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Alternative Assets  + Real Assets  + Real Estate  | 
SolaREIT Closes Solar, Battery Debt Facility with MetLife IM

SolaREIT Closes Solar, Battery Debt Facility with MetLife IM

SolaREIT closed a long-term debt facility with MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. The debt facility will assist in the company’s efforts to expand accessibility to real estate lease financing solutions for solar and battery storage (BESS) developers. The facility is repeatable and scalable, the firm said. The amount was not disclosed.

Vienna, VA-based SolaREIT provides developers and landowners with competitive financing solutions for solar and BESS project real estate, including land purchases, lease purchases, and land loans.

“Our debt facility with MIM allows us to rapidly expand our real estate financing solutions to clean energy developers, improving underlying project economics,” said Laura Pagliarulo, CEO of SolaREIT. “The solar and BESS markets are growing exponentially, demanding ever-expanding access to real estate financing solutions.”

SolaREIT, a minority and women-owned business, was founded in 2020, and has provided real estate financing solutions for more than $2.5 billion of solar and BESS projects across the country.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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