Subject: IBERDROLA - TRANSCAPITAL - CAPITAL ONE
From: "Jack Casey" <[email-masked]>
To: <[email-masked]>, <[email-masked]>, "Arlene Busch" <[email-masked]>
Cc: "Jerry McDermott" <[email-masked]>, "Roman Brilman" <[email-masked]>, "John Boc" <[email-masked]>
Date: Fri, 22 Jul 2011 11:09:35 -0400

Hunter, Devon & Arlene:

              Jerry McDermott would like to have a dial in conference
call Monday July 25, 2011 at 11:00 AM.

We are ready to finalize and close with our client Capital One. We want
to make sure Rosemont Seneca understands the transaction and is
committed to fund the cash equity portion and has been compensated in
the transaction.

              Here is a quick deal synopsis:

              $100 Million Iberdrola Solar transaction "Project Sun"
Copper Crossing, Arizona.

              Transcapital is purchasing a 49% interest from Iberdrola
for $ 52.2 Million

              Rosemount Seneca is to provide $ 22 million in cash equity
portion with a 8.65% return

              Capital One will provide $ 28 million of tax credit equity
at an 11% yield (flip structure)

              Meridian Investments will be paid 1.5% on the tax credit
equity at closing for structuring and placement equaling $ 420,000 

              We want to make sure you understand the steps necessary to
close and the tax opinion that will be required by Capital One to close.

              Please reply all to make sure you will be available for
the call and we will schedule it. Should you wish to call Jerry directly
he is at 301-983-5000 till 3:00 PM today.

              Thanks, Jack

  <http://www.meridianinvestments.com/> 

$15 Billion in Tax Credit Equity Since 1981

Jack Casey
Vice Chairman 

Meridian Investments, Inc
10220 River Rd, Ste 115
Potomac, MD 20854
<http://maps.yahoo.com/py/maps.py?Pyt=Tmap&addr=10220+River+Rd%2C+Ste+11
5&csz=Potomac%2C+MD++20854&country=us>  

[email-masked] <mailto:[email-masked]>  

tel: 
fax: 

301-983-5000
301-983-9012 

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