Financing

Seminole Financial Services, LLC Finances Two North Carolina Solar Systems for ET Capital Totaling 11.5 MW

Belleair Bluffs, FL - April 12, 2016 – Seminole Financial Services ("Seminole"), a leading national lender in renewable energy, today announced the closing of $19.525 Million construction financing with ET Capital, a member of the ET Solar Group, to fund two solar systems located in the State of North Carolina. Located in Garysburg (Northampton County), North Carolina, the 6.5 MW ground-mounted LongFarm 46 Solar Project covers an area of approximately 45 acres and is expected to generate over 10.4 million kWh of clean energy in its first year of operation. The Hertford Solar Project, a 5.0 MW ground-mounted system located on approximately 35 acres in Hertford (Perquimans County), North Carolina, is anticipated to have an output capacity of nearly 10 million kWh of solar power in its first year.

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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 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 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 $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 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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