XRL-ALC—an affiliate of X-Caliber Rural Capital, a USDA OneRD lender (and itself affiliate of X-Caliber Capital Holdings), together with American Lending Center, have closed a $220 million transaction to fund the ground-up construction and redevelopment of a national resort in Missouri.
Oasis at Lakeport in Osage Beach, Mo., has a total project cost of $495 million. It will include a Marriott hotel with 402 rooms, a conference center, indoor waterpark and an amusement park.
The $220 million senior loan is part of a total $285 million financing provided through X-Caliber’s proprietary lending product Rural PACE-X that also includes $65 million of Commercial Property Assessed Clean Energy financing through X-Caliber affiliate CastleGreen Finance.
Rural PACE-X combines senior-secured construction financing with long-term C-PACE funding to deliver high-leverage capital—$20 million and above—for projects that drive rural economic development and energy efficiency. This is X-Caliber’s largest Rural PACE-X transaction closed to date since the product launched in late 2024. In addition, the C-PACE financing is the largest to date for the state of Missouri and for CastleGreen Finance. The buildings’ energy efficiency design is estimated to save around $11 million in costs over the lifetime of the improvements.
“Rural PACE-X proved to be the ideal product to help bring [the Lakeport at Oasis project] to life,” X-Caliber President and CEO Chris Callahan said in a statement. “The innovative financing structure helped make it possible to deliver a premier family resort; one that will drive economic growth, create jobs, and attract new tourism to the region and state for decades to come.”
The conventional funds are intended to provide construction-through-stabilization financing for up to five years.
Oasis at Lakeport is being developed by SkyView Partners and Tegethoff Development. The Rural PACE-X loan was originated and structured by the X-Caliber Advisors team comprised of Gregg Delany, Ken Lorman, and Gabe Mashaal on behalf of Tegethoff Development.
“This financing provides a highly effective solution that exemplifies the power of hybrid funding, seamlessly executing both efficient short- and long-term capital strategies,” said Sal Tarsia, managing partner, CastleGreen Finance. “By integrating state-of-the-art energy efficiency upgrades, it delivers sustainable, future-ready performance for this exciting hotel resort project. We are proud to have combined our multiple lending pillars to offer a full-service solution and be a part of bringing the Oasis at Lakeport to life.”
The first phase of construction includes rides, attractions, restaurants and a marina set to open in the spring of 2026. The Marriott hotel and indoor waterpark are projected to open in late 2027.