homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

July 25, 2019

Calmwater Capital to open Seattle office

Jordan

Previously known as Karlin Real Estate Lending, direct lender Calmwater Capital has opened a Seattle office led by Eric Jordan, who moves up from Calmwater's main office in Los Angeles.

Jordan said in a statement, “The Pacific Northwest is an active and growing market. We have already completed deals up here, and opening an office in Seattle will give us an on-the-ground presence to go after and service bridge loan financing for sponsors and projects in the Pacific Northwest.”

Calmwater specializes in senior and mezzanine financing. It began circa 2005 as a $1.7 billion family office to manage the wealth of the Michelson family. Gary Karlin Michelson is an orthopedic spinal surgeon who invented several spinal surgery devices. According to The New York Times, he sold most of those patents to Medronic in 2005 for $1.35 billion. Karlin Real Estate is a related investor.




Email or user name:
Password:
 
Forgot password? Click here.