IRVINGTON, N.Y.--(BUSINESS WIRE)--Apr 22, 2024--
XRL ALC, LLC (XRA), an affiliate of X-Caliber Rural Capital that provides funding solutions for projects located in micro-rural areas, together with American Lending Center, jointly funded a $9.6MM bridge loan for Calhoun-Liberty Hospital located in Blountstown, Florida.
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The hospital renovation and new construction is part of an $82MM project that will bring new and improved medical services to the Calhoun, Liberty, Jackson, and Gulf County residents who depend on the facility’s healthcare services. The two-year, interest-only loan is needed to bridge the gap until the hospital can access approximately $30MM approved grants designated for the project. The current facility provides emergency room, in-patient, laboratory, radiology, as respiratory services and has 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.”
X-Caliber Rural Capital partnered with American Lending Center, an impact investor that seeks to create jobs in rural locations.
“Rural health care is very important, and the chance to help ensure that modern, high-quality hospitals is central to our mission,” said Scott Thompson, Vice President and Chief Lending Officer at ALC. “Job creation is a primary goal for our EB-5 participation, and this project does that well. This really is a win for all involved.”
The new hospital will be 36,000 sq. ft. and is projected to create around 200 construction jobs. It is also projected to develop nearly 25, new full-time roles and around 19 part-time positions in the first two years. That will increase the current 157 positions that support the hospital to nearly 200.
The new construction is expected to be completed by the fall of 2025.
About XRL-ALC, LLC
XRL-ALC, LLC (XRA), is an affiliate of X-Caliber Rural Capital and offers very effective capital solutions for projects located in “micro-rural areas”. Micro-rural areas 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
Follow X-Caliber Rural Capital on LinkedIn.
About American Lending Center: A Financial Times (FT) Americas’ Fastest Growing Company
American Lending Center (ALC) is a private non-bank lending institution and nationally recognized leader in small business lending. Between 2009 and 2020, ALC offered strategically structured senior loan products to 80+ qualified SBA 504 projects in 19 states, contributing to a combined construction and business expansion budget of over one billion dollars. ALC’s lending practice has successfully created more than 12,000 new jobs nationwide. As one of only a handful of nonbank institutions designated to provide immediate financial relief to struggling small businesses, ALC provided PPP loans to nearly 30,000 small businesses across all 50 states and Washington, DC.”
Follow American Lending Center on LinkedIn, Facebook, and Twitter.
Calhoun-Liberty Hospital Project Rendering (Photo: Business Wire)
CALGARY, Alberta (AP) — Lauren Coughlin held onto the lead Friday in the CPKC Women’s Open, while Canadian star Brooke Henderson was derailed by closing bogeys at windy and smokey Earl Grey Golf Club.
Coughlin followed her opening 4-under 68 on Thursday in chilly and windy conditions with a 70 on Friday to get to 6 under, a stroke ahead of Hannah Green and Haeran Ryu. The temperature made it into the 70s after barely climbing into the 60s on Thursday.
“I think I handled it really well overall,” Coughlin said. “It was just really difficult to judge how far the ball was going to go with the wind and the crosswind and how firm the greens got. And they had some tough pins, especially considering the direction of the wind.”
Playing through a smokey haze from wildfires, Henderson bogeyed the final four holes in her afternoon round for a 73 that left her seven strokes back at 1 over. She won the 2018 tournament.
“Most of the day I was 3 under, so feeling pretty great,” Henderson said. “To walk away 1 over, that’s not the best feeling. But all you can do is move forward and try to learn from some of the things you did out there.”
Coughlin is coming off a fourth-place finish two weeks ago in France in the major Evian Champions. The 31-year-old former University of Virginia player is winless on the LPGA Tour.
On Friday, she had three front-none birdies and dropped a stroke on the par-4 11th. In two rounds, she's 7 under on the first nine holes and 1 over on the second nine.
“I putted extremely well,” Coughlin said. “Two-putted really well all day. Took advantage of the front nine, which you have to, and then kind of hold on on the back nine.”
Green matched Coughlin with a 70. The Australian is a two-time winner this year, taking the HSBC Women’s World Championship in Singapore in February and the JM Eagle LA Championship in April.
“It was tough again out there,” Green said. “There was some pretty strong wind gusts, especially our last few holes, so committing to the shot you were envisioning was kind of difficult.”
Ryu bogeyed the 18th for 69.
“The weather is really bad,” Ryu said. “Is a little bit cold and so windy.”
The 23-year-old South Korean player won the Walmart NW Arkansas Championship last year for her first LPGA Tour title. She was second last week in Ohio in the Dana Open.
Three-time champion Lydia Ko had a 71 to join second-ranked Lilia Vu (70) and Jennifer Kupcho (72) at 3 under. Ko won as an amateur in 2012 at age 15, successfully defended her title as an amateur in 2013 and won as a professional in 2015.
“It’s not easy — and I think the scores are showing,” Ko said. “Anything kind of under par the past couple days is a really solid round. I’m pretty happy with the way I started this week.”
Kupcho topped the leaderboard at 8 under after birdieing five of the first eight holes in her morning round, then was 5 over the rest of the way. She had a double bogey on the par-4 16th, four bogeys and a birdie on her final nine holes.
“I’m pretty upset,” Kupcho said. “I think in hindsight I still hit 15 greens. Like I was hitting the ball really good. Three-putted 10 and 11 and four-putted 16. I didn’t play bad. Just had a couple shaky putts down the stretch — and that’s going to happen.”
Lexi Thompson was in the group with Henderson tied for 26th at 1 over after a 73 The American plans to play a limited schedule after this season.
AP golf: https://apnews.com/hub/golf
Lexi Thompson, of the United States, chips on the first hole during the second round at the LPGA Canadian Women's Open golf tournament in in Calgary, Alberta, Friday, July 26, 2024. (Jeff McIntosh /The Canadian Press via AP)
Jennifer Kupcho, of the United States, watches her tee shot on the fifteenth hole during the second round at the LPGA Canadian Women's Open golf tournament in in Calgary, Alberta, Friday, July 26, 2024. (Jeff McIntosh /The Canadian Press via AP)
Jennifer Kupcho, of the United States, lines up a putt on the fourteenth green during the second round at the LPGA Canadian Women's Open golf tournament in in Calgary, Alberta, Friday, July 26, 2024. (Jeff McIntosh /The Canadian Press via AP)
New Zealand's Lydia Ko hits a tee shot on the first hole during the second round at the LPGA Canadian Women's Open golf tournament in in Calgary, Alberta, Friday, July 26, 2024. (Jeff McIntosh /The Canadian Press via AP)
Korea's Haeran Ryu hits a tee shot on the fourth hole during the second round at the LPGA Canadian Women's Open golf tournament in Calgary, Alberta, Friday, July 26, 2024. (Jeff McIntosh/The Canadian Press via AP)
Canada's Brooke Henderson hits a tee shot on the second hole during the second round at the LPGA Canadian Women's Open golf tournament in Calgary, Alberta, Friday, July 26, 2024. (Jeff McIntosh/The Canadian Press via AP)
Lauren Coughlin, of the United States, hits from the fairway on the sixth hole during the second round at the LPGA Canadian Women's Open golf tournament in Calgary, Alberta, Friday, July 26, 2024. (Jeff McIntosh/The Canadian Press via AP)
Lauren Coughlin, of the United States, hits a tee shot on the seventh hole during the second round at the LPGA Canadian Women's Open golf tournament in Calgary, Alberta, Friday, July 26, 2024. (Jeff McIntosh/The Canadian Press via AP)
