
SolaREIT Secures $200M Debt Facility from SLC Management
SolaREIT has entered into a long-term financing agreement with SLC Management, the institutional fixed income and alternatives arm of Sun Life Financial, establishing a $200 million debt facility to support land financing solutions for solar and battery energy storage system (BESS) developers across the U.S. The facility will fund expansion of SolaREIT’s core offerings, including solar and storage land purchases, lease purchases, and land loans.
“This partnership with SLC Management strengthens our ability to deliver fast, flexible capital to developers, at a time when they need it most,” said Laura Pagliarulo, CEO of SolaREIT.
In March, SolaREIT boosted its revolving credit facility to $60 million, with Atlantic Union Bank increasing its commitment and syndicating to EagleBank.
Since its founding in 2020, SolaREIT has financed real estate for solar and storage projects with a combined value of more than $3 billion nationwide. The firm entered the energy storage market in 2023 and has since completed more than $125 million in BESS transactions.
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