MMA Capital forms solar lending joint venture Renewable Energy Lending

By Tali Rackner

Norfolk, Va., Nov. 9 – MMA Capital Management, LLC announced that it entered into an agreement with an affiliate of TSSP to form Renewable Energy Lending, LLC, a solar lending joint venture, according to a press release.

Renewable Energy Lending will provide financing for the construction and ongoing operations of solar power projects located throughout North America.

“When combined with our ongoing relationship with Fundamental Advisors, we think this new venture will allow us to grow our origination platform across multiple product types within the solar lending space and allow us to deploy capital at attractive rates of returns," MMA chief executive officer Michael Falcone said in the release.

MMA Energy Capital, LLC, a wholly owned subsidiary of MMA Capital, will provide loan origination and administrative services to REL. Kimberlite Advisors, LLC served as financial advisor in the formation.

MMA Capital is a real estate asset management company based in Baltimore.

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