SolaREIT closes revolver for additional $30 million liquidity

By Marisa Wong

Los Angeles, Feb. 28 – SolaREIT said it successfully closed on a revolving credit facility with Atlantic Union Bank for an additional $30 million of liquidity.

The line of credit will allow SolaREIT to continue to scale its business and expand financing solutions for solar and storage developers, according to a press release.

This is the second revolver the partners have closed with Atlantic Union Bank; the first was a $15 million facility announced last year.

The renewable energy real estate investment company is based in Vienna, Va.

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