Water

Lending Program

Overview

Nationwide with speed and certainty

Calmwater Capital’s lending platform has expanded beyond our Southern California headquarters to include satellite offices in the New York metro area. We have made investments in nearly all of the top 50 MSAs and have the capability to lend in all 50 states. We deploy fully discretionary balance sheet capital which allows us to act quickly and provides flexibility for complex or special situations. Our client-centered ethos means sponsors can expect a timely response to questions or concerns about their transaction and will always have direct access to decision-makers.

Property Types

  • Industrial
  • Multifamily
  • Residential
  • Retail
  • Self-Storage
  • Hospitality
  • Office
  • Special-use Assets

Transaction Types

  • Acquisitions
  • Refinancing
  • Recapitalizations
  • Reposition/Stabilization
  • Discounted payoffs (DPOs)
  • Note Purchases
  • Quick Close
  • Major Renovations/Conversions
  • Broken Condo Projects

Bridge & Senior Loan Terms*
Loan Amount $7.5 to $75 million
LTV/LTC Up to 75%
Interest Rate Starting at SOFR + 4.75%
Amortization Interest only
Recourse Non-recourse with standard carve-outs
Loan Term 2-3 years, including extensions
Closing As quickly as 2 weeks
Prepayment Open to prepayment subject to yield maintenance
Geographic Areas Top 50 MSAs in the United States
Minimum DSCR Ability to finance non-cash flowing property
Loan Costs Sponsor shall provide a refundable deposit upon mutual term sheet execution

*The terms listed are generally representative of our lending strategy but not wholly inclusive thereof. Every transaction is underwritten on a case-by-case basis and terms listed may not apply. Terms are subject to change. Loan may be arranged or made pursuant to the California Finance Lenders License Law

Representative Transactions

  • $14,130,000

    Hospitality & Retail | Laguna Beach, CA

  • $18,200,000

    Self-Storage | Van Nuys, CA

  • $41,900,000

    Industrial | San Diego, CA

  • $6,780,000

    Multifamily | Los Angeles, CA

  • $34,000,000

    Multifamily | Englewood, CO

  • $10,500,000

    Multifamily | Tempe, AZ

View All Transactions →

Originations Team