CastleGreen And X-Caliber Capital Close $52M Loan For Origo Cold Storage In Madera, CA

An industrial property located at 2647 Condor Road in Madera, CA has recently undergone a closed loan transaction. The property spans over 254,000 square feet and is owned by Origo Investments.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $52,000,000
• Address: 2647 Condor Road, Madera, CA
• Market: Madera, CA

The loan deal involved two lenders, X-Caliber Rural Capital and CastleGreen Finance. X-Caliber Rural Capital provided a $35 million USDA Food Supply Chain Loan, while CastleGreen Finance offered a $17 million C-PACE financing. The loan was brokered by Max Allen from ClearMarket and originated by Mike Hammond from X-Caliber Capital.

This joint $52 million loan transaction funded the construction of a new cold storage almond facility. The facility is designed to reduce energy and water costs for the borrower, resulting in estimated savings of $3.7 million over its lifetime. For more information on X-Caliber's various platforms, including Bridge, FHA, USDA, and C-PACE, reach out to [email protected].