Thursday, December 14, 2017

Sherin and Lodgen Represents Boston Private Bank & Trust Company to Finance NuGen Capital in Halifax, MA Solar Project

Boston, MA (PRWEB) June 05, 2015

Boston law firm Sherin and Lodgen LLP announces that its Solar Energy Practice Group represented Boston Private Bank & Trust Company in the development of a virtually net metered 3.106MW solar project located in Halifax, MA. Bethany A. Bartlett, chair of the Group and a partner in Sherin and Lodgen’s Real Estate Department, along with associate Beth A. Goldstein, led the legal team involving Boston Private’s construction-to-permanent $ 6.8 million loan for project development. The electricity generated by the project will be sold to the City of Brockton pursuant to a power purchase agreement with investor and owner, NuGen Capital, affording the city with valuable savings to its electric bill while providing the Town of Halifax with tax benefits.

“Sherin and Lodgen’s deep understanding of the solar space creates a collaborative atmosphere that benefits all parties to a transaction,” said Dan Poydenis, Managing Director and General Counsel of NuGen Capital, the owner of the project. “As lender’s counsel, they consistently negotiate the right structure and deal for their client without compromising the business objectives of the borrower.”

Bartlett focuses her practice on transactional real estate and includes the acquisition, disposition, leasing and financing of both developed and to-be-developed properties, including land use, zoning and permitting matters, as well as conservation and deed restrictions for the preservation of open space. She has a specialty concentration in representing lenders in complex financing transactions, including Solar, New Market and Historic Tax Credit deals, as well as permanent financing for solar facilities.

Goldstein represents buyers, sellers, developers, and lenders in the sale, acquisition, financing, development, and leasing of commercial real estate throughout Massachusetts and New England.

About Sherin and Lodgen LLP

Sherin and Lodgen is a mid-sized Boston law firm specializing in real estate, litigation, and business law. The firm handles complex matters, while providing responsive, senior-level attention to every matter. Known for its effective, efficient and focused representation, Sherin and Lodgen delivers sophisticated analysis and a high touch service by developing an in-depth understanding of clients’ business goals, issues, concerns and emerging industry trends.

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