Sol-REIT
Financial ServicesView the employees at
Sol-REIT-
David Delgado Solar Finance & Development
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Rising Star
Derek G. Executive Vice President & Head of Originations-
Washington
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Rising Star
Vivian Landazabal Real Estate Development | Investment | Renewable Energy | Fintech | Digital | Marketing-
New York, New York, United States
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Top 5%
Mark Settles Chief Executive Officer at Sol-REIT, LLC-
Miami, Florida, United States
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Top 5%
Overview
Sol-REIT will be the first investment vehicle to bring mortgage REITs to the solar energy market. By financing solar like real estate, Sol-REIT is able to offer developers innovative long-term, fixed rate construction to permanent debt that matches the operational life of the asset and a lower cost of capital. For solar developers, Sol-REIT increases developers’ project cash flows, allowing them to transact at substantially greater valuations at commercial operation date (“COD“) resulting in higher developer fees and maintain long term ownership on their balance sheets. For solar asset portfolio owners, Sol-REIT allows owners to swap out high-cost tax equity and short-term debt from project capital stacks with lower costs through longer-term loans that are an unavailable option in the market. The mortgage REIT model applied to solar is also attractive for the investor community, particularly for ESG funds looking to increase their impact while maintaining a diverse, liquid portfolio that includes long-term, predictable income streams from solar energy assets.
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