Rural PACE-X Offers Up to 85% LTC

X-Caliber and affiliate CastleGreen Finance offer an innovative financing solution that provides high-leverage financing for ground-up construction projects in micro-rural areas.

A micro-rural area is generally described as an area with a population of less than 20,000 and is not part of a Metropolitan Statistical Area.

Rural PACE-X combines X-Caliber’s conventional senior-secured funding with CastleGreen’s Commercial Property Assessed Clean Energy (C-PACE) tax assessment advance financing.

X-Caliber funds are intended to provide construction-through-stabilization financing for up to 5 years. C-PACE funds are intended to be long-term but are prepayable at the borrower’s discretion.

Here are some highlights of Rural PACE-X:

  • Restricted to areas with populations under 20,000 and not part of a Metropolitan Statistical Area. Please confirm eligibility with your loan originator.
  • Ideal for states and localities that allow C-PACE (to achieve the highest loan-to-cost)
  • Minimum project size $20MM, no maximum project size
  • 75% to 85% LTC depending on the local statutes related to C-CPACE
  • Eligible for any fee simple real estate project that pays property taxes including hospitality, manufacturing, office, warehouse and logistics, flex, retail, mixed-use, multifamily

Reach out to your loan originator or email info@x-caliber.com for more information.

Our Products in Action

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