X-Caliber has closed an additional $131 million financing package for Phase II of Marcella Landing at Deer Valley East Village in Park City, Utah, bringing its total financing commitment to the luxury residential development to approximately $313.2 million.
The new financing includes $64 million of senior-secured construction financing from an affiliate of X-Caliber Rural Capital and $67 million of C-PACE financing from CastleGreen Finance.
The capital will support construction of a second phase of luxury townhomes and related infrastructure improvements.
The transaction follows $182.2 million of Rural PACE-X financing completed earlier in 2026 for the project’s first phase.
X-Caliber’s Rural PACE-X structure combines conventional senior-secured financing with Commercial Property Assessed Clean Energy financing in a coordinated capital structure. Since launching the product in September 2024, X-Caliber and its affiliates have closed more than $1 billion in Rural PACE-X volume.
Marcella Landing is a gated luxury townhome community within the Deer Valley East Village expansion. Residences are designed by Olson Kundig and include direct ski access, wellness amenities and access to the Marcella Club lifestyle platform.
The project is scheduled for phased completion over the next three years.
KEY QUOTES:
“Marcella Landing represents exactly the type of transformative residential development we are committed to supporting. 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.”
Chris Callahan, President And CEO Of X-Caliber
“The expansion of Marcella Landing reflects both the strength of the project and the continued demand we are seeing in the luxury resort market.”
Jordan Blanchard, Co-Founder Of X-Caliber Rural Capital
