About Our Firm
Calmwater is an experienced direct commercial real estate bridge lender based in Los Angeles. Founded in 2010, our investor base has grown to include state and international pension funds, top university endowments, and ultrahigh net worth individuals and family offices located both domestically and abroad.
With a focus on senior secured commercial real estate bridge loans between $7.5 and $100 million, we have originated $3.8* billion of senior and mezzanine loans as well as preferred equity investments over the past 12+ years with no loss of investor capital to date across 232* transactions. Calmwater Asset Management, LLC (dba Calmwater Capital), is an SEC Registered Investment Advisor.**
* Figures as of 12.31.2022
**Status as a SEC Registered Investment Advisor does not imply (1) a certain level of skill or training; and (2) that the SEC has endorsed or approved Calmwater Capital’s investment methodology or practices.
Calmwater Management, Inc. (“Calmwater Management”) is formed as a real estate lending platform of Karlin Asset Management, a Los Angeles based family office
Calmwater Management originates over $50M in loan commitments for the calendar year
Calmwater Management originates over $200M in loan commitments for the calendar year
Calmwater Asset Management, LLC (“Calmwater Capital”) is relaunched as an independent investment platform and closes on a $100M separate account with a top university endowment
Calmwater Capital becomes a Registered Investment Advisor and closes on a $636M co-mingled fund which includes state and international pension funds, top university endowments and family offices
Calmwater Capital surpasses $2B in total loan commitments since inception
Calmwater becomes a signatory to the UNPRI
Calmwater has an initial closing for Fund IV. Calmwater surpasses $3B in total loan origination as of May 2021
Our mature investment platform and national presence allow us to identify and capitalize on unique opportunities. We combine an institutional process with the flexibility of direct lending to take advantage of market inefficiencies, with an acute focus on downside protection and superior risk-adjusted returns for our investors, not just in good times, but across market cycles.
Calmwater Capital appreciates the increasing importance of environmental, social and governance (ESG) issues to both sponsors, managers and investors. Calmwater’s investment committee is committed to identifying and considering ESG risks and value creation opportunities in our investment strategy and underwriting process.
We will incorporate environmental, social, and corporate governance (ESG) issues into investment analysis and decision-making processes.
We will be active owners and incorporate ESG issues into our ownership policies and practices.
We will seek appropriate disclosure on ESG issues by the entities in which we invest.
We will promote acceptance and implementation of the Principles within the investment industry.
We will work together to enhance our effectiveness in implementing the Principles.
We will each report on our activities and progress towards implementing the Principles.
Working together with a sense of urgency
- Asset Management
- Investor Relations
Managing Director, Asset Management
Managing Director, Originations
Midwest, Southeast & Texas
Vice President, Originations
Southern California, Southwest & Mountain Regions
Associate, Investor Relations
Mark H. Sato
Chief Financial Officer
Lending Program & Terms →
Capital you need to realize your vision
Representative Transactions →
Servicing our clients nationwide