Group (“DIG”), a leading private real estate investment firm specializing in distressed debt and value-add strategies, today announced the acquisition of a non-performing loan (“NPL”) on a 131-unit, 101,000 sq ft to-be-completed multifamily community at 57 Caton Place in Brooklyn, NY, located in the Windsor Terrace neighborhood. The transaction was structured and financed through a combination of debt and equity arranged by RIPCO on behalf of DIG.
The acquisition provides a strategic opportunity for DIG to continue applying its expertise in distressed assets. Michael Winter, Adam Hakim and James Murad from RIPCO Real Estate facilitated the transaction, securing both the debt and equity from a private equity fund.
“RIPCO’s innovative capital solution allowed us to move decisively on a complex multifamily NPL that aligns perfectly with DIG’s investment strategy,” Chris Dornin “This acquisition reflects our continued momentum in the distressed credit space. With the right capital structure in place, we’re positioned to efficiently resolve the loan and unlock long-term value.”
“We’re thrilled to have partnered with Dornin Investment Group on this multifamily NPL acquisition. The transaction showcases the strength of collaboration, innovative capital structuring, and our shared commitment to creating long-term value. It’s a great example of how strategic partnerships drive successful outcomes in today’s complex real estate market,” RIPCO Real Estate.
“This deal only happened because of the relentless effort and creativity of Michael Winter at RIPCO whom we are incredibly thankful for making this deal happen” said Chris Dornin.
With this transaction, DIG has completed six high-quality non-performing loan acquisitions in 2025, totaling approximately $293 million and nearly $800M of NPL’s in the past several years. This track record highlights the firm’s consistent ability to source, evaluate, and execute distressed and opportunistic debt investments in today’s dynamic credit environment.
About Dornin Investment Group
Dornin Investment Group (“DIG”) is a fully integrated real estate investment firm with offices in Laguna Beach, CA, and Las Vegas, NV. The firm invests across the capital stack in commercial and residential real estate alongside institutional and private investors, with a focus on distressed, opportunistic, and value-add strategies across all major property types, including office, flex, industrial, multifamily, and hospitality, as well as non-performing and sub-performing loans.
DIG’s full-service platform includes asset and property management, leasing, design services, construction management, and capital markets advisory services through its wholly owned subsidiary, Dornin Realty Advisors. Since 2010, DIG has completed over $2.179B in transactions across 80 deals. For more information, visit www.dorningroup.com.
About RIPCO Real Estate
RIPCO Real Estate is a full-service retail-focused brokerage firm specializing in leasing, investment sales, property management, and advisory services across key markets. Known for deep local expertise and long-standing relationships, RIPCO represents landlords, tenants, and investors with strategic guidance and tailored solutions that drive long-term value. With offices throughout the Northeast and Florida, RIPCO delivers market intelligence, disciplined execution, and a client-first approach to every assignment. Learn more at www.ripcony.com