FINANCEDOther
X-Caliber Provides $313,200,000 for Ultra-Luxury, Ground-Up Construction in Park City
W Horn Ct
$313,200,000
Building Size
—
Asset Type
Other
Closing
Aug 27, 2026
About this deal
AI
The transaction involves a ground-up construction loan located at West Horn Court in Park City, Utah. The loan amount is $313,200,000, designed to support the development of the property. Specific characteristics related to the asset type are categorized as "Other".
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $313,200,000
- Lender: Chris Callahan - X-Caliber
- Lender: Jordan Blanchard - XRL-ALC
- Lender: Sal Tarsia - CastleGreen Finance
- Borrower: Jon Day - Reef Capital Partners
- Loan Type: Ground-up construction
This transaction features key individuals such as Chris Callahan, Jordan Blanchard, Sal Tarsia, and Gabe Mashaal, each representing their respective lending companies. Jon Day serves as the CFO of Reef Capital Partners and represents the borrower in this loan transaction. The increased funding utilizes X-Caliber's proprietary Rural PACE-X lending product, which has closed over $1B since its launch in 2024.
On the Map
$313,200,000
Other
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Players
Park City Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93