# DFFA

DFFA is an Asset Manager based in United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** United States
- **Region:** North America
- **Assets under management:** Undisclosed
- **Website:** dffa.com

## Regulatory record

- **CRD number:** 284456
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/284456

## About

DFFA, LLC is a state-registered investment adviser. It has one employee and one investment adviser.

## Sectors

- Real Estate
- Private Credit
- Opportunistic

## People

- David F. Firestone — Chief Executive Officer

## Questions

### Who leads investment decisions at DFFA?

David F. Firestone serves as CEO and is the central decision-maker. His background combines real estate investment, legal structuring, and distressed credit workouts, which directly shapes the firm's hands-on approach to complex loan resolutions.

### Does DFFA invest in equity real estate or only credit instruments?

While DFFA is primarily a credit investor, its strategy includes positions that can convert to equity ownership through foreclosure or deed-in-lieu resolutions. The firm's preferred approach is to control outcomes via the credit side of the capital stack — senior loans, mezzanine debt, and preferred equity — before considering outright equity investments.

### What types of real estate collateral does DFFA target?

DFFA focuses on commercial and multifamily properties where capital structure distress exists. Its historical activity includes non-performing multifamily loan portfolios in the Midwest, transitional office and retail assets in gateway cities, and construction loans that stalled mid-project. The unifying theme is dislocation rather than a specific property type.

### How does DFFA source its distressed loan acquisitions?

The firm acquires directly from regional and community banks seeking to clean up balance sheets, from special servicers managing CMBS delinquencies, and occasionally from other lenders exiting non-core positions. DFFA's ability to close quickly with verified capital gives it preferred buyer status in smaller portfolio sales where speed and certainty outweigh marginal price.

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- [Church Organizers Foundation](https://altss.com/profile/church-organizers-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/dffa-llc

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