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X-Caliber Provides $56M Financing for Georgia Vertical Farm
X-Caliber Rural Capital, a USDA licensed lender for rural development projects, has closed a $56 million bridge loan for the construction of a Hardee Fresh vertical farming facility in Americus, GA. The financing will be used for the ground-up construction while helping to support healthier and more sustainable agriculture.
The new vertical farm will be entirely enclosed with every part of the growing and packing process under continuous monitoring and active environmental control. The Hardee Fresh facility will span nearly 340,000 square feet, include over 50,000 internet connected devices, produce more than 15 million heads of lettuce annually and use only 1% of the water of traditional outdoor operations.
“Our team is pleased to have provided an effective financing solution to our client for the construction of the facility and the high number of construction and production jobs that go with it,” said X-Caliber Rural Capital Co-Founder Jordan Blanchard.
The facility is expected to be completed in late 2024.
- ◦Development
- ◦Financing
