CastleGreen Finance

CastleGreen Finance

Financial Services

Irvington, NY 767 followers

Providing financial solutions to support energy efficiency and sustainability for commercial real estate.

About us

CastleGreen Finance, in partnership with X-Caliber Capital, is a private capital source focused on Commercial Property Assessed Clean Energy (“C-PACE”) financing.  CastleGreen leverages its extensive experience and expertise to provide clients with the financial tools to create and redevelop sustainable, energy efficient real estate while becoming economically efficient through a superior capital structure. C-PACE is a public-private partnership that was enacted to encourage investors to provide capital to increase commercial building energy efficiency and to improve the building systems and physical structure of commercial real estate properties. C-PACE may be used to finance building improvements that contribute to energy and water savings, as well as resiliency or “risk mitigation” such as seismic improvements or wind resistant improvements. Light to heavy renovations, gut rehab, adaptive reuse and ground up development projects may all utilize C-PACE as part of the capital stack. The financing is similar to other long-term, self amortizing, fixed rate financing with terms of generally 10 to 30 years. Terms are restricted by the Estimated Useful Life “EUL” of the improvements for which they finance.

Website
http://www.castlegreenfinance.com
Industry
Financial Services
Company size
2-10 employees
Headquarters
Irvington, NY
Type
Partnership
Founded
2021
Specialties
C-Pace, PACE, Finance, Energy Efficiency, Clean Energy, Lending, Commercial Real Estate, Mortgages, Sustainability, LEED, Solar Financing, Green Energy, Construction Lending, Climate Change, Renovation, Hotel Financing, Water Conservation, LED Lighting, and HVAC

Locations

Employees at CastleGreen Finance

Updates

  • View organization page for CastleGreen Finance, graphic

    767 followers

    We are proud to introduce this inside look at the elegant transformation of the historic and iconic Breakers Hotel. X-Caliber and CastleGreen provided a total of $122.2 million in financing to the project The two funded $64.45 million in bridge loans, secured by a first mortgage and historic tax credits (HTC), and CastleGreen provided $57.75 million of Commercial Property Assessed Clean Energy (C-PACE) financing through the California Statewide Communities Development Authority’s (CSCDA) Open PACE Program. This unique transaction is believed to be the first in the nation where a Bridge to Historic Tax Credits transaction paired with a Construction First Mortgage and Commercial Property Assessed Clean Energy (C-PACE) was executed under one roof. C-PACE offers low-cost, long-term financing for energy efficiency, water conservation, resiliency, and renewable energy projects, which aligns perfectly with a historic renovation or adaptive reuse. Take a look at this engaging video case study that shows the evolution of the property and its rebranding to Fairmont Breakers Hotel Long Beach in Long Beach, CA.

  • View organization page for CastleGreen Finance, graphic

    767 followers

    CastleGreen Finance is a top C-PACE financing provider. 💡Here are a few highights you may want to consider when thinking of your next project. Important to note - C-PACE is available for nearly ALL asset types and can be combined with other financing options. If you want more detailed informationn about the process, how it works, and more about all of its unique features, click here to download our whitepaper. https://hubs.li/Q02HmMHY0 #cpace #xcalibercap #energyefficiency

  • View organization page for CastleGreen Finance, graphic

    767 followers

    CastleGreen Finance is a top C-PACE financing provider. 💡Here are a few highights you may want to consider when thinking of your next project. Important to note - C-PACE is available for nearly ALL asset types and can be combined with other financing options. If you want more detailed informationn about the process, how it works, and more about all of its unique features, click here to download our whitepaper. https://hubs.ly/Q02J5sYS0 #cpace #xcalibercap #energyefficiency

  • View organization page for CastleGreen Finance, graphic

    767 followers

    This is a great story and video case study of this transformation and renovation of a historic landmark into 80 multifamily apartments. Introducing Ocean Center Luxury Apartments in Long Beach, CA. This unique transaction demonstrates a capital stack that combines bridge lending and C-PACE financing. The highlights include a combined $55MM hybrid transaction comprised of a $34.4MM bridge renovation loan and a $20.6MM Commercial Property Assessed Clean Energy (C -PACE). The combined execution delivers energy efficiency, is designed to provide significant energy cost savings, and supports a cleaner environment. This is the second transaction of a similar structure with the same borrower. Feel free to download the complete pdf case study here. https://hubs.li/Q02HmPwM0

  • View organization page for CastleGreen Finance, graphic

    767 followers

    CastleGreen Finance, a affiliate of X-Caliber, is a top C-PACE financing provider. 💡Here are a few highlights you may want to consider when thinking of your next project. Important to note - C-PACE is available for nearly ALL asset types and can be combined with other financing options. If you want more detailed information about the process, how it works, and more about all of its unique features, click here to download our whitepaper. https://hubs.li/Q02Ly6S10 #cpace #xcalibercap #energyefficiency

  • View organization page for CastleGreen Finance, graphic

    767 followers

    If you missed X-Caliber's August edition of Monthly Market Movers, here it is again. In each edition, we also provide Capital Markets Insights from X-Caliber's CEO, Chris Callahan. Here are some of this month's top trends in the macroeconomy and CRE: - Despite the recent capital markets volatility, some experts say that from a historical perspective, conditions have remained relatively normal. - A look at some of the upcoming factors, including the election, that could have some short-term impacts on the markets. - A check in on some of the proposed legislative actions, including a federal "rental cap" as well as other state and local proposals. This, and much more, in August's Market Movers. https://hubs.li/Q02Ly9Q40 Check it out here. Have a great weekend.

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  • View organization page for CastleGreen Finance, graphic

    767 followers

    In this new Financing Short, CastleGreen's Managing Partner, Sal Tarsia, runs through a few of the many programs C-PACE financing pairs with well. Here are a few: ✅USDA Loans ✅Historic Tax Credits ✅Opportunity Zones Listen here for some quick points about how and why the programs are great partners with C-PACE.

  • View organization page for CastleGreen Finance, graphic

    767 followers

    Every month, where we take a look at some of the top latest factors impacting CRE in our Monthly Market Movers newsletter. We also share some quick insights from our CEO, Chris Callahan, on the state of capital markets. This month we take a look at the recent volatility, talk about the impact of the election ahead, and dive into a few other timely topics. This and much more, in August's Market Movers. https://hubs.li/Q02L90Jp0 Check it out here. Have a great week.

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    • No alternative text description for this image
  • View organization page for CastleGreen Finance, graphic

    767 followers

    The U.S. is facing a senior housing crisis, but this challenge is a golden opportunity for investors. With a projected need for 806,000 additional units by 2030, the senior housing sector is ripe for investment. Whether it’s assisted living, memory care, or independent living, the variety of senior housing types offers numerous avenues for growth. Understanding the market dynamics and preparing for the future can set you on the path to success. Click below to explore the in-depth analysis and insights in our whitepaper. https://hubs.li/Q02KSwtT0 #SeniorHousing #InvestmentOpportunities #CRE #XCaliberInsights #FutureReady

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