- LOCATION
Madera, California - LOAN AMOUNT
$33.5 Million - LOAN TYPE
USDA Food Supply Chain Guaranteed Loan ($29.5MM) and Commercial Property Assessed Clean Energy (C-PACE) Financing ($4MM) - PURPOSE
Debt Refinance, Facility Expansion, Renewable Energy System
Project Overview
California Custom Processing (CCP), a leading almond processor, offers comprehensive almond processing services including blanching, steam pasteurization, roasting, slicing, and flour production. As an integral player in California’s almond industry, CCP is expanding its existing 65,000-square-foot facility by adding an adjacent 52,500-square-foot building.
Value-Driven Financing Solution
X-Caliber Rural Capital provided a $29.5 million USDA Food Supply Chain Guaranteed Loan for refinancing existing debt and constructing the new facility. CastleGreen Finance supplemented this with $4 million in C-PACE financing via the California Statewide Communities Development Authority’s Open PACE Program. The C-PACE funds support renewable energy improvements, including a rooftop solar array, battery storage, and seismic resiliency enhancements.
Key Benefits
- Significant operational savings, projected at $14.3 million in electricity costs over the system’s life
- Annual generation of 1.5 million kWh of clean energy, significantly reducing CO2 emissions by 1,067 MT/year
- Long-term competitive financing that enhances cash flow and supports job retention, sustaining 48 full-time jobs
- Sustainable growth strategy that boosts economic stability and environmental resilience
“X-Caliber provided a financing solution that aligned well with our seasonal operations and long-term vision. Their team was knowledgeable, communicative, and committed to helping us maintain the unique guest experience that defines our resorts.”
