SolaREIT, a renewable energy real estate investment company, has achieved a significant milestone by securing a long-term debt facility with MetLife Investment Management (MIM). This strategic partnership marks a major advancement for SolaREIT, allowing them to broaden their reach and offer real estate financing solutions to a wider range of solar and battery storage (BESS) developers across the country.
This new debt facility is designed to be both repeatable and scalable, empowering SolaREIT to optimize its capital structure and present competitive financing options to developers. The company’s innovative model provides developers and landowners with access to a variety of financing solutions for solar and BESS projects, including land purchases, lease purchases, and land loans.
Laura Pagliarulo, CEO of SolaREIT, highlighted the significance of this milestone: “This is a significant milestone for SolaREIT. Our debt facility with MIM allows us to rapidly expand our real estate financing solutions to clean energy developers, improving underlying project economics.” She further emphasized the growing demand for real estate financing solutions in the rapidly expanding solar and BESS markets, stating, “The solar and BESS markets are growing exponentially, demanding ever-expanding access to real estate financing solutions. Now more than ever, developers need the financial flexibilities that SolaREIT offers.”
SolaREIT’s Chief Financial Officer, Laura Klein, shared the company’s enthusiasm for this partnership: “This facility represents a strategic step for SolaREIT. We look forward to a sustained partnership with MIM that maximizes the efficiency of our capital structure, allowing us to work with developers to bring more clean energy to the grid.”
The increasing capital intensity of solar and BESS development underscores the need for strategic partnerships like this. SolaREIT’s commitment to providing targeted capital solutions that maximize project profitability has been a key driver of their success since their founding in 2020. Over the past years, they have provided real estate financing solutions for over $2.5 billion worth of solar and BESS projects nationwide, making a tangible contribution to the clean energy transition.
SolaREIT’s innovative approach and dedication to empowering clean energy development position them as a key player in the rapidly evolving renewable energy landscape. This strategic partnership with MIM will further solidify their position as a reliable and trusted partner for developers seeking to bring clean energy solutions to communities across the country.
For more information about SolaREIT, please visit their website: https://www.solareit.com
