CairnSpring Mills
Investment Highlights
Investment Amount
$800,000
Investment Type
Subordinated Loan
Investment Duration
5 Years
Projected Return
4.5%
Location of Job Activity
Rural
Application Processing
Priority
Total Project Cost
$53,894,104
Total EB-5 Raise
$10,400,000
Estimated Jobs
496
Job Cushion
280%
Administrative Fee
$70,000
I-956F Project Application
Filed
The Future of Flour Milling
Cairnspring Mills is a regenerative flour company at the forefront of the U.S. craft flour movement. The company produces premium flour from regeneratively farmed grains, supporting better nutrition, regional sourcing, and sustainability. Building on the success of its flagship mill in Skagit Valley, Washington, Cairnspring is now developing a second facility in Northeast Oregon to meet rising demand from artisan bakeries and foodservice customers across the country.
Regenerative flour milling
Why Invest
Cairnspring Mills is expanding its proven craft flour model with a new mill in rural Oregon, a location that qualifies for EB-5 visa set-asides and priority processing. The project is fully funded and backed by a 50-year site lease, reducing development risk. With over 490 jobs projected—well above program requirements—and a straightforward five-year loan structure, this offering is designed to support both immigration success and timely repayment of invested capital.
Tututilla, Oregon (Umatilla Indian Reservation)
Cairnspring Mills is building its second facility, the Blue Mountain Mill, on a long-term leased site within the Umatilla Indian Reservation in Northeast Oregon. The 50-year lease provides stability for the project while supporting local economic development in a rural area that qualifies for EB-5 priority processing.
Craft Flour in an Underserved $63B Market
While craft markets in coffee, beer, and chocolate have grown significantly in the U.S., flour remains largely overlooked. Craft flour accounts for less than 2% of a $63 billion market. With rising demand for regenerative, premium food products, Cairnspring Mills is well-positioned to serve high-end bakeries, chefs, and foodservice providers seeking greater transparency, quality, and sustainability.
Expanding with the Blue Mountain Mill
Cairnspring Mills produces craft flour using regeneratively grown grains and traditional stone milling. This method preserves nutrients and enhances flavor while supporting regional agriculture. The new Blue Mountain Mill will triple the company’s production capacity, enabling it to meet growing demand while maintaining its commitment to quality and sustainability.
Why This Market is Ripe for Disruption
Craft flour is underrepresented in the U.S. food supply chain. Consumers and professional bakers alike are increasingly seeking traceable, nutrient-rich, and environmentally responsible ingredients. Cairnspring’s model—partnering with regenerative farms and focusing on flour varietals and terroir—aligns with long-term market trends and opens a clear path for scale.
496 Jobs, 280% Job Cushion
The project is expected to generate 496 new jobs, providing a 280% job cushion over the minimum required under the EB-5 program. These jobs span construction, operations, and grain sourcing, supporting both the local workforce and regional farming partners.
Revenue Projected to Grow from $6.1M to $118M
Cairnspring generated $6.1M in revenue in 2024 with a 42% gross profit margin. With the Blue Mountain Mill coming online in 2026, revenue is projected to reach $118M by 2033. Growth will be driven by bulk flour sales, branded retail expansion (direct-to-consumer and grocery), and private label partnerships with established names such as King Arthur Baking.
$57M Total Budget
The Blue Mountain Mill project is funded through a mix of secured debt, equity, and EB-5 capital: • $35M secured debt from Steward • $11.6M equity investment • $10.4M EB-5 raise This capital structure supports a capital-efficient and scalable expansion plan.
Regional and Strategic Alignment
Cairnspring’s partners include Steward (impact lender) and the Umatilla Indian Reservation (site leaseholder), reflecting both mission and operational alignment. The team brings deep experience in food systems, regenerative agriculture, and craft milling.
A Mission-Driven Team
Cairnspring Mills is powered by a diverse team of millers, bakers, engineers, and food system advocates. Grounded in a shared commitment to sustainability, the team brings deep expertise and a hands-on approach to building a better food supply—one that values transparency, regional sourcing, and regenerative practices.
Team
Kevin Morse
Founder & CEO
Farmer, rural economic development executive, community leader and conservationist. Pioneered innovative market based working lands strategies at The Nature Conservancy.
Francisco Mantilla
COO
20 years experience overseeing regenerative projects and infrastructure development. Former CEO of Runa Latin America and Head of Latin America for EarthWorm Foundation. Universidad de San Francisco de Quito MBA.
Tyler Gage
Chief Financial Officer
18 years of experience as CFO and CEO with a track record of scaling high-growth companies and regenerative supply chains. Expert in complex capital structuring for impact ventures and has facilitated over $400MM in financing and M&A transactions. Brown undergrad and Wharton MBA
Josey Steeples
Blue Mountain Plant Manager
Josey brings over 10 years of experience managing plant operations and capital projects for large milling companies including Grain Craft in Pendleton, Oregon and Ardent Mills.
Katie Rigg
Director of Sales
Over 20 years in the food industry with a focus on Baking and Pastry including restaurants, tech, bakery, catering and weddings. Over 5 years in food distribution sales running the West Coast Pastry division of a publicly traded company equaling over $220MM in annual revenue.
Dave Binczewski
Skagit Mill Production Manager
Farming and agricultural production operations. Pioneered and scaled a new propagation technique for global timber bamboo supplier and built their commercial greenhouse operation. ProVitro Biosciences, Sakata Seed.
Manuela Phillips
Controller
Manuela brings 15 years of experience of finance and accounting management for high-growth food companies and large multinationals including Nestle.
Strengths
Experienced Operator with Proven Model
Cairnspring Mills has operated a successful flour mill in Washington since 2016. The Oregon facility replicates this model with the same leadership team and production approach.
Site Secured with 50-Year Lease
The land for the Blue Mountain Mill is under a long-term lease with the Umatilla Indian Reservation, eliminating land acquisition risk and supporting uninterrupted project development.
Construction Timeline Set
The mill is scheduled to begin production in May 2026. Permitting and pre-construction work are underway, with a clearly defined path to completion.
Rural TEA Designation for Priority Processing
The project qualifies as rural under EB-5 guidelines, making investors eligible for faster I-526E adjudication and visa set-aside availability.
Job Creation Well Above Requirement
The project is expected to generate 496 jobs—providing a 280% job cushion. This significantly reduces the risk of job shortfall impacting immigration outcomes.
Defined Exit Strategy
Investor capital is structured as a five-year loan, with repayment anticipated through operating cash flow and refinancing. There are no profit-sharing terms; principal repayment is the priority.
Commercial Partnerships
Supplying top U.S. bakeries, including Tartine, Macrina, and Grand Central, which pay a premium for Cairnspring’s flour.
Balanced and Fully Funded Capital Stack
The $57M project budget includes secured debt, equity, and EB-5 capital. No reliance on future fundraising ensures the project moves forward on schedule.
Disclosure
This is not an offer to buy or sell securities, which is done by offering memorandum or prospectus only. All investments involve risk. You may lose part or all of your investment. This is not a recommendation, investment advice, or solicitation to sell or buy securities and is not provided in a fiduciary capacity. It does not account for specific investor objectives or circumstances or suggest a course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with their advisors. This material may contain forward-looking statements that are not guarantees of future performance; actual results may differ from any forward-looking statements. This content is not tax advice; prospective investors should confer with a tax advisor for tax advice. Securities offered through Pinnacle Capital Securities, LLC, Broker-Dealer, member FINRA/SIPC. EB5 Marketplace and Pinnacle Capital Securities are separate, unaffiliated entities.
Disclaimer
EB5 Marketplace is not a registered broker-dealer, and Pinnacle Capital Securities and EB5 Marketplace are separate, unaffiliated entities. Pinnacle Privacy Policy | Pinnacle Business Continuity Plan | Pinnacle Form CRS | FINRA Broker Check | https://eb5marketplace.com (the "EB5 Marketplace Website") is a website operated by EB5 Marketplace, a privately held company. EB5 Marketplace provides informational purposes only and does not offer to sell nor solicit an offer to buy any security that may be referenced herein.