One of our unique commercial loan specialties is Solar farm financing. Our Solar Farm Loans go from $500,000 to $5,000,000 and we do loans in all 50 states. Depending on the specifics of a solar project, loan to values can go up to 85% and even higher in many cases. We will require some initial documents to quickly evaluate your solar project’s viability for our loan program and after this initial review can close relatively quickly considering the nature of these type projects. We are available to discuss your project and answer any questions you might have regarding our solar farm loan program so we can e-mail you the initial forms to submit for our preliminary review. The faster you submit documents both initially and then after our pre-approval, the faster we can close your solar farm project loan. Also, our solar farm finance program will require good (not necessarily perfect) credit, and a solid business background appropriate to a solar farm project. Lastly, there are no up front fees to get started. Once you are pre-approved and ready to get into underwriting, there will be a need for submitting monies to cover third party fees such as an appraisal and title search. If at any point we determine your project doesn’t qualify for our loan program, any funds remaining from your initial deposit will be returned.
We pride ourselves in having innovative, responsive lenders with good terms for projects such as solar farms (and many others) and while some of our commercial real estate loans are short term bridge loans for situations where traditional financing won’t work, in most cases our solar farm loans are long term with fixed rates. Please call us at 828-380-5422 or 828-689-4683 if you have any questions or want us to send you the initial documents to get the process started. We look forward to hearing from you.