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Developer Eyes Another Sale-Leaseback July 20, 2010

--Brian Eckhouse
Project Resources Corporation has initiated discussions with bankers about financing its proposed $100 million, 50 MW Lakeswind project near Fargo-Moorhead, Minn. Paul White, president, says a sale-leaseback with a single investor is being considered. That was a structure used last month as part of a $51 million construction loan from Union Bank backing its 25.3 MW Ridgewind farm in Woodstock, Minn. The firm is looking to secure the debt by year-end,
“The single-investor financing is attractive because we work with one institution, so ...

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