Lending and Investing
for the Greater Good Financing Sustainable Energy Properties
Financing sustainable energy properties, CastleGreen Finance, in alliance with X-Caliber, has established itself as a leading source of private capital dedicated to implementing Commercial Property Assessed Clean Energy (C-PACE) financing across the commercial real estate sector. CastleGreen embraces the collaboration of commercial real estate construction and green energy and carbon emission reduction initiatives. Through a superior capital stack, we provide property owners with the financing tools needed to create and redevelop clean, sustainable, energy-efficient real estate.
By harnessing its industry experience and leveraging its extensive expertise in C-PACE financing, CastleGreen is uniquely positioned to provide property owners with a comprehensive suite of financing options that are catalysts designed to support the new construction financing, development, and rejuvenation of commercial property projects, solar photovoltaic systems, emphasizing sustainable energy solutions, energy efficient HVAC Systems, and ecological responsibility.
CastleGreen’s strategic partnership with X-Caliber amplifies its capacity to innovate C-PACE’s financing sustainable energy projects, facilitating the creation of financially viable and environmentally properties.
CastleGreen Finance Leadership - Financing Sustainable Energy Properties
Sal Tarsia
Managing Partner
Sal Tarsia has over 25 years of experience in commercial real estate with specific expertise in structured lending, CMBS originations and underwriting, and C-PACE financing. Before founding CastleGreen Finance, Mr. Tarsia ran the Principal Transactions Group at Counterpointe Sustainable Real Estate, a Hannon Armstrong Company, where he managed all aspects of the C-PACE originations, underwriting, and funding for ground-up construction, adaptive reuse, and heavy renovation projects.
Prior to joining Counterpointe, Mr. Tarsia had co-founded Bedrock Capital Associates, a boutique, commercial real estate lending platform where he served as Head of Originations. Mr. Tarsia also served as Senior Vice President within Capmark Finance (formerly GMAC Commercial Mortgage), where he was co-head of Lending Operations, managing the New York office of Capmark’s Proprietary Lending Group. He supervised a team of 22 originators, underwriters and support staff originating over $15 Billion of CMBS, structured floating rate mortgages and subordinate debt on all commercial real estate asset types nationwide.
Mr. Tarsia also held underwriting and asset management positions at Matrix Acceptance Corporation, a specialty lender, Sterling Financial Group, a low-income housing tax credit syndicator and Bogner Equities, a boutique lender and real estate owner. Mr. Tarsia received a BS in Finance / Management Information Systems from Albany University and a Master’s degree from NYU’s Real Estate Institute.
Chris Callahan
Managing Partner
Christopher Callahan has over 20 years of residential commercial real estate finance and overall industry experience. Throughout his career, he and his team have provided over $70 billion of capital to the multifamily & healthcare space, including the rate lock and purchase of the single largest HUD-insured housing project, a $621 million financing in the Bronx, NY.
Prior to purchasing X-Caliber, Mr. Callahan was a Managing Director and Head of Non-Agency and Agency CMBS and CLO trading at Credit Suisse. Mr. Callahan was a member of the Fixed Income Department Operating Committee and part of the Securitized Products leadership team. During his tenure, the Agency CMBS business was the #1 ranked franchise in securitization volume for five consecutive years, the Non-Agency CMBS business achieved a #1 ranking, and their CLO business achieved a top-tier designation. Before Credit Suisse, Mr. Callahan was a Managing Director at Bank of America Merrill Lynch from 2005-2010, where he was Co-Head of the Agency and Non-Agency CMBS trading businesses. In this capacity, the group was the #1 franchise in Non-Agency CMBS trading and Agency CMBS securitizations.
Before joining Bank of America Merrill Lynch, Mr. Callahan was a Vice President and head of the Agency / Non-Agency CMBS trading group at Nomura Securities from 1996-2005. He was also a senior member of the residential agency MBS trading desk. Mr. Callahan received a BS in Management / Finance from Binghamton University.
CASTLEGREEN FINANCE'S EXECUTIVE TEAM
Mark McClure
Executive Director - Head of South Central Originations
Michael Spachman
Executive Director - Head of Western Originations
Lance Haberin
Managing Director - Transaction Manager Operations
Scott Crimmins
Executive Director - Head of Eastern Originations
Renzo Aida
Associate Director - NY Office Origination's Manager
Anthony Searles
Analyst - Underwriting and Due Diligence
Amanda Samai
Managing Director – Capital Markets and PACE Compliance
Martin R. Nunnally
Vice President – Underwriting and Energy Compliance
Debbie Campbell
Managing Director – Originations
Paul Fitzsimmons
Managing Director – Originations
Gina Russo
Vice President - PACE Programs Closing Coordinator
Frank Luzzi
Assistant Vice President - Servicing and Asset Management
Frank Tarsia
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