IRVINGTON, NY – (COMMERCIAL THREAD) – X-Caliber Capital, a national direct commercial real estate lender, today announced the launch of its new company, X-Caliber Rural Capital, a United States Department of Agriculture (USDA) approved lender that will offer its growing and diverse customer base access from the borrower base to unique loan programs with attractive terms designed to support a wide range of rural business support.
As part of USDA’s OneRD Guarantee Loan initiative, X-Caliber Rural Capital will fund rural economic and business development projects under four flagship programs:
The USDA defines rural as any town, village, town or other population center with a threshold of 50,000 or less and not contiguous to another populated area. Depending on the program, the loan amount will vary between $ 250,000 and $ 100 million and will be available for new construction, acquisition and refinancing transactions.
Industry veteran and co-founder Jordan Blanchard has been appointed Executive Director of X-Caliber Rural Capital and will lead the day-to-day business and operations. Blanchard has over thirty years of experience in Small Business Administration (SBA) and USDA lending and is the current Chairman of the National Rural Lenders’ Roundtable.
During his distinguished career, Blanchard helped develop the country’s number one USDA lending program and created funding for over $ 1 billion in USDA and revolving transactions. Overall, he was involved in funding $ 2 billion in various forms of government guaranteed loan programs.
X-Caliber Capital President and CEO and X-Caliber Rural Capital Co-Founder Chris Callahan said, “This new platform fits naturally into X-Caliber Capital’s commitment to deliver to its customers. clients diversified loan solutions while improving the quality of life and economic development in rural areas. With Jordan’s proven track record and having him at the helm of the ship, we expect this platform to become a central part of our business model and we look forward to growing our pipeline.
“X-Caliber Rural Capital will provide borrowers with unique and attractive terms for clients seeking longer-term lending solutions while providing notable benefits to businesses and groups located in rural areas designated by Lending Programs. ‘USDA,’ Blanchard said. “I am truly thrilled to be a part of the X-Caliber Capital brand and team and look forward to helping strategically grow this business to new and impactful levels. ”
USDA loans are guaranteed by the United States Department of Agriculture and lenders must be given a special license to provide the programs.
About X-Caliber – www.x-calibercap.com
X-Caliber Capital is a nationally recognized direct lender that has built long-term relationships with our clients for 30 years. The X-Caliber team offers extensive experience and knowledge of the financial markets unmatched by its competitors. Directors have provided more than $ 80 billion in capital to the commercial real estate space over the past two decades.
About X-Caliber Rural Capital
X-Caliber Rural Capital is a national lender, licensed and approved by the United States Department of Agriculture that funds rural economic and business development projects under four flagship programs under the Guarantee Loan Initiative OneRD. The Company is committed to creating attractive solutions for its borrowers that meet the needs of rural communities across the country.