{"id":1004118696,"date":"2015-05-05T05:37:08","date_gmt":"2015-05-05T13:37:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004118696"},"modified":"2022-12-08T21:10:11","modified_gmt":"2022-12-09T05:10:11","slug":"karlin-real-estate-gives-birth-to-calmwater-capital","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/","title":{"rendered":"Karlin Real Estate Gives Birth to Calmwater Capital"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/i><\/p>\n

\"Larry<\/a>

Larry Grantham, Calmwater Capital<\/p><\/div>\n

Karlin Real Estate Lending has launched Calmwater Capital, a Los Angeles-based provider of commercial real estate debt.<\/p>\n

\u201cWe spun out of Karlin to become our own independent investment firm,\u201d Larry Grantham, Calmwater Capital\u2019s Schwab and portfolio manager, told Commercial Property Executive<\/i>. \u201cAfter four years of being part of Karlin, it just seemed like a natural step for us after you look at what we accomplished in those years. It was the next step in our continued growth.\u201d<\/p>\n

Since inception, it has made 79 senior and mezzanine loans totaling more than $900 million, and its current outstanding portfolio equals $657 million.<\/p>\n

\u201cWe\u2019ve experienced phenomenal loan growth and our real estate lending strategy and track record have delivered attractive returns,\u201d Grantham said. \u201cRaising our first third-party capital from a top-20 endowment in international banks is a further validation of our team\u2019s efforts and the culmination of all these factors just seemed like a good time to separate and become our own independent investment firm.\u201d<\/p>\n

David Cohen is now CEO of both Karlin Asset Management and Calmwater Capital, while Grantham will continue to oversee operations and the strategic direction of the lending practice under the Calmwater Capital banner.<\/p>\n

Calmwater Capital provides $5 to $50 million senior and mezzanine loans to office, industrial, retail, multi-family, hospitality, and land investors across the U.S.<\/p>\n

\u201cIt\u2019s the same team of people in the same office with the same investment approach on providing senior and mezzanine loans to sponsors buying or refinancing traditional assets,\u201d Grantham added. \u201cRaising third-party capital just gives up more flexibility and more firepower and further expands the types of deals we can do.\u201d<\/p>\n

Calmwater Capital closed six loans totaling $161 million in commitments in the first quarter of 2015. According to Grantham, the company is encouraged that strong demand for its debt products continues, and these new investment partners are reflective of its unique access to lending opportunities, rigorous underwriting and management, and solid financial results.<\/p>\n

\u201cWe\u2019re trying to make sure underwriting continues to play a critical role given where we are in the cycle,\u201d Grantham concluded. \u201cWhy we\u2019ve had a significant amount of success is we continue to execute on our investment strategy in being very responsive and creative with sponsors.\u201d<\/p>\n

In 2014, the company invested $360 million and the goal is to increase that number to more than $500 million this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Calmwater Capital wants to be its own independent investment firm.<\/p>\n","protected":false},"author":451,"featured_media":1004118699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004118696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"\nKarlin Real Estate Gives Birth to Calmwater Capital - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Karlin Real Estate Gives Birth to Calmwater Capital\" \/>\n<meta property=\"og:description\" content=\"Calmwater Capital wants to be its own independent investment firm.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-05T13:37:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:10:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Larry-Grantham.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"448\" \/>\n\t<meta property=\"og:image:height\" content=\"325\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/\",\"name\":\"Karlin Real Estate Gives Birth to Calmwater Capital - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Larry-Grantham.jpg\",\"datePublished\":\"2015-05-05T13:37:08+00:00\",\"dateModified\":\"2022-12-09T05:10:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Larry-Grantham.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Larry-Grantham.jpg\",\"width\":448,\"height\":325,\"caption\":\"Larry Grantham\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Karlin Real Estate Gives Birth to Calmwater Capital\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f\",\"name\":\"Keith Loria\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"caption\":\"Keith Loria\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/keith-loria\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Karlin Real Estate Gives Birth to Calmwater Capital - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/","og_locale":"en_US","og_type":"article","og_title":"Karlin Real Estate Gives Birth to Calmwater Capital","og_description":"Calmwater Capital wants to be its own independent investment firm.","og_url":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-05-05T13:37:08+00:00","article_modified_time":"2022-12-09T05:10:11+00:00","og_image":[{"width":448,"height":325,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Larry-Grantham.jpg","type":"image\/jpeg"}],"author":"Keith Loria","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/","url":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/","name":"Karlin Real Estate Gives Birth to Calmwater Capital - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Larry-Grantham.jpg","datePublished":"2015-05-05T13:37:08+00:00","dateModified":"2022-12-09T05:10:11+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Larry-Grantham.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Larry-Grantham.jpg","width":448,"height":325,"caption":"Larry Grantham"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-gives-birth-to-calmwater-capital\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Karlin Real Estate Gives Birth to Calmwater Capital"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f","name":"Keith Loria","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","caption":"Keith Loria"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/keith-loria\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Larry-Grantham.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004118696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/451"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004118696"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004118696\/revisions"}],"predecessor-version":[{"id":1004613737,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004118696\/revisions\/1004613737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004118699"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004118696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004118696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004118696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}