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3211 Aviation Dr Madera, CA...

Updated Oct 29, 2024

X-Caliber Rural Capital And CastleGreen Finance Secure $33.5M Loan For California Custom Processing In Madera, CA
FINANCEDDevelopment Site

X-Caliber Rural Capital And CastleGreen Finance Secure $33.5M Loan For California Custom Processing In Madera, CA

3211 Aviation Dr Madera, CA 93637, USA

$33,500,000

Building Size

Asset Type

Development Site

Closing

Aug 30, 2023

About this deal

AI

A $33.5 million loan deal was recently completed for California Custom Processing (CCP), located at 3211 Aviation Drive in Madera, CA. The development site spans 52,500 square feet in the Madera market. The loan was provided by X-Caliber Rural Capital, CastleGreen Finance, and their affiliates, X-Caliber Rural Capital and CastleGreen Finance. The financing combines USDA loans and C-PACE financing, offering CCP competitive long-term financing and supporting sustainability efforts in the almond industry.

Summary of transaction details:

The loan deal for California Custom Processing involved key individuals and companies, including Jordan Blanchard and Mike Hammond from X-Caliber Rural Capital, Sal Tarsia from CastleGreen Finance, and Leighton Allen representing California Custom Processing as the landlord.

Players

X-Caliber Rural Capital
X-Caliber Rural CapitalLender

Leighton Allen

Landlord

$67M

vol

2 deals

Landlord

Madera Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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