News

Seminole Financial Services Finances Mezzanine Loan for Student Housing Community at Texas A&M University

Belleair Bluffs, FL - August 28, 2015 – Seminole Financial Services announces today the closing of a preferred equity investment in the amount of $13 Million to fund the construction of a 186 unit (801-bed) purpose-built student housing community known as The Junction Cottages & Townhomes that will primarily serve students attending Texas A&M University in College Station, Texas. The “cottage” design style – a “new urbanism” style residential neighborhood situated on a 24-acre parcel adjacent to The Cottages of College Station – will include cottages of varying sizes, including stand-alone cottages, duplex cottages and townhouses, and will include an attractive amenity package to student tenants.   Originally opened in 1876 as the Agricultural and Mechanical College of Texas, Texas A&M was the first public institution of higher education in Texas. With current reported enrollment, Texas A&M is the fourth-largest university in the United States and the largest university in Texas. The university is designated as a land, sea and space grant institution and it ranks in the top-20 of American research institutions in terms of funding.  

Seminole Financial Services Finances $4.425 Million Equity Investment for Oklahoma State University Student Housing Community

Belleair Bluffs, FL - August 18, 2015 – Seminole Financial Services announces today the closing of a preferred equity investment in the amount of $4.425 Million to fund the construction of a 180 unit (544-bed) purpose-built student housing community which will serve students of Oklahoma State University (OSU). The community - to be called Progress 405 in Stillwater - will serve a growing student body. The "garden style" community will consist of one, two and four-bedroom apartments, and will offer an attractive amenity package to student tenants.   Oklahoma State University (OSU) is a public university located in Stillwater, Oklahoma. It is the flagship institution of the Oklahoma State University System, and is classified by the Carnegie Foundation as a research university. OSU is also one of the highest rated veterinarian colleges in the United States.  

Seminole Financial Services Provides $5.55 Million Construction Loan to Finance 2.2 MW Solar System located in Lemoore, California

Belleair Bluffs, FL - May 8, 2015 – Seminole Financial Services announces today the funding of a $5.55 Million Construction Loan to partially fund the land acquisition and construction of a 2.2 MW DC ground-mounted, single axis tracking solar system located in Lemoore, Kings County, California. Once operational, the project is anticipated to produce over 4.2 million kWh of electricity annually.  

Seminole Financial Services Provides Equity Financing for Louisiana State University Student Housing Community

Belleair Bluffs, FL - May 1, 2015 – Seminole Financial Services announces today the closing of a preferred equity investment in the amount of $13.758 Million to fund the construction of a 179-unit (732-bed) purpose-built student housing community serving students at Louisiana State University (LSU) to be called Arlington Townhomes & Manors in Baton Rouge, Louisiana. The community will be situated on a 20-acre parcel in East Baton Rouge Parish, Louisiana, approximately 1.8 miles southeast of the southeastern edge of the LSU campus and 2.3 miles southeast of the academic center of LSU. The project will include cottage design style construction of varying sizes, including standalone cottages, duplex cottages and townhouses.   Originally opened in 1853, LSU is one of the few land-, sea- and space-grant universities in the country. The LSU system of colleges consists of nine institutions on eight campuses in five cities, with Baton Rouge being the school's main campus.  

Seminole Financial Services Provides $9.1 Million Construction Loan to Finance Two Adjacent Solar Installations in Adelanto (San Bernadino County), California

Belleair Bluffs, FL - December 29, 2014 – Seminole Financial Services announces today the funding of a $9.1 million Construction Loan to build and install two adjacent ground-mounted solar installations totaling 3.750 MW and located in Adelanto (San Bernadino County), California. The project is anticipated to produce over 7.5 million kWh of electricity annually, with Southern California Edison agreeing to purchase 100% of the power generated.  

Seminole Financial Services Provides Equity Financing for Fenton, Michigan Multifamily Apartment Complex

Belleair Bluffs, FL - December 5, 2014 – Seminole Financial Services announces today the closing of an equity investment in the amount of $2.390 Million to fund the acquisition of the Fairfield Apartments, an existing garden-style, multifamily apartment complex located on a 7.4 acre site in Fenton, Michigan. The community was originally constructed in 2002 as seven buildings containing 180 rental apartment units and totaling 131,950 square feet of rentable space. In 2006, the property converted 78 units for the sale of condos. In addition, the property consists of a clubhouse with a 24-hour fitness center, resident business center, pool with sundeck, community BBQ grill and picnic area, and covered parking.  

Seminole Financial Services Provides $8.4 Million Construction Loan to Finance Uxbridge, Massachusetts Solar Project

Belleair Bluffs, FL - October 31, 2014 – Seminole Financial Services announces today the funding of a $8.4 million Construction Loan to build and install a 3.9 MW ground-mounted solar system located in Uxbridge (Worcester County), Massachusetts. The project is expected to produce over 4.7 million kWh of electricity in the first full year after the project's commercial operation date. It is anticipated the local utility company, Massachusetts Electric Company, will consume all power produced from the system.  

Seminole Financial Services Provides over $15 Million in Construction Loan Financing for Two Massachusetts Solar Projects totaling 7.3 MW

Belleair Bluffs, FL - September 30, 2014 – Seminole Financial Services announces today the funding of two Massachusetts solar projects. The first is a $7.728 million construction loan to build and install of a 3.2 MW canopy-mounted solar system located at the Bristol Community College in Fall River, Massachusetts. The project is expected to produce over 3 million kWh of electricity in the first full year after the project's commercial operation date.   The second Massachusetts solar project is a $7.9 million construction loan to build and install a 4.1 MW ground-mounted solar system located in the New Bedford Business Park in Dartmouth, Massachusetts. The project is expected to produce over 5 million kWh of electricity in the first full year after the project's commercial operation date.

Seminole Financial Services Provides Financing for 19.5 MW Wind Project in Clark, South Dakota

Belleair Bluffs, FL - September 25, 2014 – Seminole Financial Services announces today the funding of a $19.592 million construction loan to build and install an 11 Turbine Wind Project located in Clark (Clark County), South Dakota. The Project will have a total installed capacity of 19.5 megawatts, and is expected to produce a combined capacity of over 74 million kWh of electricity in the first full year after the Project’s commercial operation date.

Seminole Financial Services Provides $12.2 Million in Mezzanine Financing for Arizona State Student Housing Community

Belleair Bluffs, FL - July 23, 2014 – Seminole Financial Services announces today the closing of a mezzanine loan in the maximum amount of $12.2 Million to fund the construction of a 159-unit (718-bed) student housing community serving students at Arizona State University (ASU), known as The Cottages of Tempe in Tempe, Arizona. The project will be situated on a 14.6-acre parcel in Tempe, Maricopa County, Arizona, approximately two miles due west of the academic center of the ASU campus. Using various building elevations, the community will be constructed of approximately thirteen different "cottage-style" designs of varying sizes, including standalone cottages, duplex cottages and townhouses.   Originally founded in 1885, ASU is a national space-grant institution and public metropolitan research university located on four campuses across the Phoenix, Arizona metropolitan area. Based on current enrollment figures at this writing, ASU is the largest public university campus in the United States.