Private Credit | Caldrion

Private Credit Investing at Caldrion

We originate and service senior secured loans backed by tangible assets and strong covenants.

Private Credit serves as the income-generating engine of our portfolio. As traditional banks retreat due to regulatory constraints, we step in to provide liquidity to high-quality borrowers who require speed, flexibility, or bespoke structuring.

We are fundamental, asset-focused lenders. Because we are also owners and operators of real assets, we possess the proprietary expertise to value collateral accurately. We focus exclusively on the top of the capital structure: Senior Secured and First Lien positions—ensuring principal protection through conservative advance rates and rigorous covenant packages. Our goal is not just yield; it is the absolute preservation of capital.

Where We Invest

We deploy capital into sectors where we have deep domain expertise, allowing us to underwrite complexity that automated bank algorithms reject.

1. Real Estate Bridge & Construction

Strategy: Transitional Lending We provide short-term financing for sponsors executing value-add business plans who need speed or flexibility beyond what commercial banks offer.
Loan Profile: Acquisition, Bridge-to-Perm, Construction Completion, and Heavy Renovation loans.
The Opportunity: Financing quality assets in transition—whether due to lease-up requirements, zoning changes, or renovation timelines—where the exit strategy is clear (sale or refinance).
Risk Mitigation: We lend at a conservative basis (low Loan-to-Cost) and retain strict control over construction draws, ensuring funds are only released as value is created.

2. Asset-Based Lending & Corporate

Strategy: Collateral-Backed Growth Capital We support lower-middle-market operating companies that are asset-rich but may have irregular cash flows or require capital for rapid expansion.
Loan Profile: Revolvers and Term Loans secured by Accounts Receivable, Inventory, Machinery & Equipment (M&E).
The Opportunity: Providing non-dilutive growth capital to founder-led businesses. We focus on liquidation value of the hard assets rather than just EBITDA multiples.
Risk Mitigation: Rigorous borrowing base monitoring and lockbox mechanisms to control cash receipts, ensuring we maintain a buffer between the loan balance and collateral value.

3. Specialty Finance & NAV Lending

Strategy: Complex & Structured Solutions We provide liquidity against esoteric or financial assets that require sophisticated underwriting, often lending to other investment funds or family offices.
Loan Profile: Net Asset Value (NAV) loans, Lender Finance (loan-on-loan), and royalties/contract monetization.
The Opportunity: Lending against a diversified pool of assets (such as a PE fund’s portfolio) or high-quality contractual cash flows that are uncorrelated to broader market volatility.
Risk Mitigation: Cross-collateralization across multiple assets and tight covenants regarding portfolio concentration and performance, ensuring multiple avenues of repayment.

Partnering with Caldrion

Lending Parameters
We are actively seeking origination opportunities that meet the following parameters. Brokers are protected.

Loan Size: $5M – $50M; Hold size up to $50M.
Geography: United States (Focus: Major Metros & Business-Friendly States).
Asset Types: Commercial Real Estate, Industrial Equipment, Corporate Receivables.
Position: 1st Lien Senior Secured (Select Mezzanine only with heavy control).
Pricing: SOFR + 600-900 bps (or Fixed Rate equivalent); 1-2% Origination Fee.
LTV / LTC: Max 75% LTC (Loan-to-Cost) / 65% LTV (Loan-to-Value).
Term: 12 – 36 Months (with extension options).

We excel at underwriting situations with tight timelines, complex borrower structures, or assets requiring operational turnaround—provided the collateral coverage is robust.

Why Borrow From Us?
Borrowers and intermediaries choose Caldrion because we act as a true partner, not a bureaucracy.

Certainty of Execution: We lend off our own balance sheet. We do not need to syndicate the loan to close. When we issue a term sheet, the capital is committed.
Structural Creativity: We don't have a rigid "box." We can structure interest reserves, earn-outs, or PIK (Payment in Kind) components to align with the borrower's cash flow.
Speed: We run a flat Investment Committee. We can move from term sheet to funding in as little as 2-3 weeks for straightforward collateral.

Submit a Loan Request

We are actively seeking to deploy capital into high-quality credit opportunities. We value the debt placement community and intermediaries as vital extensions of our team. When you bring a loan request to Caldrion, you can expect a streamlined review process, direct access to decision-makers, and a definitive "yes" or "no" within days.

Our Commitment to Intermediaries:

Broker Protection: We respect mandates and protect buy-side/debt brokers on introduced transactions.
Rapid Feedback: We understand that time is your most valuable asset. We aim to provide initial feedback or a Term Sheet within 48–72 hours of receiving a full package.
Certainty of Close: As a capitalized family office, we speak with our own money. We do not require outside investment committee approval to fund.

Submission Requirements:

Executive Summary / Deal Memo
Schedule of Collateral (Real Estate, A/R, Inventory)
Borrower/Sponsor Bio & Track Record
Sources & Uses of Funds
Please send all materials to credit@caldrion.com