Foley & Lardner LLP served as borrower’s counsel for Bridge Renewable Energy (BRE), a subsidiary of Bridge Investment Group Holdings LLC and a leading developer, owner, and operator of distributed generation solar and energy storage assets, in a portfolio financing to support the construction of a 40 MW distributed energy solar and battery storage portfolio.
The portfolio financing consists of an $80 million delayed draw term loan facility and a $5 million revolving credit facility, with the term loan facility primarily structured as a construction-to-term loan with additional capacity for a preferred equity bridge loan and a tax credit bridge loan. The financing will support BRE’s development, construction, and operations of 42 community solar, commercial and industrial solar, and energy storage projects located across nine U.S. states (AZ, CA, GA, IL, MD, ME, MN, NE, and TX).
Bridge Investment Group is an affiliate of Apollo (NYSE: APO) and a leading alternative investment manager, diversified across specialized asset classes, with approximately $50 billion of assets under management as of June 30, 2025. Powered by Apollo, Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select real estate verticals.
The Foley energy finance team was led by partner Lynn Parins, senior counsel Rachel Conrad, and associates Matthew Gullickson and Cameron Saneii with substantial support from of counsel Scott Johnson (Energy Regulatory) and partner Adam Schurle (Tax).
