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Renewable energy activity continued to flourish in North Carolina in 2015, and while the state tax credit sunsets and safe-harbored projects work their way through the pipeline, all expectations are that renewable energy transactions will continue at a robust pace in 2016. In 2015, the attorneys at WF represented senior secured lenders providing construction, construction-to-permanent, and back leverage financing to renewable energy sponsors in 16 different transactions, that collectively total 47 solar farms, over 230 MW of renewable energy capacity and over ... Read more

The Role of Local Counsel In a Multi-Jurisdictional Transaction

Many transactions, especially those involving real estate, qualify as a “multi-jurisdictional transaction.”  Imagine the real estate investor, a California LLC headquartered in Los Angeles, that forms a wholly-owned Delaware LLC subsidiary to purchase an investment property located in Hilton Head Island, South Carolina.  In order to finance the purchase, the subsidiary/borrower obtains a loan from a lender headquartered in Charlotte, North Carolina.  The lender will opt for North Carolina law to govern the loan documents, except that the laws of the ... Read more