Crestmark named Jon Ellis vice president, renewable energy. Based in North Carolina, he will report to Crestmark President Mick Goik.
“We welcome Jon to Crestmark and look forward to his expertise as we increase our focus on renewable energy finance,” said Goik. “With over $147 million in solar fundings in 2019, Crestmark has been actively providing financing to the solar industry through field equipment leases, sale/leaseback transactions, and long-term debt through the USDA. Jon will partner with Chris Soupal in our Government Guaranteed division, along with other divisions who are already lending into the renewable space – formalizing our initiatives within a division focused exclusively on growing this important segment across all renewable energy sectors including solar, wind, biomass, thermal, fuel cells and storage.”
Ellis has more than 25 years of finance industry experience and a background in renewable energy. Most recently, he served as chief financial officer and director of project finance for ReNew Petra Integrators. There, he led efforts to promote the strategic development for institutional tax equity and sponsor equity partnerships. He was also responsible for construction financing and traditional and USDA permanent debt solutions for solar and bioenergy projects — which included financial modeling and structuring, legal documentation and negotiations, with leadership or participation in securing over $100 million in portfolio assets.
Previously, he served as project finance manager for SunEnergy1, chief operations officer and vice president/regional correspondent lender for United Partners Bank, vice president/regional correspondent lender for Silverton Bank, chief financial officer for Overhead Door Company of Charlotte, vice president/commercial lending officer for Branch Banking and Trust Company and vice president/relationship manager for PNC Bank. He has also served as an independent contractor and financial consultant, providing financial modeling and evaluation for real estate firms, finance companies, and solar developers for more than 10 years.
