Greenfield Milling

C-PACE AMOUNT
$15M
Property Type
Industrial
Project Type
Ramp Up / Bridge
STATE
Utah
Black Creek Barns resort in Esopus, NY

Property Description

Greenfield Milling is a state-of-the-art flour mill built over the last three years. The mill is designed to deliver a dedicated pneumatic flour supply to Campbell's Pepperidge Farm Goldfish Cracker and Milano Cookie plant through a long-term Supply Agreement.

Loan Usage

The C-PACE loan, the first to close in Cache County, Utah, is part of a broader recapitalization following construction of the plant. The long-term maturity of C-PACE allows the borrowers to reduce their overall cost of capital so the operation can ramp up effectively.

In The Press

Black Creek Barns
Press Release, Greenfield Milling in Richmond, UT

Greenfield Milling receives $15 million C-PACE loan to refinance construction of state-of-the-art Richmond, Utah flour mill

Minneapolis, Minnesota (Aug. 18, 2025) – PACE Loan Group closed a $15 million C-PACE loan for Greenfield Milling’s Richmond, Utah state-of-the-art flour mill, which was built during the last three years. The C-PACE loan, the first to close in Cache Country, Utah, is part of a broader recapitalization following the construction of the plant.