- LOCATION
Southeast Alaska - LOAN AMOUNT
$13.75MM - LOAN TYPE
USDA Business & Industry Guaranteed Loan Program - PURPOSE
Debt Refinancing, Operational Reserves, and Capital Improvements
Project Overview
Waterfall Resort and Steamboat Bay Fishing Club are premier, all-inclusive fishing resorts in remote Southeast Alaska, known for exceptional sport fishing experiences. Accessible exclusively by float plane, these resorts offer a luxury fishing retreat, operating seasonally from May to August. Facilities include accommodations for 96 guests, 48 well-maintained buildings, a fleet of 27 fishing boats, and extensive hospitality services.
Value-Driven Financing Solution
X-Caliber Rural Capital provided a $13.75MM USDA B&I Guaranteed Loan to refinance existing acquisition debt, fund capital expenditures, operational reserves, and address critical facility enhancements.
Key Benefits
- Enhanced cash flow by refinancing high-interest debt at more favorable terms
- Operational stability through funded reserves and capital improvement allocations
- Sustainable growth, ensuring continued job retention and local economic benefits for 150 employees
- Strategic financial management to support seasonal business operations
“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.”
