Sol-REIT secures warehouse credit facility with Amerant Bank

Sol-REIT, a finance firm seeking to bring mortgage REITs to the solar industry, has secured a warehouse credit facility with Amerant Bank, the largest community bank in Florida.

According to a release, the Amerant Bank facility will enable Sol-REIT to deploy its pipeline of over $800 million and 400 megawatts of solar power to support small and medium-sized solar developers, as well as renewable energy projects in historically underserved communities. Sol-REIT offers financing of $5 million to $50 million to individual solar projects.

“By securing a warehouse facility with a major regional bank, we’re able to provide small to medium-sized solar developers with access to capital and proliferate the access to clean energy for many households and businesses across the country,” said Sol-REIT CEO Mark Settles.