Mount Signal Solar Project Solar 266 MW

//Mount Signal Solar Project Solar 266 MW
Mount Signal Solar Project Solar 266 MW2018-03-22T18:15:02+00:00

Project Description

Supervised negotiation of real estate and title policy deliverables to close post-construction equity financing with Google, Inc. (PR July, 2014)

Directed title date-down procedures during construction to ensure developer compliance with lender financing requirements

Supervised negotiation and drafting of leases and easements to accommodate phased project structure and title insurance for junior and senior debt financing – (PR November, 2012)

  • 2,000 acres, Imperial County,
  • 11 landowners – Greenfield – SDG&E off-taker
  • $720 Million Non-recourse senior & junior debt financing, letter of credit and federal cash grant bridge loan, Bank of New York Mellon Trust Company and Morgan Stanley senior funding
  • Equity Transaction – Google, Inc.
  • First Solar photovoltaic modules, Santerno inverters and Satcon horizontal single-axis trackers
  • Dominant Challenge Tiered concurrent waterfall closing structure; monthly construction loan draws; Strategic negotiation of title insurance terms and conditions between Stewart Title Insurance Company, First American Title Insurance, Lender First lienholder and Google

Project Details

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