X-Caliber Increases Total Funding to $313.2 Million for Marcella Landing at Deer Valley East Village, Utah

Irvington, N.Y. - August 24, 2026 - X-Caliber Capital Holdings LLC, "X-Caliber," a nationally recognized direct commercial lender and servicer whose affiliates provide mortgage lending, servicing, and investment solutions, today announced the closing of an additional $131 million Rural PACE-X financing package for Phase II of Marcella Landing at Deer Valley East Village, an ultra-luxury ski community in Park City, Utah, developed by Reef Capital Partners.

The new Rural PACE-X financing consists of $64 million of conventional senior-secured construction financing provided by an affiliate of X-Caliber Rural Capital, XRL-ALC, LLC ("XRA"), and $67 million of C-PACE financing through CastleGreen Finance, an affiliate of X-Caliber. The financing will support the construction of a second phase of luxury townhomes and related infrastructure improvements.

The transaction builds upon the project's previously announced $182.2 million Rural PACE-X financing completed earlier this year for the initial phase of development, bringing X-Caliber's total financing commitment for Marcella Landing to approximately $313.2 million to date. Gabe Mashaal of X-Caliber Rural Capital originated both transactions.

"Marcella Landing represents exactly the type of transformative residential development we are committed to supporting and is located in an area that holds a special place for me and my family," said Chris Callahan, President and CEO of X-Caliber. "The expanded Rural PACE-X structure provided the borrower with a highly coordinated capital solution that supports continued vertical construction while preserving flexibility across the broader development timeline."

Rural PACE-X is a proprietary financing solution offered by X-Caliber that combines conventional senior-secured financing with Commercial Property Assessed Clean Energy ("C-PACE") financing into a single coordinated capital structure. The structure is designed to provide developers with greater flexibility, long-term fixed-rate capital for eligible improvements, and a more efficient overall cost of capital. Since the product launch in September 2024, X-Caliber and its affiliates have closed over $1 billion in Rural PACE-X volume.

Located within the highly anticipated Deer Valley East Village expansion in Park City, Utah, Marcella Landing is an exclusive gated luxury townhome community featuring residences designed by internationally renowned architecture firm Olson Kundig. The development offers direct ski access, luxury wellness amenities, and access to the Marcella Club lifestyle platform.

"The expansion of Marcella Landing reflects both the strength of the project and the continued demand we are seeing in the luxury resort market," said Jordan Blanchard, Co-Founder of X-Caliber Rural Capital. "Our team structured the Phase II financing to align with the project's construction phasing while seamlessly integrating the senior financing and C-PACE components within the Rural PACE-X platform."

The financing structure incorporates long-term C-PACE capital to support eligible energy-efficiency, resiliency, and infrastructure improvements associated with the project.

"Our objective was to continue delivering long-duration capital that complements the sponsor's construction and development strategy," said Sal Tarsia, Managing Partner at CastleGreen Finance. "The additional $67 million C-PACE assessment works alongside the construction financing under a coordinated structure that provides the sponsor with enhanced flexibility to efficiently deploy capital across infrastructure and vertical construction while supporting long-term sustainability goals."

Jon Day, Chief Financial Officer at Reef Capital Partners, has decades of experience in complex financing solutions and has been closely involved in guiding the vision and execution of the project.

"The successful completion of this additional financing package allows us to continue building on the momentum established during the first phase of Marcella Landing," said Day. "We appreciate X-Caliber's ability to provide strategic and innovative financing solutions that support the continued growth and long-term vision for this community."

Marcella Landing is part of the broader Marcella luxury residential and membership community located within the transformative Deer Valley East Village expansion, one of the largest luxury ski resort developments currently underway in North America.

The project is slated for phased completion over the next three years.

For more information about Marcella Landing at Deer Valley, visit https://marcellaclub.com/real-estate/marcella-landing-at-deer-valley/.

For more information about X-Caliber and its expansive lending platforms, visit https://www.x-caliber.com.

About X-Caliber Capital Holdings LLC ("X-Caliber") - https://www.x-caliber.com

X-Caliber Capital Holdings LLC is a nationally recognized commercial real estate finance franchise whose affiliate companies provide direct mortgage lending, servicing, and investment opportunities. Our diverse and growing lending and investment entities support and leverage our expansive and innovative lending platforms that offer FHA, bridge, USDA, and C-PACE financing.

About X-Caliber Rural Capital ("XRC") - https://www.xrcusda.com

X-Caliber Rural Capital is an affiliate of X-Caliber Holdings LLC, a national real estate lending and investment firm. X-Caliber Rural Capital is a national, licensed, and approved U.S. Department of Agriculture lender that provides financing for rural business and economic development projects under four flagship programs that fall under the OneRD Guaranteed Loan Initiative. The company is dedicated to creating attractive financing solutions that meet the needs of rural communities throughout the country.

About CastleGreen Finance - https://www.castlegreenfinance.com

CastleGreen Finance is an affiliate of X-Caliber Capital Holdings and embraces the collaboration of commercial real estate construction along with a green energy and carbon emission reduction strategy by providing property owners with the financing tools needed to create and redevelop clean, sustainable, energy-efficient real estate through a superior capital stack.

About Marcella Landing at Deer Valley - https://www.marcellaclub.com

Marcella Landing at Deer Valley is an exclusive luxury residential community located within Deer Valley East Village in Park City, Utah. The gated townhome development features contemporary mountain residences designed by Olson Kundig and offers direct access to world-class skiing, wellness amenities, and the broader Marcella luxury lifestyle community.

About Reef Capital Partners - https://www.reefcp.com

Reef Capital Partners is a vertically integrated real estate investment, development, and operations firm dedicated to enhancing communities through transformative and impactful projects built in an environmentally, culturally, and historically sensitive way. Reef creates a sense of belonging to something extraordinary by delivering unforgettable experiences that endure for generations. By aligning investment expertise with development vision, Reef Capital Partners is reshaping the future of sustainable development, luxury living, culturally focused hospitality, and recreation.

Marcella Landing is a private collection of Olson Kundig-designed townhomes with slopeside access, premium wellness amenities, and Marcella Club privileges.