X Caliber Capital Holdings LLC has finalized a major financing package to move forward with one of Missouri’s most ambitious resort developments. The company structured $285 million in Rural PACE-X financing for the Oasis at Lakeport, a destination resort and entertainment complex planned for Osage Beach. The total project cost is estimated at $495 million, marking a substantial investment in tourism growth at Lake of the Ozarks.
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The development calls for a 402-room Marriott hotel, a large conference center, an indoor waterpark, an amusement park, and an array of related amenities that are designed to position the resort as a year-round attraction. The financing package blends conventional debt and clean-energy-backed capital to make the project attainable in a “micro-rural” market like Osage Beach.
According to X-Caliber, the structured financing includes $220 million in conventional senior-secured debt through an affiliate, XRL-ALC LLC, as well as $65 million in Commercial Property Assessed Clean Energy (C-PACE) funding through CastleGreen Finance. The closed deal represents X-Caliber’s largest Rural PACE-X transaction since the funding product was introduced in late 2024. It also marks the largest C-PACE financing ever recorded in Missouri and for CastleGreen Finance.
Gregg Delany, Ken Lorman, and Gabe Mashaal from X-Caliber Advisors originated and structured the financing on behalf of Tegethoff Development Co., the developer behind the Lakeport project.
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Beyond financing milestones, the Oasis at Lakeport has been designed with a strong focus on sustainability and cost efficiency. The development incorporates energy-efficient systems expected to save an estimated $11 million over the lifetime of the improvements. These investment decisions help reduce long-term operational expenses while aligning with clean-energy financing requirements.
The project is also anticipated to deliver major economic benefits to the region. More than 1,500 construction jobs and over 500 full-time positions are expected once the resort is fully operational. The amusement park and attractions are projected to open in spring 2026, followed by the hotel and indoor waterpark, which are slated for a late 2027 debut. Plans for the Lakeport destination were first announced in 2023, with the new financing now clearing the way for full-scale construction
The financing supports Missouri’s strategy to elevate tourism infrastructure near Lake of the Ozarks, one of the state’s most visited recreation areas.
Indoor waterpark and hotel amenities help reduce tourism seasonality, enabling stable income beyond summer months.
The record-setting C-PACE financing signals rising demand for sustainable tourism projects where energy savings support long-term profitability.
X-Caliber’s Rural PACE-X product is emerging as an important financing tool to attract large-scale developments to small markets that would otherwise lack traditional loan leverage.
Originally reported by Rebusiness Online.
