Mark Settles and Jim Spano of Sol-REIT | Improving Economics for Solar Developers with REIT Loans Ep.87

Get a 15% discount to attend Midwest Solar Expo with discount code: CPH15. www.MidwestSolarExpo.com/, the premier B2B solar and clean energy event in the region. These guys know solar.  These guys know financing.  Put that together and Sol-REIT, LLC (Sol-REIT) is a one stop shop for solar investors and developers to access capital and maximize returns with more control over each stage of the project.Sol-REIT offers financing of construction loans for small to mid-sized solar project developers underserved in the market today.  Sol-REIT will be the first firm to bring the proven mortgage REIT model to the solar industry, ushering in a new era of control and profitability for developers.Mark Settles is the Chief Executive Officer (CEO) of Sol-REIT.  Mark serves as a liaison with the firm’s Board of Directors, furnishes executive leadership across the firm and brings over 35 years of executive leadership, financial markets expertise and economics education experience to the firm.Jim Spano is the Co-Founder and Head of Originations of Sol-REIT.  Jim leads originations for the company's loan investments, as well as strategic business development relationship management with the company's solar developer and mortgage broker clients.Listen in for an education in structured financing, its fundamental differences to traditional loans and how REIT-style loans previously reserved only for real estate can be favorable for a solar build.Key TakeawaysHow Sol-REIT came to be, started by solar developers, not bankersWhy Sol-REIT is the financing solution for small and mid-sized solar developers How structured financing supports the developer by monetizing the value of getting a project to NTPWhy treating solar project financing similarly to real estate financing makes logical senseThe easiest way for a developer to maintain control over their cashflow for a projectExamples of how Sol-REIT’s depth of knowledge of solar far surpasses any other lenderHow structured finance relies solely on the revenue of the project it is funding, not the revenue of the company as in typical financingHow Sol-REIT offers capital with zero to minimal sponsor equity requirement for the full term of the projectWhy traditional financing options aren’t in line with the operational life of a typical solar projectHow the REIT solution allows developers to own the project long-term and avoid selling to aggregatorsHow to eliminate the middleman and bring the project right to investment banks in half the timeConnect with JimJim Spano on LinkedInTwitterYouTubeConnect with MarkEmail [email protected] on LinkedInConnect with Tim   Clean Power Hour  Clean Power Hour on YouTubeTim on TwitterTim on LinkedIn Email [email protected] Review Clean Power Hour on Apple Podcasts ResourcesSol-REIT Kevin Adler, Co-FounderBrian A. Sidman, Co-Founder Support the showConnect with Tim  Clean Power Hour  Clean Power Hour on YouTubeTim on TwitterTim on LinkedIn Email [email protected] Review Clean Power Hour on Apple PodcastsThe Clean Power Hour is produced by the Clean Power Consulting Group and created by Tim Montague. Contact us by email:  [email protected] sponsors who share our mission to speed the energy transition are invited to check out https://www.cleanpowerhour.com/support/The Clean Power Hour is brought to you by CPS America, maker of North America’s number one 3-phase string inverter, with over 6GW shipped in the US. With a focus on commercial and utility-scale solar and energy storage, the company partners with customers to provide unparalleled performance and service. The CPS America product lineup includes 3-phase string inverters from 25kW to 275kW, exceptional data communication and controls, and energy storage solutions designed for seamless integration with CPS America systems.  Learn more at www.chintpowersystems.com