Calmwater Capital surpasses $241m for latest real estate credit fund

Calmwater Capital, a direct commercial real estate bridge lender based in Los Angeles, has locked in more than $241 million for its Calmwater Real Estate Credit Fund IV, according to a recent filing with the SEC.

The fund will invest in senior secured commercial real estate loans in the United States.

A fundraising target was not disclosed at the time of publication, however, the filing noted that 22 investors have contributed to the fundraise.

Calmwater’s investor base includes state and international pension funds, top university endowments, ultra-high-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 million and $100 million, the firm has originated $3.5 billion of senior and mezzanine loans, as of March 31.

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