XRL ALC, LLC (XRA), an affiliate of X-Caliber Rural Capital, in collaboration with American Lending Center (ALC), has successfully closed a $9.6 million bridge loan for Calhoun-Liberty Hospital in Blountstown, Florida. The funding, part of an $82 million initiative, aims to revamp and enhance medical services for residents across Calhoun, Liberty, Jackson and Gulf County.
The two-year, interest-only loan fills a crucial gap until the hospital accesses approximately $30 million in approved grants earmarked for the project. Currently offering emergency room services, in-patient care, laboratory, radiology and respiratory services, the hospital also houses a rural health clinic.
“We are pleased to provide the financing for such a critical community resource,” said X-Caliber Rural Capital Co-Founder, Jordan Blanchard. “Our unique platform helps provide financing for businesses who are unable get funding from traditional banks whose products don’t address their needs. This is where we can provide valuable support and efficient financing solutions all the while stimulating economy growth and developing jobs.”
The new hospital will be 36,000 square feet and is projected to generate around 200 construction jobs and nearly 25 new full-time positions, alongside approximately 19 part-time roles in its initial years. This expansion aims to augment the existing 157 positions supporting the hospital, fostering a substantial boost in local employment.
Scheduled for completion by fall 2025, the project marks a significant step towards modernizing healthcare infrastructure and stimulating economic growth in underserved rural areas.
XRL specializes in providing efficient capital solutions for projects situated in “micro-rural areas,” which are generally described as an area with a population less than 20,000 and not part of a metropolitan statistical area. Financing is available for a wide variety of projects including, but not limited to, hospitality, manufacturing, office, warehouse and logistics, flex, retail, mixed use, multifamily and public works project.
ALC is a private non-bank lending institution dedicated to small business lending. With a track record spanning more than a decade, ALC has facilitated more than 12,000 new jobs nationwide through strategic lending initiatives.
