X-Caliber Capital celebrates its fifth anniversary | AP/KPNS
IRVINGTON, NY–(BUSINESS WIRE)–July 6, 2022–
X-Caliber Capital, a national direct commercial real estate lender, today announced that it is commemorating its fifth anniversary by celebrating and recognizing the key milestones that have positioned the company for future success. Since its inception, X-Caliber has added three lending verticals and an investment management company, and its lending legacy is built on decades of success.
X-Caliber Capital was born on July 1, 2017, when co-founders Chris and Sharon Callahan completed the purchase of a successor company called The Phares Company, a Kentucky-based HUD and GNMA licensed mortgage lender and loan servicer and nationally recognized with twenty-six years of experience. They then changed the name of the company to X-Caliber Capital and established its headquarters in Irvington, NY with five team members.
The following year, in 2018, they launched X-Caliber Funding LLC, a bridge lending platform that provides borrowers of senior housing, healthcare and multi-family properties with interim lending solutions until permanent FHA loan can be executed.
Over the past eighteen months, they have integrated with national and innovative lending platforms, including CastleGreen Finance, a C-PACE (Commercial Property Assessed Clean Energy) capital provider, as well as X-Caliber Rural Capital, an approved lender by the USDA. More recently, the company launched X-Caliber Investment Management (XCIM), a specialist company and investment fund.
X-Caliber Capital’s rapid and strategic growth has positioned them to offer lending products across most asset classes, with a strong focus on affordable, market-rate multi-family housing. X-Caliber also manages the loans it has originated and has a current and growing portfolio of $1.3 billion.
“In 2017, we started with five key team members and a vision, and I’m both happy and proud of the business we’ve grown – a business that has grown into a real estate finance and investment company. full-service,” said Chris Callahan, President and CEO. “I am fortunate to be surrounded by sixty incredible team members to date, with top experts from across our diverse lending and investment platforms, whose deep knowledge and strong leadership have helped sustain our growing platform and our impact lending mission.”
“In X-Caliber Capital, I not only found a partner who shared my enthusiasm for the future of the company and supported the vision and goal, but also exceeded all expectations in terms of corporate culture. that truly puts people first and where everyone pulls together as a unified team focused on delivering the best commercial real estate finance solutions,” said Sal Tarsia, Managing Partner, CastleGreen Finance. “I knew that when we formed CastleGreen, we would be able to successfully partner with the talent and vast experience of individuals to succeed, however, the result of joining the X-Caliber family has been a consolidated business far greater than the sum of its parts.
“I had no idea of the scope and impact of an organization that the X-Caliber group of companies would become when I joined,” said Jordan Blanchard, co-founder and executive director of X. -Caliber Rural Capital (XRC). “The XRC team and I have been fortunate to be part of this tremendous growth and see the benefits for residents of affordable housing, seniors in need of improved medical care, sustainable energy and development rural economy. As a family of companies, we can have much more impact than we could as a standalone entity. I look forward to seeing what we can accomplish together over the next five years.
Through its extensive lending program, X-Caliber Capital focuses on some of the nation’s biggest challenges – affordable housing, the environment, elderly care and rural businesses. The company is built on twelve core principles and has been nationally recognized for its positive culture.
“A strong work environment provides a positive atmosphere for employees to be themselves and fully share their expertise and talents,” Callahan said. The bottom line of a company benefits from happy team members who want to do their best and invest in the journey, and we have a great adventure ahead of us. I look forward to the next five years and beyond.
This year, X-Caliber was certified Great Place to Work®, a national certification that means X-Caliber Capital is one of the best companies to work for in the country. In fact, X-Caliber employees agreed, with 100% of the company agreeing that it’s a great place to work. Last month, the company was named Fortune’s Best Places to Work in New York, a highly competitive recognition that means it is one of the best companies to work for in New York.
X-Caliber Capital is a nationally recognized direct commercial mortgage lender and loan servicer. We are an FHA-approved Multi-Family Accelerated Processing (MAP) lender and GNMA-approved MBS issuer, and with our affiliates, we provide bridge, USDA, and C-PACE financing solutions. We strive to provide our clients and the communities in which we lend with the best financing solutions available to support their business goals, while focusing on some of the nation’s greatest challenges – affordable housing, the environment, care for our elders and rural businesses. By leveraging the country’s most effective private and government programs, we can harness the power of our expertise and practice the values we stand for, to make the world a better place for everyone.
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
KEYWORD INDUSTRY: ENVIRONMENT URBAN PLANNING REIT FINANCING INTERIOR CONSTRUCTION BANKING ARCHITECTURE PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE UTILITIES OIL/GAS COAL ALTERNATIVE ENERGY ENERGIES SMALL BUSINESS
SOURCE: X-Caliber Capital
Copyright BusinessWire 2022.
PUBLISHED: 07/06/2022 12:58 PM / DISK: 07/06/2022 12:58 PM
Copyright BusinessWire 2022.