X-Caliber, an expert commercial real estate lender, announced that its affiliate companies X-Caliber Rural Capital (XRC) and CastleGreen Finance closed a $33.5 million combined transaction for the refinance of California Custom Processing’s (CCP) almond processing plant in Madera. XRC provided $29.5 million through the USDA’s Food Supply Chain Guaranteed Loan Program while CastleGreen provided $4 million of Commercial Property Assessed Clean Energy (C-PACE) financing through the California Statewide Communities Development Authority – Open PACE Program with Mike Hammond serving as executive managing director for origination at X-Caliber.
The current CCP facility is 65,000 square feet and will be used to finance new construction of an adjacent 52,500 square foot building along with renewable energy improvements such as a rooftop solar array and battery storage on existing facilities plus seismic resiliency improvements for expansion purposes. This loan marks another successful transaction by X-Caliber to help businesses grow their operations across America while also providing clean energy solutions that benefit both people and planet alike!
