Allen Matkins Advises Dornin Investment Group in $19.6M NPL Acquisition

Allen Matkins advises Dornin Investment Group (DIG) in their acquisition of a loan with a total balance of $19.6M. The loan is secured by a recently renovated 218-bed off-campus student housing project located in Eastern Washington.

DIG, purchasing opportunistic debt investments throughout the U.S., has closed approximately $500M in loan purchases since 2020. This is the third note purchase by DIG that is secured by a student housing project and the second secured by collateral in Washington state. Note purchase activity continues to strengthen considering the economic cycle and will remain a core focus at DIG through 2024. Several other loan investments are under evaluation.

Read Dornin's press release.

The Allen Matkins team was led by Mark Nicoletti and Mike Farrell.