Calmwater Capital

#Bridgelender Calmwater has provided MODERNE Communities with $41.1 million in short-term debt to #refinance Moderne at Rocking K, a 224-home #buildtorent community outside of Tucson, AZ Malcolm Davies RJ Opeka Randy Bury Larry Grantham Zachary Novatt #CRE #CREfinance

Calmwater Capital has provided MODERNE Communities with a $41.1 million loan to refinance Moderne at Rocking K, a 224-home #buildtorent community near Tucson, AZ. Competition is scarce for similar product throughout the Tucson market which will only drive demand for Moderne. Moderne at Rocking K is filling a need for residential rentals that provide an alternative to apartment living. The nearest build-to-rent community is 12 miles away and there are only two properties expected to be delivered through the end of next year. Moderne saw tremendous lease-up velocity after the first phase was delivered as renters appreciated the opportunity to live in a home without the cost burden of home ownership. Now that all units are online, the property aims to achieve stabilized occupancy levels early next year. The financing was arranged by Malcolm Davies and RJ Opeka of WAY Capital, Inc. https://lnkd.in/eSResp2B Zachary Novatt, Larry Grantham, Randy Bury

Calmwater Capital provided Rhino Investments Group with the #financing they needed to acquire a well-located Food 4 Less-anchored #shoppingcenter in Cathedral City, near Palm Springs. We were able to?accommodate an evolving structure while the purchase agreement and due-diligence were being finalized. They are a repeat borrower with a successful track record of adding value through redevelopment, operational efficiency and improving the tenant mix. The Calmwater origination team included Managing Principal Larry Grantham; Director, and Head of Western US Originations Zachary Novatt; and Vice President, Underwriting DaJuan Bennett. Thank you to the Capital Markets at JLL team of Jeff Sause, Chad Morgan, Daniel Skerrett and Jalynn Borders for arranging the financing. #realestatecapital #CRE #realestatefinance #bridgelending

Please join us in our support of the Battle Against Breast Cancer, where proceeds from the golf tournament go to City of Hope for research and treatment of #breastcancer, which will be diagnosed in one out of every eight women in the United States. Thank you for your support. To sign up, sponsor or donate, go to https://lnkd.in/g9B3kz22

Calmwater. has provided LaTerra Development with a $18.2 million #constructionloan on a #selfstorage development in Van Nuys, CA. Calmwater's Western U.S. Originations Team was led by Director Zach Novatt. The JLL team of Stephen Van Leer, John Williamson, Brian Somoza and Chad Morgan arranged the financing https://lnkd.in/erMWcY_G #crefinance #commercialrealestate #CRE

Calmwater Vice President Ryan Altman led our origination team, that included Managing Principal Larry Grantham and VP of Underwriting Ryan Morrell on the $8.75 million loan to Capstone Equities to finance its acquisition of an 82,000-square-foot #industrial warehouse building in Orlando, FL. The financing was arranged by Jonathan Aghravi at JBA Equities, LLC #bridgelending #CRE #commercialrealestatefinance #directlending

Calmwater Capital provided Dornin Investment Group with $42 million #realestate loan to finance its acquisition of a non-performing note secured by a 250,000-square-foot industrial park in San Diego. Calmwater continues to see more opportunities to provide note-on-note financing, where our ability to move quickly and deliver certainty of close is paramount for both the seller and buyer who require discretion during due diligence and prioritize seamless execution. #bridgelender, #bridgelending, #Comercialrealestatefinance, #noteoonnotefinancing #CRE, https://lnkd.in/ecSjJCCG

Zachary Novatt led the Calmwater origination team on a $34 million #bridgeloan to The Prime Company to refinance Oxford Vista Apartments, a newly delivered 146-unit #multifamily community in the Denver suburb of Englewood, CO. Calmwater continues to see an increase in?demand for our bridge program to #refinance high-quality #commercialrealestate assets that need additional time to lease up or to season their existing rent roll. https://lnkd.in/ebD7-fW2 Larry Grantham, DaJuan Bennett

Calmwater, led by Director Zachary Novatt provided an Arizona-based private investment group with a two-year, $10.5 million #bridgeloan to #refinance a 65-unit #multifamily community in Tempe, AZ. The financing provides the sponsor an opportunity to continue improving the asset while preserving flexibility, which has become very important in the current market environment. https://lnkd.in/e52Vk4Gp #CRE, #realestatefinance, #realestatelending

Mortgage Bankers Association features Calmwater as Dealmaker of the Week for $12.5 million #bridgeloan that allowed West Hive Capital to seize on a #retail acquisition opportunity in Rancho Palos Verdes, CA. A portion of the #loan proceeds will fund an extensive renovation of the 1950's-vintage property that was owned by the seller for the past 60 years. https://lnkd.in/gtEYnawZ' #cre, #realestatefinance #RETwit #capitalmarkets, #crefinance