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Executive Moves: Sol-REIT Names Derek Gabriel Sr. as Executive Vice President & Head of Originations

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~ Sol-REIT has appointed Derek Gabriel Sr. as their new Executive Vice President & Head of Originations. Gabriel brings 15 years of experience in solar development, origination, solar policy implementation, tax-equity structures, and debt-financing to the Sol-REIT team.

Prior to joining Sol-REIT, Gabriel served as V.P. of Renewable Energy Lending and Business Development at National Cooperative Bank, N.A., where he managed residential, commercial and utility scale solar business development of over $500 million in assets nationwide. He is a graduate of Xavier University and has co-authored and pioneered solar farm zoning laws in the Southeast to build one of the region's largest solar facilities.

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In his role as Head of Originations, Gabriel will be responsible for cultivating relationships with solar developers and EPCs (Engineering Procurement and Construction) to expedite loan origination and closure. Mark Settles, CEO of Sol-REIT commented on the appointment: "We're very pleased to enhance our senior management team with the addition of an executive with a proven track record of supporting solar developers and EPCs with the financial products they need to achieve their work and ultimately the transition to a clean energy economy." He added that this appointment comes at an opportune time as their pipeline has been growing from inquiries that may have previously been serviced by commercial banks that are facing credit constraints.
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