Equity Financing

Seminole Financial Services Funds $19.451 Million Equity Investment for Student Housing Development located in Flagstaff, Arizona

Belleair Bluffs, FL - February 25, 2016 – Seminole Financial Services announces today the closing of a preferred equity investment in the amount of $19.451 Million to fund the construction of a 232 unit (814 bed) purpose-built student housing development located in Flagstaff, Arizona, known as The Lofts of Flagstaff. The project is expected to be completed by August, 2017 in anticipation of the start of Fall 2017 classes.   The Lofts of Flagstaff is an off-campus development located in South Coconino County, 0.5 miles west of the edge of Northern Arizona University ("NAU") campus, and 1.1 miles southwest of the center of the NAU academic campus, which enrolls approximately 23,134 students. The Project is approximately 140 miles north of Phoenix (at the intersection of Interstates 40 and 17), and just under 75 miles southeast of the Grand Canyon National Park.  

Seminole Financial Services Finances $12.956 Million Equity Investment for Multifamily Development Located in Lisle, Illinois

Belleair Bluffs, FL - December 21, 2015 – Seminole Financial Services announces today the closing of a preferred equity investment in the amount of $12.956 Million to fund the construction of a 201-unit, multifamily apartment/mixed-use development located in Lisle, DuPage County, Illinois. The community - to be called Main Street Village - is located on the 2.8 acre "Old Village Hall" site in downtown Lisle, 25 miles west of Chicago.   The development will consist of two parcels: The five-story West building will contain approximately 12,409 square feet of ground floor retail, 117 residential units and a parking garage; and the five-story East building will be comprised of approximately 2,045 square feet of ground floor retail, 84 residential units and a parking garage.  

Seminole Equity Partners Provides Renewable Energy Tax Equity Financing in North Carolina for FLS Energy

Belleair Bluffs, FL - July 21, 2015 – Seminole Equity Partners ("SEP"), announced today it has closed on tax equity project financing with FLS Energy ("FLS"). The investment will enable the funding of approximately 35MW worth of solar systems located throughout the State of North Carolina.

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Seminole Financial Services and Seminole Equity Partners Combine to Provide “One Stop Shop” Debt and Equity Financing

Belleair Bluffs, FL - July 1, 2015 – Seminole Financial Services ("Seminole"), a leading renewable energy lender, together with its affiliate Seminole Equity Partners ("SEP") announced today the closing of debt and equity financing for a solar photovoltaic project portfolio expected to become operational in October, 2015.

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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 Equity Partners Provides Renewable Energy Tax Equity Financing in North Carolina for FLS Energy

Belleair Bluffs, FL - January 28, 2015 – Seminole Equity Partners ("SEP") announced today that it has closed on two new tax equity transactions, enabling the funding of approximately $25 million worth of solar systems in the State of North Carolina. The North Carolina transactions represent the first such tax equity financing investment between SEP and FLS Energy, a full service solar energy provider which owns and operates a portfolio of solar energy assets throughout the U.S. and headquartered in Asheville, North Carolina.

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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.