Sol-REIT secures warehouse credit facility via Amerant Bank

By Rebecca Melvin

Concord, N.H., May 17 – Sol-REIT announced it has secured a warehouse credit facility that will be used to support financing renewable energy companies and their development projects, according to a press release Tuesday.

The company did not disclose the size of the facility that was inked with Amerant Bank, but said it will enable it to execute its expansive pipeline of more than $800 million and 400 megawatts of solar power, according to the press release.

Sol-REIT aims to provide capital to support small and medium-sized solar developers with renewable energy projects in communities including those that are typically underserved.

Based in New York, Sol-REIT provides construction loans and mortgage loans to individual solar projects with an average loan size of $5 million to $50 million.

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