Dornin Investment Group Secures $41.9M Financing For San Diego Industrial Property

The industrial property located at 4901 Morena Boulevard in San Diego spans 232,863 square feet. The loan, amounting to $41,900,000, was provided by Calmwater Capital for Dornin Investment Group's acquisition of a nonperforming loan associated with the Rose Canyon Business Park.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $41,900,000
• Market: San Diego
• Lender: Larry Grantham - Calmwater Capital
• Landlord: Chris Dornin - Dornin Investment Group

Larry Grantham from Calmwater Capital provided the financing for the acquisition of the distressed debt by Chris Dornin from Dornin Investment Group. Dornin acquired the loan believed to have originated from LoanCore Capital, showcasing a strategy of acquiring distressed debt on high-quality real estate. Dornin has plans to close additional deals totaling $100 million and has a robust acquisition pipeline exceeding $400 million.