X Caliber Capital launched a new lending platform focused on United States Department of Agriculture loans for commercial real estate projects, Commercial Observer has learned.
The commercial real estate lender’s new company called X-Grade Rural Capital aims to provide financing to businesses and economic development projects located in rural areas of the country. Loan sizes will range up to $100 million for new construction, acquisition and refinancing transactions.
Jordan Blanchard, president of National Rural Lenders Roundtable, will serve as Executive Director of X-Caliber Rural Capital, directing day-to-day business and operations. He has over 30 years of experience in small business administration (SBA) and USDA lending.
“X-Caliber Rural Capital will provide borrowers with unique and attractive terms for clients seeking longer-term lending solutions while providing significant benefits to businesses and groups located in rural areas designated by the programs of the X-Caliber Rural Capital. ‘USDA,” Blanchard said in a statement. . “I am truly thrilled to be part of the X-Caliber Capital brand and team and look forward to helping strategically grow this business to new and impactful levels.”
Blanchard, who co-founded the platform with X-Caliber Capital CEO Chris Callahan, created funding for over $1 billion USDA and revolving transactions throughout his career. He has been involved in over $2 billion in financing under various forms of government guaranteed loan programs.
USDA Loans OneRD The guarantee loan initiative falls under the Guaranteed Loan Program for Water and Waste Disposal; Guaranteed Loan Program for Community Facilities; Business and Industry Secured Loan Program; and Rural Energy Guaranteed Loan Program for the United States. the USDA defines rural as any city, town, town, or other population center of 50,000 or less and not contiguous to another populated area.
“This new platform is a natural fit with X-Caliber Capital’s commitment to providing clients with diverse lending solutions while improving the quality of life and economic development in rural areas,” Callahan said in a statement. communicated. “With Jordan’s proven track record and presence at the helm of the ship, we expect this platform to become a core part of our business model and we look forward to growing our pipeline.”
Andrew Coen can be reached at [email protected]m.