Seminole Financial Services (“Seminole”), a leading renewable energy lender, together with its affiliate Seminole Equity Partners (“SEP”) announced today the closing of debt and equity financing for a solar photovoltaic project portfolio expected to become operational in October, 2015.
SEP was formed via a partnership between Seminole Equity Investments (“SEI”) and Round Rock Partners and is a member of The Seminole Companies (“Seminole”). Its purpose is to provide an efficient, streamlined “One Stop Shop” to meet the needs of developers and investors by providing both debt and tax equity financing for renewable energy projects within the Seminole affiliated group. Since 2009 Seminole has committed over $645 million in construction and permanent debt financing toward 75 solar and wind installations spanning 15 states throughout the continental U.S. and Hawaii, for the equivalent of nearly 250MW. Round Rock Partners and its principals created one of the nation’s first syndicated tax equity funds and pioneered a variety of structures in the debt and tax equity markets, and have combined to finance a variety of tax-incented projects representing more than $1 Billion.
Seminole Equity Partners (SEP) offers tax credit investments to widely held corporations, banks, and insurance companies. The firm provides advisory services that include structuring, deal sourcing, asset management, fund management and underwriting to tax equity investors looking for projects that qualify for the Investment Tax Credit under Internal Revenue Code §48. SEP provides tax equity solutions to complement the debt financing that Seminole Financial Services has traditionally offered. Information is available at www.seminoleequitypartners.com
Seminole Financial Services (SFS) originates debt and equity real estate investments throughout the country for institutional investors. SFS has demonstrated the ability to respond to changing markets and, in addition to traditional commercial real estate, has become a national leader in providing construction/interim and permanent debt financing for below utility scale renewable energy projects.
SFS, based in Belleair Bluffs, Florida, is the operating entity of six companies that collectively make up The Seminole Companies. SFS is responsible for originating, underwriting, servicing and providing asset management for the debt and equity investments originated for institutional investors managed by sister company Seminole Advisory Services, LLC (SAS). SAS is a registered investment advisor with the SEC and presently has several hundred million dollars in assets under management. Information is available at www.SeminoleFinancialServices.com