Subject: Re: IBERDROLA - TRANSCAPITAL - CAPITAL ONE
From: "Devon Archer" <[email-masked]>
To: "Jack Casey" <[email-masked]>
Cc: <[email-masked]>, "Arlene Busch" <[email-masked]>, "Jerry McDermott" <[email-masked]>, "Roman Brilman" <[email-masked]>, "John Boc" <[email-masked]>
Date: Fri, 22 Jul 2011 12:08:52 -0400

Thanks Jack.  Speak to you Monday at 11am.

Devon Archer
+646 436 3745

Please excuse typos as this message was sent from my handheld device.

On Jul 22, 2011, at 11:09 AM, "Jack Casey" <[email-masked]<mailto:[email-masked]>> wrote:

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+115&csz=Potomac%2C+MD++20854&country=us>

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

tel:
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301-983-5000
301-983-9012

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