Origo Cold Storage

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