Invest in the Last Mile of Solar

The Ballast Rock Real Estate Private Credit Fund gives investors access to short-duration private credit opportunities that finance the final steps of community-scale solar development.

About the Fund

Fund Overview

The Ballast Rock Real Estate Private Credit Fund provides accredited investors with access to private credit investments that fuel the last-mile development of solar projects. By financing critical expenses such as interconnection deposits, land acquisition, and permits, the fund enables projects to reach construction-ready status and achieve sale to long-term owners.

  • Target Fund Size: $5 million

  • Minimum Investment: $50,000

  • Preferred Return: 8% through June 30, 2026; 6% thereafter

  • Typical Hold Period: 6–18 months

  • Management Fee: 1.5% annually

  • Performance Fee: 80% LP / 20% GP

This fund is designed for investors seeking predictable income, downside protection, and exposure to clean energy infrastructure without the volatility of public markets. By occupying a priority cash position in each investment, the Fund is structured to be repaid first when projects monetize — aligning investor returns with the natural exit cycle of solar development.

The Investment Opportunity

Underserved Capital Gap: Most institutional players target $50M+ projects; we focus on <$5M last-mile

Policy Tailwinds:
Federal incentives (ITC/Section 48) and state programs enhance project economics

Time-Sensitive Demand:
Developers must accelerate starts before 2026 to qualify for tax credits

Attractive Returns:
Preferred yield plus potential upside from timely project exits

Why Ballast Rock

500+ Transactions | $1B+ Value | 30+ Years Experience.

The Fund is led by a seasoned team with decades of combined experience in real estate, private credit, and infrastructure development, having executed 500+ transactions totaling over $1 billion