Seminole Financial Services, LLC announces today the funding of a $3 million construction loan to build and install a 2.2 MW ground-mounted solar array being constructed on 7.75 acres within the Sharon Commerce Park in Sharon, Vermont.
Known as Sharon Solar I, the project is located in Windsor County, approximately 35 miles south-southeast of the state’s capital in Montpelier, Vermont. The project will produce approximately 2.4-MWh in its first full year and is scheduled for completion at the end of this month.
“Sharon Solar I is our first solar project in the State of Vermont, and our first transaction with developer Talmage Solar Engineering,” said Robert J. Banks, CEO of Seminole Financial Services. “We are pleased to continue to grow and diversify into additional markets. We are also excited about establishing new relationships and look forward to doing additional business in Vermont and with Talmage.”
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 and $30 million in value.
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