$220 Million Deal Closed: X-Caliber Rural Capital and American Lending Center Power Transformative Osage Beach Resort
A landmark financing deal totaling $220 million has been successfully closed by an affiliate of X-Caliber Rural Capital, a licensed USDA OneRD lender, and American Lending Center (ALC). This substantial senior loan is dedicated to funding the ground-up construction and comprehensive redevelopment of Oasis at Lakeport, a massive national family resort and entertainment district located in Osage Beach, Missouri.
The Oasis at Lakeport project is poised to be a premier Midwest tourist destination, boasting a total estimated project cost of $495 million. The development is designed to be an all-encompassing family resort, featuring a 402-room Marriott hotel, a state-of-the-art conference center, a sprawling indoor waterpark, a large amusement park, and a host of varied amenities. The goal is to drive significant new tourism and economic activity to the Lake of the Ozarks region and the state of Missouri for decades.
Innovative Financing Through Rural PACE-X
The $220 million senior loan represents the centerpiece of a larger, innovative financing package totaling $285 million provided by X-Caliber’s affiliated entities. This structure utilized X-Caliber’s proprietary lending product, Rural PACE-X, a hybrid financing solution specifically engineered to support major economic development and energy efficiency projects in rural areas.
In addition to the senior construction funds, the financing package includes a substantial $65 million in Commercial Property Assessed Clean Energy (C-PACE) financing secured through X-Caliber affiliate, CastleGreen Finance. This $65 million is not only a significant portion of the total capital stack but also represents the largest C-PACE transaction to date for the state of Missouri and the largest ever closed by CastleGreen Finance.
The Power of Hybrid Funding
Rural PACE-X is designed to deliver high-leverage capital, specifically for projects exceeding $20 million, by seamlessly combining senior-secured construction financing with long-term C-PACE funding.
- Senior Conventional Funds: The $220 million in conventional funds are structured to provide crucial construction-through-stabilization financing for up to five years, ensuring the project has secure capital throughout its crucial development and initial operational phases.
- C-PACE Funds: The C-PACE component directly funds qualified energy efficiency, water conservation, and renewable energy improvements. This strategy not only lowers the overall long-term energy costs for the resort (estimated to save approximately $11 million over the lifetime of the improvements) but also reduces the amount of expensive conventional debt required.
This transaction marks the largest Rural PACE-X deal closed to date since the product’s launch in late 2024, demonstrating its immediate impact and effectiveness in unlocking complex, large-scale rural development projects.
Economic Impact and Strategic Partnerships
This major financing milestone was praised by the leadership of the involved firms as a transformational event for the region.
Chris Callahan, President and CEO of X-Caliber, highlighted the perfect fit of the financial tool for the project: “The Lakeport at Oasis project marks a transformational moment for Missouri and its communities. Rural PACE-X proved to be the ideal product to help bring it to life. The innovative financing structure helped make it possible to deliver a premier family resort; one that will drive economic growth, create jobs, and attract new tourism to the region and state for decades to come.”
John Shen, Founder and CEO of American Lending Center, emphasized the critical nature of directing capital to areas that need it most: “Oasis at Lakeport is more than a development—it’s a driver of long-term economic vitality for the region. We are proud to partner with X-Caliber Rural Capital to bring essential capital and job creation to regions where economic opportunities are often limited.”
Jordan Blanchard, Co-Founder of X-Caliber Rural Capital, reinforced the value of the partnership: “We value our partnership with American Lending Center in delivering innovative financing solutions that drive impactful development for large-scale projects in rural communities where conventional options are often limited. This brings much needed capital to projects that foster meaningful economic growth and lasting positive impact in rural communities.”
Project Details and Development Team
The Oasis at Lakeport project is being spearheaded by SkyView Partners and Tegethoff Development, a firm renowned for its expertise across suburban mixed-use projects, historic renovations, and boutique urban apartments.
Jeff Tegethoff, Founder and CEO of Tegethoff Development, acknowledged the wide-ranging community benefits: “This transformational project brings so many benefits to the local economy including well-paying jobs, tax revenues, and vibrant cultural entertainment.”
The extensive planning and structuring of the Rural PACE-X loan was expertly managed by the X-Caliber Advisors team, including Gregg Delany, Ken Lorman, and Gabe Mashaal, acting on behalf of Tegethoff Development.
Community and Sustainability Metrics
The resort is anticipated to deliver significant and lasting benefits to the Osage Beach area:
- Job Creation: The project will create approximately 1,500 construction jobs and generate 500 new full-time jobs upon completion, providing substantial employment opportunities for local residents.
- Tourism Boost: The completed resort is expected to draw an estimated 600,000 visitors annually, fueling growth across the regional hospitality sector.
- Sustainability: The integration of the C-PACE financing ensures the resort will feature state-of-the-art energy efficiency upgrades, contributing to a sustainable, future-ready performance model, as noted by Sal Tarsia, Managing Partner of CastleGreen Finance.
Construction Timeline
The immense project is slated for a phased rollout:
- Phase One (Spring 2026): The initial phase of construction, encompassing the rides, various attractions, restaurants, and the marina, is scheduled to open to the public.
- Phase Two (Late 2027): The highly anticipated Marriott hotel and the indoor waterpark are projected to open their doors, completing the major components of the resort complex.
This successful closing confirms the viability of complex, hybrid financing strategies for large-scale developments in rural markets, promising to deliver a high-value, high-impact family destination to the heart of Missouri.
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