This chapter is for the people on the other side of the table: borrowers, sponsors, founders, debt brokers and advisors. It explains how a request reaches us, how we review it, what a term sheet from us means and how the relationship works after funding. The rest of the knowledge base explains how private loans work in general. This chapter explains how they work with us.
Who we work with
We lend Caldrion’s own permanent capital. Caldrion is a single family office in New York: it invests only its own capital and has no outside investors. That shapes who we can help and how. We work with:
- Sponsors and borrowers seeking senior secured financing, often for real estate in transition. See real estate bridge and construction loans.
- Operating companies seeking asset-based loans secured by receivables, inventory and equipment. See asset-based lending explained.
- Owners of private investment portfolios seeking NAV loans. See NAV lending explained.
- Specialty lenders seeking lender finance. See lender finance explained.
- Owners of royalties and contractual cash flows. See royalty and contract monetization.
- Debt brokers, placement agents and advisors acting for any of the above.
The boundaries are our published criteria: loans of $5M–$50M, held on our balance sheet; first-lien, senior secured positions; borrowers and collateral in the United States, in major metros and business-friendly states; up to 75% loan-to-cost and up to 65% loan-to-value; terms of 12–36 months, with extension options; pricing of SOFR + 600–900 bps, or a fixed-rate equivalent; and an origination fee of 1–2%.
The six steps
Our process has six steps. They are the same for every loan type, though the work inside each step depends on the collateral.
| Step | What happens | Where to read more |
|---|---|---|
| Submit | You send the request through our form: the borrower, the collateral, the amount and what the loan is for. | How to request a loan |
| Initial review | Our credit team reviews the collateral, the borrower, the sources and uses of the loan and the path to repayment. | How we underwrite a loan |
| Feedback | A candid answer: interested, not interested or interested subject to specific questions. | How to request a loan |
| Term sheet | If there is a fit, we sign an NDA promptly, work through the questions that matter and propose terms approved by our investment committee. | From term sheet to funding |
| Diligence and documentation | Confirmatory diligence on the collateral and documentation by counsel. | Collateral valuation and diligence |
| Funding and servicing | We lend from our own balance sheet and service the loan ourselves. | From term sheet to funding |
On timing, our standard is exact: “We read every submission and aim to reply within a few business days of receiving a complete package, whether or not we proceed.” After that first answer, the pace is set mostly by the collateral. A stabilized property with clean title and recent third-party reports moves faster than a construction completion loan that needs a budget review, or an asset-based facility that needs a field examination before the first advance. We will tell you early which items sit on the critical path.
Who decides
“Decisions are made by a small internal investment committee that meets weekly. We need no outside approvals and no fundraising to close.” In practice this means the people you speak with in the first conversation are close to the people who approve the loan, and a term sheet from us is backed by capital on hand rather than capital still to be raised. We hold every loan we make. We do not originate to sell down or distribute, so there is no buyer whose appetite could change the terms between signing and closing.
For debt brokers and intermediaries
We value the debt placement community and other intermediaries as extensions of our team. Brokers are protected: we respect mandates and protect buy-side and debt brokers on introduced transactions. Tell us about the mandate when you submit, and send the request through the form so that it is recorded from the start. If a request is not for us, we say so early, so you can take it elsewhere without losing time.
After funding
The team that underwrites the loan is the team that services it. We originate, structure and service every loan directly, so reporting, draw requests, consents and extension requests come to people who already know the collateral and the plan. If a plan runs into trouble, the same people work through it with you. The next chapter, workouts and enforcement, explains how that conversation works and why early candor matters.
In this chapter
- How to request a loan: what to send: the published checklist, what a complete package looks like for each collateral type, and the most common reasons we decline.
- From term sheet to funding and servicing: what our term sheet covers, how confirmatory diligence and documentation run, the closing checklist and what servicing looks like over the life of the loan.
Before you start
Three things save the most time on both sides:
- Check fit first. Read the criteria and the focus areas. A request near the edge of a range is not automatically excluded, but one clearly outside it (unsecured, outside the United States, well beyond our size or leverage limits) is unlikely to suit us.
- Lead with the hard part. Tell us in the first conversation about the environmental issue, the litigation or the difficult year. Complexity does not disqualify a request. Surprises slow everything down.
- Give us a real timeline. If there is a hard date, such as an acquisition closing or a maturing loan, say so at the outset. We will be honest about whether we can meet it.
For a longer narrative version of this chapter, read our guide Bringing Caldrion a loan request. For examples of how requests become loans, see the case studies and the twelve loans compared.
This entry is general information as of November 2026, not investment, legal or tax advice, and not an offer of securities.