Tag: solaREIT
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A new development capital solution for solar developers
In the competitive landscape of solar project development, securing adequate development capital remains a significant challenge for many in the industry. With traditional funding sources often presenting hurdles in the form of high interest rates and stringent repayment terms, developers find themselves in a precarious position. This common plight in solar project financing has been……
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SolaREIT secures $15 million revolving credit facility with Atlantic Union Bank
Virginia-based solar real estate investment firm SolaREIT has closed on a $15 million revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with additional finances to continue grow its business and to efficiently use its securitization facility established in 2021 with Nuveen/TIAA CREF. SolaREIT represents an innovative model in……
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SolaREIT closes solar lease deal with Massachusetts’ largest cranberry grower
SolaREIT, a solar real estate investment fund, has closed a lease purchase for more than 125 acres of land with 31.46 MW of solar. The deal, with A.D. Makepeace Company, North America’s largest cranberry grower and the largest private property owner in eastern Massachusetts, is SolaREIT’s largest yet in Massachusetts. “Solar aligns with our company’s……
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SolaREIT launches with unique solar power compensation deals for landowners
A solar real estate investment fund, SolaREIT, is officially launching with the closing of their first tranche of capital and looks to employ an innovative model with more options to compensate landowners for hosting solar farms. Solar is a land-intensive technology — the National Renewable Energy Laboratory estimates that solar panelsRead More — Solar Builder magazine