X-Caliber Holdings LLC, a national direct commercial real estate lender specializing in impact lending, has announced the successful closing of a $26.3MM financing deal. This marks the company’s inaugural Rural PACE-X transaction, facilitating the ground-up construction of a Holiday Inn Express in Silverthorne, Colorado.
The 111-room hotel, part of the IHG Hotel & Resorts portfolio, is being developed by REV Development, a team with extensive industry experience.
Financing Details
The funding package includes:
- $20MM in conventional senior-secured financing provided by an affiliate of X-Caliber Rural Capital, designed to support construction and stabilization over five years.
- $6.3MM in Commercial Property Assessed Clean Energy (C-PACE) financing through CastleGreen Finance, offering a long-term, prepayable option for energy-efficient upgrades.
This combination of funding blends lower-cost capital, reducing development expenses while promoting energy-efficient construction practices.
Rural PACE-X: A Tailored Financing Solution
Rural PACE-X, X-Caliber’s newest product, combines conventional loans with a C-PACE structure to deliver high-leverage financing for ground-up projects in underserved rural regions. Eric Carlson of X-Caliber originated the loan.
“By leveraging our expertise in USDA lending and C-PACE financing, we’re supporting not only the hotel’s development but also the broader ecosystem of local businesses that will benefit from increased tourism and economic activity,” said Chris Callahan, President and CEO of X-Caliber.
A Commitment to Sustainability and Economic Growth
The project, anticipated to open in 2025, is expected to create 36 direct permanent jobs and contribute to the region’s economic growth.
“This ground-up hotel construction is a prime example of how tailored financial solutions for impactful businesses can drive sustainable growth in underserved rural regions,” said Jordan Blanchard, Co-Founder of X-Caliber Rural Capital.
Sal Tarsia, Managing Partner at CastleGreen Finance, emphasized the program’s long-term impact: “The innovative Rural PACE-X approach ensures that development prioritizes environmental stewardship alongside economic benefits, fostering a sustainable future for rural areas.”
With growing momentum in its pipeline, Rural PACE-X is set to redefine development in rural communities, enabling projects that combine financial viability with meaningful local impact.
