X-Caliber Rural Capital & CastleGreen Finance Provides $52M Loan For Cold Storage Facility In Madera, CA

An industrial property located at 2647 Condor Road in Madera, CA has recently closed in a transaction. This property spans over 254,000 square feet and is situated in the Madera market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $52,000,000
• Lender: X-Caliber Rural Capital & CastleGreen Finance
• Landlord: Origo Investments
• Broker: Max Allen - ClearMarket

The loan amount for this transaction was $52,000,000. It was obtained through a construction loan. The deal included a $35 million USDA Food Supply Chain Loan from X-Caliber Rural Capital and a $17 million C-PACE financing from CastleGreen Finance. The loan terms were not specified in the available information.

Key individuals involved in this deal are Mike Hammond, the Executive Managing Director of X-Caliber; Max Allen, the Managing Director of ClearMarket; and Anna West, the Executive Managing Director of X-Caliber Rural Capital. The loan was originated by Mike Hammond and brokered by Max Allen.

X-Caliber Rural Capital (XRC) and CastleGreen Finance (CG), both affiliates of X-Caliber Capital, successfully closed this joint $52 million transaction for Origo Cold Storage in Madera, CA. The deal includes a $35 million USDA Food Supply Chain Guaranteed Loan executed by XRC and a $17 million C-PACE financing executed by CastleGreen. The main purpose of this transaction is to fund the construction of a 254,000 square-foot cold storage almond facility. Additionally, the improvements made through this funding are expected to result in reduced energy and water costs, saving the borrower an estimated $3.7 million over the lifetime of the facility.

For more information on X-Caliber's Bridge, FHA, USDA, and C-PACE platforms, you can reach out to them at [email protected].