Updated Oct 29, 2024
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:
- Property Type: Development Site
- Transaction Amount: $33,500,000
- Address: 3211 Aviation Drive, Madera, CA
- Market: Madera
- Lender: X-Caliber Rural Capital - Jordan Blanchard & Mike Hammond
- Lender: CastleGreen Finance - Sal Tarsia
- Landlord: California Custom Processing - Leighton Allen
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
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