<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:76d5c700-c083-4701-b3f8-7351af7a8807,g:a35ee593-888d-42c1-ab22-770faecd5f35-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://caliberco.com/role/Cover" xlink:type="simple" xlink:href="cwd-20240331.xsd#Cover"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/Cover" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_7fe88565-e71c-424d-b508-c36c418dd8f9" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable_dc6d5c4e-76f0-4d75-b756-a936b73c55c3" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_7fe88565-e71c-424d-b508-c36c418dd8f9" xlink:to="loc_dei_DocumentInformationTable_dc6d5c4e-76f0-4d75-b756-a936b73c55c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_b76740b8-fb1e-41ec-a3b1-94bfcff76cb6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_dc6d5c4e-76f0-4d75-b756-a936b73c55c3" xlink:to="loc_us-gaap_StatementClassOfStockAxis_b76740b8-fb1e-41ec-a3b1-94bfcff76cb6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_67c0444a-dccc-43d1-a618-a3df2e67d7ef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_b76740b8-fb1e-41ec-a3b1-94bfcff76cb6" xlink:to="loc_us-gaap_ClassOfStockDomain_67c0444a-dccc-43d1-a618-a3df2e67d7ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonClassAMember_627c8a60-4a44-40f6-aba3-a6890ee8364d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonClassAMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_67c0444a-dccc-43d1-a618-a3df2e67d7ef" xlink:to="loc_us-gaap_CommonClassAMember_627c8a60-4a44-40f6-aba3-a6890ee8364d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonClassBMember_4097af15-0e54-4c97-9843-696adeb29804" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonClassBMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_67c0444a-dccc-43d1-a618-a3df2e67d7ef" xlink:to="loc_us-gaap_CommonClassBMember_4097af15-0e54-4c97-9843-696adeb29804" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_dc6d5c4e-76f0-4d75-b756-a936b73c55c3" xlink:to="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_8dc1761d-eff1-4549-81cd-c3dabaa38595" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_DocumentType_8dc1761d-eff1-4549-81cd-c3dabaa38595" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentQuarterlyReport_f1fa2c51-5a38-4092-94c7-3a549b2ec45f" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentQuarterlyReport"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_DocumentQuarterlyReport_f1fa2c51-5a38-4092-94c7-3a549b2ec45f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_9cdcfbf9-62a9-4db2-ba8b-c256c6fbae23" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_DocumentPeriodEndDate_9cdcfbf9-62a9-4db2-ba8b-c256c6fbae23" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport_71b78941-fade-4820-a35b-d2d639bba134" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_DocumentTransitionReport_71b78941-fade-4820-a35b-d2d639bba134" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_84045ce8-a50c-4f24-b4d1-5118850279ea" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityFileNumber_84045ce8-a50c-4f24-b4d1-5118850279ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_b6bebe2e-e99b-460a-a8cb-341a621c60b7" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityRegistrantName_b6bebe2e-e99b-460a-a8cb-341a621c60b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_fbf2fbcb-f287-4d4c-838a-58a2b7602be4" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityIncorporationStateCountryCode_fbf2fbcb-f287-4d4c-838a-58a2b7602be4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_c2103a91-ed94-4aec-a6e1-be33b2112454" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityTaxIdentificationNumber_c2103a91-ed94-4aec-a6e1-be33b2112454" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_aae66451-5884-4fb6-a40f-6242d39aabe2" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityAddressAddressLine1_aae66451-5884-4fb6-a40f-6242d39aabe2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2_8fc3a0c6-92c7-4e47-a3d4-2cacda617380" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityAddressAddressLine2_8fc3a0c6-92c7-4e47-a3d4-2cacda617380" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_14c6fcc3-cca1-4d93-9b52-e98795701c94" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityAddressCityOrTown_14c6fcc3-cca1-4d93-9b52-e98795701c94" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_2263c7d4-c53e-493b-802d-d08b910f4f16" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityAddressStateOrProvince_2263c7d4-c53e-493b-802d-d08b910f4f16" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_6e1f5691-10b0-4d0b-ad9f-8f5c676df01d" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityAddressPostalZipCode_6e1f5691-10b0-4d0b-ad9f-8f5c676df01d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_2dd14ba4-16ec-4d2f-8b7f-29763262d4e8" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_CityAreaCode_2dd14ba4-16ec-4d2f-8b7f-29763262d4e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_38159212-ddaa-4bc7-87fc-de3aa7f22ec9" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_LocalPhoneNumber_38159212-ddaa-4bc7-87fc-de3aa7f22ec9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_516177be-4f40-4b34-b548-186190ff79b1" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_Security12bTitle_516177be-4f40-4b34-b548-186190ff79b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_74c5a50e-cb2f-4327-b860-93559acd0658" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_TradingSymbol_74c5a50e-cb2f-4327-b860-93559acd0658" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_f2eb1fd5-c4a2-4b61-b9ef-689a8866c9b3" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_SecurityExchangeName_f2eb1fd5-c4a2-4b61-b9ef-689a8866c9b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus_e32b84b9-b19c-458a-b22e-acbfed2ed42b" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityCurrentReportingStatus_e32b84b9-b19c-458a-b22e-acbfed2ed42b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent_13e56867-b882-44a6-827f-78b06307a3d8" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityInteractiveDataCurrent_13e56867-b882-44a6-827f-78b06307a3d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory_638f3b9c-eaae-4068-861a-284dc40d99bb" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityFilerCategory_638f3b9c-eaae-4068-861a-284dc40d99bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntitySmallBusiness_37145621-c1cd-441d-925a-5fc0506a8b2d" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntitySmallBusiness_37145621-c1cd-441d-925a-5fc0506a8b2d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_d17afc13-5e12-417c-8023-7cba47164ecf" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityEmergingGrowthCompany_d17afc13-5e12-417c-8023-7cba47164ecf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityExTransitionPeriod_93c9ed3a-2fea-43f3-8424-35e14097cb0c" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityExTransitionPeriod"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityExTransitionPeriod_93c9ed3a-2fea-43f3-8424-35e14097cb0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany_85761b1d-cab1-4dbd-a711-82bb6de57205" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityShellCompany_85761b1d-cab1-4dbd-a711-82bb6de57205" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_9e22a07e-0835-4eb2-9e04-f3c4809c63fa" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_9e22a07e-0835-4eb2-9e04-f3c4809c63fa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_40b5f226-b8a4-49d0-9cc2-1a2d3580fa53" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_EntityCentralIndexKey_40b5f226-b8a4-49d0-9cc2-1a2d3580fa53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate_5f167436-65a0-44fd-b9b5-881e2777d104" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_CurrentFiscalYearEndDate_5f167436-65a0-44fd-b9b5-881e2777d104" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus_b4342dc3-63e8-485e-941f-304abae3d928" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus"/>
    <link:presentationArc order="29" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_DocumentFiscalYearFocus_b4342dc3-63e8-485e-941f-304abae3d928" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus_38bb887a-b697-4007-b7c0-00717d5cf044" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_DocumentFiscalPeriodFocus_38bb887a-b697-4007-b7c0-00717d5cf044" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_6e6c52f0-2696-4254-b542-0a5080ec16b8" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="31" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_d1e865d9-e371-42dc-a973-351264b2a124" xlink:to="loc_dei_AmendmentFlag_6e6c52f0-2696-4254-b542-0a5080ec16b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/CONSOLIDATEDBALANCESHEET" xlink:type="simple" xlink:href="cwd-20240331.xsd#CONSOLIDATEDBALANCESHEET"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/CONSOLIDATEDBALANCESHEET" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_69bb5ef9-cf04-48fd-8d14-754b5efc39dc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_5c7d807e-89b8-4169-8a2b-c3486bf85605" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_69bb5ef9-cf04-48fd-8d14-754b5efc39dc" xlink:to="loc_us-gaap_StatementTable_5c7d807e-89b8-4169-8a2b-c3486bf85605" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_dc4be805-3da9-4369-8359-3c96bca116d9" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5c7d807e-89b8-4169-8a2b-c3486bf85605" xlink:to="loc_srt_ConsolidatedEntitiesAxis_dc4be805-3da9-4369-8359-3c96bca116d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_7048bbd9-67ef-422d-b3c9-600ab31a3eec" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_dc4be805-3da9-4369-8359-3c96bca116d9" xlink:to="loc_srt_ConsolidatedEntitiesDomain_7048bbd9-67ef-422d-b3c9-600ab31a3eec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_7b8279ae-8e9e-4cb7-bfaf-4073ad61a75b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_7048bbd9-67ef-422d-b3c9-600ab31a3eec" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_7b8279ae-8e9e-4cb7-bfaf-4073ad61a75b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_14518ff9-c129-4c3e-a45f-c41899cbcd2e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_7048bbd9-67ef-422d-b3c9-600ab31a3eec" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_14518ff9-c129-4c3e-a45f-c41899cbcd2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_70ee7db1-20c2-4431-9cc4-3bde677423a9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5c7d807e-89b8-4169-8a2b-c3486bf85605" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_70ee7db1-20c2-4431-9cc4-3bde677423a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_3768c8ec-911a-4c6a-bca1-933e97501dc8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_70ee7db1-20c2-4431-9cc4-3bde677423a9" xlink:to="loc_us-gaap_RelatedPartyDomain_3768c8ec-911a-4c6a-bca1-933e97501dc8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonrelatedPartyMember_e935b379-df58-42e9-8c74-c42705d5ad56" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NonrelatedPartyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_3768c8ec-911a-4c6a-bca1-933e97501dc8" xlink:to="loc_us-gaap_NonrelatedPartyMember_e935b379-df58-42e9-8c74-c42705d5ad56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyMember_3c61cbec-dea7-44a5-9fde-0c9ebb103072" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_3768c8ec-911a-4c6a-bca1-933e97501dc8" xlink:to="loc_us-gaap_RelatedPartyMember_3c61cbec-dea7-44a5-9fde-0c9ebb103072" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_525e09e4-bb95-4bfd-8148-c6b5fb88367a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5c7d807e-89b8-4169-8a2b-c3486bf85605" xlink:to="loc_us-gaap_StatementClassOfStockAxis_525e09e4-bb95-4bfd-8148-c6b5fb88367a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_b1fc79ac-4053-448a-b8af-b8dd37fb28e1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_525e09e4-bb95-4bfd-8148-c6b5fb88367a" xlink:to="loc_us-gaap_ClassOfStockDomain_b1fc79ac-4053-448a-b8af-b8dd37fb28e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonClassAMember_566abe4b-d5d7-47f4-b68c-d798a5d87b03" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonClassAMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_b1fc79ac-4053-448a-b8af-b8dd37fb28e1" xlink:to="loc_us-gaap_CommonClassAMember_566abe4b-d5d7-47f4-b68c-d798a5d87b03" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonClassBMember_943f01b4-ab40-4e2e-8ed1-317cca9734c5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonClassBMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_b1fc79ac-4053-448a-b8af-b8dd37fb28e1" xlink:to="loc_us-gaap_CommonClassBMember_943f01b4-ab40-4e2e-8ed1-317cca9734c5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_79ab7bb4-d371-44cb-bd5c-bcb60f9f91f2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5c7d807e-89b8-4169-8a2b-c3486bf85605" xlink:to="loc_us-gaap_StatementLineItems_79ab7bb4-d371-44cb-bd5c-bcb60f9f91f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_79ab7bb4-d371-44cb-bd5c-bcb60f9f91f2" xlink:to="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Cash_37daea31-86db-4a3d-8d0b-de659bf37199" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Cash"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:to="loc_us-gaap_Cash_37daea31-86db-4a3d-8d0b-de659bf37199" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCash_c8065fb1-c358-4e8b-9607-91ba21a89303" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCash"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:to="loc_us-gaap_RestrictedCash_c8065fb1-c358-4e8b-9607-91ba21a89303" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_efa11bf4-fb96-48ac-8d7a-5d978557b8b2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateInvestmentPropertyNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_efa11bf4-fb96-48ac-8d7a-5d978557b8b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_60ce966e-1b5f-4ec3-ab42-1a27f676ef80" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:to="loc_us-gaap_NotesReceivableNet_60ce966e-1b5f-4ec3-ab42-1a27f676ef80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherReceivables_a5581016-1242-4402-bb6f-179da9277fe7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherReceivables"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:to="loc_us-gaap_OtherReceivables_a5581016-1242-4402-bb6f-179da9277fe7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestments_f626af35-0313-4333-93bc-a36aabcae8c7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestments"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:to="loc_us-gaap_EquityMethodInvestments_f626af35-0313-4333-93bc-a36aabcae8c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNet_ceab9cdc-f30e-4745-9ffe-41c67493e938" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsReceivableNet"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:to="loc_us-gaap_AccountsReceivableNet_ceab9cdc-f30e-4745-9ffe-41c67493e938" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_45c0928f-5bcb-482e-b4a3-b953ef9576f3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_45c0928f-5bcb-482e-b4a3-b953ef9576f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssets_14b87e27-f434-40aa-90dc-6af449b2c606" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PrepaidExpenseAndOtherAssets"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssets_14b87e27-f434-40aa-90dc-6af449b2c606" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_59694bcb-6a47-4526-8645-a1c480a4643b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Assets"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_f36f11d4-d774-4a52-a1d6-a7df51c86a10" xlink:to="loc_us-gaap_Assets_59694bcb-6a47-4526-8645-a1c480a4643b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_79ab7bb4-d371-44cb-bd5c-bcb60f9f91f2" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesPayable_e73c6ff3-7df1-4661-bcdf-14f63d7bfd6e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesPayable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_NotesPayable_e73c6ff3-7df1-4661-bcdf-14f63d7bfd6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_bb99cc35-80ba-456d-a625-38afb626f257" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_bb99cc35-80ba-456d-a625-38afb626f257" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilities_8d4c54b2-6b44-4db3-a268-7dfa8aeda12b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_OtherLiabilities_8d4c54b2-6b44-4db3-a268-7dfa8aeda12b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_2d842363-a1b4-44ce-bb23-c65954dbfa73" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_OperatingLeaseLiability_2d842363-a1b4-44ce-bb23-c65954dbfa73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_6f15ad46-08bf-4fa6-bbe2-6602a7e99c78" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Liabilities"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_Liabilities_6f15ad46-08bf-4fa6-bbe2-6602a7e99c78" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_c9dadbcf-d552-434c-9e4a-a7dbffdd1fdc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_CommitmentsAndContingencies_c9dadbcf-d552-434c-9e4a-a7dbffdd1fdc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_dc070b81-934a-48cf-9607-a50f1cab84ff" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockValue"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_CommonStockValue_dc070b81-934a-48cf-9607-a50f1cab84ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapital_ba807346-93bf-4a51-8db9-aa01d67286f6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapital"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_AdditionalPaidInCapital_ba807346-93bf-4a51-8db9-aa01d67286f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_74a33bae-8400-429c-bad7-ea08105cfc32" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_74a33bae-8400-429c-bad7-ea08105cfc32" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_7d5d93d6-968f-4840-be4b-e4ed1ca16256" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquity"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_StockholdersEquity_7d5d93d6-968f-4840-be4b-e4ed1ca16256" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterest_f61982d6-b9fa-4f6b-b157-ae0b03046878" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterest"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_MinorityInterest_f61982d6-b9fa-4f6b-b157-ae0b03046878" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_fcafc078-8038-4be0-b7aa-9501c5061ed9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_fcafc078-8038-4be0-b7aa-9501c5061ed9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_9d2dbe55-66fa-4e08-8302-129db79501e7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_c215ef89-809b-47fa-b25f-9741e8dce5a6" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_9d2dbe55-66fa-4e08-8302-129db79501e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/CONSOLIDATEDBALANCESHEETParenthetical" xlink:type="simple" xlink:href="cwd-20240331.xsd#CONSOLIDATEDBALANCESHEETParenthetical"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/CONSOLIDATEDBALANCESHEETParenthetical" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_ba196fa3-e1d3-485d-a12b-3778fddb6d16" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_c79cab46-b290-40b8-a078-1796e479b3e6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_ba196fa3-e1d3-485d-a12b-3778fddb6d16" xlink:to="loc_us-gaap_StatementTable_c79cab46-b290-40b8-a078-1796e479b3e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_15cfc0e5-0e48-479f-9280-ca12c5dd325a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_c79cab46-b290-40b8-a078-1796e479b3e6" xlink:to="loc_us-gaap_StatementClassOfStockAxis_15cfc0e5-0e48-479f-9280-ca12c5dd325a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_f9bd39de-cd87-478c-aa15-8e855905cf1a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_15cfc0e5-0e48-479f-9280-ca12c5dd325a" xlink:to="loc_us-gaap_ClassOfStockDomain_f9bd39de-cd87-478c-aa15-8e855905cf1a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonClassAMember_4ac67573-862b-4ac6-a92c-3657c82c579c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonClassAMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_f9bd39de-cd87-478c-aa15-8e855905cf1a" xlink:to="loc_us-gaap_CommonClassAMember_4ac67573-862b-4ac6-a92c-3657c82c579c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonClassBMember_6385d282-39d3-46a5-863e-5713645e052c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonClassBMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_f9bd39de-cd87-478c-aa15-8e855905cf1a" xlink:to="loc_us-gaap_CommonClassBMember_6385d282-39d3-46a5-863e-5713645e052c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_fe192f74-b660-455b-b2e4-f9704af1bdc8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_c79cab46-b290-40b8-a078-1796e479b3e6" xlink:to="loc_us-gaap_StatementLineItems_fe192f74-b660-455b-b2e4-f9704af1bdc8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_3dc435af-585f-44b3-84bc-aff8df9afdd0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_fe192f74-b660-455b-b2e4-f9704af1bdc8" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_3dc435af-585f-44b3-84bc-aff8df9afdd0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_ea383922-170b-4b91-86a0-2c23434bb2a6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesAuthorized"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_fe192f74-b660-455b-b2e4-f9704af1bdc8" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_ea383922-170b-4b91-86a0-2c23434bb2a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_0b97f9ac-ebc6-4285-9d53-5aa319b05f75" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_fe192f74-b660-455b-b2e4-f9704af1bdc8" xlink:to="loc_us-gaap_CommonStockSharesIssued_0b97f9ac-ebc6-4285-9d53-5aa319b05f75" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_57e5a376-f9a7-4b25-9ded-0139b9d63420" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_fe192f74-b660-455b-b2e4-f9704af1bdc8" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_57e5a376-f9a7-4b25-9ded-0139b9d63420" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS" xlink:type="simple" xlink:href="cwd-20240331.xsd#CONSOLIDATEDSTATEMENTSOFOPERATIONS"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementAbstract_f8ffb076-869c-44ca-b51a-c4b8feb971a8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_67f101d4-2667-40ad-bba9-99538ad26fa9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f8ffb076-869c-44ca-b51a-c4b8feb971a8" xlink:to="loc_us-gaap_StatementTable_67f101d4-2667-40ad-bba9-99538ad26fa9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis_6259b362-722f-413f-a69e-3bb3d9fcd4ae" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductOrServiceAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_67f101d4-2667-40ad-bba9-99538ad26fa9" xlink:to="loc_srt_ProductOrServiceAxis_6259b362-722f-413f-a69e-3bb3d9fcd4ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain_fb263b4a-fac8-4b24-a636-96d38b78fa0f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductsAndServicesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductOrServiceAxis_6259b362-722f-413f-a69e-3bb3d9fcd4ae" xlink:to="loc_srt_ProductsAndServicesDomain_fb263b4a-fac8-4b24-a636-96d38b78fa0f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetManagement1Member_a9ecaeb0-0547-49e5-aed1-b400b80a24c3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetManagement1Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_fb263b4a-fac8-4b24-a636-96d38b78fa0f" xlink:to="loc_us-gaap_AssetManagement1Member_a9ecaeb0-0547-49e5-aed1-b400b80a24c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentPerformanceMember_e4a15008-66a4-4819-9b26-94386273fe7c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentPerformanceMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_fb263b4a-fac8-4b24-a636-96d38b78fa0f" xlink:to="loc_us-gaap_InvestmentPerformanceMember_e4a15008-66a4-4819-9b26-94386273fe7c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_HotelMember_827c6148-e6f6-4774-a10b-659b12d6dcc7" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_HotelMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_fb263b4a-fac8-4b24-a636-96d38b78fa0f" xlink:to="loc_srt_HotelMember_827c6148-e6f6-4774-a10b-659b12d6dcc7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProductAndServiceOtherMember_e30337f1-db6e-4371-b65e-7e754b1af1bb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProductAndServiceOtherMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_fb263b4a-fac8-4b24-a636-96d38b78fa0f" xlink:to="loc_us-gaap_ProductAndServiceOtherMember_e30337f1-db6e-4371-b65e-7e754b1af1bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_a7bdcf6d-8ae2-4bed-afd1-f234af8541cb" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_67f101d4-2667-40ad-bba9-99538ad26fa9" xlink:to="loc_srt_ConsolidatedEntitiesAxis_a7bdcf6d-8ae2-4bed-afd1-f234af8541cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_415080bc-0537-403d-a2a3-b70d65eb29f3" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_a7bdcf6d-8ae2-4bed-afd1-f234af8541cb" xlink:to="loc_srt_ConsolidatedEntitiesDomain_415080bc-0537-403d-a2a3-b70d65eb29f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_2b44b440-1a64-40fa-95ea-b49833a79518" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_415080bc-0537-403d-a2a3-b70d65eb29f3" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_2b44b440-1a64-40fa-95ea-b49833a79518" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_4508bc55-45ce-4ea0-a8be-52745da363b2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_415080bc-0537-403d-a2a3-b70d65eb29f3" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_4508bc55-45ce-4ea0-a8be-52745da363b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_67f101d4-2667-40ad-bba9-99538ad26fa9" xlink:to="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesAbstract_38b0f787-562a-4ac3-b246-6d03a2e20e57" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_RevenuesAbstract_38b0f787-562a-4ac3-b246-6d03a2e20e57" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_2199315a-54e7-4670-94b9-069a471a7f79" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_38b0f787-562a-4ac3-b246-6d03a2e20e57" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_2199315a-54e7-4670-94b9-069a471a7f79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueNotFromContractWithCustomer_f7d626ac-ed06-446e-a92c-7b2da17ebaab" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueNotFromContractWithCustomer"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_38b0f787-562a-4ac3-b246-6d03a2e20e57" xlink:to="loc_us-gaap_RevenueNotFromContractWithCustomer_f7d626ac-ed06-446e-a92c-7b2da17ebaab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_e6703c71-488b-49a5-ae11-36bc2877e562" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_38b0f787-562a-4ac3-b246-6d03a2e20e57" xlink:to="loc_us-gaap_Revenues_e6703c71-488b-49a5-ae11-36bc2877e562" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpensesAbstract_3e7ea074-b48c-4761-bcf0-cf565c40bd3c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CostsAndExpensesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_CostsAndExpensesAbstract_3e7ea074-b48c-4761-bcf0-cf565c40bd3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingCostsAndExpenses_186a1881-7088-44a3-9a17-30099f1a7038" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingCostsAndExpenses"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_3e7ea074-b48c-4761-bcf0-cf565c40bd3c" xlink:to="loc_us-gaap_OperatingCostsAndExpenses_186a1881-7088-44a3-9a17-30099f1a7038" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_1d14624a-d1d2-4757-b348-b4db3d5fcaa1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_3e7ea074-b48c-4761-bcf0-cf565c40bd3c" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_1d14624a-d1d2-4757-b348-b4db3d5fcaa1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketingAndAdvertisingExpense_10a196ed-f79c-46e9-9100-3ef965551cad" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MarketingAndAdvertisingExpense"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_3e7ea074-b48c-4761-bcf0-cf565c40bd3c" xlink:to="loc_us-gaap_MarketingAndAdvertisingExpense_10a196ed-f79c-46e9-9100-3ef965551cad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_597421d8-74cc-407d-ba9b-364b0a9b6293" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_3e7ea074-b48c-4761-bcf0-cf565c40bd3c" xlink:to="loc_us-gaap_DepreciationAndAmortization_597421d8-74cc-407d-ba9b-364b0a9b6293" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostOfGoodsAndServicesSold_23e08e81-2bdf-44d4-be2b-1576709711e7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CostOfGoodsAndServicesSold"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_3e7ea074-b48c-4761-bcf0-cf565c40bd3c" xlink:to="loc_us-gaap_CostOfGoodsAndServicesSold_23e08e81-2bdf-44d4-be2b-1576709711e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherGeneralExpense_fc79cd77-f21e-4949-a54a-a0ef1c0f689d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherGeneralExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_3e7ea074-b48c-4761-bcf0-cf565c40bd3c" xlink:to="loc_us-gaap_OtherGeneralExpense_fc79cd77-f21e-4949-a54a-a0ef1c0f689d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_5caa54cf-c4d9-4604-9df1-03a346c04ef3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingExpenses"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_3e7ea074-b48c-4761-bcf0-cf565c40bd3c" xlink:to="loc_us-gaap_OperatingExpenses_5caa54cf-c4d9-4604-9df1-03a346c04ef3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_2f6c2fdf-9b7d-4e9b-88c9-b42c99149b7d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_2f6c2fdf-9b7d-4e9b-88c9-b42c99149b7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_59778553-1ec1-4f7c-8ef3-c0f81b89f32b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_InvestmentIncomeInterest_59778553-1ec1-4f7c-8ef3-c0f81b89f32b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_8898dbb6-e705-4652-a3a3-510402e234af" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_InterestExpense_8898dbb6-e705-4652-a3a3-510402e234af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_9823af3f-be17-45e8-881b-f8cc8b0ce967" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_9823af3f-be17-45e8-881b-f8cc8b0ce967" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_864ae9c8-d298-44f1-abd3-64ea1d64ac79" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_864ae9c8-d298-44f1-abd3-64ea1d64ac79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_b6126923-f56a-4bf9-a5a7-a37bfac3ac9c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_ProfitLoss_b6126923-f56a-4bf9-a5a7-a37bfac3ac9c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_b7fa9156-0cfb-4831-a9d6-b2874846a002" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_b7fa9156-0cfb-4831-a9d6-b2874846a002" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_c3961e30-bd74-45de-9fca-688cc2d8bc9b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_NetIncomeLoss_c3961e30-bd74-45de-9fca-688cc2d8bc9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_90d2f3c2-93c7-49f5-bf05-45e3252abb69" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_EarningsPerShareBasic_90d2f3c2-93c7-49f5-bf05-45e3252abb69" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_0481fb1a-712f-4fa2-aee0-6da1a3afda43" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_EarningsPerShareDiluted_0481fb1a-712f-4fa2-aee0-6da1a3afda43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_6814547c-80d5-4fab-988b-85da9f517cf2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a547153b-e566-456e-b4eb-3f087748c3e0" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_6814547c-80d5-4fab-988b-85da9f517cf2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_d4da64a1-05b7-46c1-b551-9cd3b8601c87" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_6814547c-80d5-4fab-988b-85da9f517cf2" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_d4da64a1-05b7-46c1-b551-9cd3b8601c87" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_9ea8265f-c2ef-459d-96f0-94e6e729eee9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_6814547c-80d5-4fab-988b-85da9f517cf2" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_9ea8265f-c2ef-459d-96f0-94e6e729eee9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY" xlink:type="simple" xlink:href="cwd-20240331.xsd#CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_0ed5fe26-5c08-447c-880d-60c449ddd146" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_98139ca0-168d-45e9-8b08-fe006fe1222c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_0ed5fe26-5c08-447c-880d-60c449ddd146" xlink:to="loc_us-gaap_StatementTable_98139ca0-168d-45e9-8b08-fe006fe1222c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_ec1f7acb-7ee8-4289-b287-fc6de5ddbaeb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_98139ca0-168d-45e9-8b08-fe006fe1222c" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_ec1f7acb-7ee8-4289-b287-fc6de5ddbaeb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_ea3551f8-5bed-4a7d-bb60-dcd71aa72b20" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_ec1f7acb-7ee8-4289-b287-fc6de5ddbaeb" xlink:to="loc_us-gaap_EquityComponentDomain_ea3551f8-5bed-4a7d-bb60-dcd71aa72b20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockMember_5c288caa-b78f-4d02-af4a-b6984b5b1a41" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_ea3551f8-5bed-4a7d-bb60-dcd71aa72b20" xlink:to="loc_us-gaap_PreferredStockMember_5c288caa-b78f-4d02-af4a-b6984b5b1a41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_ce862ac1-b8c9-4fb6-862b-fd97cfbb840c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_ea3551f8-5bed-4a7d-bb60-dcd71aa72b20" xlink:to="loc_us-gaap_CommonStockMember_ce862ac1-b8c9-4fb6-862b-fd97cfbb840c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_9732e591-7f82-4738-b067-d550f71f03c2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_ea3551f8-5bed-4a7d-bb60-dcd71aa72b20" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_9732e591-7f82-4738-b067-d550f71f03c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonMember_7d7ce6d4-ce06-470c-96c1-8205a55ae9d7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_ea3551f8-5bed-4a7d-bb60-dcd71aa72b20" xlink:to="loc_us-gaap_TreasuryStockCommonMember_7d7ce6d4-ce06-470c-96c1-8205a55ae9d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_1c1e2f22-c9e3-4019-ab36-7ae61760a329" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_ea3551f8-5bed-4a7d-bb60-dcd71aa72b20" xlink:to="loc_us-gaap_RetainedEarningsMember_1c1e2f22-c9e3-4019-ab36-7ae61760a329" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestMember_be5b9627-e4be-4465-bf17-ad1cf94e2d4a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncontrollingInterestMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_ea3551f8-5bed-4a7d-bb60-dcd71aa72b20" xlink:to="loc_us-gaap_NoncontrollingInterestMember_be5b9627-e4be-4465-bf17-ad1cf94e2d4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_10ba0806-a3de-41ce-a340-33a0c1164f92" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_98139ca0-168d-45e9-8b08-fe006fe1222c" xlink:to="loc_us-gaap_StatementClassOfStockAxis_10ba0806-a3de-41ce-a340-33a0c1164f92" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_9cd89ec9-4bcf-4eb9-85d8-790a53959f5d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_10ba0806-a3de-41ce-a340-33a0c1164f92" xlink:to="loc_us-gaap_ClassOfStockDomain_9cd89ec9-4bcf-4eb9-85d8-790a53959f5d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonClassAMember_6e5af1ad-4c32-4a39-b822-ebb8ae8dce09" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonClassAMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_9cd89ec9-4bcf-4eb9-85d8-790a53959f5d" xlink:to="loc_us-gaap_CommonClassAMember_6e5af1ad-4c32-4a39-b822-ebb8ae8dce09" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonClassBMember_3984cbbd-277f-43ab-bb73-cc9727e4bb5c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonClassBMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_9cd89ec9-4bcf-4eb9-85d8-790a53959f5d" xlink:to="loc_us-gaap_CommonClassBMember_3984cbbd-277f-43ab-bb73-cc9727e4bb5c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_d8a9b60f-ced2-45d1-97c0-be03fa06332d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_98139ca0-168d-45e9-8b08-fe006fe1222c" xlink:to="loc_us-gaap_StatementLineItems_d8a9b60f-ced2-45d1-97c0-be03fa06332d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_d8a9b60f-ced2-45d1-97c0-be03fa06332d" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_45cca6a1-1be6-45af-a0d8-38c60d2d334f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesOutstanding"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_45cca6a1-1be6-45af-a0d8-38c60d2d334f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_ea57766b-6f1a-4c76-9d72-6e14093fe25e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_ea57766b-6f1a-4c76-9d72-6e14093fe25e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_bce8ed9e-73c4-4bdd-b06b-a048cea9c972" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_bce8ed9e-73c4-4bdd-b06b-a048cea9c972" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_e935cb9f-ac10-49a9-b849-d50ea2618a9f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_e935cb9f-ac10-49a9-b849-d50ea2618a9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_014aaefa-aa91-45d2-86df-8e7f27490883" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_014aaefa-aa91-45d2-86df-8e7f27490883" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_381170c9-2190-4492-bdf7-99bd98fb48bf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_381170c9-2190-4492-bdf7-99bd98fb48bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodShares_a5c1396e-4341-42e4-bc26-4222a74e2a23" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockRepurchasedDuringPeriodShares"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_StockRepurchasedDuringPeriodShares_a5c1396e-4341-42e4-bc26-4222a74e2a23" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_47fb93fc-29ca-4830-8e66-80a7bf592d3f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_47fb93fc-29ca-4830-8e66-80a7bf592d3f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders_b8e52ded-4cae-46ee-8d05-3281505d4d0e" xlink:href="cwd-20240331.xsd#cwd_NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_cwd_NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders_b8e52ded-4cae-46ee-8d05-3281505d4d0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromRedemptions_547e0750-5c77-418c-b5bf-f6b043c7e82e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromRedemptions_547e0750-5c77-418c-b5bf-f6b043c7e82e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_9a78adae-8b3a-4ee8-ba21-00bdd1997ef3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_9a78adae-8b3a-4ee8-ba21-00bdd1997ef3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncontrollingInterestIncreaseFromConsolidation_6f4874d6-90f2-4921-9f43-2edf30b7b466" xlink:href="cwd-20240331.xsd#cwd_NoncontrollingInterestIncreaseFromConsolidation"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_cwd_NoncontrollingInterestIncreaseFromConsolidation_6f4874d6-90f2-4921-9f43-2edf30b7b466" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncontrollingInterestIncreaseFromDeconsolidation_986d73cd-f56c-437d-89e6-5f47d8cf0e9b" xlink:href="cwd-20240331.xsd#cwd_NoncontrollingInterestIncreaseFromDeconsolidation"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_cwd_NoncontrollingInterestIncreaseFromDeconsolidation_986d73cd-f56c-437d-89e6-5f47d8cf0e9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockRetiredParValueMethodAmount_970e4062-92c7-49cc-8219-aa4d8a888e96" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockRetiredParValueMethodAmount"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_TreasuryStockRetiredParValueMethodAmount_970e4062-92c7-49cc-8219-aa4d8a888e96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_03d10cfc-f17a-4c8a-89de-026ad4e5bb12" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_ProfitLoss_03d10cfc-f17a-4c8a-89de-026ad4e5bb12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_6c7d5b93-a694-4544-b415-5c0f43945be7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesOutstanding"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_6c7d5b93-a694-4544-b415-5c0f43945be7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_c6147c12-07b7-4106-a924-e711dc29713a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_c6147c12-07b7-4106-a924-e711dc29713a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3e604ab9-4fc0-479d-b17a-35087432daf3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_8d8e5311-a25b-4b3b-964d-a5f0afa79acf" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3e604ab9-4fc0-479d-b17a-35087432daf3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="simple" xlink:href="cwd-20240331.xsd#CONSOLIDATEDSTATEMENTSOFCASHFLOWS"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_b29108fc-c759-4bd0-92ea-fac6f65d974a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_6a80a30d-ce9a-44c4-b88f-4231f60f3354" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_b29108fc-c759-4bd0-92ea-fac6f65d974a" xlink:to="loc_us-gaap_StatementTable_6a80a30d-ce9a-44c4-b88f-4231f60f3354" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_66c23de9-d134-4b72-b710-9b3c172b2fb9" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6a80a30d-ce9a-44c4-b88f-4231f60f3354" xlink:to="loc_srt_ConsolidatedEntitiesAxis_66c23de9-d134-4b72-b710-9b3c172b2fb9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_f6384152-1df1-4bff-80c2-d808ccf345a6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_66c23de9-d134-4b72-b710-9b3c172b2fb9" xlink:to="loc_srt_ConsolidatedEntitiesDomain_f6384152-1df1-4bff-80c2-d808ccf345a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_128e9d38-20d7-4d56-b3c0-4491cd51b01d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_f6384152-1df1-4bff-80c2-d808ccf345a6" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_128e9d38-20d7-4d56-b3c0-4491cd51b01d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_88dea120-c5c8-450c-aa5e-620958e31d05" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_f6384152-1df1-4bff-80c2-d808ccf345a6" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_88dea120-c5c8-450c-aa5e-620958e31d05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_bda2fd9b-b002-4c71-9f1e-98d8f24fe14a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6a80a30d-ce9a-44c4-b88f-4231f60f3354" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_bda2fd9b-b002-4c71-9f1e-98d8f24fe14a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_0217b934-9e69-4fba-859a-555ee0ad1629" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_bda2fd9b-b002-4c71-9f1e-98d8f24fe14a" xlink:to="loc_us-gaap_RelatedPartyDomain_0217b934-9e69-4fba-859a-555ee0ad1629" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyMember_26e50fee-98d3-4090-950a-848c58ddf35f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_0217b934-9e69-4fba-859a-555ee0ad1629" xlink:to="loc_us-gaap_RelatedPartyMember_26e50fee-98d3-4090-950a-848c58ddf35f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonrelatedPartyMember_d7117aa9-3260-4184-b51b-4794274447c9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NonrelatedPartyMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_0217b934-9e69-4fba-859a-555ee0ad1629" xlink:to="loc_us-gaap_NonrelatedPartyMember_d7117aa9-3260-4184-b51b-4794274447c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_b5f88f63-d754-4b8b-be02-6ee0871d9d7b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6a80a30d-ce9a-44c4-b88f-4231f60f3354" xlink:to="loc_us-gaap_StatementLineItems_b5f88f63-d754-4b8b-be02-6ee0871d9d7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_8f258712-d45d-4720-b966-07c4e7fb906e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b5f88f63-d754-4b8b-be02-6ee0871d9d7b" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_8f258712-d45d-4720-b966-07c4e7fb906e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_92489edc-87f6-4bb1-bcf2-98694ffdfa80" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_8f258712-d45d-4720-b966-07c4e7fb906e" xlink:to="loc_us-gaap_ProfitLoss_92489edc-87f6-4bb1-bcf2-98694ffdfa80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_8f258712-d45d-4720-b966-07c4e7fb906e" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_1020feb0-6622-45d7-916d-e6d06351d697" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_1020feb0-6622-45d7-916d-e6d06351d697" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NonCashLeaseExpenseAndGainLossOnLeaseExtinguishment_83b8ab4f-9bb3-42bd-ba81-50facd3c1312" xlink:href="cwd-20240331.xsd#cwd_NonCashLeaseExpenseAndGainLossOnLeaseExtinguishment"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_cwd_NonCashLeaseExpenseAndGainLossOnLeaseExtinguishment_83b8ab4f-9bb3-42bd-ba81-50facd3c1312" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NonCashPerformanceAllocations_89e2a782-51d9-4f5c-9d88-c715907e2ada" xlink:href="cwd-20240331.xsd#cwd_NonCashPerformanceAllocations"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_cwd_NonCashPerformanceAllocations_89e2a782-51d9-4f5c-9d88-c715907e2ada" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_4eb373d5-dd3c-4355-8f51-f2cdd891f564" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensation"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_us-gaap_ShareBasedCompensation_4eb373d5-dd3c-4355-8f51-f2cdd891f564" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations_bc7d16d5-09de-4cc5-a23b-201f1de4f165" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations_bc7d16d5-09de-4cc5-a23b-201f1de4f165" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_4179f967-f7b2-4d29-9fe1-b50ef1b8b001" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_4179f967-f7b2-4d29-9fe1-b50ef1b8b001" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_18b5b2eb-3550-450b-80d6-946e1431e96f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfAboveAndBelowMarketLeases"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_18b5b2eb-3550-450b-80d6-946e1431e96f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_7009509e-4f2a-4d87-b3c3-a6430f73d8af" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_7009509e-4f2a-4d87-b3c3-a6430f73d8af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_43be9035-5646-49ce-8265-c2be9904cca0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrealizedGainLossOnDerivatives"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_us-gaap_UnrealizedGainLossOnDerivatives_43be9035-5646-49ce-8265-c2be9904cca0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_AmortizationOfAdvancedKeyMoney_d9508588-c81b-4acd-9409-219fd49e213a" xlink:href="cwd-20240331.xsd#cwd_AmortizationOfAdvancedKeyMoney"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_cwd_AmortizationOfAdvancedKeyMoney_d9508588-c81b-4acd-9409-219fd49e213a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DebtIssuanceCostsAmortizationAndWriteoffs_a258880a-9aa0-4918-93f5-7e3edfa44a71" xlink:href="cwd-20240331.xsd#cwd_DebtIssuanceCostsAmortizationAndWriteoffs"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_cwd_DebtIssuanceCostsAmortizationAndWriteoffs_a258880a-9aa0-4918-93f5-7e3edfa44a71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8e76152c-1421-4853-be11-c377af59b2c8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4a278c6c-6746-4c60-b61f-35ced4b179bf" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8e76152c-1421-4853-be11-c377af59b2c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_a07f4cef-8aec-4ad5-9408-02cd43f6b699" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8e76152c-1421-4853-be11-c377af59b2c8" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_a07f4cef-8aec-4ad5-9408-02cd43f6b699" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDueFromRelatedParties_fa7a1176-abe6-402e-aeb3-cb15e21b327c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInDueFromRelatedParties"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8e76152c-1421-4853-be11-c377af59b2c8" xlink:to="loc_us-gaap_IncreaseDecreaseInDueFromRelatedParties_fa7a1176-abe6-402e-aeb3-cb15e21b327c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_IncreaseDecreaseInPrepaidExpensesRightOfUseAssetsAndOtherAssets_5e5bdcfd-2040-4d7c-9182-d772fedeaca7" xlink:href="cwd-20240331.xsd#cwd_IncreaseDecreaseInPrepaidExpensesRightOfUseAssetsAndOtherAssets"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8e76152c-1421-4853-be11-c377af59b2c8" xlink:to="loc_cwd_IncreaseDecreaseInPrepaidExpensesRightOfUseAssetsAndOtherAssets_5e5bdcfd-2040-4d7c-9182-d772fedeaca7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_f7cb598b-6cc1-4cd2-b297-fdd8a836a726" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8e76152c-1421-4853-be11-c377af59b2c8" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_f7cb598b-6cc1-4cd2-b297-fdd8a836a726" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDueToRelatedParties_13e55d05-5d53-4acb-ba4f-79c6d27de4cb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInDueToRelatedParties"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8e76152c-1421-4853-be11-c377af59b2c8" xlink:to="loc_us-gaap_IncreaseDecreaseInDueToRelatedParties_13e55d05-5d53-4acb-ba4f-79c6d27de4cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingLeaseLiability_40896f9d-4876-45f5-8181-48418dc84f47" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOperatingLeaseLiability"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8e76152c-1421-4853-be11-c377af59b2c8" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingLeaseLiability_40896f9d-4876-45f5-8181-48418dc84f47" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f297154f-2976-4b88-b52c-c7bff45cb83a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_8f258712-d45d-4720-b966-07c4e7fb906e" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f297154f-2976-4b88-b52c-c7bff45cb83a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b5f88f63-d754-4b8b-be02-6ee0871d9d7b" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromRealEstateHeldforinvestment_97f7357d-187c-45b3-9dbd-dc6f00185db6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForProceedsFromRealEstateHeldforinvestment"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:to="loc_us-gaap_PaymentsForProceedsFromRealEstateHeldforinvestment_97f7357d-187c-45b3-9dbd-dc6f00185db6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireRealEstate_6c6c109c-3f7b-4c67-9c9d-ab2e3c74dc88" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireRealEstate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:to="loc_us-gaap_PaymentsToAcquireRealEstate_6c6c109c-3f7b-4c67-9c9d-ab2e3c74dc88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_5e423b28-ac7f-40d4-a4d6-08a5c574a391" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:to="loc_us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_5e423b28-ac7f-40d4-a4d6-08a5c574a391" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireEquityMethodInvestments_5f7a5f37-ad07-45a5-aa10-1ccf22f4d3dc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:to="loc_us-gaap_PaymentsToAcquireEquityMethodInvestments_5f7a5f37-ad07-45a5-aa10-1ccf22f4d3dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireNotesReceivable_662a0349-9d77-4108-a7bd-a532ff39f2f6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireNotesReceivable"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:to="loc_us-gaap_PaymentsToAcquireNotesReceivable_662a0349-9d77-4108-a7bd-a532ff39f2f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleAndCollectionOfNotesReceivable_4db4876b-5c1e-4f90-9198-ce8569636eb0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleAndCollectionOfNotesReceivable"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:to="loc_us-gaap_ProceedsFromSaleAndCollectionOfNotesReceivable_4db4876b-5c1e-4f90-9198-ce8569636eb0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_ProceedsFromConsolidationOfVariableInterestEntities_4e4aa65d-b91e-41de-aabb-3d1788af25f2" xlink:href="cwd-20240331.xsd#cwd_ProceedsFromConsolidationOfVariableInterestEntities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:to="loc_cwd_ProceedsFromConsolidationOfVariableInterestEntities_4e4aa65d-b91e-41de-aabb-3d1788af25f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_PaymentsForDeconsolidationOfVariableInterestEntities_46106559-1b55-4d0f-9b79-e002b2744c08" xlink:href="cwd-20240331.xsd#cwd_PaymentsForDeconsolidationOfVariableInterestEntities"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:to="loc_cwd_PaymentsForDeconsolidationOfVariableInterestEntities_46106559-1b55-4d0f-9b79-e002b2744c08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_b269d36e-ab9c-4255-910c-1f61cf2bfdfd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74382a60-f02d-4f10-a9e6-c44c48475c36" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_b269d36e-ab9c-4255-910c-1f61cf2bfdfd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_9b484151-b850-4fb1-a121-8c84c96adac2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b5f88f63-d754-4b8b-be02-6ee0871d9d7b" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_9b484151-b850-4fb1-a121-8c84c96adac2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDebtIssuanceCosts_3c82ee89-cf48-4a3f-a620-780ee95c64e7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsOfDebtIssuanceCosts"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_9b484151-b850-4fb1-a121-8c84c96adac2" xlink:to="loc_us-gaap_PaymentsOfDebtIssuanceCosts_3c82ee89-cf48-4a3f-a620-780ee95c64e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromNotesPayable_7248ebdb-d01a-41fe-bf37-7e57c6e88b56" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromNotesPayable"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_9b484151-b850-4fb1-a121-8c84c96adac2" xlink:to="loc_us-gaap_ProceedsFromNotesPayable_7248ebdb-d01a-41fe-bf37-7e57c6e88b56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfNotesPayable_6a535448-7a85-41db-98e6-d0a798266b31" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RepaymentsOfNotesPayable"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_9b484151-b850-4fb1-a121-8c84c96adac2" xlink:to="loc_us-gaap_RepaymentsOfNotesPayable_6a535448-7a85-41db-98e6-d0a798266b31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_eabc7f8d-9461-4985-b9b5-b30924a07b82" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_9b484151-b850-4fb1-a121-8c84c96adac2" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_eabc7f8d-9461-4985-b9b5-b30924a07b82" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromMinorityShareholders_c0704c73-5f97-4666-b208-656e2f076f92" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromMinorityShareholders"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_9b484151-b850-4fb1-a121-8c84c96adac2" xlink:to="loc_us-gaap_ProceedsFromMinorityShareholders_c0704c73-5f97-4666-b208-656e2f076f92" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_cd0169dc-5260-47e3-bfe9-b54e978e139b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_9b484151-b850-4fb1-a121-8c84c96adac2" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_cd0169dc-5260-47e3-bfe9-b54e978e139b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToMinorityShareholders_72162e68-2768-4d03-812a-536cc7100fb9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToMinorityShareholders"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_9b484151-b850-4fb1-a121-8c84c96adac2" xlink:to="loc_us-gaap_PaymentsToMinorityShareholders_72162e68-2768-4d03-812a-536cc7100fb9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_a8dfb6da-9eac-45dc-ab23-301dcbc8d0d2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_9b484151-b850-4fb1-a121-8c84c96adac2" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_a8dfb6da-9eac-45dc-ab23-301dcbc8d0d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_c3dfbee5-47c8-41b1-9a74-eb9d68e8c099" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b5f88f63-d754-4b8b-be02-6ee0871d9d7b" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_c3dfbee5-47c8-41b1-9a74-eb9d68e8c099" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_5e05c896-312a-4c23-b30f-4b30a46ca521" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b5f88f63-d754-4b8b-be02-6ee0871d9d7b" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_5e05c896-312a-4c23-b30f-4b30a46ca521" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_96a8feb6-2d6b-465c-8462-43fa25aa2916" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b5f88f63-d754-4b8b-be02-6ee0871d9d7b" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_96a8feb6-2d6b-465c-8462-43fa25aa2916" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_8b5288d5-4d75-41c6-8090-bc310d3f2214" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b5f88f63-d754-4b8b-be02-6ee0871d9d7b" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_8b5288d5-4d75-41c6-8090-bc310d3f2214" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_41954b88-dadc-4d87-8f41-9602911219db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_8b5288d5-4d75-41c6-8090-bc310d3f2214" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_41954b88-dadc-4d87-8f41-9602911219db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_3451133b-4e39-43e4-aa6f-dd5ff9ce6003" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_8b5288d5-4d75-41c6-8090-bc310d3f2214" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_3451133b-4e39-43e4-aa6f-dd5ff9ce6003" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_5d697d29-b0a8-4faa-9635-d86360ff4e0b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_8b5288d5-4d75-41c6-8090-bc310d3f2214" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_5d697d29-b0a8-4faa-9635-d86360ff4e0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_6826b8cb-46c7-4478-872c-4f9e1d51a8f1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_8b5288d5-4d75-41c6-8090-bc310d3f2214" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_6826b8cb-46c7-4478-872c-4f9e1d51a8f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_2523fa75-c4af-46aa-b0cc-f73414c1a8d2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_8b5288d5-4d75-41c6-8090-bc310d3f2214" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_2523fa75-c4af-46aa-b0cc-f73414c1a8d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_1918f8d4-f9be-43c0-86d5-449588ab4895" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_8b5288d5-4d75-41c6-8090-bc310d3f2214" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_1918f8d4-f9be-43c0-86d5-449588ab4895" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/OrganizationandLiquidity" xlink:type="simple" xlink:href="cwd-20240331.xsd#OrganizationandLiquidity"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/OrganizationandLiquidity" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_24d070a3-749b-47a9-aaa8-9a1539acd08d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_09fedfcf-6012-4a1b-b359-48f5f0ee1283" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_24d070a3-749b-47a9-aaa8-9a1539acd08d" xlink:to="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_09fedfcf-6012-4a1b-b359-48f5f0ee1283" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/SummaryofSignificantAccountingPolicies" xlink:type="simple" xlink:href="cwd-20240331.xsd#SummaryofSignificantAccountingPolicies"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/SummaryofSignificantAccountingPolicies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_a089c228-9040-4ca5-bb46-1ec34b803e38" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_058674d2-c347-439c-ac3c-e4f65c995f3c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SignificantAccountingPoliciesTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_a089c228-9040-4ca5-bb46-1ec34b803e38" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_058674d2-c347-439c-ac3c-e4f65c995f3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/VIEs" xlink:type="simple" xlink:href="cwd-20240331.xsd#VIEs"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/VIEs" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_666282fa-62b0-4874-b8e1-d8aec4f9dc39" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_a842f267-2c50-4ebb-80cb-c4cdf456c928" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_666282fa-62b0-4874-b8e1-d8aec4f9dc39" xlink:to="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_a842f267-2c50-4ebb-80cb-c4cdf456c928" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RealEstateInvestments" xlink:type="simple" xlink:href="cwd-20240331.xsd#RealEstateInvestments"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RealEstateInvestments" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_5114ec3b-9a2d-4b46-abe3-21b1c67217f2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateDisclosureTextBlock_c6e843b8-6cd5-4abc-922f-20afbfe44cd0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_5114ec3b-9a2d-4b46-abe3-21b1c67217f2" xlink:to="loc_us-gaap_RealEstateDisclosureTextBlock_c6e843b8-6cd5-4abc-922f-20afbfe44cd0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/PrepaidandOtherAssets" xlink:type="simple" xlink:href="cwd-20240331.xsd#PrepaidandOtherAssets"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/PrepaidandOtherAssets" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_a367e39e-e067-40a8-9aba-3f4ffb2f2a59" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_PrepaidExpensesAndOtherAssetsDisclosureTextBlock_fbb96fc3-3fef-4f45-8bbe-696f88db87ac" xlink:href="cwd-20240331.xsd#cwd_PrepaidExpensesAndOtherAssetsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_a367e39e-e067-40a8-9aba-3f4ffb2f2a59" xlink:to="loc_cwd_PrepaidExpensesAndOtherAssetsDisclosureTextBlock_fbb96fc3-3fef-4f45-8bbe-696f88db87ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/NotesPayable" xlink:type="simple" xlink:href="cwd-20240331.xsd#NotesPayable"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/NotesPayable" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_436c2bd7-7e55-4736-999a-f38ca5a4b7a8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_112ded53-92d9-49c0-8445-7b8d6e0ecaf6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_436c2bd7-7e55-4736-999a-f38ca5a4b7a8" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_112ded53-92d9-49c0-8445-7b8d6e0ecaf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RelatedPartyTransactions" xlink:type="simple" xlink:href="cwd-20240331.xsd#RelatedPartyTransactions"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RelatedPartyTransactions" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_551b4955-e8b6-49f8-a116-a3c3eb25b71a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_d2a0e148-1d08-449f-9dba-cd0f97b2aa9d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_551b4955-e8b6-49f8-a116-a3c3eb25b71a" xlink:to="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_d2a0e148-1d08-449f-9dba-cd0f97b2aa9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/Leases" xlink:type="simple" xlink:href="cwd-20240331.xsd#Leases"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/Leases" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_52132114-dadb-484e-b2a0-b810b019ee91" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeasesOfLessorDisclosureTextBlock_0b143b77-42d9-433d-bc04-4a2a68daa824" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeasesOfLessorDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_52132114-dadb-484e-b2a0-b810b019ee91" xlink:to="loc_us-gaap_OperatingLeasesOfLessorDisclosureTextBlock_0b143b77-42d9-433d-bc04-4a2a68daa824" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/OtherLiabilities" xlink:type="simple" xlink:href="cwd-20240331.xsd#OtherLiabilities"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/OtherLiabilities" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_a083466f-1c61-425f-b4c7-31f88febe73d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureTextBlock_5d90cede-9aa8-46e3-a1ed-d5ad0b6c5c2f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilitiesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_a083466f-1c61-425f-b4c7-31f88febe73d" xlink:to="loc_us-gaap_OtherLiabilitiesDisclosureTextBlock_5d90cede-9aa8-46e3-a1ed-d5ad0b6c5c2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/SupplementalCashFlowDisclosures" xlink:type="simple" xlink:href="cwd-20240331.xsd#SupplementalCashFlowDisclosures"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/SupplementalCashFlowDisclosures" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_e212ee91-d4e7-4397-af68-bb0707178753" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SupplementalCashFlowInformationAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowSupplementalDisclosuresTextBlock_39caedd5-5464-4d51-bf4f-09822fba3b3c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashFlowSupplementalDisclosuresTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_e212ee91-d4e7-4397-af68-bb0707178753" xlink:to="loc_us-gaap_CashFlowSupplementalDisclosuresTextBlock_39caedd5-5464-4d51-bf4f-09822fba3b3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/CommitmentsandContingencies" xlink:type="simple" xlink:href="cwd-20240331.xsd#CommitmentsandContingencies"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/CommitmentsandContingencies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_c0133924-a57b-4095-a025-db9113e4d468" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_1243c8df-0efb-4ec4-88fd-651a81e6c9c4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_c0133924-a57b-4095-a025-db9113e4d468" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_1243c8df-0efb-4ec4-88fd-651a81e6c9c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/NetIncomeLossPerShare" xlink:type="simple" xlink:href="cwd-20240331.xsd#NetIncomeLossPerShare"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/NetIncomeLossPerShare" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_5dc1e7d4-ab21-43ec-88a0-d974d7cfd0e0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_83b80e76-d7ea-411f-aaec-fd392b99d102" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_5dc1e7d4-ab21-43ec-88a0-d974d7cfd0e0" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_83b80e76-d7ea-411f-aaec-fd392b99d102" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/FairValueofFinancialInstruments" xlink:type="simple" xlink:href="cwd-20240331.xsd#FairValueofFinancialInstruments"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/FairValueofFinancialInstruments" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_33428175-5229-4177-afec-79629826f53c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock_3286dd7e-998e-4b7e-9095-53abf5f0a830" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_33428175-5229-4177-afec-79629826f53c" xlink:to="loc_us-gaap_FairValueDisclosuresTextBlock_3286dd7e-998e-4b7e-9095-53abf5f0a830" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/DerivativeInstruments" xlink:type="simple" xlink:href="cwd-20240331.xsd#DerivativeInstruments"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/DerivativeInstruments" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_d41123aa-2f01-4819-acfc-a7908bab5045" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_61128721-5fc7-46c9-8e37-89ec162d7b44" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_d41123aa-2f01-4819-acfc-a7908bab5045" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_61128721-5fc7-46c9-8e37-89ec162d7b44" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/SubsequentEvents" xlink:type="simple" xlink:href="cwd-20240331.xsd#SubsequentEvents"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/SubsequentEvents" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsAbstract_d552fb58-f231-4f44-a675-b324056d5341" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsTextBlock_b92f8c4d-2dbc-4df8-9e62-58e728f5a7f0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventsAbstract_d552fb58-f231-4f44-a675-b324056d5341" xlink:to="loc_us-gaap_SubsequentEventsTextBlock_b92f8c4d-2dbc-4df8-9e62-58e728f5a7f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="simple" xlink:href="cwd-20240331.xsd#SummaryofSignificantAccountingPoliciesPolicies"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_3a2d1caf-4aed-46c5-a067-4ddba7a54546" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_3a2d1caf-4aed-46c5-a067-4ddba7a54546" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationVariableInterestEntityPolicy_50354a37-33fe-444f-acd0-4dd947d4ad62" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConsolidationVariableInterestEntityPolicy"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_ConsolidationVariableInterestEntityPolicy_50354a37-33fe-444f-acd0-4dd947d4ad62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_5c5d5f90-89d9-421d-87e0-adfd6c905f31" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConsolidationPolicyTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_5c5d5f90-89d9-421d-87e0-adfd6c905f31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PriorPeriodReclassificationAdjustmentDescription_84d843b9-8494-4ab1-98d1-48d89dcbe62a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PriorPeriodReclassificationAdjustmentDescription"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_PriorPeriodReclassificationAdjustmentDescription_84d843b9-8494-4ab1-98d1-48d89dcbe62a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UseOfEstimates_60b6bb01-6eb5-44c8-82df-f3680c0517bf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UseOfEstimates"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_UseOfEstimates_60b6bb01-6eb5-44c8-82df-f3680c0517bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock_43f843d5-6d32-4039-8c62-b5244680f501" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock_43f843d5-6d32-4039-8c62-b5244680f501" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_0d684ac7-2ae9-4a16-92df-3d801b4490fa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_0d684ac7-2ae9-4a16-92df-3d801b4490fa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentsPolicy_d063eda3-aba9-41b8-be24-73d365b93022" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestmentsPolicy"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_EquityMethodInvestmentsPolicy_d063eda3-aba9-41b8-be24-73d365b93022" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock_2e5f506f-87c9-427d-bacd-3a66dea40f75" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock_2e5f506f-87c9-427d-bacd-3a66dea40f75" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_1ad275cb-5a20-4f42-9020-ee7221085b9f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_1ad275cb-5a20-4f42-9020-ee7221085b9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConcentrationRiskCreditRisk_522eb02f-891b-4737-83ff-1682595c0da6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConcentrationRiskCreditRisk"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_ConcentrationRiskCreditRisk_522eb02f-891b-4737-83ff-1682595c0da6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy_e0b25231-a5d4-437d-9160-430ef594ae1e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy_e0b25231-a5d4-437d-9160-430ef594ae1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerPolicyTextBlock_d76f8fab-5e72-4346-8d0d-6fc0acccb3f2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromContractWithCustomerPolicyTextBlock"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerPolicyTextBlock_d76f8fab-5e72-4346-8d0d-6fc0acccb3f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorLeasesPolicyTextBlock_fa0bbefd-8ad9-4f98-995a-d41de0390caf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorLeasesPolicyTextBlock"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_LessorLeasesPolicyTextBlock_fa0bbefd-8ad9-4f98-995a-d41de0390caf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeLeasesPolicyTextBlock_e03805e2-ec11-4240-b4d8-8ffbe0fb713a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeLeasesPolicyTextBlock"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_LesseeLeasesPolicyTextBlock_e03805e2-ec11-4240-b4d8-8ffbe0fb713a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradeAndOtherAccountsReceivablePolicy_11bd5582-d192-4a99-bca4-24d87534bbeb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TradeAndOtherAccountsReceivablePolicy"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_TradeAndOtherAccountsReceivablePolicy_11bd5582-d192-4a99-bca4-24d87534bbeb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_BusinessCombinationsAndAssetAcquisitionsPolicyPolicyTextBlock_c99e5068-62d5-4ae0-8264-830c78f7c5db" xlink:href="cwd-20240331.xsd#cwd_BusinessCombinationsAndAssetAcquisitionsPolicyPolicyTextBlock"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_cwd_BusinessCombinationsAndAssetAcquisitionsPolicyPolicyTextBlock_c99e5068-62d5-4ae0-8264-830c78f7c5db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredChargesPolicyTextBlock_19e19c4f-bba4-4af7-a798-ed56087b2611" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredChargesPolicyTextBlock"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_DeferredChargesPolicyTextBlock_19e19c4f-bba4-4af7-a798-ed56087b2611" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueRecognitionPolicyTextBlock_1a12139b-ad06-4dfe-9900-8faeab229b88" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueRecognitionPolicyTextBlock"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_RevenueRecognitionPolicyTextBlock_1a12139b-ad06-4dfe-9900-8faeab229b88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativesPolicyTextBlock_94f050be-046b-4bb1-8737-5cda7dd3a14d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativesPolicyTextBlock"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_DerivativesPolicyTextBlock_94f050be-046b-4bb1-8737-5cda7dd3a14d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy_31851117-d8be-4307-912f-a6b2488cfec3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy_31851117-d8be-4307-912f-a6b2488cfec3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_811edc23-6353-4308-8825-53fb01555c62" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementPolicyPolicyTextBlock"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_811edc23-6353-4308-8825-53fb01555c62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_1b52a18f-be20-4135-a755-9595388eb17a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2459b736-b3ab-4b8a-b417-d9052ba6b96b" xlink:to="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_1b52a18f-be20-4135-a755-9595388eb17a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#SummaryofSignificantAccountingPoliciesTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_e7cfd9fe-5864-49a1-b711-af7307bd3194" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTextBlock_a6c60f1e-3c2e-4a3b-936c-7c38398f0290" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_e7cfd9fe-5864-49a1-b711-af7307bd3194" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTextBlock_a6c60f1e-3c2e-4a3b-936c-7c38398f0290" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/VIEsTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#VIEsTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/VIEsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_d2e72c2e-47e4-42dc-9631-0d57cedd24a6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_9aed65c9-789e-4060-8bcc-d5b8ecd00647" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_d2e72c2e-47e4-42dc-9631-0d57cedd24a6" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_9aed65c9-789e-4060-8bcc-d5b8ecd00647" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RealEstateInvestmentsTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#RealEstateInvestmentsTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RealEstateInvestmentsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_3eb6203b-af55-4179-833b-75d737c28992" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionTableTextBlock_ab22802a-67be-4c33-a4d4-cecfa57e8c31" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetAcquisitionTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_3eb6203b-af55-4179-833b-75d737c28992" xlink:to="loc_us-gaap_AssetAcquisitionTableTextBlock_ab22802a-67be-4c33-a4d4-cecfa57e8c31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/PrepaidandOtherAssetsTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#PrepaidandOtherAssetsTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/PrepaidandOtherAssetsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_8e6a8ce0-feb2-45f1-947d-cf72bd004b51" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_3ce370c6-4edd-467e-b0d9-e77485a2c1f0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_8e6a8ce0-feb2-45f1-947d-cf72bd004b51" xlink:to="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_3ce370c6-4edd-467e-b0d9-e77485a2c1f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/NotesPayableTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#NotesPayableTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/NotesPayableTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_3ad3c590-8af8-46b4-b2c9-a6556ca4bbee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_ee1a367b-31cf-4828-ae45-c083d617d9f8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_3ad3c590-8af8-46b4-b2c9-a6556ca4bbee" xlink:to="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_ee1a367b-31cf-4828-ae45-c083d617d9f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_ba249d5f-3164-4f36-91a3-ea5ce83b5862" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_3ad3c590-8af8-46b4-b2c9-a6556ca4bbee" xlink:to="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_ba249d5f-3164-4f36-91a3-ea5ce83b5862" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RelatedPartyTransactionsTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#RelatedPartyTransactionsTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RelatedPartyTransactionsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_deaf03e6-2dec-4c5f-b83d-0b2c90acd69a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_2d041891-2503-438c-bddf-1ffad69bb0ec" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_deaf03e6-2dec-4c5f-b83d-0b2c90acd69a" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_2d041891-2503-438c-bddf-1ffad69bb0ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_11c3a965-4d90-490b-9974-f61a2ac56ebc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_deaf03e6-2dec-4c5f-b83d-0b2c90acd69a" xlink:to="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_11c3a965-4d90-490b-9974-f61a2ac56ebc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/LeasesTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#LeasesTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/LeasesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_8282c33e-5c24-4311-b96c-9fe25d1b5250" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_01cbf2d8-bced-4f31-86b6-d1fcfe16a496" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_8282c33e-5c24-4311-b96c-9fe25d1b5250" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_01cbf2d8-bced-4f31-86b6-d1fcfe16a496" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncomeTableTextBlock_6339c64a-24df-4cab-ac8b-a41e9113d14f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLeaseIncomeTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_8282c33e-5c24-4311-b96c-9fe25d1b5250" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncomeTableTextBlock_6339c64a-24df-4cab-ac8b-a41e9113d14f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/OtherLiabilitiesTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#OtherLiabilitiesTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/OtherLiabilitiesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_0c5fecd4-c4b7-445f-9877-8d18c1c854f9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesTableTextBlock_22b63d7f-6ef9-4b8b-92a4-912b2de92fc1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilitiesTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_0c5fecd4-c4b7-445f-9877-8d18c1c854f9" xlink:to="loc_us-gaap_OtherLiabilitiesTableTextBlock_22b63d7f-6ef9-4b8b-92a4-912b2de92fc1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/SupplementalCashFlowDisclosuresTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#SupplementalCashFlowDisclosuresTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/SupplementalCashFlowDisclosuresTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_f6935c54-ca5a-499a-9e43-20830c6f97ae" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SupplementalCashFlowInformationAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_4b6d210d-159d-45e6-a2a6-4c747e44f07f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_f6935c54-ca5a-499a-9e43-20830c6f97ae" xlink:to="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_4b6d210d-159d-45e6-a2a6-4c747e44f07f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/NetIncomeLossPerShareTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#NetIncomeLossPerShareTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/NetIncomeLossPerShareTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_e0b8c662-fa4a-4eba-a493-b4906b500bb6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_42419c5f-7549-46fb-bd9f-cf83f9909bd2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_e0b8c662-fa4a-4eba-a493-b4906b500bb6" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_42419c5f-7549-46fb-bd9f-cf83f9909bd2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_8c412f56-9102-429a-9fca-f00d9e3142fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_e0b8c662-fa4a-4eba-a493-b4906b500bb6" xlink:to="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_8c412f56-9102-429a-9fca-f00d9e3142fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/FairValueofFinancialInstrumentsTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#FairValueofFinancialInstrumentsTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/FairValueofFinancialInstrumentsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_b21f45b3-3a7c-4a3b-a217-1f5916f4365a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_0605c31a-786f-4393-990d-152283136c66" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_b21f45b3-3a7c-4a3b-a217-1f5916f4365a" xlink:to="loc_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_0605c31a-786f-4393-990d-152283136c66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/DerivativeInstrumentsTables" xlink:type="simple" xlink:href="cwd-20240331.xsd#DerivativeInstrumentsTables"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/DerivativeInstrumentsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_77ecf75f-30ab-4dcc-b2bc-9668381ba066" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_6def2a30-09a9-4394-835f-92119e954e66" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_77ecf75f-30ab-4dcc-b2bc-9668381ba066" xlink:to="loc_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_6def2a30-09a9-4394-835f-92119e954e66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_b7b18cf3-4abe-466a-a437-30956f4cdd36" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_77ecf75f-30ab-4dcc-b2bc-9668381ba066" xlink:to="loc_us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_b7b18cf3-4abe-466a-a437-30956f4cdd36" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_b201bc2b-9152-4a88-9aee-1989c7e0fe4e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_77ecf75f-30ab-4dcc-b2bc-9668381ba066" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_b201bc2b-9152-4a88-9aee-1989c7e0fe4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/OrganizationandLiquidityDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#OrganizationandLiquidityDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/OrganizationandLiquidityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_ddd1e612-5cb3-4818-9f39-dbc23ebdb081" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_OrganizationAndLiquidityTable_868c81d3-0a95-4b5d-9583-2ae7a75746bb" xlink:href="cwd-20240331.xsd#cwd_OrganizationAndLiquidityTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_ddd1e612-5cb3-4818-9f39-dbc23ebdb081" xlink:to="loc_cwd_OrganizationAndLiquidityTable_868c81d3-0a95-4b5d-9583-2ae7a75746bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_70f4c0d5-39f1-4b3a-bc2d-b47e0bab07ee" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_OrganizationAndLiquidityTable_868c81d3-0a95-4b5d-9583-2ae7a75746bb" xlink:to="loc_srt_ConsolidatedEntitiesAxis_70f4c0d5-39f1-4b3a-bc2d-b47e0bab07ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_1c5fdaf8-d5e6-4c81-8efd-a2b11c0328b9" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_70f4c0d5-39f1-4b3a-bc2d-b47e0bab07ee" xlink:to="loc_srt_ConsolidatedEntitiesDomain_1c5fdaf8-d5e6-4c81-8efd-a2b11c0328b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_6bbdfef5-b632-4cbf-9b77-f986a6b3d199" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_1c5fdaf8-d5e6-4c81-8efd-a2b11c0328b9" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_6bbdfef5-b632-4cbf-9b77-f986a6b3d199" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_e3f35b61-2e1f-4bde-ae8b-a0600d2655a9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_1c5fdaf8-d5e6-4c81-8efd-a2b11c0328b9" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_e3f35b61-2e1f-4bde-ae8b-a0600d2655a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_00f0952b-02fd-4c7b-b282-01f6a4d2d74b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_OrganizationAndLiquidityTable_868c81d3-0a95-4b5d-9583-2ae7a75746bb" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_00f0952b-02fd-4c7b-b282-01f6a4d2d74b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_89f020f3-0546-487b-88fb-0dcd430e87f2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_00f0952b-02fd-4c7b-b282-01f6a4d2d74b" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_89f020f3-0546-487b-88fb-0dcd430e87f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPayableMember_7767c249-41a8-4a21-9eb7-26ed3030d998" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LoansPayableMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_89f020f3-0546-487b-88fb-0dcd430e87f2" xlink:to="loc_us-gaap_LoansPayableMember_7767c249-41a8-4a21-9eb7-26ed3030d998" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_98c618ea-34a7-4030-81c8-ac70524855a2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventTypeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_OrganizationAndLiquidityTable_868c81d3-0a95-4b5d-9583-2ae7a75746bb" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_98c618ea-34a7-4030-81c8-ac70524855a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_a2413857-5d75-4b6d-9edb-f58f5f0e8cf0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_98c618ea-34a7-4030-81c8-ac70524855a2" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_a2413857-5d75-4b6d-9edb-f58f5f0e8cf0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventMember_67026a07-e3d2-4b5b-88fd-eeaa19b0a96e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_a2413857-5d75-4b6d-9edb-f58f5f0e8cf0" xlink:to="loc_us-gaap_SubsequentEventMember_67026a07-e3d2-4b5b-88fd-eeaa19b0a96e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestructuringPlanAxis_f5b03c87-f0bf-4d1b-957e-f3f81e001da4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestructuringPlanAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_OrganizationAndLiquidityTable_868c81d3-0a95-4b5d-9583-2ae7a75746bb" xlink:to="loc_us-gaap_RestructuringPlanAxis_f5b03c87-f0bf-4d1b-957e-f3f81e001da4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestructuringPlanDomain_de6450f1-38db-4df4-aa23-7b8ee49c7da2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestructuringPlanDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringPlanAxis_f5b03c87-f0bf-4d1b-957e-f3f81e001da4" xlink:to="loc_us-gaap_RestructuringPlanDomain_de6450f1-38db-4df4-aa23-7b8ee49c7da2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_ReductionInForceMember_f4503bf9-9bd7-4282-ad77-8604494ba710" xlink:href="cwd-20240331.xsd#cwd_ReductionInForceMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringPlanDomain_de6450f1-38db-4df4-aa23-7b8ee49c7da2" xlink:to="loc_cwd_ReductionInForceMember_f4503bf9-9bd7-4282-ad77-8604494ba710" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_OtherCostReductionPlansMember_57006a40-ef13-4811-8769-375c5bd5c7ac" xlink:href="cwd-20240331.xsd#cwd_OtherCostReductionPlansMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringPlanDomain_de6450f1-38db-4df4-aa23-7b8ee49c7da2" xlink:to="loc_cwd_OtherCostReductionPlansMember_57006a40-ef13-4811-8769-375c5bd5c7ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestructuringCostAndReserveAxis_ff36f6ac-32e9-4e7f-9d3f-4bd61b4c9490" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestructuringCostAndReserveAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_OrganizationAndLiquidityTable_868c81d3-0a95-4b5d-9583-2ae7a75746bb" xlink:to="loc_us-gaap_RestructuringCostAndReserveAxis_ff36f6ac-32e9-4e7f-9d3f-4bd61b4c9490" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TypeOfRestructuringDomain_b88395ef-6610-4c54-8f46-81616a1b3119" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TypeOfRestructuringDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringCostAndReserveAxis_ff36f6ac-32e9-4e7f-9d3f-4bd61b4c9490" xlink:to="loc_us-gaap_TypeOfRestructuringDomain_b88395ef-6610-4c54-8f46-81616a1b3119" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_OrganizationAndLiquidityLineItems_b2e6e7f5-e5a9-451d-8c3d-c048cf49ec73" xlink:href="cwd-20240331.xsd#cwd_OrganizationAndLiquidityLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_OrganizationAndLiquidityTable_868c81d3-0a95-4b5d-9583-2ae7a75746bb" xlink:to="loc_cwd_OrganizationAndLiquidityLineItems_b2e6e7f5-e5a9-451d-8c3d-c048cf49ec73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtCurrent_f1a93231-95ff-4d1e-8e30-c2e527eee828" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtCurrent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_OrganizationAndLiquidityLineItems_b2e6e7f5-e5a9-451d-8c3d-c048cf49ec73" xlink:to="loc_us-gaap_LongTermDebtCurrent_f1a93231-95ff-4d1e-8e30-c2e527eee828" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent_3f9ea34f-89fc-4804-874a-05dbe8aa0988" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_OrganizationAndLiquidityLineItems_b2e6e7f5-e5a9-451d-8c3d-c048cf49ec73" xlink:to="loc_us-gaap_RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent_3f9ea34f-89fc-4804-874a-05dbe8aa0988" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_RestructuringAndRelatedCostExpectedAnnualCostSavings_9cf5b739-deac-472c-a1e3-3295230991af" xlink:href="cwd-20240331.xsd#cwd_RestructuringAndRelatedCostExpectedAnnualCostSavings"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_OrganizationAndLiquidityLineItems_b2e6e7f5-e5a9-451d-8c3d-c048cf49ec73" xlink:to="loc_cwd_RestructuringAndRelatedCostExpectedAnnualCostSavings_9cf5b739-deac-472c-a1e3-3295230991af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockValue_a4f58e52-1616-48d4-83f0-ea5b34b603fe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockValue"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_OrganizationAndLiquidityLineItems_b2e6e7f5-e5a9-451d-8c3d-c048cf49ec73" xlink:to="loc_us-gaap_PreferredStockValue_a4f58e52-1616-48d4-83f0-ea5b34b603fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#SummaryofSignificantAccountingPoliciesNarrativeDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_ba5fdf81-63b6-441b-9411-6351b0ad60cd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_77495c6b-d6d8-45cf-b69d-2f3eca0325c3" xlink:href="cwd-20240331.xsd#cwd_SummaryOfSignificantAccountingPoliciesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_ba5fdf81-63b6-441b-9411-6351b0ad60cd" xlink:to="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_77495c6b-d6d8-45cf-b69d-2f3eca0325c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis_5c14b6bc-808e-4cb0-bd6c-4e0cb0d06c6d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductOrServiceAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_77495c6b-d6d8-45cf-b69d-2f3eca0325c3" xlink:to="loc_srt_ProductOrServiceAxis_5c14b6bc-808e-4cb0-bd6c-4e0cb0d06c6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain_85d8629b-241c-4485-bf1d-41c473d32ad1" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductsAndServicesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductOrServiceAxis_5c14b6bc-808e-4cb0-bd6c-4e0cb0d06c6d" xlink:to="loc_srt_ProductsAndServicesDomain_85d8629b-241c-4485-bf1d-41c473d32ad1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetManagement1Member_44909acf-085a-47fd-a87f-a3307e88fa1e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetManagement1Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_85d8629b-241c-4485-bf1d-41c473d32ad1" xlink:to="loc_us-gaap_AssetManagement1Member_44909acf-085a-47fd-a87f-a3307e88fa1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentPerformanceMember_e6c14598-b433-4959-9795-1277c4e4ca06" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentPerformanceMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_85d8629b-241c-4485-bf1d-41c473d32ad1" xlink:to="loc_us-gaap_InvestmentPerformanceMember_e6c14598-b433-4959-9795-1277c4e4ca06" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_d5585a07-8010-4ae8-9d88-286bc5792bf8" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_77495c6b-d6d8-45cf-b69d-2f3eca0325c3" xlink:to="loc_srt_ConsolidatedEntitiesAxis_d5585a07-8010-4ae8-9d88-286bc5792bf8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_cfe2a1cf-d441-4fe1-a46a-db8689b50d83" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_d5585a07-8010-4ae8-9d88-286bc5792bf8" xlink:to="loc_srt_ConsolidatedEntitiesDomain_cfe2a1cf-d441-4fe1-a46a-db8689b50d83" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_c896d7ae-6299-4c80-a6e8-0a41f7a3acbd" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_cfe2a1cf-d441-4fe1-a46a-db8689b50d83" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_c896d7ae-6299-4c80-a6e8-0a41f7a3acbd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_553fdb22-baef-49c4-915f-f653e217494a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_cfe2a1cf-d441-4fe1-a46a-db8689b50d83" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_553fdb22-baef-49c4-915f-f653e217494a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_33e110b3-4020-4c5b-9b5f-71964a95de53" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_77495c6b-d6d8-45cf-b69d-2f3eca0325c3" xlink:to="loc_srt_RangeAxis_33e110b3-4020-4c5b-9b5f-71964a95de53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_ac7eba4b-2b30-447a-8624-13e104cbab05" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_33e110b3-4020-4c5b-9b5f-71964a95de53" xlink:to="loc_srt_RangeMember_ac7eba4b-2b30-447a-8624-13e104cbab05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_49b1d022-3c31-4adc-ae13-8a4bd818ec81" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_ac7eba4b-2b30-447a-8624-13e104cbab05" xlink:to="loc_srt_MinimumMember_49b1d022-3c31-4adc-ae13-8a4bd818ec81" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_d58b2c40-cfc2-4c90-bf3a-13ac30439a6f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_ac7eba4b-2b30-447a-8624-13e104cbab05" xlink:to="loc_srt_MaximumMember_d58b2c40-cfc2-4c90-bf3a-13ac30439a6f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_600e512e-49bc-43b6-8f28-218e2a1afb05" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_77495c6b-d6d8-45cf-b69d-2f3eca0325c3" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_600e512e-49bc-43b6-8f28-218e2a1afb05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_65b39c06-4dba-46ee-8101-36ad9767c925" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_600e512e-49bc-43b6-8f28-218e2a1afb05" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_65b39c06-4dba-46ee-8101-36ad9767c925" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BuildingAndBuildingImprovementsMember_d23dd60e-3b88-42ec-b9f5-3ca124d3e96b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BuildingAndBuildingImprovementsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_65b39c06-4dba-46ee-8101-36ad9767c925" xlink:to="loc_us-gaap_BuildingAndBuildingImprovementsMember_d23dd60e-3b88-42ec-b9f5-3ca124d3e96b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_FurnitureFixturesAndEquipmentMember_d9e838fc-a809-49df-b80f-692164432239" xlink:href="cwd-20240331.xsd#cwd_FurnitureFixturesAndEquipmentMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_65b39c06-4dba-46ee-8101-36ad9767c925" xlink:to="loc_cwd_FurnitureFixturesAndEquipmentMember_d9e838fc-a809-49df-b80f-692164432239" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_6b798ebf-180a-4224-999e-75ae1cff3b52" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_77495c6b-d6d8-45cf-b69d-2f3eca0325c3" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_6b798ebf-180a-4224-999e-75ae1cff3b52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_c882b4ed-a238-40cf-8ac0-a96849712b6e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_6b798ebf-180a-4224-999e-75ae1cff3b52" xlink:to="loc_us-gaap_RelatedPartyDomain_c882b4ed-a238-40cf-8ac0-a96849712b6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyMember_0b16e788-07a3-4216-833a-6965fc80c4b3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_c882b4ed-a238-40cf-8ac0-a96849712b6e" xlink:to="loc_us-gaap_RelatedPartyMember_0b16e788-07a3-4216-833a-6965fc80c4b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_a4f73075-1c30-47e7-9ca9-ef45d5ebd85e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_77495c6b-d6d8-45cf-b69d-2f3eca0325c3" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_a4f73075-1c30-47e7-9ca9-ef45d5ebd85e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_2fd918f2-3477-4062-8069-a6af5b68ae49" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_a4f73075-1c30-47e7-9ca9-ef45d5ebd85e" xlink:to="loc_us-gaap_SegmentDomain_2fd918f2-3477-4062-8069-a6af5b68ae49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DevelopmentSegmentMember_210c53ed-9073-48fe-b08d-8910f0e3c726" xlink:href="cwd-20240331.xsd#cwd_DevelopmentSegmentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_2fd918f2-3477-4062-8069-a6af5b68ae49" xlink:to="loc_cwd_DevelopmentSegmentMember_210c53ed-9073-48fe-b08d-8910f0e3c726" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:href="cwd-20240331.xsd#cwd_SummaryOfSignificantAccountingPoliciesLineItems"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_77495c6b-d6d8-45cf-b69d-2f3eca0325c3" xlink:to="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestments_bc40e69f-a43e-4276-ad70-5fd25a120df6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_us-gaap_EquityMethodInvestments_bc40e69f-a43e-4276-ad70-5fd25a120df6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_47489c24-8b40-481a-b737-c78b4e3bc3e0" xlink:href="cwd-20240331.xsd#cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_47489c24-8b40-481a-b737-c78b4e3bc3e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_RealEstateInvestmentResidualCashFlowPercentage_6e4648a4-e483-4eaf-b269-ff2f32fcb509" xlink:href="cwd-20240331.xsd#cwd_RealEstateInvestmentResidualCashFlowPercentage"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_cwd_RealEstateInvestmentResidualCashFlowPercentage_6e4648a4-e483-4eaf-b269-ff2f32fcb509" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment_bf9fd156-e2ed-4b47-a708-98039f909ca6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment_bf9fd156-e2ed-4b47-a708-98039f909ca6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_c0c456e2-6013-495e-8459-4714f251dc11" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_c0c456e2-6013-495e-8459-4714f251dc11" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Depreciation_ccf4e329-bffa-4d6e-9da6-421ae07c3986" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Depreciation"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_us-gaap_Depreciation_ccf4e329-bffa-4d6e-9da6-421ae07c3986" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse_f6e4aadc-2dfa-4866-97be-e98e0535df03" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ImpairmentOfLongLivedAssetsHeldForUse"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse_f6e4aadc-2dfa-4866-97be-e98e0535df03" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyManagementFeePercentFee_9698af76-cc7a-47a2-88d8-b0aeeef21c3e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyManagementFeePercentFee"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_us-gaap_PropertyManagementFeePercentFee_9698af76-cc7a-47a2-88d8-b0aeeef21c3e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_RevenuePercentOfExpectedCosts_e04b60ae-5f72-4964-9dbf-4fa3adba43c8" xlink:href="cwd-20240331.xsd#cwd_RevenuePercentOfExpectedCosts"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_cwd_RevenuePercentOfExpectedCosts_e04b60ae-5f72-4964-9dbf-4fa3adba43c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_RealEstateInvestmentPreferredReturnCommonEquity_dc428f30-8eac-4bc6-9142-fec942293d4e" xlink:href="cwd-20240331.xsd#cwd_RealEstateInvestmentPreferredReturnCommonEquity"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_cwd_RealEstateInvestmentPreferredReturnCommonEquity_dc428f30-8eac-4bc6-9142-fec942293d4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_RealEstateInvestmentPreferredReturnPreferredEquity_dba822dc-5548-4396-9f43-28645e7fbeaa" xlink:href="cwd-20240331.xsd#cwd_RealEstateInvestmentPreferredReturnPreferredEquity"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_cwd_RealEstateInvestmentPreferredReturnPreferredEquity_dba822dc-5548-4396-9f43-28645e7fbeaa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_LessorOperatingLeaseNumberOfLeaseComponents_0950c622-a178-46ce-adde-25416b5f1717" xlink:href="cwd-20240331.xsd#cwd_LessorOperatingLeaseNumberOfLeaseComponents"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_cwd_LessorOperatingLeaseNumberOfLeaseComponents_0950c622-a178-46ce-adde-25416b5f1717" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfReportableSegments_6d8fb9c2-521d-45d4-8d1c-4116e2543e33" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NumberOfReportableSegments"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_us-gaap_NumberOfReportableSegments_6d8fb9c2-521d-45d4-8d1c-4116e2543e33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncome_0bc4e4d3-52b4-4d41-812a-322a31e405b2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLeaseIncome"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncome_0bc4e4d3-52b4-4d41-812a-322a31e405b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_e2c71187-05d7-4109-ad72-0d2f96cb791f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_us-gaap_InvestmentIncomeInterest_e2c71187-05d7-4109-ad72-0d2f96cb791f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsReceivable_d834c089-eae3-4931-ba91-a7ee7c044dc0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivable"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_6bb102fd-7ca4-41ae-908e-263ccf77c305" xlink:to="loc_us-gaap_AllowanceForDoubtfulAccountsReceivable_d834c089-eae3-4931-ba91-a7ee7c044dc0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/SummaryofSignificantAccountingPoliciesScheduleofEstimatedUsefulLivesofRealEstateAssetsDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#SummaryofSignificantAccountingPoliciesScheduleofEstimatedUsefulLivesofRealEstateAssetsDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/SummaryofSignificantAccountingPoliciesScheduleofEstimatedUsefulLivesofRealEstateAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_69637706-f974-4cb1-b16a-6f9fdeab49fe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_63c2a580-2651-48c8-9d69-7898bc009475" xlink:href="cwd-20240331.xsd#cwd_SummaryOfSignificantAccountingPoliciesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_69637706-f974-4cb1-b16a-6f9fdeab49fe" xlink:to="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_63c2a580-2651-48c8-9d69-7898bc009475" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_c8f1dfac-29e2-4ba1-a41f-dac44f213fe9" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_63c2a580-2651-48c8-9d69-7898bc009475" xlink:to="loc_srt_RangeAxis_c8f1dfac-29e2-4ba1-a41f-dac44f213fe9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_0fee915c-a0df-4d36-8f10-15f8d0cccb9f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_c8f1dfac-29e2-4ba1-a41f-dac44f213fe9" xlink:to="loc_srt_RangeMember_0fee915c-a0df-4d36-8f10-15f8d0cccb9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_6837c101-483c-459a-b300-4e92b0797d0b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_0fee915c-a0df-4d36-8f10-15f8d0cccb9f" xlink:to="loc_srt_MinimumMember_6837c101-483c-459a-b300-4e92b0797d0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_76a88321-511a-4df9-aba1-9b02e76ce778" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_0fee915c-a0df-4d36-8f10-15f8d0cccb9f" xlink:to="loc_srt_MaximumMember_76a88321-511a-4df9-aba1-9b02e76ce778" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_c257dc99-dd88-4525-ad32-a3e9e8579b47" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_63c2a580-2651-48c8-9d69-7898bc009475" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_c257dc99-dd88-4525-ad32-a3e9e8579b47" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_d5d0cbd5-2b7b-4a04-b324-53b8bdda7b1f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_c257dc99-dd88-4525-ad32-a3e9e8579b47" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_d5d0cbd5-2b7b-4a04-b324-53b8bdda7b1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BuildingAndBuildingImprovementsMember_47821214-80ec-4534-a6a1-504f4ce43cbc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BuildingAndBuildingImprovementsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_d5d0cbd5-2b7b-4a04-b324-53b8bdda7b1f" xlink:to="loc_us-gaap_BuildingAndBuildingImprovementsMember_47821214-80ec-4534-a6a1-504f4ce43cbc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_FurnitureFixturesAndEquipmentMember_8565e064-f7d8-43ce-ac5c-c3fdf46b96c0" xlink:href="cwd-20240331.xsd#cwd_FurnitureFixturesAndEquipmentMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_d5d0cbd5-2b7b-4a04-b324-53b8bdda7b1f" xlink:to="loc_cwd_FurnitureFixturesAndEquipmentMember_8565e064-f7d8-43ce-ac5c-c3fdf46b96c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_f937d9a2-1114-4ff9-ac59-674ff00d7957" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_63c2a580-2651-48c8-9d69-7898bc009475" xlink:to="loc_srt_ConsolidatedEntitiesAxis_f937d9a2-1114-4ff9-ac59-674ff00d7957" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_a620b850-6908-40a5-89bd-0d74081ebab6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_f937d9a2-1114-4ff9-ac59-674ff00d7957" xlink:to="loc_srt_ConsolidatedEntitiesDomain_a620b850-6908-40a5-89bd-0d74081ebab6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_d4d4b004-df50-4766-aba1-4fd3d80a8649" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_a620b850-6908-40a5-89bd-0d74081ebab6" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_d4d4b004-df50-4766-aba1-4fd3d80a8649" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_8501e248-a410-4e1f-8650-3750946a749f" xlink:href="cwd-20240331.xsd#cwd_SummaryOfSignificantAccountingPoliciesLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesTable_63c2a580-2651-48c8-9d69-7898bc009475" xlink:to="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_8501e248-a410-4e1f-8650-3750946a749f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_18cc0ba8-1631-4f4a-8ceb-40b73bf7cd92" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_SummaryOfSignificantAccountingPoliciesLineItems_8501e248-a410-4e1f-8650-3750946a749f" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_18cc0ba8-1631-4f4a-8ceb-40b73bf7cd92" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/VIEsNarrativeDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#VIEsNarrativeDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/VIEsNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_c278585a-6dfb-4c7a-ae0e-7d022779c464" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e50e5867-f9d1-4adc-9ce4-a4d63039e32d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_c278585a-6dfb-4c7a-ae0e-7d022779c464" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e50e5867-f9d1-4adc-9ce4-a4d63039e32d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OwnershipAxis_f6763875-ed2d-4a3e-aa9c-d77e9e24f4bd" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_OwnershipAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e50e5867-f9d1-4adc-9ce4-a4d63039e32d" xlink:to="loc_srt_OwnershipAxis_f6763875-ed2d-4a3e-aa9c-d77e9e24f4bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OwnershipDomain_a09d62f4-877c-49c2-ace4-9059f3d22899" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_OwnershipDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipAxis_f6763875-ed2d-4a3e-aa9c-d77e9e24f4bd" xlink:to="loc_srt_OwnershipDomain_a09d62f4-877c-49c2-ace4-9059f3d22899" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CaliberHospitalityLPMember_c9462288-9e46-4409-9fcb-09d2fa77dab6" xlink:href="cwd-20240331.xsd#cwd_CaliberHospitalityLPMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipDomain_a09d62f4-877c-49c2-ace4-9059f3d22899" xlink:to="loc_cwd_CaliberHospitalityLPMember_c9462288-9e46-4409-9fcb-09d2fa77dab6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CaliberHospitalityTrustMember_407fe26a-8b89-450a-8c9c-ec05a02880a9" xlink:href="cwd-20240331.xsd#cwd_CaliberHospitalityTrustMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipDomain_a09d62f4-877c-49c2-ace4-9059f3d22899" xlink:to="loc_cwd_CaliberHospitalityTrustMember_407fe26a-8b89-450a-8c9c-ec05a02880a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_39bdd4b4-fcd0-4d0b-a86e-95a106cc0f0a" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e50e5867-f9d1-4adc-9ce4-a4d63039e32d" xlink:to="loc_srt_ConsolidatedEntitiesAxis_39bdd4b4-fcd0-4d0b-a86e-95a106cc0f0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_005d943f-9c8b-4e91-8413-c889da0dee6a" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_39bdd4b4-fcd0-4d0b-a86e-95a106cc0f0a" xlink:to="loc_srt_ConsolidatedEntitiesDomain_005d943f-9c8b-4e91-8413-c889da0dee6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_6b7adb32-b4d1-4fbb-a32c-c9974d5500cf" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_005d943f-9c8b-4e91-8413-c889da0dee6a" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_6b7adb32-b4d1-4fbb-a32c-c9974d5500cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_f57629b2-7647-49a6-905e-6b70a7c6d453" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e50e5867-f9d1-4adc-9ce4-a4d63039e32d" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_f57629b2-7647-49a6-905e-6b70a7c6d453" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_854cbea3-aff3-4a55-9658-5dd59d19ac80" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_f57629b2-7647-49a6-905e-6b70a7c6d453" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_854cbea3-aff3-4a55-9658-5dd59d19ac80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_L.T.D.HospitalityGroupLLCMember_c8589613-0de2-407e-bfa1-c08fe786dffa" xlink:href="cwd-20240331.xsd#cwd_L.T.D.HospitalityGroupLLCMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_854cbea3-aff3-4a55-9658-5dd59d19ac80" xlink:to="loc_cwd_L.T.D.HospitalityGroupLLCMember_c8589613-0de2-407e-bfa1-c08fe786dffa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_a6e83eb4-7280-4a1d-8ea1-7899e141f8c0" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LegalEntityAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e50e5867-f9d1-4adc-9ce4-a4d63039e32d" xlink:to="loc_dei_LegalEntityAxis_a6e83eb4-7280-4a1d-8ea1-7899e141f8c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_0faf5f57-7dbe-480b-bcd6-e3c4ebc23a8f" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_a6e83eb4-7280-4a1d-8ea1-7899e141f8c0" xlink:to="loc_dei_EntityDomain_0faf5f57-7dbe-480b-bcd6-e3c4ebc23a8f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CaliberHospitalityTrustMember_6f87f526-98be-4c67-8b5f-0db2230bf8d8" xlink:href="cwd-20240331.xsd#cwd_CaliberHospitalityTrustMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_0faf5f57-7dbe-480b-bcd6-e3c4ebc23a8f" xlink:to="loc_cwd_CaliberHospitalityTrustMember_6f87f526-98be-4c67-8b5f-0db2230bf8d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_80b19a71-9f2b-4c95-9fd5-962116d8351c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e50e5867-f9d1-4adc-9ce4-a4d63039e32d" xlink:to="loc_us-gaap_DebtInstrumentAxis_80b19a71-9f2b-4c95-9fd5-962116d8351c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_ea1b5f3c-78f5-4c59-ba75-1f165a3cb2e4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_80b19a71-9f2b-4c95-9fd5-962116d8351c" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_ea1b5f3c-78f5-4c59-ba75-1f165a3cb2e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_L.T.D.HospitalityGroupLLCNotesPayableMember_645dc44b-cf9f-436a-9a94-5efdaae392b4" xlink:href="cwd-20240331.xsd#cwd_L.T.D.HospitalityGroupLLCNotesPayableMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_ea1b5f3c-78f5-4c59-ba75-1f165a3cb2e4" xlink:to="loc_cwd_L.T.D.HospitalityGroupLLCNotesPayableMember_645dc44b-cf9f-436a-9a94-5efdaae392b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_246625fd-b9c3-4295-90bf-547cee20df0b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_e50e5867-f9d1-4adc-9ce4-a4d63039e32d" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_246625fd-b9c3-4295-90bf-547cee20df0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_da9164f3-d16f-442c-9fcc-4a385feb0b47" xlink:href="cwd-20240331.xsd#cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_246625fd-b9c3-4295-90bf-547cee20df0b" xlink:to="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_da9164f3-d16f-442c-9fcc-4a385feb0b47" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_VariableInterestEntityNumberOfConsolidatedFunds_6ddbc88a-2daf-490a-89e7-68d6e3f82854" xlink:href="cwd-20240331.xsd#cwd_VariableInterestEntityNumberOfConsolidatedFunds"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_246625fd-b9c3-4295-90bf-547cee20df0b" xlink:to="loc_cwd_VariableInterestEntityNumberOfConsolidatedFunds_6ddbc88a-2daf-490a-89e7-68d6e3f82854" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NumberOfRealEstatePropertiesAcquired_de9a6205-2699-4086-b685-59fc7c94b373" xlink:href="cwd-20240331.xsd#cwd_NumberOfRealEstatePropertiesAcquired"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_246625fd-b9c3-4295-90bf-547cee20df0b" xlink:to="loc_cwd_NumberOfRealEstatePropertiesAcquired_de9a6205-2699-4086-b685-59fc7c94b373" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesGross_855eb5a4-c350-4336-9f25-eb8bc7a3e42b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireBusinessesGross"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_246625fd-b9c3-4295-90bf-547cee20df0b" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesGross_855eb5a4-c350-4336-9f25-eb8bc7a3e42b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_65b43494-b000-4d52-b8d7-e7751725128c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_246625fd-b9c3-4295-90bf-547cee20df0b" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_65b43494-b000-4d52-b8d7-e7751725128c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_86dbc54d-ce55-4362-8cf4-355bebaf8589" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_246625fd-b9c3-4295-90bf-547cee20df0b" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_86dbc54d-ce55-4362-8cf4-355bebaf8589" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/VIEsScheduleofVariableInterestEntitiesDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#VIEsScheduleofVariableInterestEntitiesDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/VIEsScheduleofVariableInterestEntitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_899d1e2a-b6a1-4621-93dd-f64b971575eb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_81d56aec-ca69-4582-8c42-e6127539e286" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_899d1e2a-b6a1-4621-93dd-f64b971575eb" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_81d56aec-ca69-4582-8c42-e6127539e286" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_e4c08cff-96e9-46a3-bc8a-edaf41b8a760" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_81d56aec-ca69-4582-8c42-e6127539e286" xlink:to="loc_srt_ConsolidatedEntitiesAxis_e4c08cff-96e9-46a3-bc8a-edaf41b8a760" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_7b16ce8c-cd8a-499b-8640-d785850a1365" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_e4c08cff-96e9-46a3-bc8a-edaf41b8a760" xlink:to="loc_srt_ConsolidatedEntitiesDomain_7b16ce8c-cd8a-499b-8640-d785850a1365" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_e43f14b0-97d7-4796-9460-9472d8f761b6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_7b16ce8c-cd8a-499b-8640-d785850a1365" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_e43f14b0-97d7-4796-9460-9472d8f761b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_23eb8079-079c-4696-a463-78257e40c325" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_81d56aec-ca69-4582-8c42-e6127539e286" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_23eb8079-079c-4696-a463-78257e40c325" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_4caaf4f4-0148-4d7e-ad01-b72b16ce0a1d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_23eb8079-079c-4696-a463-78257e40c325" xlink:to="loc_us-gaap_RelatedPartyDomain_4caaf4f4-0148-4d7e-ad01-b72b16ce0a1d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonrelatedPartyMember_ec5171d3-8e6a-4e0f-9c85-2dd052a5672e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NonrelatedPartyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_4caaf4f4-0148-4d7e-ad01-b72b16ce0a1d" xlink:to="loc_us-gaap_NonrelatedPartyMember_ec5171d3-8e6a-4e0f-9c85-2dd052a5672e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyMember_cfdc9d78-ec1a-440c-a664-1eb4d2f098a1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_4caaf4f4-0148-4d7e-ad01-b72b16ce0a1d" xlink:to="loc_us-gaap_RelatedPartyMember_cfdc9d78-ec1a-440c-a664-1eb4d2f098a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OwnershipAxis_b5efec0b-7d30-4f48-b1d9-15060c26520b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_OwnershipAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_81d56aec-ca69-4582-8c42-e6127539e286" xlink:to="loc_srt_OwnershipAxis_b5efec0b-7d30-4f48-b1d9-15060c26520b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OwnershipDomain_f4fedb3e-a7f7-45fb-865f-95d94fa72c4f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_OwnershipDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipAxis_b5efec0b-7d30-4f48-b1d9-15060c26520b" xlink:to="loc_srt_OwnershipDomain_f4fedb3e-a7f7-45fb-865f-95d94fa72c4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CaliberHospitalityTrustAndWestFrontierMember_8b1150dd-ebe3-46d0-b1ac-a77be53fa28c" xlink:href="cwd-20240331.xsd#cwd_CaliberHospitalityTrustAndWestFrontierMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipDomain_f4fedb3e-a7f7-45fb-865f-95d94fa72c4f" xlink:to="loc_cwd_CaliberHospitalityTrustAndWestFrontierMember_8b1150dd-ebe3-46d0-b1ac-a77be53fa28c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_346f83af-ebae-44a2-aae3-6dbde051d34d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_81d56aec-ca69-4582-8c42-e6127539e286" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_346f83af-ebae-44a2-aae3-6dbde051d34d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_346f83af-ebae-44a2-aae3-6dbde051d34d" xlink:to="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_d49a9da1-d7ed-4169-9f0a-876ca1151419" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateInvestmentPropertyNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_d49a9da1-d7ed-4169-9f0a-876ca1151419" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_7b192770-24dc-4ed2-ba43-889f863e9135" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_7b192770-24dc-4ed2-ba43-889f863e9135" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_e8e2f476-f746-4f10-9237-c2d41e76ca95" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_e8e2f476-f746-4f10-9237-c2d41e76ca95" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNet_e132d637-876a-4b63-89af-3320b22cae76" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsReceivableNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:to="loc_us-gaap_AccountsReceivableNet_e132d637-876a-4b63-89af-3320b22cae76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_26d48ca1-713c-4b1f-a8a6-991420a84b39" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:to="loc_us-gaap_NotesReceivableNet_26d48ca1-713c-4b1f-a8a6-991420a84b39" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherReceivables_05a850f4-dc18-45b3-b429-d729504a06e1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherReceivables"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:to="loc_us-gaap_OtherReceivables_05a850f4-dc18-45b3-b429-d729504a06e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestments_2c8e23d0-51b3-43ca-8695-cdd8c4a7f006" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityMethodInvestments"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:to="loc_us-gaap_EquityMethodInvestments_2c8e23d0-51b3-43ca-8695-cdd8c4a7f006" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_65c65e21-0053-409d-a6ce-a2751472cd71" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_65c65e21-0053-409d-a6ce-a2751472cd71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssets_fb0b979a-c198-400c-b6d6-9872fce817e6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PrepaidExpenseAndOtherAssets"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssets_fb0b979a-c198-400c-b6d6-9872fce817e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_f56d48b9-b642-4226-b324-aa84b69bfe30" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Assets"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_03ad1760-ed03-4f0d-b455-d00340ba0eac" xlink:to="loc_us-gaap_Assets_f56d48b9-b642-4226-b324-aa84b69bfe30" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAbstract_f3f1ef97-9c7b-4b8b-bd6d-28ee7c566a1a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_346f83af-ebae-44a2-aae3-6dbde051d34d" xlink:to="loc_us-gaap_LiabilitiesAbstract_f3f1ef97-9c7b-4b8b-bd6d-28ee7c566a1a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesPayable_238ad742-841c-4e4f-82c3-0e2d6cea9cf0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesPayable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_f3f1ef97-9c7b-4b8b-bd6d-28ee7c566a1a" xlink:to="loc_us-gaap_NotesPayable_238ad742-841c-4e4f-82c3-0e2d6cea9cf0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_25b5c4e5-45c8-4658-8063-d97b59bdb294" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_f3f1ef97-9c7b-4b8b-bd6d-28ee7c566a1a" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_25b5c4e5-45c8-4658-8063-d97b59bdb294" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilities_f394554a-6e88-4fc7-8284-c01ac6f01d1a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_f3f1ef97-9c7b-4b8b-bd6d-28ee7c566a1a" xlink:to="loc_us-gaap_OtherLiabilities_f394554a-6e88-4fc7-8284-c01ac6f01d1a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_4c163d64-0c91-40be-9607-aff2979fce9d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_f3f1ef97-9c7b-4b8b-bd6d-28ee7c566a1a" xlink:to="loc_us-gaap_OperatingLeaseLiability_4c163d64-0c91-40be-9607-aff2979fce9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_6f7e706d-f82b-4233-865c-6f4623ca9dda" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Liabilities"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_f3f1ef97-9c7b-4b8b-bd6d-28ee7c566a1a" xlink:to="loc_us-gaap_Liabilities_6f7e706d-f82b-4233-865c-6f4623ca9dda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9d554887-47b8-4401-8bee-9d0696364096" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_346f83af-ebae-44a2-aae3-6dbde051d34d" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9d554887-47b8-4401-8bee-9d0696364096" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_0b301d3a-3ed5-4589-8022-b945db5301c7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_346f83af-ebae-44a2-aae3-6dbde051d34d" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_0b301d3a-3ed5-4589-8022-b945db5301c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RealEstateInvestmentsNarrativeDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#RealEstateInvestmentsNarrativeDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RealEstateInvestmentsNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_2e4c13ac-d06a-43dd-9258-e647774cacb7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionTable_5f397d37-4f80-40af-b1cd-8d17a1ebf430" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetAcquisitionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_2e4c13ac-d06a-43dd-9258-e647774cacb7" xlink:to="loc_us-gaap_AssetAcquisitionTable_5f397d37-4f80-40af-b1cd-8d17a1ebf430" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionAxis_961b6e4b-76bf-44fb-bd8b-ccac4b0f938f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetAcquisitionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_5f397d37-4f80-40af-b1cd-8d17a1ebf430" xlink:to="loc_us-gaap_AssetAcquisitionAxis_961b6e4b-76bf-44fb-bd8b-ccac4b0f938f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionDomain_b21ec384-e221-41e4-bdfc-041799134062" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetAcquisitionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionAxis_961b6e4b-76bf-44fb-bd8b-ccac4b0f938f" xlink:to="loc_us-gaap_AssetAcquisitionDomain_b21ec384-e221-41e4-bdfc-041799134062" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_HeadquartersOfficeBuildingAcquisitionMember_1d555f9a-de31-46b4-b2ce-1e3e75d3538c" xlink:href="cwd-20240331.xsd#cwd_HeadquartersOfficeBuildingAcquisitionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionDomain_b21ec384-e221-41e4-bdfc-041799134062" xlink:to="loc_cwd_HeadquartersOfficeBuildingAcquisitionMember_1d555f9a-de31-46b4-b2ce-1e3e75d3538c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_MultiFamilyResidentialPropertyAcquisitionMember_0154c3c6-44bf-475e-a0f6-d3399562296e" xlink:href="cwd-20240331.xsd#cwd_MultiFamilyResidentialPropertyAcquisitionMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionDomain_b21ec384-e221-41e4-bdfc-041799134062" xlink:to="loc_cwd_MultiFamilyResidentialPropertyAcquisitionMember_0154c3c6-44bf-475e-a0f6-d3399562296e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CommercialBuildingAndPropertyWithVacantLandAcquisitionMember_8c40ae89-bd2a-41b1-a5db-8953b713f93e" xlink:href="cwd-20240331.xsd#cwd_CommercialBuildingAndPropertyWithVacantLandAcquisitionMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionDomain_b21ec384-e221-41e4-bdfc-041799134062" xlink:to="loc_cwd_CommercialBuildingAndPropertyWithVacantLandAcquisitionMember_8c40ae89-bd2a-41b1-a5db-8953b713f93e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_c447ba1d-34c2-4fc3-94c0-ec360ee73e60" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_5f397d37-4f80-40af-b1cd-8d17a1ebf430" xlink:to="loc_srt_ConsolidatedEntitiesAxis_c447ba1d-34c2-4fc3-94c0-ec360ee73e60" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_941ce9f2-2036-4d29-8fcf-414fc6d5355f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_c447ba1d-34c2-4fc3-94c0-ec360ee73e60" xlink:to="loc_srt_ConsolidatedEntitiesDomain_941ce9f2-2036-4d29-8fcf-414fc6d5355f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3904f001-86d6-446e-97f2-7b31caff2785" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_941ce9f2-2036-4d29-8fcf-414fc6d5355f" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3904f001-86d6-446e-97f2-7b31caff2785" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_c1f7997b-2576-4a20-9489-88c3c074d12a" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_941ce9f2-2036-4d29-8fcf-414fc6d5355f" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_c1f7997b-2576-4a20-9489-88c3c074d12a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionLineItems_881b6e46-28fb-4815-b8ba-16ba62ceddeb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetAcquisitionLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_5f397d37-4f80-40af-b1cd-8d17a1ebf430" xlink:to="loc_us-gaap_AssetAcquisitionLineItems_881b6e46-28fb-4815-b8ba-16ba62ceddeb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_AssetAcquisitionsNumberOfAcquisitions_5bddef58-84a2-4f39-a82a-cca39150b4ed" xlink:href="cwd-20240331.xsd#cwd_AssetAcquisitionsNumberOfAcquisitions"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_881b6e46-28fb-4815-b8ba-16ba62ceddeb" xlink:to="loc_cwd_AssetAcquisitionsNumberOfAcquisitions_5bddef58-84a2-4f39-a82a-cca39150b4ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionConsiderationTransferred_0fa82e41-422b-4bd7-b6ac-e80f1ea24be1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetAcquisitionConsiderationTransferred"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_881b6e46-28fb-4815-b8ba-16ba62ceddeb" xlink:to="loc_us-gaap_AssetAcquisitionConsiderationTransferred_0fa82e41-422b-4bd7-b6ac-e80f1ea24be1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NumberOfRealEstatePropertiesAcquired_5eaf43f9-4fb0-474e-ba63-787e3410a3ae" xlink:href="cwd-20240331.xsd#cwd_NumberOfRealEstatePropertiesAcquired"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_881b6e46-28fb-4815-b8ba-16ba62ceddeb" xlink:to="loc_cwd_NumberOfRealEstatePropertiesAcquired_5eaf43f9-4fb0-474e-ba63-787e3410a3ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RealEstateInvestmentsScheduleofAssetAcquisitionDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#RealEstateInvestmentsScheduleofAssetAcquisitionDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RealEstateInvestmentsScheduleofAssetAcquisitionDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_c69337ea-8c8b-4a42-b977-af10ba0abb77" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionTable_e8841828-3e97-484c-bf74-a3d69808899b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetAcquisitionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_c69337ea-8c8b-4a42-b977-af10ba0abb77" xlink:to="loc_us-gaap_AssetAcquisitionTable_e8841828-3e97-484c-bf74-a3d69808899b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_4e52facb-057c-4935-85ca-af7ef7817886" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_e8841828-3e97-484c-bf74-a3d69808899b" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_4e52facb-057c-4935-85ca-af7ef7817886" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_f8df6e63-2168-45a2-9608-1dbb665981a5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_4e52facb-057c-4935-85ca-af7ef7817886" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_f8df6e63-2168-45a2-9608-1dbb665981a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LandAndLandImprovementsMember_94736a35-2dfd-46ac-896d-ee8bb7f79c41" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LandAndLandImprovementsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_f8df6e63-2168-45a2-9608-1dbb665981a5" xlink:to="loc_us-gaap_LandAndLandImprovementsMember_94736a35-2dfd-46ac-896d-ee8bb7f79c41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BuildingAndBuildingImprovementsMember_20edcc78-b555-4022-8410-d4a5670c387e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BuildingAndBuildingImprovementsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_f8df6e63-2168-45a2-9608-1dbb665981a5" xlink:to="loc_us-gaap_BuildingAndBuildingImprovementsMember_20edcc78-b555-4022-8410-d4a5670c387e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_FurnitureFixturesAndEquipmentMember_8de30155-8f15-4b9e-906b-6dbb03bfae5f" xlink:href="cwd-20240331.xsd#cwd_FurnitureFixturesAndEquipmentMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_f8df6e63-2168-45a2-9608-1dbb665981a5" xlink:to="loc_cwd_FurnitureFixturesAndEquipmentMember_8de30155-8f15-4b9e-906b-6dbb03bfae5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_685b146c-0e49-42c3-b03b-4e543557375b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_e8841828-3e97-484c-bf74-a3d69808899b" xlink:to="loc_srt_ConsolidatedEntitiesAxis_685b146c-0e49-42c3-b03b-4e543557375b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_37ca390a-11b4-45ee-8b9c-bd32008b99c2" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_685b146c-0e49-42c3-b03b-4e543557375b" xlink:to="loc_srt_ConsolidatedEntitiesDomain_37ca390a-11b4-45ee-8b9c-bd32008b99c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_9c86e345-5643-41ac-a7dc-199994a76d76" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_37ca390a-11b4-45ee-8b9c-bd32008b99c2" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_9c86e345-5643-41ac-a7dc-199994a76d76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_0dabb842-0aa2-4e34-837d-3a89a0c32ec4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_37ca390a-11b4-45ee-8b9c-bd32008b99c2" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_0dabb842-0aa2-4e34-837d-3a89a0c32ec4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionAxis_c8d5c919-972c-43b4-bbe6-b686d899772f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetAcquisitionAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_e8841828-3e97-484c-bf74-a3d69808899b" xlink:to="loc_us-gaap_AssetAcquisitionAxis_c8d5c919-972c-43b4-bbe6-b686d899772f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionDomain_02e85fb3-cb78-4016-9f89-241478af8c48" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetAcquisitionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionAxis_c8d5c919-972c-43b4-bbe6-b686d899772f" xlink:to="loc_us-gaap_AssetAcquisitionDomain_02e85fb3-cb78-4016-9f89-241478af8c48" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_HeadquartersOfficeBuildingAcquisitionMember_11e27d58-ae85-43d0-afa4-d370964f7a1f" xlink:href="cwd-20240331.xsd#cwd_HeadquartersOfficeBuildingAcquisitionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionDomain_02e85fb3-cb78-4016-9f89-241478af8c48" xlink:to="loc_cwd_HeadquartersOfficeBuildingAcquisitionMember_11e27d58-ae85-43d0-afa4-d370964f7a1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_MultiFamilyResidentialPropertyAcquisitionMember_f409b4fd-1b66-4493-899f-6c53e9c2f012" xlink:href="cwd-20240331.xsd#cwd_MultiFamilyResidentialPropertyAcquisitionMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionDomain_02e85fb3-cb78-4016-9f89-241478af8c48" xlink:to="loc_cwd_MultiFamilyResidentialPropertyAcquisitionMember_f409b4fd-1b66-4493-899f-6c53e9c2f012" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionLineItems_1ceea17d-eb1d-4e96-8bbf-b9be604bac03" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetAcquisitionLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_e8841828-3e97-484c-bf74-a3d69808899b" xlink:to="loc_us-gaap_AssetAcquisitionLineItems_1ceea17d-eb1d-4e96-8bbf-b9be604bac03" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentAdditions_4f3ab275-770f-4850-a3e2-03f282847307" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentAdditions"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_1ceea17d-eb1d-4e96-8bbf-b9be604bac03" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentAdditions_4f3ab275-770f-4850-a3e2-03f282847307" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinitelivedIntangibleAssetsAcquired1_808041cb-c659-4b59-b244-4d54e9e63e5e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinitelivedIntangibleAssetsAcquired1"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_1ceea17d-eb1d-4e96-8bbf-b9be604bac03" xlink:to="loc_us-gaap_FinitelivedIntangibleAssetsAcquired1_808041cb-c659-4b59-b244-4d54e9e63e5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_IntangibleLeaseLiabilitiesAcquired_6687cd7e-5307-45bc-8b0a-91735a8fb887" xlink:href="cwd-20240331.xsd#cwd_IntangibleLeaseLiabilitiesAcquired"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_1ceea17d-eb1d-4e96-8bbf-b9be604bac03" xlink:to="loc_cwd_IntangibleLeaseLiabilitiesAcquired_6687cd7e-5307-45bc-8b0a-91735a8fb887" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet_de9fbf1e-86dc-413b-8032-8641cd73e23b" xlink:href="cwd-20240331.xsd#cwd_AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_1ceea17d-eb1d-4e96-8bbf-b9be604bac03" xlink:to="loc_cwd_AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet_de9fbf1e-86dc-413b-8032-8641cd73e23b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/PrepaidandOtherAssetsSummaryofPrepaidandOtherAssetsDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#PrepaidandOtherAssetsSummaryofPrepaidandOtherAssetsDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/PrepaidandOtherAssetsSummaryofPrepaidandOtherAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_bbc8bc62-8764-42a6-8b60-3f1d3736c55c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b35d5300-9789-4c36-94fe-52be7c6d6d10" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_bbc8bc62-8764-42a6-8b60-3f1d3736c55c" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b35d5300-9789-4c36-94fe-52be7c6d6d10" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_cef86405-6aac-4003-89a5-e95048c5c71d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b35d5300-9789-4c36-94fe-52be7c6d6d10" xlink:to="loc_srt_ConsolidatedEntitiesAxis_cef86405-6aac-4003-89a5-e95048c5c71d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_3152311d-7950-4bf6-970c-ead4e75ccb28" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_cef86405-6aac-4003-89a5-e95048c5c71d" xlink:to="loc_srt_ConsolidatedEntitiesDomain_3152311d-7950-4bf6-970c-ead4e75ccb28" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_63d58283-e375-49d6-82ac-5d55a98c860e" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_3152311d-7950-4bf6-970c-ead4e75ccb28" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_63d58283-e375-49d6-82ac-5d55a98c860e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_00eae6b7-4dee-4c89-9c4b-ec74d50e7ebe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_3152311d-7950-4bf6-970c-ead4e75ccb28" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_00eae6b7-4dee-4c89-9c4b-ec74d50e7ebe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_b35d5300-9789-4c36-94fe-52be7c6d6d10" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_PursuitCosts_3e41c3ed-7c70-4604-ae92-1b4e9e4e538b" xlink:href="cwd-20240331.xsd#cwd_PursuitCosts"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:to="loc_cwd_PursuitCosts_3e41c3ed-7c70-4604-ae92-1b4e9e4e538b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseCurrentAndNoncurrent_9a2c83fe-b92a-4557-a23a-a6c2c6af10f4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PrepaidExpenseCurrentAndNoncurrent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:to="loc_us-gaap_PrepaidExpenseCurrentAndNoncurrent_9a2c83fe-b92a-4557-a23a-a6c2c6af10f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_413c496a-de65-4c55-bfdd-4e982669dcca" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeAssets"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:to="loc_us-gaap_DerivativeAssets_413c496a-de65-4c55-bfdd-4e982669dcca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNet_72425b2f-1669-4fb2-8068-c42fbfb276b7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsReceivableNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:to="loc_us-gaap_AccountsReceivableNet_72425b2f-1669-4fb2-8068-c42fbfb276b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepositAssets_f9da3516-dae4-4f98-b237-9170c38081fb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepositAssets"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:to="loc_us-gaap_DepositAssets_f9da3516-dae4-4f98-b237-9170c38081fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_683cdc4c-510a-43be-bf52-178c1f0146e2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssets"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:to="loc_us-gaap_OtherAssets_683cdc4c-510a-43be-bf52-178c1f0146e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DeferredFranchiseFeesNet_8668d17a-f654-4e51-9897-853431cfa9c3" xlink:href="cwd-20240331.xsd#cwd_DeferredFranchiseFeesNet"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:to="loc_cwd_DeferredFranchiseFeesNet_8668d17a-f654-4e51-9897-853431cfa9c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_6e184b55-9be5-4fb6-9bb5-fb2e5d218185" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_6e184b55-9be5-4fb6-9bb5-fb2e5d218185" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryNet_1bd12f52-5513-437c-abd8-91915b95443a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryNet"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:to="loc_us-gaap_InventoryNet_1bd12f52-5513-437c-abd8-91915b95443a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssets_c62f94e7-a4af-4b17-a11d-e7a530a23945" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PrepaidExpenseAndOtherAssets"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_0e16dc6c-e1a9-42f1-9464-1313fbc88755" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssets_c62f94e7-a4af-4b17-a11d-e7a530a23945" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RelatedPartyTransactionsScheduleofRelatedPartyRevenuesDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#RelatedPartyTransactionsScheduleofRelatedPartyRevenuesDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RelatedPartyTransactionsScheduleofRelatedPartyRevenuesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_2cd15b16-f8c6-4d57-88bd-6d4be54e7a08" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_abba1b69-74c3-47a1-91d5-79372ff22086" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_2cd15b16-f8c6-4d57-88bd-6d4be54e7a08" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_abba1b69-74c3-47a1-91d5-79372ff22086" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_468609ef-1f0a-4584-b710-d71c1aff8733" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_abba1b69-74c3-47a1-91d5-79372ff22086" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_468609ef-1f0a-4584-b710-d71c1aff8733" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_3c13e664-f715-49b3-ab71-8a927930cb01" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_468609ef-1f0a-4584-b710-d71c1aff8733" xlink:to="loc_us-gaap_RelatedPartyDomain_3c13e664-f715-49b3-ab71-8a927930cb01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyMember_99e29511-0b09-4a8a-8c33-69f4d1982bc2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_3c13e664-f715-49b3-ab71-8a927930cb01" xlink:to="loc_us-gaap_RelatedPartyMember_99e29511-0b09-4a8a-8c33-69f4d1982bc2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis_b42e6649-3233-4ecb-adb1-d43ae3ece114" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductOrServiceAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_abba1b69-74c3-47a1-91d5-79372ff22086" xlink:to="loc_srt_ProductOrServiceAxis_b42e6649-3233-4ecb-adb1-d43ae3ece114" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain_ac4e8f62-9c81-48e2-b98f-8f656d83462e" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductsAndServicesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductOrServiceAxis_b42e6649-3233-4ecb-adb1-d43ae3ece114" xlink:to="loc_srt_ProductsAndServicesDomain_ac4e8f62-9c81-48e2-b98f-8f656d83462e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetManagement1Member_dd528f71-039c-4693-aaf8-e5dda388142a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetManagement1Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_ac4e8f62-9c81-48e2-b98f-8f656d83462e" xlink:to="loc_us-gaap_AssetManagement1Member_dd528f71-039c-4693-aaf8-e5dda388142a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentPerformanceMember_68eef96c-e1a1-47cd-9ac9-ddf02ca6d9f4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentPerformanceMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_ac4e8f62-9c81-48e2-b98f-8f656d83462e" xlink:to="loc_us-gaap_InvestmentPerformanceMember_68eef96c-e1a1-47cd-9ac9-ddf02ca6d9f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionAxis_632795e1-842a-46cb-b04a-7d293e27e8d4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_abba1b69-74c3-47a1-91d5-79372ff22086" xlink:to="loc_us-gaap_RelatedPartyTransactionAxis_632795e1-842a-46cb-b04a-7d293e27e8d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionDomain_9fc5be06-2576-4c5e-8293-cdfbe5f3c116" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionAxis_632795e1-842a-46cb-b04a-7d293e27e8d4" xlink:to="loc_us-gaap_RelatedPartyTransactionDomain_9fc5be06-2576-4c5e-8293-cdfbe5f3c116" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_AssetManagementFeesMember_b144560d-5503-4ab7-892d-6833381ea627" xlink:href="cwd-20240331.xsd#cwd_AssetManagementFeesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_9fc5be06-2576-4c5e-8293-cdfbe5f3c116" xlink:to="loc_cwd_AssetManagementFeesMember_b144560d-5503-4ab7-892d-6833381ea627" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_FinancingFeesMember_ad82808b-7944-4552-ba05-6546d5bb599f" xlink:href="cwd-20240331.xsd#cwd_FinancingFeesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_9fc5be06-2576-4c5e-8293-cdfbe5f3c116" xlink:to="loc_cwd_FinancingFeesMember_ad82808b-7944-4552-ba05-6546d5bb599f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DevelopmentAndConstructionFeesMember_062bb894-9830-41a3-9958-aa4b1e084d90" xlink:href="cwd-20240331.xsd#cwd_DevelopmentAndConstructionFeesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_9fc5be06-2576-4c5e-8293-cdfbe5f3c116" xlink:to="loc_cwd_DevelopmentAndConstructionFeesMember_062bb894-9830-41a3-9958-aa4b1e084d90" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_BrokerageFeesMember_e5fcefb7-e961-4f3c-b100-f1f6e1039d45" xlink:href="cwd-20240331.xsd#cwd_BrokerageFeesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_9fc5be06-2576-4c5e-8293-cdfbe5f3c116" xlink:to="loc_cwd_BrokerageFeesMember_e5fcefb7-e961-4f3c-b100-f1f6e1039d45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionLineItems_c86c656a-9f3d-4aed-964d-c88a797e665c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_abba1b69-74c3-47a1-91d5-79372ff22086" xlink:to="loc_us-gaap_RelatedPartyTransactionLineItems_c86c656a-9f3d-4aed-964d-c88a797e665c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_41b78be1-61d4-474b-925f-9fe1d30c4d00" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_c86c656a-9f3d-4aed-964d-c88a797e665c" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_41b78be1-61d4-474b-925f-9fe1d30c4d00" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RelatedPartyTransactionsScheduleofNotesReceivableDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#RelatedPartyTransactionsScheduleofNotesReceivableDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RelatedPartyTransactionsScheduleofNotesReceivableDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_4637f628-aa36-4828-a171-b8348d57b00e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_c0aab06d-e21b-423e-891c-d6fbc5d0c87c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_4637f628-aa36-4828-a171-b8348d57b00e" xlink:to="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_c0aab06d-e21b-423e-891c-d6fbc5d0c87c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_96ce0fd2-98da-4db1-8df5-cf56bc06c60d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_c0aab06d-e21b-423e-891c-d6fbc5d0c87c" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_96ce0fd2-98da-4db1-8df5-cf56bc06c60d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_87c3dc38-2468-4e4d-8cf3-99100a4df809" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_96ce0fd2-98da-4db1-8df5-cf56bc06c60d" xlink:to="loc_us-gaap_RelatedPartyDomain_87c3dc38-2468-4e4d-8cf3-99100a4df809" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyMember_27f3b5b6-dd23-4a4b-abd0-ffa6b7f3ef8e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_87c3dc38-2468-4e4d-8cf3-99100a4df809" xlink:to="loc_us-gaap_RelatedPartyMember_27f3b5b6-dd23-4a4b-abd0-ffa6b7f3ef8e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_bcb82e9a-9e99-467f-8e18-ba5c719f28d8" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_c0aab06d-e21b-423e-891c-d6fbc5d0c87c" xlink:to="loc_srt_ConsolidatedEntitiesAxis_bcb82e9a-9e99-467f-8e18-ba5c719f28d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_9e4a0a02-d549-4bfe-8611-0af88593fbb7" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_bcb82e9a-9e99-467f-8e18-ba5c719f28d8" xlink:to="loc_srt_ConsolidatedEntitiesDomain_9e4a0a02-d549-4bfe-8611-0af88593fbb7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_c92d6635-9455-4faa-acf9-229c6e27d2a0" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_9e4a0a02-d549-4bfe-8611-0af88593fbb7" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_c92d6635-9455-4faa-acf9-229c6e27d2a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_61df5155-08c4-4580-9cea-e0f6ef442b70" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_9e4a0a02-d549-4bfe-8611-0af88593fbb7" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_61df5155-08c4-4580-9cea-e0f6ef442b70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CounterpartyNameAxis_ef91501d-02d4-49be-980d-58f3e30f9a60" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CounterpartyNameAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_c0aab06d-e21b-423e-891c-d6fbc5d0c87c" xlink:to="loc_srt_CounterpartyNameAxis_ef91501d-02d4-49be-980d-58f3e30f9a60" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RepurchaseAgreementCounterpartyNameDomain_83ee28e8-f134-48a0-b958-fbc96bf1fa34" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RepurchaseAgreementCounterpartyNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_CounterpartyNameAxis_ef91501d-02d4-49be-980d-58f3e30f9a60" xlink:to="loc_srt_RepurchaseAgreementCounterpartyNameDomain_83ee28e8-f134-48a0-b958-fbc96bf1fa34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_1b4df35b-de1e-4037-ad27-13fc3e573eaa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_c0aab06d-e21b-423e-891c-d6fbc5d0c87c" xlink:to="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_1b4df35b-de1e-4037-ad27-13fc3e573eaa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_390ea9b3-6015-494d-943c-08173a2c60e0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_1b4df35b-de1e-4037-ad27-13fc3e573eaa" xlink:to="loc_us-gaap_NotesReceivableNet_390ea9b3-6015-494d-943c-08173a2c60e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionRate_6a25fcc3-274b-4cb8-88bb-6343a1750701" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionRate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_1b4df35b-de1e-4037-ad27-13fc3e573eaa" xlink:to="loc_us-gaap_RelatedPartyTransactionRate_6a25fcc3-274b-4cb8-88bb-6343a1750701" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/NotesPayableSummaryofNotesPayableDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#NotesPayableSummaryofNotesPayableDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/NotesPayableSummaryofNotesPayableDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_ab4140c4-38c2-40fb-bb4d-657f686f3c42" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_d475e218-7345-4d75-b46b-f6ff0b02e7b9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_ab4140c4-38c2-40fb-bb4d-657f686f3c42" xlink:to="loc_us-gaap_DebtInstrumentTable_d475e218-7345-4d75-b46b-f6ff0b02e7b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_dc211fde-2aec-47f6-9f83-780dbc235a4a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d475e218-7345-4d75-b46b-f6ff0b02e7b9" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_dc211fde-2aec-47f6-9f83-780dbc235a4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_232c5ed3-491f-4e1c-adde-3799ab3c39b1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_dc211fde-2aec-47f6-9f83-780dbc235a4a" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_232c5ed3-491f-4e1c-adde-3799ab3c39b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPayableMember_280c76ad-792b-40bd-8e0f-7918dde5ae3a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LoansPayableMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_232c5ed3-491f-4e1c-adde-3799ab3c39b1" xlink:to="loc_us-gaap_LoansPayableMember_280c76ad-792b-40bd-8e0f-7918dde5ae3a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember_58a936fe-b19b-405e-bf82-2e0964ef0886" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_232c5ed3-491f-4e1c-adde-3799ab3c39b1" xlink:to="loc_us-gaap_ConvertibleDebtMember_58a936fe-b19b-405e-bf82-2e0964ef0886" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredDebtMember_f48f5542-88c6-46a9-83cf-aaa7cf0c7044" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SecuredDebtMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_232c5ed3-491f-4e1c-adde-3799ab3c39b1" xlink:to="loc_us-gaap_SecuredDebtMember_f48f5542-88c6-46a9-83cf-aaa7cf0c7044" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_e5a6cfca-9cb7-445e-9f8d-d3bac6745744" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_232c5ed3-491f-4e1c-adde-3799ab3c39b1" xlink:to="loc_us-gaap_LineOfCreditMember_e5a6cfca-9cb7-445e-9f8d-d3bac6745744" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnsecuredDebtMember_8c308166-16cd-40ee-ad26-1085e69e3cbc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnsecuredDebtMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_232c5ed3-491f-4e1c-adde-3799ab3c39b1" xlink:to="loc_us-gaap_UnsecuredDebtMember_8c308166-16cd-40ee-ad26-1085e69e3cbc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_EconomicInjuryDisasterLoansMember_89bffad7-0fda-48d5-a971-4bd04b958874" xlink:href="cwd-20240331.xsd#cwd_EconomicInjuryDisasterLoansMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_232c5ed3-491f-4e1c-adde-3799ab3c39b1" xlink:to="loc_cwd_EconomicInjuryDisasterLoansMember_89bffad7-0fda-48d5-a971-4bd04b958874" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_81a94c75-02da-4cb4-8fc5-9b10658b9696" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d475e218-7345-4d75-b46b-f6ff0b02e7b9" xlink:to="loc_srt_ConsolidatedEntitiesAxis_81a94c75-02da-4cb4-8fc5-9b10658b9696" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_41218dc0-2fa9-464f-bfcb-e6de708cea08" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_81a94c75-02da-4cb4-8fc5-9b10658b9696" xlink:to="loc_srt_ConsolidatedEntitiesDomain_41218dc0-2fa9-464f-bfcb-e6de708cea08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_53058b88-b9ab-48b6-948b-2cd6852b82e4" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_41218dc0-2fa9-464f-bfcb-e6de708cea08" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_53058b88-b9ab-48b6-948b-2cd6852b82e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_89a87468-6ed9-4537-bc40-9815586a8401" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_41218dc0-2fa9-464f-bfcb-e6de708cea08" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_89a87468-6ed9-4537-bc40-9815586a8401" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_0ed22975-18ca-4a2e-a99c-dc8c01d93347" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d475e218-7345-4d75-b46b-f6ff0b02e7b9" xlink:to="loc_us-gaap_DebtInstrumentAxis_0ed22975-18ca-4a2e-a99c-dc8c01d93347" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_0ed22975-18ca-4a2e-a99c-dc8c01d93347" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableHamptonInnSuitesHotelMember_67461a07-3e89-4279-953b-17a8d37acdf1" xlink:href="cwd-20240331.xsd#cwd_NotesPayableHamptonInnSuitesHotelMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:to="loc_cwd_NotesPayableHamptonInnSuitesHotelMember_67461a07-3e89-4279-953b-17a8d37acdf1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableFourPointsBySheratonHotelMember_4a6771fd-40be-4604-a9ba-1d8a39642055" xlink:href="cwd-20240331.xsd#cwd_NotesPayableFourPointsBySheratonHotelMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:to="loc_cwd_NotesPayableFourPointsBySheratonHotelMember_4a6771fd-40be-4604-a9ba-1d8a39642055" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableHolidayInnOcotilloHotelMember_bccab29e-1dbd-4f71-9b6d-6e3876e8ce93" xlink:href="cwd-20240331.xsd#cwd_NotesPayableHolidayInnOcotilloHotelMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:to="loc_cwd_NotesPayableHolidayInnOcotilloHotelMember_bccab29e-1dbd-4f71-9b6d-6e3876e8ce93" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableAirportHotelPortfolioMember_1d738411-7398-429c-b6f4-8a4dbcb37e9c" xlink:href="cwd-20240331.xsd#cwd_NotesPayableAirportHotelPortfolioMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:to="loc_cwd_NotesPayableAirportHotelPortfolioMember_1d738411-7398-429c-b6f4-8a4dbcb37e9c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableDoubleTreeByHiltonTucsonConventionCenterMember_8f6d6c91-7756-4a8d-995e-57e3afd483bd" xlink:href="cwd-20240331.xsd#cwd_NotesPayableDoubleTreeByHiltonTucsonConventionCenterMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:to="loc_cwd_NotesPayableDoubleTreeByHiltonTucsonConventionCenterMember_8f6d6c91-7756-4a8d-995e-57e3afd483bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableHiltonTucsonEastMember_6570e403-c698-4855-95cb-01e539e8d183" xlink:href="cwd-20240331.xsd#cwd_NotesPayableHiltonTucsonEastMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:to="loc_cwd_NotesPayableHiltonTucsonEastMember_6570e403-c698-4855-95cb-01e539e8d183" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableDTMesaHoldcoIILLCMember_4c1809fd-e18d-45b0-aaa5-2c042787ea0d" xlink:href="cwd-20240331.xsd#cwd_NotesPayableDTMesaHoldcoIILLCMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:to="loc_cwd_NotesPayableDTMesaHoldcoIILLCMember_4c1809fd-e18d-45b0-aaa5-2c042787ea0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableSouthpointeFundcoLLCMember_3b2e34b2-4217-4ab0-9999-05b580ecd2f4" xlink:href="cwd-20240331.xsd#cwd_NotesPayableSouthpointeFundcoLLCMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:to="loc_cwd_NotesPayableSouthpointeFundcoLLCMember_3b2e34b2-4217-4ab0-9999-05b580ecd2f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableWestFrontierHoldcoLLCMember_39385fb3-d263-4a1d-9448-d56fc347e2e4" xlink:href="cwd-20240331.xsd#cwd_NotesPayableWestFrontierHoldcoLLCMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_f1e855c0-bd4c-45bb-bbb9-a735f16800a7" xlink:to="loc_cwd_NotesPayableWestFrontierHoldcoLLCMember_39385fb3-d263-4a1d-9448-d56fc347e2e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_64f7b076-cdea-4776-8e06-d1478d2d6e09" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d475e218-7345-4d75-b46b-f6ff0b02e7b9" xlink:to="loc_srt_RangeAxis_64f7b076-cdea-4776-8e06-d1478d2d6e09" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_67cbbe1c-dbb5-4c7d-8766-81be7af8a3b0" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_64f7b076-cdea-4776-8e06-d1478d2d6e09" xlink:to="loc_srt_RangeMember_67cbbe1c-dbb5-4c7d-8766-81be7af8a3b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_e786ca88-88f6-495d-a1c0-1b21408faab5" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_67cbbe1c-dbb5-4c7d-8766-81be7af8a3b0" xlink:to="loc_srt_MinimumMember_e786ca88-88f6-495d-a1c0-1b21408faab5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_5d654e99-ebbd-4e79-b049-bba7dd2a456d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_67cbbe1c-dbb5-4c7d-8766-81be7af8a3b0" xlink:to="loc_srt_MaximumMember_5d654e99-ebbd-4e79-b049-bba7dd2a456d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_40470a47-c815-4c9b-a6e6-0208b89c0f68" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d475e218-7345-4d75-b46b-f6ff0b02e7b9" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_40470a47-c815-4c9b-a6e6-0208b89c0f68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_8c087e1e-7ac3-4a1c-8f37-32c2cd8e96b9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_40470a47-c815-4c9b-a6e6-0208b89c0f68" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_8c087e1e-7ac3-4a1c-8f37-32c2cd8e96b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_35d8d6f8-a959-49c9-8bfd-843fd704c7f2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_8c087e1e-7ac3-4a1c-8f37-32c2cd8e96b9" xlink:to="loc_us-gaap_InterestRateSwapMember_35d8d6f8-a959-49c9-8bfd-843fd704c7f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationAxis_9a4349f5-a6a7-4b1d-8c02-c72e5e32d7b4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgingDesignationAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d475e218-7345-4d75-b46b-f6ff0b02e7b9" xlink:to="loc_us-gaap_HedgingDesignationAxis_9a4349f5-a6a7-4b1d-8c02-c72e5e32d7b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationDomain_4b961b3f-95d6-4852-83ae-bfcc6b8e694b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgingDesignationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_9a4349f5-a6a7-4b1d-8c02-c72e5e32d7b4" xlink:to="loc_us-gaap_HedgingDesignationDomain_4b961b3f-95d6-4852-83ae-bfcc6b8e694b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NondesignatedMember_7f088bc3-6ee0-4b62-80c0-4ab78759a8bd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NondesignatedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_4b961b3f-95d6-4852-83ae-bfcc6b8e694b" xlink:to="loc_us-gaap_NondesignatedMember_7f088bc3-6ee0-4b62-80c0-4ab78759a8bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_52742d21-9575-49ee-b032-ff4a06528174" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_d475e218-7345-4d75-b46b-f6ff0b02e7b9" xlink:to="loc_us-gaap_DebtInstrumentLineItems_52742d21-9575-49ee-b032-ff4a06528174" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_cf7222b3-b652-4d91-b2ff-e4bdb53e5ed9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_52742d21-9575-49ee-b032-ff4a06528174" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_cf7222b3-b652-4d91-b2ff-e4bdb53e5ed9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_7f70c005-ae24-486c-bdea-8fc4054e7005" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredFinanceCostsNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_52742d21-9575-49ee-b032-ff4a06528174" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_7f70c005-ae24-486c-bdea-8fc4054e7005" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_158816c1-2a28-4b73-bb97-b4935fac15db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_52742d21-9575-49ee-b032-ff4a06528174" xlink:to="loc_us-gaap_LongTermDebt_158816c1-2a28-4b73-bb97-b4935fac15db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_382466e0-3441-4364-9295-b2aa68db1ace" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_52742d21-9575-49ee-b032-ff4a06528174" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_382466e0-3441-4364-9295-b2aa68db1ace" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_580478ae-e1c1-46f4-988c-999b1e0d4efb" xlink:href="cwd-20240331.xsd#cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_52742d21-9575-49ee-b032-ff4a06528174" xlink:to="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_580478ae-e1c1-46f4-988c-999b1e0d4efb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/NotesPayableNarrativeDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#NotesPayableNarrativeDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/NotesPayableNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_7e207abd-64c6-42b0-b655-255aae7d8136" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_7e207abd-64c6-42b0-b655-255aae7d8136" xlink:to="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_a3382820-adc8-44fc-b9be-05e098703353" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:to="loc_srt_ConsolidatedEntitiesAxis_a3382820-adc8-44fc-b9be-05e098703353" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_7eb6773f-5fb5-45e7-b627-7933e12a818f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_a3382820-adc8-44fc-b9be-05e098703353" xlink:to="loc_srt_ConsolidatedEntitiesDomain_7eb6773f-5fb5-45e7-b627-7933e12a818f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_a567d80b-97a1-4756-bc49-748b0b16164f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_7eb6773f-5fb5-45e7-b627-7933e12a818f" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_a567d80b-97a1-4756-bc49-748b0b16164f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_0ea7151b-60ec-4985-b3f9-557c7b3b50e9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_7eb6773f-5fb5-45e7-b627-7933e12a818f" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_0ea7151b-60ec-4985-b3f9-557c7b3b50e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_d48c8ade-aa4d-41c2-a57b-b37790bcce89" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:to="loc_srt_RangeAxis_d48c8ade-aa4d-41c2-a57b-b37790bcce89" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_efbdc7ac-737f-4c53-935f-8f79028c1228" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_d48c8ade-aa4d-41c2-a57b-b37790bcce89" xlink:to="loc_srt_RangeMember_efbdc7ac-737f-4c53-935f-8f79028c1228" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_4a27ea17-3623-4141-ba51-e6254b07cbbd" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_efbdc7ac-737f-4c53-935f-8f79028c1228" xlink:to="loc_srt_MinimumMember_4a27ea17-3623-4141-ba51-e6254b07cbbd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_55bd93a3-296c-433b-ad36-622f6b943d28" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_efbdc7ac-737f-4c53-935f-8f79028c1228" xlink:to="loc_srt_MaximumMember_55bd93a3-296c-433b-ad36-622f6b943d28" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateAxis_627bcc07-2f9f-445a-a240-f1ca73d2e51e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableRateAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:to="loc_us-gaap_VariableRateAxis_627bcc07-2f9f-445a-a240-f1ca73d2e51e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateDomain_f0753653-ba1e-46d5-88c0-1b1ebedfd6e1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableRateDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateAxis_627bcc07-2f9f-445a-a240-f1ca73d2e51e" xlink:to="loc_us-gaap_VariableRateDomain_f0753653-ba1e-46d5-88c0-1b1ebedfd6e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_OneMonthLIBORMember_0e012702-9124-4d7d-8d05-f82dfedb75fc" xlink:href="cwd-20240331.xsd#cwd_OneMonthLIBORMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_f0753653-ba1e-46d5-88c0-1b1ebedfd6e1" xlink:to="loc_cwd_OneMonthLIBORMember_0e012702-9124-4d7d-8d05-f82dfedb75fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_SecuredOvernightFinancingRateSOFRMember_947d33ec-1c8d-4e45-8cee-c4e0ecf6a24e" xlink:href="cwd-20240331.xsd#cwd_SecuredOvernightFinancingRateSOFRMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_f0753653-ba1e-46d5-88c0-1b1ebedfd6e1" xlink:to="loc_cwd_SecuredOvernightFinancingRateSOFRMember_947d33ec-1c8d-4e45-8cee-c4e0ecf6a24e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_FederalHomeLoanBankRateMember_fabae775-8f49-4f58-9238-011470e368ca" xlink:href="cwd-20240331.xsd#cwd_FederalHomeLoanBankRateMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_f0753653-ba1e-46d5-88c0-1b1ebedfd6e1" xlink:to="loc_cwd_FederalHomeLoanBankRateMember_fabae775-8f49-4f58-9238-011470e368ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_FiveYearTreasuryConstantFederalReserveIndexMember_e99daeb1-87b8-4989-b5fc-8ce94acf4897" xlink:href="cwd-20240331.xsd#cwd_FiveYearTreasuryConstantFederalReserveIndexMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_f0753653-ba1e-46d5-88c0-1b1ebedfd6e1" xlink:to="loc_cwd_FiveYearTreasuryConstantFederalReserveIndexMember_e99daeb1-87b8-4989-b5fc-8ce94acf4897" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_WallStreetJournalPrimeRateMember_ac2d023f-ea18-4bf0-ab2e-7a384bf6ea09" xlink:href="cwd-20240331.xsd#cwd_WallStreetJournalPrimeRateMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_f0753653-ba1e-46d5-88c0-1b1ebedfd6e1" xlink:to="loc_cwd_WallStreetJournalPrimeRateMember_ac2d023f-ea18-4bf0-ab2e-7a384bf6ea09" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrimeRateMember_4198b6c5-ef77-4ef2-94e4-bd9d1a396112" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PrimeRateMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_f0753653-ba1e-46d5-88c0-1b1ebedfd6e1" xlink:to="loc_us-gaap_PrimeRateMember_4198b6c5-ef77-4ef2-94e4-bd9d1a396112" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_c389c188-4f70-4bee-a0a5-87338608cc6a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_c389c188-4f70-4bee-a0a5-87338608cc6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_350417a3-d811-4003-9836-48c2305116b1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_c389c188-4f70-4bee-a0a5-87338608cc6a" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_350417a3-d811-4003-9836-48c2305116b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPayableMember_17972dfd-5552-4147-bf17-a62f5c2c25f5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LoansPayableMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_350417a3-d811-4003-9836-48c2305116b1" xlink:to="loc_us-gaap_LoansPayableMember_17972dfd-5552-4147-bf17-a62f5c2c25f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember_ef1d486a-2177-4ca8-b35d-d385bddb60c8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_350417a3-d811-4003-9836-48c2305116b1" xlink:to="loc_us-gaap_ConvertibleDebtMember_ef1d486a-2177-4ca8-b35d-d385bddb60c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredDebtMember_159c8fb6-a6a1-470b-bdaa-2627c9b362ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SecuredDebtMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_350417a3-d811-4003-9836-48c2305116b1" xlink:to="loc_us-gaap_SecuredDebtMember_159c8fb6-a6a1-470b-bdaa-2627c9b362ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_dc5953d0-fdc6-40fa-af8f-2accf19aba96" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevolvingCreditFacilityMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_350417a3-d811-4003-9836-48c2305116b1" xlink:to="loc_us-gaap_RevolvingCreditFacilityMember_dc5953d0-fdc6-40fa-af8f-2accf19aba96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_7706a208-7c2b-4459-ae6f-6d018a31090b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_350417a3-d811-4003-9836-48c2305116b1" xlink:to="loc_us-gaap_LineOfCreditMember_7706a208-7c2b-4459-ae6f-6d018a31090b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnsecuredDebtMember_d7c46b78-43e5-4a3a-8766-0658b7e369d8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnsecuredDebtMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_350417a3-d811-4003-9836-48c2305116b1" xlink:to="loc_us-gaap_UnsecuredDebtMember_d7c46b78-43e5-4a3a-8766-0658b7e369d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_6f6fdadb-2a3b-48a0-81bd-a050aefae206" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:to="loc_us-gaap_DebtInstrumentAxis_6f6fdadb-2a3b-48a0-81bd-a050aefae206" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_6f6fdadb-2a3b-48a0-81bd-a050aefae206" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableGatewayIIHoldcoLLCMember_2a348905-7560-414a-972e-b8d0ed6647fb" xlink:href="cwd-20240331.xsd#cwd_NotesPayableGatewayIIHoldcoLLCMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_NotesPayableGatewayIIHoldcoLLCMember_2a348905-7560-414a-972e-b8d0ed6647fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CorporateNotesAndConvertibleCorporateNotesMember_bbada0af-6802-4840-892f-cdf645b5ef53" xlink:href="cwd-20240331.xsd#cwd_CorporateNotesAndConvertibleCorporateNotesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_CorporateNotesAndConvertibleCorporateNotesMember_bbada0af-6802-4840-892f-cdf645b5ef53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CorporateNotesAndConvertibleCorporateNotesDueApril2026Member_fa6c0455-56c6-4d7b-89c7-2c81ae1c0238" xlink:href="cwd-20240331.xsd#cwd_CorporateNotesAndConvertibleCorporateNotesDueApril2026Member"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_CorporateNotesAndConvertibleCorporateNotesDueApril2026Member_fa6c0455-56c6-4d7b-89c7-2c81ae1c0238" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableHamptonInnSuitesHotelMember_58ac3d70-f395-4eeb-9caf-84875efdbe88" xlink:href="cwd-20240331.xsd#cwd_NotesPayableHamptonInnSuitesHotelMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_NotesPayableHamptonInnSuitesHotelMember_58ac3d70-f395-4eeb-9caf-84875efdbe88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableFourPointsBySheratonHotelMember_ef3ae735-0b91-41c4-953c-25b9f0f4b78d" xlink:href="cwd-20240331.xsd#cwd_NotesPayableFourPointsBySheratonHotelMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_NotesPayableFourPointsBySheratonHotelMember_ef3ae735-0b91-41c4-953c-25b9f0f4b78d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableHolidayInnOcotilloHotelMember_6208f40a-7935-4f77-9c9a-7cede54f1c15" xlink:href="cwd-20240331.xsd#cwd_NotesPayableHolidayInnOcotilloHotelMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_NotesPayableHolidayInnOcotilloHotelMember_6208f40a-7935-4f77-9c9a-7cede54f1c15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableAirportHotelPortfolioMember_9620bfb4-342a-47eb-a2b2-3acc0657aafc" xlink:href="cwd-20240331.xsd#cwd_NotesPayableAirportHotelPortfolioMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_NotesPayableAirportHotelPortfolioMember_9620bfb4-342a-47eb-a2b2-3acc0657aafc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableDoubleTreeByHiltonTucsonConventionCenterMember_13444219-1f53-4ae5-a04d-b21f5f62524b" xlink:href="cwd-20240331.xsd#cwd_NotesPayableDoubleTreeByHiltonTucsonConventionCenterMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_NotesPayableDoubleTreeByHiltonTucsonConventionCenterMember_13444219-1f53-4ae5-a04d-b21f5f62524b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableHiltonTucsonEastMember_d1c11412-8114-498b-9f2e-79693565d5c5" xlink:href="cwd-20240331.xsd#cwd_NotesPayableHiltonTucsonEastMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_NotesPayableHiltonTucsonEastMember_d1c11412-8114-498b-9f2e-79693565d5c5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableDTMesaHoldcoIILLCMember_08a5fa75-f1e0-4f66-8208-a4fa302f5d45" xlink:href="cwd-20240331.xsd#cwd_NotesPayableDTMesaHoldcoIILLCMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_NotesPayableDTMesaHoldcoIILLCMember_08a5fa75-f1e0-4f66-8208-a4fa302f5d45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableSouthpointeFundcoLLCMember_44be6582-05b4-42a8-8663-c0b85afa4fae" xlink:href="cwd-20240331.xsd#cwd_NotesPayableSouthpointeFundcoLLCMember"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_NotesPayableSouthpointeFundcoLLCMember_44be6582-05b4-42a8-8663-c0b85afa4fae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableWestFrontierHoldcoLLCMember_35f0357b-85c6-4a12-9f24-4e409e886736" xlink:href="cwd-20240331.xsd#cwd_NotesPayableWestFrontierHoldcoLLCMember"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_NotesPayableWestFrontierHoldcoLLCMember_35f0357b-85c6-4a12-9f24-4e409e886736" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_EconomicInjuryDisasterLoansMember_056fe479-652c-496e-a974-a8e99ba25360" xlink:href="cwd-20240331.xsd#cwd_EconomicInjuryDisasterLoansMember"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_94abb5af-6e46-45a9-ab8e-3b7fd3f4aeda" xlink:to="loc_cwd_EconomicInjuryDisasterLoansMember_056fe479-652c-496e-a974-a8e99ba25360" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_15932be5-3b66-4959-b30d-cf154e2b1822" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_15932be5-3b66-4959-b30d-cf154e2b1822" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_09f9483f-2e68-4352-8865-1b260711f537" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_15932be5-3b66-4959-b30d-cf154e2b1822" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_09f9483f-2e68-4352-8865-1b260711f537" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_85b9fb77-97e5-40b4-88d5-ca5a8938fe85" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_09f9483f-2e68-4352-8865-1b260711f537" xlink:to="loc_us-gaap_InterestRateSwapMember_85b9fb77-97e5-40b4-88d5-ca5a8938fe85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityAxis_aec94124-4ab0-40ca-8e70-49db44a3c881" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CreditFacilityAxis"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:to="loc_us-gaap_CreditFacilityAxis_aec94124-4ab0-40ca-8e70-49db44a3c881" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityDomain_f38d7145-5be4-4a58-86be-add8cb33a557" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CreditFacilityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_aec94124-4ab0-40ca-8e70-49db44a3c881" xlink:to="loc_us-gaap_CreditFacilityDomain_f38d7145-5be4-4a58-86be-add8cb33a557" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_04845f24-9a6d-4bcf-8da7-e4831c28f741" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevolvingCreditFacilityMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_f38d7145-5be4-4a58-86be-add8cb33a557" xlink:to="loc_us-gaap_RevolvingCreditFacilityMember_04845f24-9a6d-4bcf-8da7-e4831c28f741" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_7b21a12c-0734-4b3e-970c-869526fc99d7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventTypeAxis"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_7b21a12c-0734-4b3e-970c-869526fc99d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_87543e25-d614-4a0c-a681-fc8c603b9c45" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_7b21a12c-0734-4b3e-970c-869526fc99d7" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_87543e25-d614-4a0c-a681-fc8c603b9c45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventMember_b1ca3007-55d4-47fd-a59f-cbb1793b79d2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_87543e25-d614-4a0c-a681-fc8c603b9c45" xlink:to="loc_us-gaap_SubsequentEventMember_b1ca3007-55d4-47fd-a59f-cbb1793b79d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_c381174c-4abc-4091-9323-c31145a6e56a" xlink:to="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_77f0024d-0d66-45c5-ab03-9bccb5d47a35" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_77f0024d-0d66-45c5-ab03-9bccb5d47a35" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_39da632a-81cd-4143-9a71-7086da6b9140" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_LongTermDebt_39da632a-81cd-4143-9a71-7086da6b9140" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTerm_635b773a-a744-42cc-ac2b-4a8d495b2061" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentTerm"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_DebtInstrumentTerm_635b773a-a744-42cc-ac2b-4a8d495b2061" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DebtInstrumentExtendedTerm_65af956b-4045-462e-8812-ade9a85cb4a9" xlink:href="cwd-20240331.xsd#cwd_DebtInstrumentExtendedTerm"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_cwd_DebtInstrumentExtendedTerm_65af956b-4045-462e-8812-ade9a85cb4a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_8c1acd94-aeb3-410a-9e35-e358ff39a5b5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_8c1acd94-aeb3-410a-9e35-e358ff39a5b5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DebtInstrumentNumberOfCorporateNotes_8fb4abb1-735a-4e82-806d-ea5d1ed56750" xlink:href="cwd-20240331.xsd#cwd_DebtInstrumentNumberOfCorporateNotes"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_cwd_DebtInstrumentNumberOfCorporateNotes_8fb4abb1-735a-4e82-806d-ea5d1ed56750" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DebtInstrumentAverageOutstandingPrincipalBalancePerLoan_be0786ae-07a8-4328-8965-56af06dde9da" xlink:href="cwd-20240331.xsd#cwd_DebtInstrumentAverageOutstandingPrincipalBalancePerLoan"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_cwd_DebtInstrumentAverageOutstandingPrincipalBalancePerLoan_be0786ae-07a8-4328-8965-56af06dde9da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_f5d8fefa-feed-4a0e-ac94-dd70cbb0aab4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtWeightedAverageInterestRate"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_DebtWeightedAverageInterestRate_f5d8fefa-feed-4a0e-ac94-dd70cbb0aab4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_006271c4-6cd4-4f4f-8e9b-e83888a17b7c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_006271c4-6cd4-4f4f-8e9b-e83888a17b7c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_d58ed790-264a-4919-8525-acb2b3452a57" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredFinanceCostsNet"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_d58ed790-264a-4919-8525-acb2b3452a57" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WriteOffOfDeferredDebtIssuanceCost_1fce3c90-f93e-487e-a381-58455b99a349" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WriteOffOfDeferredDebtIssuanceCost"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_WriteOffOfDeferredDebtIssuanceCost_1fce3c90-f93e-487e-a381-58455b99a349" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_afe700cf-259b-4571-bcb5-ccfedaa56b33" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_afe700cf-259b-4571-bcb5-ccfedaa56b33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_c4b44ac1-a310-4784-ab24-31c5c9ff10b9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_c4b44ac1-a310-4784-ab24-31c5c9ff10b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DebtInstrumentInterestRateFloorPercentage_75a6fd9c-4722-428b-9297-122abdec0cfd" xlink:href="cwd-20240331.xsd#cwd_DebtInstrumentInterestRateFloorPercentage"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_cwd_DebtInstrumentInterestRateFloorPercentage_75a6fd9c-4722-428b-9297-122abdec0cfd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DebtInstrumentVariableRate_7708d2a2-3d18-4063-8d60-ed62139c21ff" xlink:href="cwd-20240331.xsd#cwd_DebtInstrumentVariableRate"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_cwd_DebtInstrumentVariableRate_7708d2a2-3d18-4063-8d60-ed62139c21ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_0078f68a-e088-4b7a-926a-3bef750a453b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_0078f68a-e088-4b7a-926a-3bef750a453b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DebtInstrumentExitFeePercentage_bac42a88-a1cd-4b1a-a8f3-033c94363f36" xlink:href="cwd-20240331.xsd#cwd_DebtInstrumentExitFeePercentage"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_cwd_DebtInstrumentExitFeePercentage_bac42a88-a1cd-4b1a-a8f3-033c94363f36" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DebtInstrumentExitFeeMinimumReturnPercentage_7e9f34e7-b15d-4642-a0e7-a68173c1cdb7" xlink:href="cwd-20240331.xsd#cwd_DebtInstrumentExitFeeMinimumReturnPercentage"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_cwd_DebtInstrumentExitFeeMinimumReturnPercentage_7e9f34e7-b15d-4642-a0e7-a68173c1cdb7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFixedInterestRate_ef4d8ea1-9af7-4a22-bf53-843fb42c71f6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeFixedInterestRate"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_DerivativeFixedInterestRate_ef4d8ea1-9af7-4a22-bf53-843fb42c71f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_ProceedsFromTerminationOfDerivativeInstrument_45a0268a-2a31-484c-bfe5-0a680b46208d" xlink:href="cwd-20240331.xsd#cwd_ProceedsFromTerminationOfDerivativeInstrument"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_cwd_ProceedsFromTerminationOfDerivativeInstrument_45a0268a-2a31-484c-bfe5-0a680b46208d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_23656646-03af-4dbe-a9a4-632701f51000" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_23656646-03af-4dbe-a9a4-632701f51000" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_dd9a2bd2-923b-42eb-b443-1b11ea7ae2b1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_dd9a2bd2-923b-42eb-b443-1b11ea7ae2b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DebtInstrumentNumberOfExtensions_c22465a2-a284-437c-ba6d-247ad81312f0" xlink:href="cwd-20240331.xsd#cwd_DebtInstrumentNumberOfExtensions"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_cwd_DebtInstrumentNumberOfExtensions_c22465a2-a284-437c-ba6d-247ad81312f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DebtInstrumentExtensionTerm_8e8dd7b6-6fcd-49af-8099-729a7569d6e9" xlink:href="cwd-20240331.xsd#cwd_DebtInstrumentExtensionTerm"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_ea54872c-bdd1-4b4f-9b56-31d4d1764a0a" xlink:to="loc_cwd_DebtInstrumentExtensionTerm_8e8dd7b6-6fcd-49af-8099-729a7569d6e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/NotesPayableSummaryofPrincipalRepaymentsDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#NotesPayableSummaryofPrincipalRepaymentsDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/NotesPayableSummaryofPrincipalRepaymentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_ce4d83a5-2e45-4184-b173-03b380016c0b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_5bc5c550-eb4c-419f-adf2-7a0594a1890d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_ce4d83a5-2e45-4184-b173-03b380016c0b" xlink:to="loc_us-gaap_DebtInstrumentTable_5bc5c550-eb4c-419f-adf2-7a0594a1890d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_0ef14d9d-5db1-4da0-800d-ca82fa7f374f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_5bc5c550-eb4c-419f-adf2-7a0594a1890d" xlink:to="loc_srt_ConsolidatedEntitiesAxis_0ef14d9d-5db1-4da0-800d-ca82fa7f374f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_15fafae8-4459-48a8-805e-299c7c8bbfc9" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_0ef14d9d-5db1-4da0-800d-ca82fa7f374f" xlink:to="loc_srt_ConsolidatedEntitiesDomain_15fafae8-4459-48a8-805e-299c7c8bbfc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_a38dba12-0326-423e-8e54-1bcf286ba2a6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_15fafae8-4459-48a8-805e-299c7c8bbfc9" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_a38dba12-0326-423e-8e54-1bcf286ba2a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_95497800-543f-4371-ac40-6db29f79198d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_15fafae8-4459-48a8-805e-299c7c8bbfc9" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_95497800-543f-4371-ac40-6db29f79198d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_74b8fb65-9330-4207-9d31-e3df4cf05517" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_5bc5c550-eb4c-419f-adf2-7a0594a1890d" xlink:to="loc_us-gaap_DebtInstrumentLineItems_74b8fb65-9330-4207-9d31-e3df4cf05517" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_24b629b8-1040-4a43-bb35-6ddbb1d0a2f2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_74b8fb65-9330-4207-9d31-e3df4cf05517" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_24b629b8-1040-4a43-bb35-6ddbb1d0a2f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_aa540b81-b387-4b68-a97c-8fdbdb0bc83a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_74b8fb65-9330-4207-9d31-e3df4cf05517" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_aa540b81-b387-4b68-a97c-8fdbdb0bc83a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_28459c94-816e-4878-8a30-d1d924c2f094" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_74b8fb65-9330-4207-9d31-e3df4cf05517" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_28459c94-816e-4878-8a30-d1d924c2f094" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_913c8350-0212-4d24-be7a-c19eb23e0b48" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_74b8fb65-9330-4207-9d31-e3df4cf05517" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_913c8350-0212-4d24-be7a-c19eb23e0b48" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_b6995b8c-c700-4888-b374-065a53e9ed30" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_74b8fb65-9330-4207-9d31-e3df4cf05517" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_b6995b8c-c700-4888-b374-065a53e9ed30" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_bab170a6-31ea-44f8-9a01-88c4eddaee4a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_74b8fb65-9330-4207-9d31-e3df4cf05517" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_bab170a6-31ea-44f8-9a01-88c4eddaee4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_41660cae-e17a-4c89-8c67-bae07c35de89" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_74b8fb65-9330-4207-9d31-e3df4cf05517" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_41660cae-e17a-4c89-8c67-bae07c35de89" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RelatedPartyTransactionsScheduleofRelatedPartyRevenuesDetails_1" xlink:type="simple" xlink:href="cwd-20240331.xsd#RelatedPartyTransactionsScheduleofRelatedPartyRevenuesDetails_1"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RelatedPartyTransactionsScheduleofRelatedPartyRevenuesDetails_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_c1db1550-7ffd-4f7e-acf6-65cb05560467" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_2e26082f-cbd3-4e3f-ae65-37d9e43579b0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_c1db1550-7ffd-4f7e-acf6-65cb05560467" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_2e26082f-cbd3-4e3f-ae65-37d9e43579b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_8107bcb2-e248-4ba6-9339-b3460c899a5f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_2e26082f-cbd3-4e3f-ae65-37d9e43579b0" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_8107bcb2-e248-4ba6-9339-b3460c899a5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_4d3cd27c-8de7-4a39-86d9-35a506aa9375" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_8107bcb2-e248-4ba6-9339-b3460c899a5f" xlink:to="loc_us-gaap_RelatedPartyDomain_4d3cd27c-8de7-4a39-86d9-35a506aa9375" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyMember_289d0755-8452-4baf-8c7e-fc5b9ab1fe76" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_4d3cd27c-8de7-4a39-86d9-35a506aa9375" xlink:to="loc_us-gaap_RelatedPartyMember_289d0755-8452-4baf-8c7e-fc5b9ab1fe76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis_2ceac05e-b922-4855-add4-9bee7f939fc9" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductOrServiceAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_2e26082f-cbd3-4e3f-ae65-37d9e43579b0" xlink:to="loc_srt_ProductOrServiceAxis_2ceac05e-b922-4855-add4-9bee7f939fc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain_b19d1a58-3cb9-4def-bda2-f2be94cc3e91" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductsAndServicesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductOrServiceAxis_2ceac05e-b922-4855-add4-9bee7f939fc9" xlink:to="loc_srt_ProductsAndServicesDomain_b19d1a58-3cb9-4def-bda2-f2be94cc3e91" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetManagement1Member_c7414a2c-6b7a-401c-8ce3-d790bcb90429" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetManagement1Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_b19d1a58-3cb9-4def-bda2-f2be94cc3e91" xlink:to="loc_us-gaap_AssetManagement1Member_c7414a2c-6b7a-401c-8ce3-d790bcb90429" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentPerformanceMember_2bfdd55c-7833-4217-9dd3-67c2bd864ad8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentPerformanceMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_b19d1a58-3cb9-4def-bda2-f2be94cc3e91" xlink:to="loc_us-gaap_InvestmentPerformanceMember_2bfdd55c-7833-4217-9dd3-67c2bd864ad8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionAxis_4c9438c5-cc4e-492e-b970-e7305f790172" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_2e26082f-cbd3-4e3f-ae65-37d9e43579b0" xlink:to="loc_us-gaap_RelatedPartyTransactionAxis_4c9438c5-cc4e-492e-b970-e7305f790172" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionDomain_bd64d080-203f-4467-88bc-8db39fa031e3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionAxis_4c9438c5-cc4e-492e-b970-e7305f790172" xlink:to="loc_us-gaap_RelatedPartyTransactionDomain_bd64d080-203f-4467-88bc-8db39fa031e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_AssetManagementFeesMember_06f438a6-ce80-4efa-8652-f97a349d16be" xlink:href="cwd-20240331.xsd#cwd_AssetManagementFeesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_bd64d080-203f-4467-88bc-8db39fa031e3" xlink:to="loc_cwd_AssetManagementFeesMember_06f438a6-ce80-4efa-8652-f97a349d16be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_FinancingFeesMember_c9c5c377-588c-4196-be29-63e4788d285c" xlink:href="cwd-20240331.xsd#cwd_FinancingFeesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_bd64d080-203f-4467-88bc-8db39fa031e3" xlink:to="loc_cwd_FinancingFeesMember_c9c5c377-588c-4196-be29-63e4788d285c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DevelopmentAndConstructionFeesMember_259219fc-ed59-4080-97d3-80af940719eb" xlink:href="cwd-20240331.xsd#cwd_DevelopmentAndConstructionFeesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_bd64d080-203f-4467-88bc-8db39fa031e3" xlink:to="loc_cwd_DevelopmentAndConstructionFeesMember_259219fc-ed59-4080-97d3-80af940719eb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_BrokerageFeesMember_3dab40cc-a256-4689-a1f8-aee7d65fd77e" xlink:href="cwd-20240331.xsd#cwd_BrokerageFeesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_bd64d080-203f-4467-88bc-8db39fa031e3" xlink:to="loc_cwd_BrokerageFeesMember_3dab40cc-a256-4689-a1f8-aee7d65fd77e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionLineItems_50b120b8-6dd3-4cfe-bc83-05cfcac6fb3d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_2e26082f-cbd3-4e3f-ae65-37d9e43579b0" xlink:to="loc_us-gaap_RelatedPartyTransactionLineItems_50b120b8-6dd3-4cfe-bc83-05cfcac6fb3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_092749db-6781-4713-aa51-680215ea0bdd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_50b120b8-6dd3-4cfe-bc83-05cfcac6fb3d" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_092749db-6781-4713-aa51-680215ea0bdd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RelatedPartyTransactionsNarrativeDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#RelatedPartyTransactionsNarrativeDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RelatedPartyTransactionsNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_883f39d9-7c3c-4d9f-b3d4-77dc483dab64" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_836acc04-8970-4be7-a9a5-28c468a813cc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_883f39d9-7c3c-4d9f-b3d4-77dc483dab64" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_836acc04-8970-4be7-a9a5-28c468a813cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis_66307ede-ebc3-48a0-a5f8-cec90365a579" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductOrServiceAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_836acc04-8970-4be7-a9a5-28c468a813cc" xlink:to="loc_srt_ProductOrServiceAxis_66307ede-ebc3-48a0-a5f8-cec90365a579" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain_7c85a656-1572-40f7-baa6-d90924d35d78" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductsAndServicesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductOrServiceAxis_66307ede-ebc3-48a0-a5f8-cec90365a579" xlink:to="loc_srt_ProductsAndServicesDomain_7c85a656-1572-40f7-baa6-d90924d35d78" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetManagement1Member_30f63bfc-b1ff-4b41-bc97-faf85de800a3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetManagement1Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_7c85a656-1572-40f7-baa6-d90924d35d78" xlink:to="loc_us-gaap_AssetManagement1Member_30f63bfc-b1ff-4b41-bc97-faf85de800a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentPerformanceMember_bbdacc8e-9aa7-4308-8dd2-b57c17c80285" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentPerformanceMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_7c85a656-1572-40f7-baa6-d90924d35d78" xlink:to="loc_us-gaap_InvestmentPerformanceMember_bbdacc8e-9aa7-4308-8dd2-b57c17c80285" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_e082a92c-b686-4629-8cb6-115720501d77" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_836acc04-8970-4be7-a9a5-28c468a813cc" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_e082a92c-b686-4629-8cb6-115720501d77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_00724361-191a-459f-9f2d-8ab590e2fe3c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_e082a92c-b686-4629-8cb6-115720501d77" xlink:to="loc_us-gaap_RelatedPartyDomain_00724361-191a-459f-9f2d-8ab590e2fe3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyMember_f13f5dbc-cbb7-45e6-9a9e-6504e4763a5b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_00724361-191a-459f-9f2d-8ab590e2fe3c" xlink:to="loc_us-gaap_RelatedPartyMember_f13f5dbc-cbb7-45e6-9a9e-6504e4763a5b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionAxis_a5cd48c1-e67f-409c-bcaf-bc147188e5fa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_836acc04-8970-4be7-a9a5-28c468a813cc" xlink:to="loc_us-gaap_RelatedPartyTransactionAxis_a5cd48c1-e67f-409c-bcaf-bc147188e5fa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionDomain_13db1626-750a-49ac-9685-f26a1b66396f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionAxis_a5cd48c1-e67f-409c-bcaf-bc147188e5fa" xlink:to="loc_us-gaap_RelatedPartyTransactionDomain_13db1626-750a-49ac-9685-f26a1b66396f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_OtherRelatedPartyTransactionsMember_7496c6a6-0a2b-4299-90b6-e707546a4871" xlink:href="cwd-20240331.xsd#cwd_OtherRelatedPartyTransactionsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_13db1626-750a-49ac-9685-f26a1b66396f" xlink:to="loc_cwd_OtherRelatedPartyTransactionsMember_7496c6a6-0a2b-4299-90b6-e707546a4871" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_063d812e-2222-47cb-8bf5-be16f98811d7" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_836acc04-8970-4be7-a9a5-28c468a813cc" xlink:to="loc_srt_ConsolidatedEntitiesAxis_063d812e-2222-47cb-8bf5-be16f98811d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_e081e934-1be9-452b-95c6-df639e8b3a1c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_063d812e-2222-47cb-8bf5-be16f98811d7" xlink:to="loc_srt_ConsolidatedEntitiesDomain_e081e934-1be9-452b-95c6-df639e8b3a1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_9a6886a3-ef01-481d-ab6f-bf5e8de4b3aa" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_e081e934-1be9-452b-95c6-df639e8b3a1c" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_9a6886a3-ef01-481d-ab6f-bf5e8de4b3aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_5dc58f0e-d949-4ac1-9f70-1ccb2a8e4847" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_e081e934-1be9-452b-95c6-df639e8b3a1c" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_5dc58f0e-d949-4ac1-9f70-1ccb2a8e4847" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CounterpartyNameAxis_63bd8a54-6761-4a88-a748-9b302216704d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CounterpartyNameAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_836acc04-8970-4be7-a9a5-28c468a813cc" xlink:to="loc_srt_CounterpartyNameAxis_63bd8a54-6761-4a88-a748-9b302216704d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RepurchaseAgreementCounterpartyNameDomain_87f7a05e-e3f2-477e-b138-7a9baf02d9e4" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RepurchaseAgreementCounterpartyNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_CounterpartyNameAxis_63bd8a54-6761-4a88-a748-9b302216704d" xlink:to="loc_srt_RepurchaseAgreementCounterpartyNameDomain_87f7a05e-e3f2-477e-b138-7a9baf02d9e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CaliberHospitalityLPMember_9abfd600-f7ad-4578-afe1-b09d532a1034" xlink:href="cwd-20240331.xsd#cwd_CaliberHospitalityLPMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_87f7a05e-e3f2-477e-b138-7a9baf02d9e4" xlink:to="loc_cwd_CaliberHospitalityLPMember_9abfd600-f7ad-4578-afe1-b09d532a1034" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionLineItems_dca574d4-5c5c-4a3e-a010-a4546517dacc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_836acc04-8970-4be7-a9a5-28c468a813cc" xlink:to="loc_us-gaap_RelatedPartyTransactionLineItems_dca574d4-5c5c-4a3e-a010-a4546517dacc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherReceivables_f9b1e6b3-3592-41df-956f-7a57cf7de24c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherReceivables"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_dca574d4-5c5c-4a3e-a010-a4546517dacc" xlink:to="loc_us-gaap_OtherReceivables_f9b1e6b3-3592-41df-956f-7a57cf7de24c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeFinancingReceivableBeforeAllowanceForCreditLoss_a1c0e52c-42ac-483f-992d-99c018f6304d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestIncomeFinancingReceivableBeforeAllowanceForCreditLoss"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_dca574d4-5c5c-4a3e-a010-a4546517dacc" xlink:to="loc_us-gaap_InterestIncomeFinancingReceivableBeforeAllowanceForCreditLoss_a1c0e52c-42ac-483f-992d-99c018f6304d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestReceivable_90e1e764-2173-443e-b85a-39d86eaa5b1e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestReceivable"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_dca574d4-5c5c-4a3e-a010-a4546517dacc" xlink:to="loc_us-gaap_InterestReceivable_90e1e764-2173-443e-b85a-39d86eaa5b1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilities_8265b6fb-8933-4d3b-af82-b8845ae7cedc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_dca574d4-5c5c-4a3e-a010-a4546517dacc" xlink:to="loc_us-gaap_OtherLiabilities_8265b6fb-8933-4d3b-af82-b8845ae7cedc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesPayable_ff579f3a-3259-4190-b64b-6f15244c70b7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesPayable"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_dca574d4-5c5c-4a3e-a010-a4546517dacc" xlink:to="loc_us-gaap_NotesPayable_ff579f3a-3259-4190-b64b-6f15244c70b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseDebt_2e6c60f4-c92d-48b6-8d46-dac4b065bfe9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpenseDebt"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_dca574d4-5c5c-4a3e-a010-a4546517dacc" xlink:to="loc_us-gaap_InterestExpenseDebt_2e6c60f4-c92d-48b6-8d46-dac4b065bfe9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPayableCurrentAndNoncurrent_06c4d252-7449-4bfc-9fd4-19e2621fc3e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestPayableCurrentAndNoncurrent"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_dca574d4-5c5c-4a3e-a010-a4546517dacc" xlink:to="loc_us-gaap_InterestPayableCurrentAndNoncurrent_06c4d252-7449-4bfc-9fd4-19e2621fc3e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/RelatedPartyTransactionsScheduleofNotesReceivableDetails_1" xlink:type="simple" xlink:href="cwd-20240331.xsd#RelatedPartyTransactionsScheduleofNotesReceivableDetails_1"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/RelatedPartyTransactionsScheduleofNotesReceivableDetails_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_66de595a-9c9e-4c18-b07b-859caffb44a6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_966a2607-5aca-46a2-b409-92c6944e25b2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_66de595a-9c9e-4c18-b07b-859caffb44a6" xlink:to="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_966a2607-5aca-46a2-b409-92c6944e25b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1b3d0864-e100-4d66-9d7c-c9c2a5357451" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_966a2607-5aca-46a2-b409-92c6944e25b2" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1b3d0864-e100-4d66-9d7c-c9c2a5357451" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_51afd29c-9229-4b85-be70-d7272369980d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1b3d0864-e100-4d66-9d7c-c9c2a5357451" xlink:to="loc_us-gaap_RelatedPartyDomain_51afd29c-9229-4b85-be70-d7272369980d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyMember_9509df83-fadf-4975-bd9a-d4fbe68ea41b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_51afd29c-9229-4b85-be70-d7272369980d" xlink:to="loc_us-gaap_RelatedPartyMember_9509df83-fadf-4975-bd9a-d4fbe68ea41b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_2706c5fb-9a07-416f-aef4-43a14953bb2e" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_966a2607-5aca-46a2-b409-92c6944e25b2" xlink:to="loc_srt_ConsolidatedEntitiesAxis_2706c5fb-9a07-416f-aef4-43a14953bb2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_b2bea997-1bfd-4c72-aceb-6da31b6ab3cb" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_2706c5fb-9a07-416f-aef4-43a14953bb2e" xlink:to="loc_srt_ConsolidatedEntitiesDomain_b2bea997-1bfd-4c72-aceb-6da31b6ab3cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_a490fd5b-b572-4dfb-98ec-a70e2b7e1ef8" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_b2bea997-1bfd-4c72-aceb-6da31b6ab3cb" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_a490fd5b-b572-4dfb-98ec-a70e2b7e1ef8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_700f06c6-53f8-4692-a54f-a48d17046cd9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_b2bea997-1bfd-4c72-aceb-6da31b6ab3cb" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_700f06c6-53f8-4692-a54f-a48d17046cd9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CounterpartyNameAxis_844d4b97-daab-4e9f-97ee-796c1cc0f28b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CounterpartyNameAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_966a2607-5aca-46a2-b409-92c6944e25b2" xlink:to="loc_srt_CounterpartyNameAxis_844d4b97-daab-4e9f-97ee-796c1cc0f28b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RepurchaseAgreementCounterpartyNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_CounterpartyNameAxis_844d4b97-daab-4e9f-97ee-796c1cc0f28b" xlink:to="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CaliberHospitalityLPMember_a09ff3e9-0b26-476b-9211-4367f36980a0" xlink:href="cwd-20240331.xsd#cwd_CaliberHospitalityLPMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_CaliberHospitalityLPMember_a09ff3e9-0b26-476b-9211-4367f36980a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_OlatheBehavioralHealthMember_d7e6e364-deb4-44e0-b992-017d22bf2ece" xlink:href="cwd-20240331.xsd#cwd_OlatheBehavioralHealthMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_OlatheBehavioralHealthMember_d7e6e364-deb4-44e0-b992-017d22bf2ece" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_DFWBehavioralHealthLLCMember_d6c2bab6-6f4c-41c2-803a-214db5ad951e" xlink:href="cwd-20240331.xsd#cwd_DFWBehavioralHealthLLCMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_DFWBehavioralHealthLLCMember_d6c2bab6-6f4c-41c2-803a-214db5ad951e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_SFAlaskaLPMember_60960ef3-df98-4f22-925b-6aa6f4496093" xlink:href="cwd-20240331.xsd#cwd_SFAlaskaLPMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_SFAlaskaLPMember_60960ef3-df98-4f22-925b-6aa6f4496093" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_TheKetchLLCMember_58b1e971-df86-441a-8e6d-af3585646309" xlink:href="cwd-20240331.xsd#cwd_TheKetchLLCMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_TheKetchLLCMember_58b1e971-df86-441a-8e6d-af3585646309" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CircleLoftsLLCMember_130b9061-8106-4e69-8e15-143de24a693d" xlink:href="cwd-20240331.xsd#cwd_CircleLoftsLLCMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_CircleLoftsLLCMember_130b9061-8106-4e69-8e15-143de24a693d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_J25DevelopmentGroupLLCMember_a4bb95a7-3043-494f-9ef2-3ea66677ab97" xlink:href="cwd-20240331.xsd#cwd_J25DevelopmentGroupLLCMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_J25DevelopmentGroupLLCMember_a4bb95a7-3043-494f-9ef2-3ea66677ab97" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CaliberDiversifiedOpportunityFundIILPMember_4ce27be5-345c-466b-8549-0bac07b122c6" xlink:href="cwd-20240331.xsd#cwd_CaliberDiversifiedOpportunityFundIILPMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_CaliberDiversifiedOpportunityFundIILPMember_4ce27be5-345c-466b-8549-0bac07b122c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_RidgeIILLCMember_f19bbe53-512e-476e-8974-9a13197b1147" xlink:href="cwd-20240331.xsd#cwd_RidgeIILLCMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_RidgeIILLCMember_f19bbe53-512e-476e-8974-9a13197b1147" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_IronwoodLLCMember_7ca2120c-4733-4afa-85d3-13a73537dae9" xlink:href="cwd-20240331.xsd#cwd_IronwoodLLCMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_IronwoodLLCMember_7ca2120c-4733-4afa-85d3-13a73537dae9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_A47thStreetPhoenixFundLLCMember_5cb8660f-7ab4-4343-9741-9b310e74c687" xlink:href="cwd-20240331.xsd#cwd_A47thStreetPhoenixFundLLCMember"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_A47thStreetPhoenixFundLLCMember_5cb8660f-7ab4-4343-9741-9b310e74c687" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_SouthridgeLLCMember_b7d2e374-e7f8-4f07-9b59-b7b68931cc8e" xlink:href="cwd-20240331.xsd#cwd_SouthridgeLLCMember"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_SouthridgeLLCMember_b7d2e374-e7f8-4f07-9b59-b7b68931cc8e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_BlueSpruceLLCMember_b9e36f5c-1403-42c4-833a-a4bd72171623" xlink:href="cwd-20240331.xsd#cwd_BlueSpruceLLCMember"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_64b43d1e-d713-4384-b92b-8882ff10406b" xlink:to="loc_cwd_BlueSpruceLLCMember_b9e36f5c-1403-42c4-833a-a4bd72171623" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_92938c68-61e9-44cc-967c-574fb9cc67bb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_966a2607-5aca-46a2-b409-92c6944e25b2" xlink:to="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_92938c68-61e9-44cc-967c-574fb9cc67bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_e5bae565-a360-4454-a0ff-650f4a5cb2c3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesReceivableNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_92938c68-61e9-44cc-967c-574fb9cc67bb" xlink:to="loc_us-gaap_NotesReceivableNet_e5bae565-a360-4454-a0ff-650f4a5cb2c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionRate_e67f4a82-d2fb-4957-ac32-30072d8f97b1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RelatedPartyTransactionRate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_92938c68-61e9-44cc-967c-574fb9cc67bb" xlink:to="loc_us-gaap_RelatedPartyTransactionRate_e67f4a82-d2fb-4957-ac32-30072d8f97b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_7229a6e3-ef3b-4ba3-99b5-2b805e021bfd" xlink:href="cwd-20240331.xsd#cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_92938c68-61e9-44cc-967c-574fb9cc67bb" xlink:to="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_7229a6e3-ef3b-4ba3-99b5-2b805e021bfd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/LeasesNarrativeDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#LeasesNarrativeDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/LeasesNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_d8c65d4c-bf6c-4615-b7ed-a0c31f70ffa2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorLeaseDescriptionTable_7b01d570-a2d3-479a-8c2a-71a350a40cf0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorLeaseDescriptionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_d8c65d4c-bf6c-4615-b7ed-a0c31f70ffa2" xlink:to="loc_us-gaap_LessorLeaseDescriptionTable_7b01d570-a2d3-479a-8c2a-71a350a40cf0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_a1ad4ad2-c15e-446f-bcfa-f4844b8c0314" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_7b01d570-a2d3-479a-8c2a-71a350a40cf0" xlink:to="loc_srt_ConsolidatedEntitiesAxis_a1ad4ad2-c15e-446f-bcfa-f4844b8c0314" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_7508bf05-6ed6-4ffe-9f28-c4185c49f32f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_a1ad4ad2-c15e-446f-bcfa-f4844b8c0314" xlink:to="loc_srt_ConsolidatedEntitiesDomain_7508bf05-6ed6-4ffe-9f28-c4185c49f32f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_c344ac1c-b424-495e-ae11-93a1c2ef4e11" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_7508bf05-6ed6-4ffe-9f28-c4185c49f32f" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_c344ac1c-b424-495e-ae11-93a1c2ef4e11" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_9dbdd168-e66a-4e99-b815-ce01c97fde30" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_7508bf05-6ed6-4ffe-9f28-c4185c49f32f" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_9dbdd168-e66a-4e99-b815-ce01c97fde30" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_040e30be-382b-4eac-8846-9ec3f607c17d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_7b01d570-a2d3-479a-8c2a-71a350a40cf0" xlink:to="loc_srt_RangeAxis_040e30be-382b-4eac-8846-9ec3f607c17d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_c9abc1bb-a2ff-47bd-bfed-0cfd4e2b78af" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_040e30be-382b-4eac-8846-9ec3f607c17d" xlink:to="loc_srt_RangeMember_c9abc1bb-a2ff-47bd-bfed-0cfd4e2b78af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_afc1d3d3-e65d-46db-8c8f-116ed4d0dc92" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_c9abc1bb-a2ff-47bd-bfed-0cfd4e2b78af" xlink:to="loc_srt_MinimumMember_afc1d3d3-e65d-46db-8c8f-116ed4d0dc92" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_92b1c028-cec8-4df0-ba1b-f62ca947d29b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_c9abc1bb-a2ff-47bd-bfed-0cfd4e2b78af" xlink:to="loc_srt_MaximumMember_92b1c028-cec8-4df0-ba1b-f62ca947d29b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseContractualTermAxis_c455df93-c072-4416-ac2a-1c8f5325ca14" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseContractualTermAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_7b01d570-a2d3-479a-8c2a-71a350a40cf0" xlink:to="loc_us-gaap_LeaseContractualTermAxis_c455df93-c072-4416-ac2a-1c8f5325ca14" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseContractualTermDomain_12d5bd58-7ee8-4638-bf96-cb65b683dce3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseContractualTermDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseContractualTermAxis_c455df93-c072-4416-ac2a-1c8f5325ca14" xlink:to="loc_us-gaap_LeaseContractualTermDomain_12d5bd58-7ee8-4638-bf96-cb65b683dce3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_MultiFamilyResidentialPropertiesMember_147fda4c-ac63-4ad5-8abf-a699d5ba9106" xlink:href="cwd-20240331.xsd#cwd_MultiFamilyResidentialPropertiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseContractualTermDomain_12d5bd58-7ee8-4638-bf96-cb65b683dce3" xlink:to="loc_cwd_MultiFamilyResidentialPropertiesMember_147fda4c-ac63-4ad5-8abf-a699d5ba9106" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CommercialPropertiesMember_5f0b670b-21e6-4956-86d8-ac5fc0b678a9" xlink:href="cwd-20240331.xsd#cwd_CommercialPropertiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseContractualTermDomain_12d5bd58-7ee8-4638-bf96-cb65b683dce3" xlink:to="loc_cwd_CommercialPropertiesMember_5f0b670b-21e6-4956-86d8-ac5fc0b678a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorLeaseDescriptionLineItems_6e11d61e-b654-4b8a-a30f-3825f97421f3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorLeaseDescriptionLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_7b01d570-a2d3-479a-8c2a-71a350a40cf0" xlink:to="loc_us-gaap_LessorLeaseDescriptionLineItems_6e11d61e-b654-4b8a-a30f-3825f97421f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_LessorOperatingLeaseNumberOfProperties_a2311b6d-13aa-4a47-9e77-b0c6d663a3d4" xlink:href="cwd-20240331.xsd#cwd_LessorOperatingLeaseNumberOfProperties"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_6e11d61e-b654-4b8a-a30f-3825f97421f3" xlink:to="loc_cwd_LessorOperatingLeaseNumberOfProperties_a2311b6d-13aa-4a47-9e77-b0c6d663a3d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_LessorOperatingLeaseRemainingLeaseTerm_7c1b1cda-21b2-42d7-8e24-1cd47472a726" xlink:href="cwd-20240331.xsd#cwd_LessorOperatingLeaseRemainingLeaseTerm"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_6e11d61e-b654-4b8a-a30f-3825f97421f3" xlink:to="loc_cwd_LessorOperatingLeaseRemainingLeaseTerm_7c1b1cda-21b2-42d7-8e24-1cd47472a726" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncomeLeasePayments_6802ca8d-77dc-40e5-a1bf-20090adce4b3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLeaseIncomeLeasePayments"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_6e11d61e-b654-4b8a-a30f-3825f97421f3" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncomeLeasePayments_6802ca8d-77dc-40e5-a1bf-20090adce4b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseVariableLeaseIncome_54ff0846-dfc2-4974-af31-c37dc6cf39c1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseVariableLeaseIncome"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_6e11d61e-b654-4b8a-a30f-3825f97421f3" xlink:to="loc_us-gaap_OperatingLeaseVariableLeaseIncome_54ff0846-dfc2-4974-af31-c37dc6cf39c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/LeasesFutureMinimumLeasePaymentsDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#LeasesFutureMinimumLeasePaymentsDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/LeasesFutureMinimumLeasePaymentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_b803597c-8cc0-46a1-8f9f-8164294f9415" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorLeaseDescriptionTable_2b9ec83e-87ac-4e67-9ff0-98ad694e520c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorLeaseDescriptionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_b803597c-8cc0-46a1-8f9f-8164294f9415" xlink:to="loc_us-gaap_LessorLeaseDescriptionTable_2b9ec83e-87ac-4e67-9ff0-98ad694e520c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_2d85acbb-af00-455c-ad2e-eeeedf1b1874" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_2b9ec83e-87ac-4e67-9ff0-98ad694e520c" xlink:to="loc_srt_ConsolidatedEntitiesAxis_2d85acbb-af00-455c-ad2e-eeeedf1b1874" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_e5f94da2-c5b9-455b-84c1-f5a0564ed4a5" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_2d85acbb-af00-455c-ad2e-eeeedf1b1874" xlink:to="loc_srt_ConsolidatedEntitiesDomain_e5f94da2-c5b9-455b-84c1-f5a0564ed4a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_582a2099-c509-49e8-b7af-5b6421774720" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_e5f94da2-c5b9-455b-84c1-f5a0564ed4a5" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_582a2099-c509-49e8-b7af-5b6421774720" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_e4947bd3-2824-4784-818d-453742d0fbbe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_e5f94da2-c5b9-455b-84c1-f5a0564ed4a5" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_e4947bd3-2824-4784-818d-453742d0fbbe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorLeaseDescriptionLineItems_58a06657-065e-46f7-82df-07b83472ff19" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorLeaseDescriptionLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_2b9ec83e-87ac-4e67-9ff0-98ad694e520c" xlink:to="loc_us-gaap_LessorLeaseDescriptionLineItems_58a06657-065e-46f7-82df-07b83472ff19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_LessorOperatingLeasePaymentToBeReceivedTerm_7fa75739-4308-492c-af48-ad30e2d208c4" xlink:href="cwd-20240331.xsd#cwd_LessorOperatingLeasePaymentToBeReceivedTerm"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_58a06657-065e-46f7-82df-07b83472ff19" xlink:to="loc_cwd_LessorOperatingLeasePaymentToBeReceivedTerm_7fa75739-4308-492c-af48-ad30e2d208c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_ffd129ff-62a2-491a-bfa2-0484bea99756" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_58a06657-065e-46f7-82df-07b83472ff19" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_ffd129ff-62a2-491a-bfa2-0484bea99756" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_489d0607-bf1b-45cd-bf5c-dcdccadddab6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_58a06657-065e-46f7-82df-07b83472ff19" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_489d0607-bf1b-45cd-bf5c-dcdccadddab6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_15c2d969-6203-4b91-be56-b1b1bfb551c9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_58a06657-065e-46f7-82df-07b83472ff19" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_15c2d969-6203-4b91-be56-b1b1bfb551c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_1b222212-0c9c-4734-b2cc-a78c90b3acea" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_58a06657-065e-46f7-82df-07b83472ff19" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_1b222212-0c9c-4734-b2cc-a78c90b3acea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_0f07a429-b141-48e6-a991-b5cfa7029397" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_58a06657-065e-46f7-82df-07b83472ff19" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_0f07a429-b141-48e6-a991-b5cfa7029397" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_LessorOperatingLeasePaymentToBeReceivedAfterYearFour_99a0a3b7-b356-47b8-8d6d-71f2cb61ccab" xlink:href="cwd-20240331.xsd#cwd_LessorOperatingLeasePaymentToBeReceivedAfterYearFour"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_58a06657-065e-46f7-82df-07b83472ff19" xlink:to="loc_cwd_LessorOperatingLeasePaymentToBeReceivedAfterYearFour_99a0a3b7-b356-47b8-8d6d-71f2cb61ccab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_e2f52f23-7ad7-4bb3-a7c4-73441ce5dcb1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceived"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_58a06657-065e-46f7-82df-07b83472ff19" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_e2f52f23-7ad7-4bb3-a7c4-73441ce5dcb1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/LeasesRentalRevenueDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#LeasesRentalRevenueDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/LeasesRentalRevenueDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_a5726244-60cf-4141-abed-711970118e74" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorLeaseDescriptionTable_c05da6c3-71e2-4c42-9908-d3128aff7a1a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorLeaseDescriptionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_a5726244-60cf-4141-abed-711970118e74" xlink:to="loc_us-gaap_LessorLeaseDescriptionTable_c05da6c3-71e2-4c42-9908-d3128aff7a1a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_eb82e3dd-3434-4d1e-a498-87a17da8fefa" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_c05da6c3-71e2-4c42-9908-d3128aff7a1a" xlink:to="loc_srt_ConsolidatedEntitiesAxis_eb82e3dd-3434-4d1e-a498-87a17da8fefa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_554c5459-9e9d-4e2e-a33b-6696a1c3f45b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_eb82e3dd-3434-4d1e-a498-87a17da8fefa" xlink:to="loc_srt_ConsolidatedEntitiesDomain_554c5459-9e9d-4e2e-a33b-6696a1c3f45b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_a840b8f8-6386-4193-9547-53aabdd83644" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_554c5459-9e9d-4e2e-a33b-6696a1c3f45b" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_a840b8f8-6386-4193-9547-53aabdd83644" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorLeaseDescriptionLineItems_274f4852-3f77-4c06-ba1f-8282617af015" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LessorLeaseDescriptionLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_c05da6c3-71e2-4c42-9908-d3128aff7a1a" xlink:to="loc_us-gaap_LessorLeaseDescriptionLineItems_274f4852-3f77-4c06-ba1f-8282617af015" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncomeLeasePayments_5ca072dc-06fd-4d6f-8553-54015078c657" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLeaseIncomeLeasePayments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_274f4852-3f77-4c06-ba1f-8282617af015" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncomeLeasePayments_5ca072dc-06fd-4d6f-8553-54015078c657" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseVariableLeaseIncome_8f1c238d-dc41-4e7f-9113-d80dc16ae41c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseVariableLeaseIncome"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_274f4852-3f77-4c06-ba1f-8282617af015" xlink:to="loc_us-gaap_OperatingLeaseVariableLeaseIncome_8f1c238d-dc41-4e7f-9113-d80dc16ae41c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncome_81873548-e779-4ffe-a577-126ae494de22" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLeaseIncome"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_274f4852-3f77-4c06-ba1f-8282617af015" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncome_81873548-e779-4ffe-a577-126ae494de22" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_OperatingLeaseIncomeComprehensiveIncomeExtensibleListNotDisclosedFlag_fe738084-05b4-48b1-94fb-31c46bbb2fd4" xlink:href="cwd-20240331.xsd#cwd_OperatingLeaseIncomeComprehensiveIncomeExtensibleListNotDisclosedFlag"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_274f4852-3f77-4c06-ba1f-8282617af015" xlink:to="loc_cwd_OperatingLeaseIncomeComprehensiveIncomeExtensibleListNotDisclosedFlag_fe738084-05b4-48b1-94fb-31c46bbb2fd4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/OtherLiabilitiesDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#OtherLiabilitiesDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/OtherLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_a8dfb8a3-c285-445a-845c-52423de707e5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_ScheduleOfOtherLiabilitiesTable_293149c5-102c-4db2-9ea3-7065ea496746" xlink:href="cwd-20240331.xsd#cwd_ScheduleOfOtherLiabilitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_a8dfb8a3-c285-445a-845c-52423de707e5" xlink:to="loc_cwd_ScheduleOfOtherLiabilitiesTable_293149c5-102c-4db2-9ea3-7065ea496746" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_c2539a2f-f984-49c9-bb21-30358057d210" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_ScheduleOfOtherLiabilitiesTable_293149c5-102c-4db2-9ea3-7065ea496746" xlink:to="loc_srt_ConsolidatedEntitiesAxis_c2539a2f-f984-49c9-bb21-30358057d210" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_c74bfd2e-e4a2-480d-99ed-f89d2fe06f23" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_c2539a2f-f984-49c9-bb21-30358057d210" xlink:to="loc_srt_ConsolidatedEntitiesDomain_c74bfd2e-e4a2-480d-99ed-f89d2fe06f23" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_498b935d-a152-4168-8f32-8f665ea0c50c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_c74bfd2e-e4a2-480d-99ed-f89d2fe06f23" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_498b935d-a152-4168-8f32-8f665ea0c50c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_b58cf157-8c9f-43f9-84ba-5cbab57ab5b7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_c74bfd2e-e4a2-480d-99ed-f89d2fe06f23" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_b58cf157-8c9f-43f9-84ba-5cbab57ab5b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_ScheduleOfOtherLiabilitiesLineItems_bd1be8c4-c7fd-45a5-82e6-277f2c31b11b" xlink:href="cwd-20240331.xsd#cwd_ScheduleOfOtherLiabilitiesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_ScheduleOfOtherLiabilitiesTable_293149c5-102c-4db2-9ea3-7065ea496746" xlink:to="loc_cwd_ScheduleOfOtherLiabilitiesLineItems_bd1be8c4-c7fd-45a5-82e6-277f2c31b11b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseNet_26c3f032-6b34-4883-8d2f-6d302286e947" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BelowMarketLeaseNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_ScheduleOfOtherLiabilitiesLineItems_bd1be8c4-c7fd-45a5-82e6-277f2c31b11b" xlink:to="loc_us-gaap_BelowMarketLeaseNet_26c3f032-6b34-4883-8d2f-6d302286e947" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_TenantImprovementAllowanceLiability_ae1b38f9-d167-4d1d-b310-eddaa263e7ff" xlink:href="cwd-20240331.xsd#cwd_TenantImprovementAllowanceLiability"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_ScheduleOfOtherLiabilitiesLineItems_bd1be8c4-c7fd-45a5-82e6-277f2c31b11b" xlink:to="loc_cwd_TenantImprovementAllowanceLiability_ae1b38f9-d167-4d1d-b310-eddaa263e7ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Deposits_ce4db365-ee2e-4ad5-9033-1d25d2da2d02" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Deposits"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_ScheduleOfOtherLiabilitiesLineItems_bd1be8c4-c7fd-45a5-82e6-277f2c31b11b" xlink:to="loc_us-gaap_Deposits_ce4db365-ee2e-4ad5-9033-1d25d2da2d02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherSundryLiabilities_64314de3-8840-4035-a801-215464925c88" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherSundryLiabilities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_ScheduleOfOtherLiabilitiesLineItems_bd1be8c4-c7fd-45a5-82e6-277f2c31b11b" xlink:to="loc_us-gaap_OtherSundryLiabilities_64314de3-8840-4035-a801-215464925c88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_AdvanceKeyMoneyNet_bdebd4f8-5c13-492c-94bf-f03b3e9e4e8d" xlink:href="cwd-20240331.xsd#cwd_AdvanceKeyMoneyNet"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_ScheduleOfOtherLiabilitiesLineItems_bd1be8c4-c7fd-45a5-82e6-277f2c31b11b" xlink:to="loc_cwd_AdvanceKeyMoneyNet_bdebd4f8-5c13-492c-94bf-f03b3e9e4e8d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent_5605c744-ddc8-4e81-a769-05fcfa00a16d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_ScheduleOfOtherLiabilitiesLineItems_bd1be8c4-c7fd-45a5-82e6-277f2c31b11b" xlink:to="loc_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent_5605c744-ddc8-4e81-a769-05fcfa00a16d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilities_8e305036-0b8c-4945-9273-3643bfaab66b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_ScheduleOfOtherLiabilitiesLineItems_bd1be8c4-c7fd-45a5-82e6-277f2c31b11b" xlink:to="loc_us-gaap_OtherLiabilities_8e305036-0b8c-4945-9273-3643bfaab66b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/SupplementalCashFlowDisclosuresDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#SupplementalCashFlowDisclosuresDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/SupplementalCashFlowDisclosuresDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_79afd2c7-d48d-46fc-a591-5b3527e3c79d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SupplementalCashFlowInformationAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherSignificantNoncashTransactionsTable_3162023b-5ce1-43a7-b0dd-99c8d0a33b3b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherSignificantNoncashTransactionsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_79afd2c7-d48d-46fc-a591-5b3527e3c79d" xlink:to="loc_us-gaap_OtherSignificantNoncashTransactionsTable_3162023b-5ce1-43a7-b0dd-99c8d0a33b3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_65e14d55-15cb-4365-9418-7c30f8a57950" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsTable_3162023b-5ce1-43a7-b0dd-99c8d0a33b3b" xlink:to="loc_srt_ConsolidatedEntitiesAxis_65e14d55-15cb-4365-9418-7c30f8a57950" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_fa07bf8e-c6bc-4c7a-aea7-f299cd0f6742" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_65e14d55-15cb-4365-9418-7c30f8a57950" xlink:to="loc_srt_ConsolidatedEntitiesDomain_fa07bf8e-c6bc-4c7a-aea7-f299cd0f6742" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_51c10fbc-b934-4629-8835-c41dc34f5d21" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_fa07bf8e-c6bc-4c7a-aea7-f299cd0f6742" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_51c10fbc-b934-4629-8835-c41dc34f5d21" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_96435f22-0c90-4151-b9ff-0c1241a70814" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_fa07bf8e-c6bc-4c7a-aea7-f299cd0f6742" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_96435f22-0c90-4151-b9ff-0c1241a70814" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherSignificantNoncashTransactionsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsTable_3162023b-5ce1-43a7-b0dd-99c8d0a33b3b" xlink:to="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPaidNet_134121bd-deaa-46d6-b82b-d0a885abfb80" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestPaidNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_us-gaap_InterestPaidNet_134121bd-deaa-46d6-b82b-d0a885abfb80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPaidCapitalized_eeb1af43-b3b1-422c-9fb0-19a6e138ba6e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestPaidCapitalized"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_us-gaap_InterestPaidCapitalized_eeb1af43-b3b1-422c-9fb0-19a6e138ba6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_IncreaseDecreaseInNotesReceivableDueToDeconsolidation_82e90fe3-fbdd-4bc3-9d8b-cea724fb58b0" xlink:href="cwd-20240331.xsd#cwd_IncreaseDecreaseInNotesReceivableDueToDeconsolidation"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_cwd_IncreaseDecreaseInNotesReceivableDueToDeconsolidation_82e90fe3-fbdd-4bc3-9d8b-cea724fb58b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_IntercompanyAccountsReceivableEliminatedInConsolidation_25272712-4c4e-42e5-b501-6fb9b7eb00a0" xlink:href="cwd-20240331.xsd#cwd_IntercompanyAccountsReceivableEliminatedInConsolidation"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_cwd_IntercompanyAccountsReceivableEliminatedInConsolidation_25272712-4c4e-42e5-b501-6fb9b7eb00a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_IncreaseDecreaseInUnconsolidatedEntitiesDueToDeconsolidation_9d682194-4d50-4b92-907b-bacf737a68c1" xlink:href="cwd-20240331.xsd#cwd_IncreaseDecreaseInUnconsolidatedEntitiesDueToDeconsolidation"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_cwd_IncreaseDecreaseInUnconsolidatedEntitiesDueToDeconsolidation_9d682194-4d50-4b92-907b-bacf737a68c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_ExtinguishmentOfOperatingLeaseRightOfUseAssets_0819497c-1616-4eff-b7e0-6bef248f561a" xlink:href="cwd-20240331.xsd#cwd_ExtinguishmentOfOperatingLeaseRightOfUseAssets"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_cwd_ExtinguishmentOfOperatingLeaseRightOfUseAssets_0819497c-1616-4eff-b7e0-6bef248f561a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_ExtinguishmentOfOperatingLeaseLiabilities_5ef9f79f-83bd-4337-834e-7e2bf09103c8" xlink:href="cwd-20240331.xsd#cwd_ExtinguishmentOfOperatingLeaseLiabilities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_cwd_ExtinguishmentOfOperatingLeaseLiabilities_5ef9f79f-83bd-4337-834e-7e2bf09103c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid_9673380d-5bb7-43aa-844f-58a298dc9517" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalExpendituresIncurredButNotYetPaid"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid_9673380d-5bb7-43aa-844f-58a298dc9517" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_IssuanceOfCommonStockInLieuOfCashPaymentForAccountsPayable_26940165-e1c2-4d40-bd99-9c4505fed5d8" xlink:href="cwd-20240331.xsd#cwd_IssuanceOfCommonStockInLieuOfCashPaymentForAccountsPayable"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_cwd_IssuanceOfCommonStockInLieuOfCashPaymentForAccountsPayable_26940165-e1c2-4d40-bd99-9c4505fed5d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_IntercompanyNoteReceivableEliminatedInConsolidation_ccd0a7fd-f4ce-472b-8132-5b8ccf2fb304" xlink:href="cwd-20240331.xsd#cwd_IntercompanyNoteReceivableEliminatedInConsolidation"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_cwd_IntercompanyNoteReceivableEliminatedInConsolidation_ccd0a7fd-f4ce-472b-8132-5b8ccf2fb304" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CapitalExpendituresIncurredDueToRelatedParties_0998703d-c8c3-4199-bc07-01373f67fcec" xlink:href="cwd-20240331.xsd#cwd_CapitalExpendituresIncurredDueToRelatedParties"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_cwd_CapitalExpendituresIncurredDueToRelatedParties_0998703d-c8c3-4199-bc07-01373f67fcec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConslidationAbstract"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationRealEstateInvestmentsNet_6a3ef513-d679-4f4e-8a16-8af93dba6b33" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationRealEstateInvestmentsNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationRealEstateInvestmentsNet_6a3ef513-d679-4f4e-8a16-8af93dba6b33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationAccountsReceivableNet_a59808fb-d528-48eb-ae39-6ae2dd743789" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationAccountsReceivableNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationAccountsReceivableNet_a59808fb-d528-48eb-ae39-6ae2dd743789" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationDueFromRelatedParties_ba0e7fd2-a538-4151-a3d7-2e17cadca30a" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationDueFromRelatedParties"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationDueFromRelatedParties_ba0e7fd2-a538-4151-a3d7-2e17cadca30a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationOperatingLeaseRightOfUseAssets_4c1f1cde-7dc8-405e-a29a-f69a51ba6c7b" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationOperatingLeaseRightOfUseAssets"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationOperatingLeaseRightOfUseAssets_4c1f1cde-7dc8-405e-a29a-f69a51ba6c7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationPrepaidAndOtherAssets_e1e7b102-213a-45f2-9057-844e1b3e7a82" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationPrepaidAndOtherAssets"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationPrepaidAndOtherAssets_e1e7b102-213a-45f2-9057-844e1b3e7a82" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationNotesPayableNet_59e67724-9114-4faf-b2e4-0e8fd8bedc3b" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationNotesPayableNet"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationNotesPayableNet_59e67724-9114-4faf-b2e4-0e8fd8bedc3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationNotesPayableRelatedParties_d1901cbb-8883-40f6-8469-33582d4c35f4" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationNotesPayableRelatedParties"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationNotesPayableRelatedParties_d1901cbb-8883-40f6-8469-33582d4c35f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationAccountsPayableAndAccruedExpenses_da960692-f2fa-486f-bf31-ce752f1c4074" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationAccountsPayableAndAccruedExpenses"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationAccountsPayableAndAccruedExpenses_da960692-f2fa-486f-bf31-ce752f1c4074" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationDueToRelatedParties_68d78d4c-ed69-470f-8782-e97e1ea359f9" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationDueToRelatedParties"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationDueToRelatedParties_68d78d4c-ed69-470f-8782-e97e1ea359f9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationOperatingLeaseLiabilities_c8b400d0-0753-4f14-9bf2-6a8c3333a2fc" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationOperatingLeaseLiabilities"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationOperatingLeaseLiabilities_c8b400d0-0753-4f14-9bf2-6a8c3333a2fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationOtherLiabilities_88952ba1-0d8c-4315-8413-9a33f9d01d51" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationOtherLiabilities"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationOtherLiabilities_88952ba1-0d8c-4315-8413-9a33f9d01d51" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashConsolidationNoncontrollingInterests_a9e259c5-bbc0-46c9-89ff-5de075f0b074" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashConsolidationNoncontrollingInterests"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashConslidationAbstract_693792c8-6578-423b-8668-ef35ab01df15" xlink:to="loc_cwd_NoncashOrPartNoncashConsolidationNoncontrollingInterests_a9e259c5-bbc0-46c9-89ff-5de075f0b074" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationAbstract"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherSignificantNoncashTransactionsLineItems_13ebc58b-8220-4d64-a043-5a521b5d78a4" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationRealEstateInvestmentsNet_33af0f54-507d-447b-a697-d49db6db8466" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationRealEstateInvestmentsNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationRealEstateInvestmentsNet_33af0f54-507d-447b-a697-d49db6db8466" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationAccountsReceivableNet_3f437df7-14a6-4073-b4d2-a0b9385ef12f" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationAccountsReceivableNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationAccountsReceivableNet_3f437df7-14a6-4073-b4d2-a0b9385ef12f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationOperatingLeaseRightOfUseAssets_87138f42-c067-49ce-af47-78ce7c9196d4" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationOperatingLeaseRightOfUseAssets"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationOperatingLeaseRightOfUseAssets_87138f42-c067-49ce-af47-78ce7c9196d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationPrepaidAndOtherAssets_d8d641ac-adcb-4e10-afb2-1f6533363d63" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationPrepaidAndOtherAssets"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationPrepaidAndOtherAssets_d8d641ac-adcb-4e10-afb2-1f6533363d63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationDueFromRelatedParties_12852961-e2bc-4d23-84a3-b99dba4725c1" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationDueFromRelatedParties"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationDueFromRelatedParties_12852961-e2bc-4d23-84a3-b99dba4725c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationDueToRelatedParties_bd8ff18d-523f-4242-92ca-c2aa14fa6cd6" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationDueToRelatedParties"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationDueToRelatedParties_bd8ff18d-523f-4242-92ca-c2aa14fa6cd6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationNotesPayableNet_c2c80bfc-2a26-494b-9579-c1798d0e9d52" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationNotesPayableNet"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationNotesPayableNet_c2c80bfc-2a26-494b-9579-c1798d0e9d52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationNotesPayableRelatedParties_1977ed50-7c0d-43e7-b6db-fa6dbc7575be" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationNotesPayableRelatedParties"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationNotesPayableRelatedParties_1977ed50-7c0d-43e7-b6db-fa6dbc7575be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationAccountsPayableAndAccruedExpenses_d9d0ed3a-e8cf-42e7-af02-db84e7018f63" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationAccountsPayableAndAccruedExpenses"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationAccountsPayableAndAccruedExpenses_d9d0ed3a-e8cf-42e7-af02-db84e7018f63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationOperatingLeaseLiabilities_9ae31f87-6425-4f7a-a3bd-1e3f52fa8b01" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationOperatingLeaseLiabilities"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationOperatingLeaseLiabilities_9ae31f87-6425-4f7a-a3bd-1e3f52fa8b01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationOtherLiabilities_b34e37b3-08a2-4723-afcb-f7313581c160" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationOtherLiabilities"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationOtherLiabilities_b34e37b3-08a2-4723-afcb-f7313581c160" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NoncashOrPartNoncashDeconsolidationNoncontrollingInterests_f5187e09-0c74-4af1-9057-505aea5aef2d" xlink:href="cwd-20240331.xsd#cwd_NoncashOrPartNoncashDeconsolidationNoncontrollingInterests"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cwd_NoncashOrPartNoncashDeconsolidationAbstract_685adc91-1064-42f5-af5a-7317d09b7129" xlink:to="loc_cwd_NoncashOrPartNoncashDeconsolidationNoncontrollingInterests_f5187e09-0c74-4af1-9057-505aea5aef2d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/CommitmentsandContingenciesDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#CommitmentsandContingenciesDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/CommitmentsandContingenciesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_20a3d387-d15c-486d-8fbd-b462b90f04ef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsTable_1f0ec36c-820b-42b2-a842-ef22c29d837f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherCommitmentsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_20a3d387-d15c-486d-8fbd-b462b90f04ef" xlink:to="loc_us-gaap_OtherCommitmentsTable_1f0ec36c-820b-42b2-a842-ef22c29d837f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_59bf622f-a418-4fa1-aab9-34f789cbbac7" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsTable_1f0ec36c-820b-42b2-a842-ef22c29d837f" xlink:to="loc_srt_ConsolidatedEntitiesAxis_59bf622f-a418-4fa1-aab9-34f789cbbac7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_f34c6ee7-208e-403f-9402-ab30bfe27e1c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_59bf622f-a418-4fa1-aab9-34f789cbbac7" xlink:to="loc_srt_ConsolidatedEntitiesDomain_f34c6ee7-208e-403f-9402-ab30bfe27e1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_77287dd3-6a1f-4a70-bdd0-5a280689b28a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_f34c6ee7-208e-403f-9402-ab30bfe27e1c" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_77287dd3-6a1f-4a70-bdd0-5a280689b28a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OwnershipAxis_565498d9-5faf-4c34-867a-aaf84e3ee0ec" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_OwnershipAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsTable_1f0ec36c-820b-42b2-a842-ef22c29d837f" xlink:to="loc_srt_OwnershipAxis_565498d9-5faf-4c34-867a-aaf84e3ee0ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OwnershipDomain_e8a91d93-6b2d-456f-9bbb-e709473355c2" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_OwnershipDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipAxis_565498d9-5faf-4c34-867a-aaf84e3ee0ec" xlink:to="loc_srt_OwnershipDomain_e8a91d93-6b2d-456f-9bbb-e709473355c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CaliberTaxAdvantageOpportunityFundLPMember_08cebc84-a8de-42bf-b44b-3515531f810d" xlink:href="cwd-20240331.xsd#cwd_CaliberTaxAdvantageOpportunityFundLPMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipDomain_e8a91d93-6b2d-456f-9bbb-e709473355c2" xlink:to="loc_cwd_CaliberTaxAdvantageOpportunityFundLPMember_08cebc84-a8de-42bf-b44b-3515531f810d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CaliberTaxAdvantagedOpportunityFundIILLCMember_0873137b-0d98-4e7e-84bc-b40dd43b31e7" xlink:href="cwd-20240331.xsd#cwd_CaliberTaxAdvantagedOpportunityFundIILLCMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipDomain_e8a91d93-6b2d-456f-9bbb-e709473355c2" xlink:to="loc_cwd_CaliberTaxAdvantagedOpportunityFundIILLCMember_0873137b-0d98-4e7e-84bc-b40dd43b31e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_57ba6bf6-a983-4841-a6ac-61d533d8b052" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LegalEntityAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsTable_1f0ec36c-820b-42b2-a842-ef22c29d837f" xlink:to="loc_dei_LegalEntityAxis_57ba6bf6-a983-4841-a6ac-61d533d8b052" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_5e2e30be-7a33-4dc3-bb1d-31f905e091ee" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_57ba6bf6-a983-4841-a6ac-61d533d8b052" xlink:to="loc_dei_EntityDomain_5e2e30be-7a33-4dc3-bb1d-31f905e091ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_CaliberTaxAdvantageOpportunityFundLPMember_7a34157f-8dcc-45c3-85ca-d7c0a9ca5eb3" xlink:href="cwd-20240331.xsd#cwd_CaliberTaxAdvantageOpportunityFundLPMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_5e2e30be-7a33-4dc3-bb1d-31f905e091ee" xlink:to="loc_cwd_CaliberTaxAdvantageOpportunityFundLPMember_7a34157f-8dcc-45c3-85ca-d7c0a9ca5eb3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsLineItems_d6f65978-1356-4a7c-8ee9-522203209c6b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherCommitmentsLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsTable_1f0ec36c-820b-42b2-a842-ef22c29d837f" xlink:to="loc_us-gaap_OtherCommitmentsLineItems_d6f65978-1356-4a7c-8ee9-522203209c6b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_LimitedLiabilityCompanyOrLimitedPartnershipInternalRateOfReturnThreshold_53f3d0f4-2432-4a21-bc30-dd582d0e7acd" xlink:href="cwd-20240331.xsd#cwd_LimitedLiabilityCompanyOrLimitedPartnershipInternalRateOfReturnThreshold"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsLineItems_d6f65978-1356-4a7c-8ee9-522203209c6b" xlink:to="loc_cwd_LimitedLiabilityCompanyOrLimitedPartnershipInternalRateOfReturnThreshold_53f3d0f4-2432-4a21-bc30-dd582d0e7acd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_FranchiseAgreementFees_7fda4a74-3117-4a19-b16a-d47d857c9af3" xlink:href="cwd-20240331.xsd#cwd_FranchiseAgreementFees"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsLineItems_d6f65978-1356-4a7c-8ee9-522203209c6b" xlink:to="loc_cwd_FranchiseAgreementFees_7fda4a74-3117-4a19-b16a-d47d857c9af3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/NetIncomeLossPerShareScheduleofEarningsPerShareBasicandDilutedDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#NetIncomeLossPerShareScheduleofEarningsPerShareBasicandDilutedDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/NetIncomeLossPerShareScheduleofEarningsPerShareBasicandDilutedDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_c8ccf44b-9c6e-4e3b-a799-86d541fb86f7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract_66214a49-e937-4b65-b3ba-ae10360c500f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_c8ccf44b-9c6e-4e3b-a799-86d541fb86f7" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract_66214a49-e937-4b65-b3ba-ae10360c500f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_5092edf9-03cb-43b1-994c-aba0361df8ea" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract_66214a49-e937-4b65-b3ba-ae10360c500f" xlink:to="loc_us-gaap_NetIncomeLoss_5092edf9-03cb-43b1-994c-aba0361df8ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_InterestOnConvertibleDebtNetOfTaxAndAdjustments_584dbe63-8551-4abf-8a3d-340285ad54bb" xlink:href="cwd-20240331.xsd#cwd_InterestOnConvertibleDebtNetOfTaxAndAdjustments"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract_66214a49-e937-4b65-b3ba-ae10360c500f" xlink:to="loc_cwd_InterestOnConvertibleDebtNetOfTaxAndAdjustments_584dbe63-8551-4abf-8a3d-340285ad54bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_f414df59-ae1f-45c2-8151-8e6838cbff3b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract_66214a49-e937-4b65-b3ba-ae10360c500f" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_f414df59-ae1f-45c2-8151-8e6838cbff3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_60a58917-b019-4e2d-8c99-694f9b8d72a1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_c8ccf44b-9c6e-4e3b-a799-86d541fb86f7" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_60a58917-b019-4e2d-8c99-694f9b8d72a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_51003afa-1a9d-4f65-9e0d-cd5bf0477201" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_60a58917-b019-4e2d-8c99-694f9b8d72a1" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_51003afa-1a9d-4f65-9e0d-cd5bf0477201" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_6a2dcde6-e27b-4333-aded-6b43a7f56258" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_60a58917-b019-4e2d-8c99-694f9b8d72a1" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_6a2dcde6-e27b-4333-aded-6b43a7f56258" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_a376d0f8-0258-4857-804c-e433629cab13" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_c8ccf44b-9c6e-4e3b-a799-86d541fb86f7" xlink:to="loc_us-gaap_EarningsPerShareBasic_a376d0f8-0258-4857-804c-e433629cab13" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_9da7591f-9bc8-4efe-bb14-9fca7c304f63" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_c8ccf44b-9c6e-4e3b-a799-86d541fb86f7" xlink:to="loc_us-gaap_EarningsPerShareDiluted_9da7591f-9bc8-4efe-bb14-9fca7c304f63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/NetIncomeLossPerShareScheduleofAntidilutiveSecuritiesExcludedfromComputationofEarningsPerShareDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#NetIncomeLossPerShareScheduleofAntidilutiveSecuritiesExcludedfromComputationofEarningsPerShareDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/NetIncomeLossPerShareScheduleofAntidilutiveSecuritiesExcludedfromComputationofEarningsPerShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_c7448d6b-9d06-4d4b-bd0e-26f5014cad44" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_7ae093fe-51af-4fd8-bfdd-058b5e65d88b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_c7448d6b-9d06-4d4b-bd0e-26f5014cad44" xlink:to="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_7ae093fe-51af-4fd8-bfdd-058b5e65d88b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_60498ff7-8db5-4470-8691-371b829a6019" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_7ae093fe-51af-4fd8-bfdd-058b5e65d88b" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_60498ff7-8db5-4470-8691-371b829a6019" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesNameDomain_71fd4225-5f84-4203-b989-7d9b44181dbf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AntidilutiveSecuritiesNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_60498ff7-8db5-4470-8691-371b829a6019" xlink:to="loc_us-gaap_AntidilutiveSecuritiesNameDomain_71fd4225-5f84-4203-b989-7d9b44181dbf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeStockOptionMember_0c19cd3a-49f0-4b5c-bd42-3d35213cfb22" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeStockOptionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_71fd4225-5f84-4203-b989-7d9b44181dbf" xlink:to="loc_us-gaap_EmployeeStockOptionMember_0c19cd3a-49f0-4b5c-bd42-3d35213cfb22" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtSecuritiesMember_b24f24dd-8c9a-4676-85c0-3939181d4ce4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleDebtSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_71fd4225-5f84-4203-b989-7d9b44181dbf" xlink:to="loc_us-gaap_ConvertibleDebtSecuritiesMember_b24f24dd-8c9a-4676-85c0-3939181d4ce4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_651a6914-7b66-461e-a89b-e21dd61210da" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_7ae093fe-51af-4fd8-bfdd-058b5e65d88b" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_651a6914-7b66-461e-a89b-e21dd61210da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_7ac1d11b-6edf-4086-a9b7-fc0ef44cf4d8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_651a6914-7b66-461e-a89b-e21dd61210da" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_7ac1d11b-6edf-4086-a9b7-fc0ef44cf4d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/FairValueofFinancialInstrumentNarrativeDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#FairValueofFinancialInstrumentNarrativeDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/FairValueofFinancialInstrumentNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_beed8ab2-a05d-461c-8db8-a03e4d8780cf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b0aa0938-64ba-4d9f-94ac-a82b38ed05d8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByBalanceSheetGroupingTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_beed8ab2-a05d-461c-8db8-a03e4d8780cf" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b0aa0938-64ba-4d9f-94ac-a82b38ed05d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_f1874ac4-5151-44b6-a11d-16834d89368d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b0aa0938-64ba-4d9f-94ac-a82b38ed05d8" xlink:to="loc_srt_ConsolidatedEntitiesAxis_f1874ac4-5151-44b6-a11d-16834d89368d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_66def01b-d6d7-425f-b908-063d846d2282" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_f1874ac4-5151-44b6-a11d-16834d89368d" xlink:to="loc_srt_ConsolidatedEntitiesDomain_66def01b-d6d7-425f-b908-063d846d2282" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_1ed20b3b-500f-4999-872b-d6606232727f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_66def01b-d6d7-425f-b908-063d846d2282" xlink:to="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_1ed20b3b-500f-4999-872b-d6606232727f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_bd106b9b-5e82-469e-953b-85aad5db0443" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b0aa0938-64ba-4d9f-94ac-a82b38ed05d8" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_bd106b9b-5e82-469e-953b-85aad5db0443" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_2a3b2be9-6ebe-4e8c-ae0e-cc19b7cff1fa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_bd106b9b-5e82-469e-953b-85aad5db0443" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_2a3b2be9-6ebe-4e8c-ae0e-cc19b7cff1fa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredDebtMember_2214a0c0-5295-4555-b0d9-a34e87881c37" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SecuredDebtMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_2a3b2be9-6ebe-4e8c-ae0e-cc19b7cff1fa" xlink:to="loc_us-gaap_SecuredDebtMember_2214a0c0-5295-4555-b0d9-a34e87881c37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_445a8311-9809-4aba-b2c0-5190a769ebd9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b0aa0938-64ba-4d9f-94ac-a82b38ed05d8" xlink:to="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_445a8311-9809-4aba-b2c0-5190a769ebd9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_753279c1-6bbf-4039-a34e-10ae323d2d3a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_445a8311-9809-4aba-b2c0-5190a769ebd9" xlink:to="loc_us-gaap_LongTermDebt_753279c1-6bbf-4039-a34e-10ae323d2d3a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtFairValue_8488808c-d950-4e8b-ae95-4763d5a5da37" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtFairValue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_445a8311-9809-4aba-b2c0-5190a769ebd9" xlink:to="loc_us-gaap_LongTermDebtFairValue_8488808c-d950-4e8b-ae95-4763d5a5da37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/FairValueofFinancialInstrumentDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#FairValueofFinancialInstrumentDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/FairValueofFinancialInstrumentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_464dd679-6fd4-473a-9fb8-805b073af2e2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_62df8610-46fb-4de7-a106-5d2b4588eb9b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByBalanceSheetGroupingTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_464dd679-6fd4-473a-9fb8-805b073af2e2" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_62df8610-46fb-4de7-a106-5d2b4588eb9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_ffe48c99-edf9-4faf-9f5b-2c2392b70268" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByMeasurementBasisAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_62df8610-46fb-4de7-a106-5d2b4588eb9b" xlink:to="loc_us-gaap_FairValueByMeasurementBasisAxis_ffe48c99-edf9-4faf-9f5b-2c2392b70268" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_1b08fc3c-25a9-49e8-8d89-4ae6b796a0f4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosureItemAmountsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_ffe48c99-edf9-4faf-9f5b-2c2392b70268" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_1b08fc3c-25a9-49e8-8d89-4ae6b796a0f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_8c460f7f-f714-4445-99a7-e4f26e043196" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_1b08fc3c-25a9-49e8-8d89-4ae6b796a0f4" xlink:to="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_8c460f7f-f714-4445-99a7-e4f26e043196" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_297cb2f9-043f-4e52-92a3-af87ce0fca62" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_8c460f7f-f714-4445-99a7-e4f26e043196" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_297cb2f9-043f-4e52-92a3-af87ce0fca62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_15bb4c2d-b31b-4051-89af-4488b1dbcfe4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_8c460f7f-f714-4445-99a7-e4f26e043196" xlink:to="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_15bb4c2d-b31b-4051-89af-4488b1dbcfe4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_875f144e-2cd7-4ca2-ba79-3c465b163d47" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_62df8610-46fb-4de7-a106-5d2b4588eb9b" xlink:to="loc_us-gaap_DebtInstrumentAxis_875f144e-2cd7-4ca2-ba79-3c465b163d47" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_cc5fe0d6-6c12-461b-b8ad-562f56cb1cdc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_875f144e-2cd7-4ca2-ba79-3c465b163d47" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_cc5fe0d6-6c12-461b-b8ad-562f56cb1cdc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableHamptonInnSuitesHotelMember_13284610-cb76-4691-94a9-cc23d1c552c1" xlink:href="cwd-20240331.xsd#cwd_NotesPayableHamptonInnSuitesHotelMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_cc5fe0d6-6c12-461b-b8ad-562f56cb1cdc" xlink:to="loc_cwd_NotesPayableHamptonInnSuitesHotelMember_13284610-cb76-4691-94a9-cc23d1c552c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableSouthpointeFundcoLLCMember_760a8778-7e62-4822-8283-f5284a8ac4a5" xlink:href="cwd-20240331.xsd#cwd_NotesPayableSouthpointeFundcoLLCMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_cc5fe0d6-6c12-461b-b8ad-562f56cb1cdc" xlink:to="loc_cwd_NotesPayableSouthpointeFundcoLLCMember_760a8778-7e62-4822-8283-f5284a8ac4a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableTucsonEastLLCMember_51e80c18-b03e-41b8-8394-5adc319b51b1" xlink:href="cwd-20240331.xsd#cwd_NotesPayableTucsonEastLLCMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_cc5fe0d6-6c12-461b-b8ad-562f56cb1cdc" xlink:to="loc_cwd_NotesPayableTucsonEastLLCMember_51e80c18-b03e-41b8-8394-5adc319b51b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_NotesPayableWestFrontierLLCMember_a41cb2a0-c38a-483d-a8fb-ea33a0738488" xlink:href="cwd-20240331.xsd#cwd_NotesPayableWestFrontierLLCMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_cc5fe0d6-6c12-461b-b8ad-562f56cb1cdc" xlink:to="loc_cwd_NotesPayableWestFrontierLLCMember_a41cb2a0-c38a-483d-a8fb-ea33a0738488" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_57c774f3-0584-4eb1-a8f2-85ac1f7a907b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_62df8610-46fb-4de7-a106-5d2b4588eb9b" xlink:to="loc_srt_ConsolidatedEntitiesAxis_57c774f3-0584-4eb1-a8f2-85ac1f7a907b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_71562304-c25e-4d68-877a-912e5b7c6fab" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_57c774f3-0584-4eb1-a8f2-85ac1f7a907b" xlink:to="loc_srt_ConsolidatedEntitiesDomain_71562304-c25e-4d68-877a-912e5b7c6fab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_0119fde4-90e9-4df1-8388-4a8bad3b0b77" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_71562304-c25e-4d68-877a-912e5b7c6fab" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_0119fde4-90e9-4df1-8388-4a8bad3b0b77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_1c7ee21a-4f9e-4793-9a33-005073a9f4b3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_62df8610-46fb-4de7-a106-5d2b4588eb9b" xlink:to="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_1c7ee21a-4f9e-4793-9a33-005073a9f4b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesPayableFairValueDisclosure_6720210c-a24f-4fd0-82ae-c25999be2bd0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesPayableFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_1c7ee21a-4f9e-4793-9a33-005073a9f4b3" xlink:to="loc_us-gaap_NotesPayableFairValueDisclosure_6720210c-a24f-4fd0-82ae-c25999be2bd0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_5e990774-8435-44d3-83a8-0ac6a1345d6c" xlink:href="cwd-20240331.xsd#cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_1c7ee21a-4f9e-4793-9a33-005073a9f4b3" xlink:to="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_5e990774-8435-44d3-83a8-0ac6a1345d6c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/DerivativeInstrumentsNotionalAmountsDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#DerivativeInstrumentsNotionalAmountsDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/DerivativeInstrumentsNotionalAmountsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_18d732f1-b206-4def-93fb-632b5a97d510" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_01a10f21-2cbb-4b60-9b23-56c502dceb69" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_18d732f1-b206-4def-93fb-632b5a97d510" xlink:to="loc_us-gaap_DerivativeTable_01a10f21-2cbb-4b60-9b23-56c502dceb69" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_005a20db-3abd-4e29-a885-71b8c1970ff2" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_01a10f21-2cbb-4b60-9b23-56c502dceb69" xlink:to="loc_srt_ConsolidatedEntitiesAxis_005a20db-3abd-4e29-a885-71b8c1970ff2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_804f163c-86d7-44c7-9c8b-e821964a6565" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_005a20db-3abd-4e29-a885-71b8c1970ff2" xlink:to="loc_srt_ConsolidatedEntitiesDomain_804f163c-86d7-44c7-9c8b-e821964a6565" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_02a9c59b-616d-47e8-82e0-990bfce30101" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_804f163c-86d7-44c7-9c8b-e821964a6565" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_02a9c59b-616d-47e8-82e0-990bfce30101" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_0d8d09ae-5429-44ee-a248-8538aeeed445" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_01a10f21-2cbb-4b60-9b23-56c502dceb69" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_0d8d09ae-5429-44ee-a248-8538aeeed445" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_91a0bf84-b766-4a46-8a83-c598a9bdb9d9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_0d8d09ae-5429-44ee-a248-8538aeeed445" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_91a0bf84-b766-4a46-8a83-c598a9bdb9d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_230c7e1b-54d4-458a-8ec4-300a56e27376" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_91a0bf84-b766-4a46-8a83-c598a9bdb9d9" xlink:to="loc_us-gaap_InterestRateSwapMember_230c7e1b-54d4-458a-8ec4-300a56e27376" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateCapMember_c466c2bd-2127-4e28-8d71-d64f140e3f1e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateCapMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_91a0bf84-b766-4a46-8a83-c598a9bdb9d9" xlink:to="loc_us-gaap_InterestRateCapMember_c466c2bd-2127-4e28-8d71-d64f140e3f1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationAxis_44b7ce8a-3c97-439c-9f84-a6ba55ca6d8f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgingDesignationAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_01a10f21-2cbb-4b60-9b23-56c502dceb69" xlink:to="loc_us-gaap_HedgingDesignationAxis_44b7ce8a-3c97-439c-9f84-a6ba55ca6d8f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationDomain_d7df07d1-55a6-4cd5-b50f-18a69109ae7c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgingDesignationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_44b7ce8a-3c97-439c-9f84-a6ba55ca6d8f" xlink:to="loc_us-gaap_HedgingDesignationDomain_d7df07d1-55a6-4cd5-b50f-18a69109ae7c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NondesignatedMember_40609355-52f9-4b62-9a41-0f504e3ed3ba" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NondesignatedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_d7df07d1-55a6-4cd5-b50f-18a69109ae7c" xlink:to="loc_us-gaap_NondesignatedMember_40609355-52f9-4b62-9a41-0f504e3ed3ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_1eef9456-5aa7-4b0e-a9df-6781c06a0fb5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_01a10f21-2cbb-4b60-9b23-56c502dceb69" xlink:to="loc_us-gaap_DerivativeLineItems_1eef9456-5aa7-4b0e-a9df-6781c06a0fb5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeNumberOfInstrumentsHeld_53a2f305-220d-4b2e-9230-52c29fd1501c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeNumberOfInstrumentsHeld"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_1eef9456-5aa7-4b0e-a9df-6781c06a0fb5" xlink:to="loc_us-gaap_DerivativeNumberOfInstrumentsHeld_53a2f305-220d-4b2e-9230-52c29fd1501c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeNotionalAmount_a4778d7c-8795-4bc9-8f91-d19fc457d0c0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeNotionalAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_1eef9456-5aa7-4b0e-a9df-6781c06a0fb5" xlink:to="loc_us-gaap_DerivativeNotionalAmount_a4778d7c-8795-4bc9-8f91-d19fc457d0c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/DerivativeInstrumentsFairValuesbyBalanceSheetLocationDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#DerivativeInstrumentsFairValuesbyBalanceSheetLocationDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/DerivativeInstrumentsFairValuesbyBalanceSheetLocationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_7405bca7-a5d2-4b05-a806-814270a82692" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_daa5da1f-036a-4714-9e33-34553c3fb8ee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_7405bca7-a5d2-4b05-a806-814270a82692" xlink:to="loc_us-gaap_DerivativeTable_daa5da1f-036a-4714-9e33-34553c3fb8ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_75b92314-8ff0-42f5-ac48-8b2c49b0534d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_daa5da1f-036a-4714-9e33-34553c3fb8ee" xlink:to="loc_srt_ConsolidatedEntitiesAxis_75b92314-8ff0-42f5-ac48-8b2c49b0534d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_40602444-e384-4946-a4fc-04b0e7e36040" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_75b92314-8ff0-42f5-ac48-8b2c49b0534d" xlink:to="loc_srt_ConsolidatedEntitiesDomain_40602444-e384-4946-a4fc-04b0e7e36040" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_42548b63-2899-419e-adc5-57f95f35005c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_40602444-e384-4946-a4fc-04b0e7e36040" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_42548b63-2899-419e-adc5-57f95f35005c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_d5e0603f-fbfb-429e-8f13-333f2d8d0c7e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_daa5da1f-036a-4714-9e33-34553c3fb8ee" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_d5e0603f-fbfb-429e-8f13-333f2d8d0c7e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_d209fc3c-54ee-4e46-bd3b-6fd7a941ef82" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_d5e0603f-fbfb-429e-8f13-333f2d8d0c7e" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_d209fc3c-54ee-4e46-bd3b-6fd7a941ef82" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_983c297c-80f7-41d7-872d-5a7e8aca1cc7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_d209fc3c-54ee-4e46-bd3b-6fd7a941ef82" xlink:to="loc_us-gaap_InterestRateSwapMember_983c297c-80f7-41d7-872d-5a7e8aca1cc7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateCapMember_108b1371-da92-4bbe-a86c-a8dea22cf2ca" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateCapMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_d209fc3c-54ee-4e46-bd3b-6fd7a941ef82" xlink:to="loc_us-gaap_InterestRateCapMember_108b1371-da92-4bbe-a86c-a8dea22cf2ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationAxis_99b5a694-65a6-4e52-90a8-e3eaff5bfed0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgingDesignationAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_daa5da1f-036a-4714-9e33-34553c3fb8ee" xlink:to="loc_us-gaap_HedgingDesignationAxis_99b5a694-65a6-4e52-90a8-e3eaff5bfed0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationDomain_82def28a-cffa-4850-ad66-a633bb2f6dfa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_HedgingDesignationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_99b5a694-65a6-4e52-90a8-e3eaff5bfed0" xlink:to="loc_us-gaap_HedgingDesignationDomain_82def28a-cffa-4850-ad66-a633bb2f6dfa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NondesignatedMember_7e8af1b1-b6fd-4350-b647-760c8d85c517" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NondesignatedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_82def28a-cffa-4850-ad66-a633bb2f6dfa" xlink:to="loc_us-gaap_NondesignatedMember_7e8af1b1-b6fd-4350-b647-760c8d85c517" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_c2075036-c434-4078-8350-a1396a123bc3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_daa5da1f-036a-4714-9e33-34553c3fb8ee" xlink:to="loc_us-gaap_DerivativeLineItems_c2075036-c434-4078-8350-a1396a123bc3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_a6c6cd01-a15a-44b8-83c5-4c92d5261e0b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_c2075036-c434-4078-8350-a1396a123bc3" xlink:to="loc_us-gaap_DerivativeAssets_a6c6cd01-a15a-44b8-83c5-4c92d5261e0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/DerivativeInstrumentsGainLossDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#DerivativeInstrumentsGainLossDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/DerivativeInstrumentsGainLossDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_891623a0-0cf0-4202-94f7-b420b90c0765" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_d0b5a570-d80f-4193-bb18-edacffea6eaf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_891623a0-0cf0-4202-94f7-b420b90c0765" xlink:to="loc_us-gaap_DerivativeTable_d0b5a570-d80f-4193-bb18-edacffea6eaf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_c19135d7-e49e-4e47-bc66-078c3d46e48d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_d0b5a570-d80f-4193-bb18-edacffea6eaf" xlink:to="loc_srt_ConsolidatedEntitiesAxis_c19135d7-e49e-4e47-bc66-078c3d46e48d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_090e0fc8-52f5-4696-953a-0be562431ede" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_c19135d7-e49e-4e47-bc66-078c3d46e48d" xlink:to="loc_srt_ConsolidatedEntitiesDomain_090e0fc8-52f5-4696-953a-0be562431ede" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_ffb39670-6896-41ed-90b9-62695da047cc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_090e0fc8-52f5-4696-953a-0be562431ede" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_ffb39670-6896-41ed-90b9-62695da047cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_6cb42d0b-9a0c-4ba0-bbe5-1194b6dacc16" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_d0b5a570-d80f-4193-bb18-edacffea6eaf" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_6cb42d0b-9a0c-4ba0-bbe5-1194b6dacc16" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_965f65c8-edf6-481a-9bfb-4f363efe86f2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_6cb42d0b-9a0c-4ba0-bbe5-1194b6dacc16" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_965f65c8-edf6-481a-9bfb-4f363efe86f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_0bc3100a-b36d-48a7-ba0a-207c12448d99" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_965f65c8-edf6-481a-9bfb-4f363efe86f2" xlink:to="loc_us-gaap_InterestRateSwapMember_0bc3100a-b36d-48a7-ba0a-207c12448d99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateCapMember_4df8e97e-9364-4a03-89c3-1d3d4b9dafe7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateCapMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_965f65c8-edf6-481a-9bfb-4f363efe86f2" xlink:to="loc_us-gaap_InterestRateCapMember_4df8e97e-9364-4a03-89c3-1d3d4b9dafe7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_9ce70e13-935d-48cb-96d1-86d44bbb2442" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_d0b5a570-d80f-4193-bb18-edacffea6eaf" xlink:to="loc_us-gaap_DerivativeLineItems_9ce70e13-935d-48cb-96d1-86d44bbb2442" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_5c7160f2-7755-4c87-a79a-0c5d29354f46" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_9ce70e13-935d-48cb-96d1-86d44bbb2442" xlink:to="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_5c7160f2-7755-4c87-a79a-0c5d29354f46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_6ae39d80-859c-4cff-a98a-e6a2d3a03128" xlink:href="cwd-20240331.xsd#cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_9ce70e13-935d-48cb-96d1-86d44bbb2442" xlink:to="loc_cwd_VariableInterestEntityNumberOfEntitiesDeconsolidatedDuringPeriod_6ae39d80-859c-4cff-a98a-e6a2d3a03128" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://caliberco.com/role/SubsequentEventsDetails" xlink:type="simple" xlink:href="cwd-20240331.xsd#SubsequentEventsDetails"/>
  <link:presentationLink xlink:role="http://caliberco.com/role/SubsequentEventsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsAbstract_c40f8916-fc0f-4f63-a008-ce533fdf7b10" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTable_1bfbfe5b-58e4-48db-9975-1554c1ce39f2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventsAbstract_c40f8916-fc0f-4f63-a008-ce533fdf7b10" xlink:to="loc_us-gaap_SubsequentEventTable_1bfbfe5b-58e4-48db-9975-1554c1ce39f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_bb04b2d9-9694-4230-8ebd-e3116ad351a8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_1bfbfe5b-58e4-48db-9975-1554c1ce39f2" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_bb04b2d9-9694-4230-8ebd-e3116ad351a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_9b80b48f-89a8-444b-8b85-eba8aace0d09" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_bb04b2d9-9694-4230-8ebd-e3116ad351a8" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_9b80b48f-89a8-444b-8b85-eba8aace0d09" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventMember_cccbbb12-2fb8-4232-b498-6910fba6b87c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_9b80b48f-89a8-444b-8b85-eba8aace0d09" xlink:to="loc_us-gaap_SubsequentEventMember_cccbbb12-2fb8-4232-b498-6910fba6b87c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestructuringPlanAxis_f346b0a3-3445-44aa-b158-991cc2807e5e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestructuringPlanAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_1bfbfe5b-58e4-48db-9975-1554c1ce39f2" xlink:to="loc_us-gaap_RestructuringPlanAxis_f346b0a3-3445-44aa-b158-991cc2807e5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestructuringPlanDomain_10c649c6-6118-4fff-9f91-53f04bbfc14e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestructuringPlanDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringPlanAxis_f346b0a3-3445-44aa-b158-991cc2807e5e" xlink:to="loc_us-gaap_RestructuringPlanDomain_10c649c6-6118-4fff-9f91-53f04bbfc14e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_ReductionInForceMember_425b830c-a31f-432a-8807-aacb7185e022" xlink:href="cwd-20240331.xsd#cwd_ReductionInForceMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestructuringPlanDomain_10c649c6-6118-4fff-9f91-53f04bbfc14e" xlink:to="loc_cwd_ReductionInForceMember_425b830c-a31f-432a-8807-aacb7185e022" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_f4fce302-48a7-4c1c-9a9d-dd5ff4f31712" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_1bfbfe5b-58e4-48db-9975-1554c1ce39f2" xlink:to="loc_srt_ConsolidatedEntitiesAxis_f4fce302-48a7-4c1c-9a9d-dd5ff4f31712" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_7ba84ae8-12d0-458f-a99c-3adef6acf7aa" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_f4fce302-48a7-4c1c-9a9d-dd5ff4f31712" xlink:to="loc_srt_ConsolidatedEntitiesDomain_7ba84ae8-12d0-458f-a99c-3adef6acf7aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_9175e21a-b5e7-4dab-8157-52192f8a8465" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_7ba84ae8-12d0-458f-a99c-3adef6acf7aa" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_9175e21a-b5e7-4dab-8157-52192f8a8465" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventLineItems_eaea67fa-1daa-42b4-b7ca-1fcaa2b3e67c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_1bfbfe5b-58e4-48db-9975-1554c1ce39f2" xlink:to="loc_us-gaap_SubsequentEventLineItems_eaea67fa-1daa-42b4-b7ca-1fcaa2b3e67c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent_a29fd3ea-59c8-4d7c-bad4-a33073ba793a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_eaea67fa-1daa-42b4-b7ca-1fcaa2b3e67c" xlink:to="loc_us-gaap_RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent_a29fd3ea-59c8-4d7c-bad4-a33073ba793a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_RestructuringAndRelatedCostExpectedAnnualCostSavings_38fee35f-68b6-4262-85d0-d77cb791092b" xlink:href="cwd-20240331.xsd#cwd_RestructuringAndRelatedCostExpectedAnnualCostSavings"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_eaea67fa-1daa-42b4-b7ca-1fcaa2b3e67c" xlink:to="loc_cwd_RestructuringAndRelatedCostExpectedAnnualCostSavings_38fee35f-68b6-4262-85d0-d77cb791092b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockValue_8535b21a-401a-413c-a138-ea496353f2d6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockValue"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_eaea67fa-1daa-42b4-b7ca-1fcaa2b3e67c" xlink:to="loc_us-gaap_PreferredStockValue_8535b21a-401a-413c-a138-ea496353f2d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_cwd_PreferredStockValueCommitted_7cd223ee-dd97-4d35-93bb-766868d8414d" xlink:href="cwd-20240331.xsd#cwd_PreferredStockValueCommitted"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_eaea67fa-1daa-42b4-b7ca-1fcaa2b3e67c" xlink:to="loc_cwd_PreferredStockValueCommitted_7cd223ee-dd97-4d35-93bb-766868d8414d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
