X-Caliber Capital announced its affiliate companies, X-Caliber Rural Capital (XRC) and CastleGreen Finance (CastleGreen), closed a combination of USDA and Commercial Property Assessed Clean Energy (C-PACE) financing for Milford Wellness Village, a multi-tenant medical space in Milford, Delaware that supports Milford, Kent and Sussex counties. The property includes a 150-bed skilled nursing facility and is owned by Nationwide Healthcare Services, a growing SNF operator based in Brick Township, New Jersey.
XRC provided $25 million through a USDA Business & Industry Guaranteed Loan to pay off construction financing and provide for future improvements, and CastleGreen provided $7.2 million of C-PACE financing to support energy efficiency improvements, including windows, LED lighting and controls, HVAC systems and whole building controls. Scott Crimmins, Senior Vice President of CastleGreen Finance, originated the transaction.
