X-Caliber Capital Holdings has closed a major $285 million Rural PACE-X financing package to support the ground-up development of a $495 million resort and entertainment district in Osage Beach, Missouri, marking one of the most significant real estate financings in the state in recent years. The project, known as The Oasis at Lakeport, is poised to become a prominent Midwest destination, featuring a Marriott hotel with 402 rooms, a large indoor waterpark, a conference center, an amusement park, and a broad spectrum of entertainment amenities.
The financing includes $220 million in conventional senior-secured debt provided by X-Caliber Rural Capital’s affiliate, XRL-ALC LLC, and $65 million in Commercial Property Assessed Clean Energy financing from CastleGreen Finance. The transaction represents X-Caliber’s largest Rural PACE-X deal since the program’s 2024 launch. It stands as the most significant C-PACE financing ever completed in Missouri as well as CastleGreen Finance’s largest to date.
Rural PACE-X, an expanding financing structure aimed at high-impact projects in micro-rural communities, is designed to support large-scale developments that drive long-term economic and workforce growth. The Oasis at Lakeport is expected to generate over 1500 construction jobs, more than 500 full-time positions, and attract an estimated 600000 annual visitors. The project will also incorporate energy-efficient building improvements projected to reduce approximately $11 million in lifetime operating costs.
The financing was structured by X-Caliber Advisors on behalf of Tegethoff Development Company, which is leading the resort’s development. The firm collaborated with CastleGreen Finance and additional X-Caliber lending divisions to assemble a fully integrated capital solution optimized for short- and long-term project needs.
This large-scale investment is anticipated to significantly elevate the regional tourism landscape, bringing new attractions, hospitality offerings, economic opportunities, and cultural experiences to Osage Beach and surrounding communities. The amusement park and entertainment attractions are scheduled to debut in the spring of 2026, with the Marriott hotel and indoor waterpark slated to open in late 2027.
KEY QUOTES
“The Lakeport at Oasis project marks a transformational moment for Missouri and its communities. Rural PACE-X proved to be the ideal product to help bring it to life. 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.”
Chris Callahan, President And CEO, X-Caliber
“This transformational project brings so many benefits to the local economy including well-paying jobs, tax revenues, and vibrant cultural entertainment. Regarding the financing, I want to thank X-Caliber Advisors who initiated the transaction, created an innovative structure quite superior to our initial plan, and worked with us every step of the way through complications associated with a development this large. CastleGreen Finance, in addition to the other lending verticals at X-Caliber, seamlessly executed an attractive, non-recourse, fixed-rate solution, which met all of our capital stack needs.”
Jeff Tegethoff, Founder And CEO, 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. 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.”
Sal Tarsia, Managing Partner, CastleGreen Finance
“Rural PACE-X leverages X-Caliber’s innovative offerings and strong partnerships to bring tailored solutions to the specific needs of rural areas. We are focused on providing capital solutions that foster meaningful economic growth and lasting positive impact in rural communities.”
Jordan Blanchard, Co-Founder, X-Caliber Rural Capital
