SolaREIT™ Announces New $30 Million Revolving Credit Facility with Atlantic Union Bank
VIENNA, Va., Feb. 28, 2024 /PRNewswire/ -- SolaREIT™, a renewable energy real estate investment company, announced today that they successfully closed on a revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with an additional $30 million of liquidity and will allow SolaREIT™ to continue to scale the business and expand financing solutions for solar and storage developers. It is the second revolving credit facility the partners have closed with AUB— the first was a $15 million facility announced last year. SolaREIT™'s innovative financing model provides solar and battery energy storage solution (BESS) developers and landowners with robust financing options.
- It is the second revolving credit facility the partners have closed with AUB— the first was a $15 million facility announced last year.
- SolaREIT™ announced today that they successfully closed on a revolving credit facility with Atlantic Union Bank.
- "We're thrilled to partner with Atlantic Union Bank again to provide financing solutions to clean energy developers.
- "The revolving credit facility with Atlantic Union Bank allows us to continue to expand our offerings to support clean energy projects across the country."