Updated Oct 16, 2026
Chris Dornin Of Dornin Investment Group Secures $22 Million Loan For Laguna Beach Hotel
1401 Pacific Coast Highway
$22,000,000
Building Size
—
Asset Type
Hotel
Closing
Oct 9, 2026
About this deal
AI
The asset involved in this transaction is a hotel located at 1401 Pacific Coast Highway in Laguna Beach, featuring a total of 24 keys. The transaction includes a construction loan totaling $22,000,000. The financial backing for the deal comes from Cerco Capital, which provided $15,000,000 in first mortgage financing, and Alecko Capital, contributing $7,000,000 in preferred equity.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $22,000,000
- Date: 10/09/2026
- Lender: Cerco Capital& Alecko Capital
- Borrower: Chris Dornin - Dornin Investment Group
- Broker Representatives: Michael Winter, James Murad & Adam Hakim - Ripco
Key individuals involved in the deal include Chris Dornin from Dornin Investment Group as the borrower and the brokers Michael Winter, James Murad, and Adam Hakim from Ripco, representing the parties in the transaction.
On the Map
$22,000,000
Hotel
View full map
Players
Laguna Beach Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse Laguna Beach hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93