3 W. Main St, Suite 103
Irvington, NY 10533
Origo Cold Storage
$17MM C-PACE Financing
California produces 80% of the world’s almonds. The combined USDA and C-PACE transaction will help fund the new construction for a 254,000 square-foot almond storage facility where temps can dip to 32 degrees.
The transaction was part of a combined $52MM total funding that our affiliate companies – CastleGreen Finance and X-Caliber Rural Capital – did together with a $35MM USDA Food Supply Chain Loan and a $17MM C-PACE financing.
The unique structure not only provides long-term, low-cost financing but is designed to save the borrower a total of $3.7 million in reduced energy and water costs over the life of the improvements.
- Annual CO2 reduction of 98.5MT per year
- Annual energy reduction of 139,908 kWh per year
- Annual reduction of 11,462 gallons of water per year