Jon Day Of Reef Capital Partners Secures $182.2M Loan For Resort Development In Park City

The property asset involved in this transaction is a resort/hospitality located at West Horn Court in Park City, UT, associated with a loan amount of $182,200,000 for ground-up construction. The lenders include X-Caliber, CastleGreen Finance, and XRL-ALC, aiding in the financial backing of the project.

Summary of transaction details:

• Property Type: Resort/Hospitality
• Transaction Amount: $182,200,000
• Lender: X-Caliber, CastleGreen Finance & XRL-ALC
• Landlord: Jon Day - Reef Capital Partners
• Loan Type: Ground-Up Construction
• Senior-Secured Debt: $107,200,000 via XRL-ALC, LLC
• C-PACE Financing: $75,000,000 through CastleGreen Finance
• Significance: This transaction was executed using X-Caliber’s proprietary Rural PACE-X lending product.

Key individuals involved in the deal include Chris Callahan, Jordan Blanchard, Ken Lorman, Gabe Mashaal, Gregg Delany, and Sal Tarsia, representing various aspects of the transaction. Additionally, Jon Day is noted as the CFO of Reef Capital Partners, highlighting the leadership role in the execution of this transaction.