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Atlantic Union Bank Closes $30MM Revolving Credit Facility with SolaREIT
Thursday, February 29, 2024

Lenders/Participants Atlantic Union Bank [Lender]
Structure Revolving Credit Facility
Amount $30.000 Million
Borrower(s) SolaREIT
Description line of credit provides the company with an additional $30 million of liquidity and will allow SolaREIT™ to continue to scale the business and expand financing solutions for solar and storage developers. It is the second revolving credit facility the partners have closed with AUB— the first was a $15 million facility announced last year. SolaREIT's innovative financing model provides solar and battery energy storage solution (BESS) developers and landowners with robust financing options.
Location VA
Related Tags Atlantic Union Bank, Commercial Real Estate, Renewable Energy, SolaREIT

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