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Boston & New England  + Boston  + Industrial  |  June 25, 2020
David Cohen
By: David Cohen

Sherin & Lodgen Secures Construction Loans for Three Solar Facilities

Boston-based law firm Sherin and Lodgen LLP and the firm’s Renewable Energy Group has represented PeoplesBank in providing financing for the development of three ground-mounted solar facilities totaling 19 megawatts in New York State.

The borrower, Lodestar Energy, recently secured approval under the New York State Energy Research & Development Authority solar program for the facilities. All three facilities are expected to be operational in 2020. The three-loan portfolio included construction and term debt, a loan to bridge NY-Sun state incentives administered through NYSERDA, and a loan to bridge a future tax equity investment.

Beth Goldstein, chair of the renewable energy group led the team at Sherin & Lodgen which also included Jack Anetakis and Tanya Larrabee. The national Renewable Energy Practice Group at the firm represents lenders, developers and companies dedicated to sustainability through solar, wind and energy storage initiatives.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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