FOR IMMEDIATE RELEASE
7/21/2026 – Huntington Beach, CA – Schelin Uldricks & Co. is pleased to announce that it has arranged a sale-leaseback transaction valued at $16,339,203 for a 2.77 MW (DC) solar photovoltaic ground mount system located on a 121.11 acre site in Millington, MD.
“The financing structure for the project enabled our client to monetize their recent investment in developing the site while maintaining management and oversight over the term of the lease. Our client also maintains early buyout options during the term of the lease if favorable market conditions present themselves,” stated Ethan Schelin, Managing Partner.
“This is another example of a programmatic relationship we cultivated with a repeat client and capital source. We look forward to doing more business with the professionals involved in this transaction,” commented Derek Uldricks, Managing Partner. “We appreciate the opportunity to work on an exciting community solar project in a state that needs additional energy resources.”
The project will participate in the Maryland Community Solar Program, under which local homeowners receive renewable energy credits for joining the program that are deducted from their monthly utility bill. The project’s participation will be administered by Delmarva Power & Light Company.
About Schelin Uldricks & Co.
Schelin Uldricks & Co. is a boutique firm offering investment banking services with a focus on providing capital solutions to real estate companies and other mid-sized businesses.
Headquartered in Huntington Beach, CA, Schelin Uldricks & Co. embodies an entrepreneurial culture focused on integrity, transparency, execution, and ingenuity. The founding partners bring over 35 years of collective capital markets experience in investment banking, private equity, and real estate finance. The company offers a broad array of services, including debt and equity placement, M&A, GP advisory, divestitures, and financial restructuring.