Seminole Financial Services announced today that the company has closed financing for three renewable energy projects in the past week. And with 14 construction loans so far this year, Seminole has already financed more installations than it did in all of 2011.
Seminole has now provided financing for 32 projects and over 67 MW of solar and wind installations. Together with its permanent debt financing program, Seminole has committed over $200 million to renewable energy projects since its inception in 2009. Focusing on projects in the $2 million to $30 million range, Seminole has financed renewable energy projects around the country at various municipalities, utilities, and school districts, as well as Walmart, BJ’s Wholesale Club, Safeway, and Anheuser-Busch. The projects have been located primarily on the east and west coasts of the United States, including Arizona, Colorado, Florida, Massachusetts, New Jersey, North Carolina, Oregon, Vermont and Washington.
This week’s closings included nearly 7 MW of projects, including a solar ground-mounted project at a waste water reclamation plant and two wind installations at separate locations for a global building materials manufacturer. All three projects are located in California.
Seminole Financial, which closed 12 deals in 2011, has become a financing alternative for developers seeking funding for renewable energy projects, thanks to a relationship-first mentality of making deals that work for all involved. “We are a relationship lender,” said Bob Banks, CEO of Seminole Financial. “Our growth and success can be traced to the amount of repeat business we have done with a number of developers.”
For more information about renewable energy financing, please contact Chris Diaz, Senior Vice President for Seminole Financial Services at (727) 460-0578 or firstname.lastname@example.org.
Seminole Financial Services, LLC (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 and permanent debt for below utility scale renewable energy projects. Transactions are generally between $2 million and $30 million in value.
In commercial real estate, Seminole has also provided over $150 million of debt and equity capital since 2009 for projects and partners in various property types including multi-family, student and senior housing, and redevelopment.
Based in Belleair Bluffs, Florida, SFS 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