Seminole Financial Services Announces Construction Financing for 2.4 MW Solar Project in Laurinburg, North Carolina

Belleair Bluffs, FL – March 28, 2012 –

Seminole Financial Services (“Seminole”) announced today the funding of a construction loan to MP2 Capital, who will contribute additional resources, for the installation of a 2.4 MW ground-mounted solar array located in Laurinburg, North Carolina. The Laurinburg Solar Project site offers direct connection to the utility electrical grid through pole-mounted overhead lines, and will provide over 3,500,000 kWh of energy annually. Installation is expected to be completed and placed in service by Spring, 2012.

 

For more information about this transaction or renewable energy financing, please contact Chris Diaz, Senior Vice President for Seminole Financial Services, at 727-460-0578 or at
cdiaz@seminolefinancialservices.com.

About Seminole Financial Services

Seminole Financial Services, LLC (SFS) is the operating entity of the six companies that collectively make up the Seminole Companies (Seminole). SFS is responsible for originating, underwriting, servicing and providing asset management for the debt and equity investments originated for institutional investors managed by sister company, Seminole Advisory Services, LLC (SAS). SAS is a registered investment advisor with the SEC and presently has several hundred million dollars in assets under management. SFS provides debt and equity investments for commercial real estate and renewable energy transactions nationwide, specializing in short and intermediate term investments.
www.seminolefinancialservices.com

 

About MP2 Capital

Founded in 2006 to satisfy the growing demand for renewable energy resources, MP2 Capital develops, finances, and operates solar projects throughout North America – selling the electricity produced to commercial, government, and utility customers under Power Purchase Agreements and Feed-in Tariffs. Based in San Francisco, MP2 Capital owns and operates solar-generating assets across the United States, allowing our diverse array of customers to enjoy reliable, economical electricity without up-front or ongoing operating expenses, and project investors to enjoy attractive, risk-adjusted returns. MP2 Capital is dedicated to working with partners to enable the rapid and efficient development of solar energy throughout North America.
www.mp2capital.com