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  "documentTitle": "Hannon Armstrong Sustainable Infrastructure Capital (HASI)",
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      "text": "HASI purchased its 49% equity stake for just $10,000, yet we estimate that it booked 2021 non-cash, unrealizable gains of $34.8 million from Vivint 3.",
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      "text": "HLBV income: $35 million",
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      "text": "HASI apparently made a $140 million subordinated loan to Vivint Solar Asset 3 in Oct 2020. The project sponsor, Vivint, appears to have cashed out $433.6 million in 2020 and 2021.",
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      "text": "HASI also leases land to Rosie on a 35-year term, ending in 2052, which is 17 years after Rosie’s first two solar PPAs expire.",
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      "text": "Golden Fields Solar III was assigned a solar facility ground lease agreement with HA Rosamond LLC...",
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      "text": "HASI Has Poured Cash into Vivint 3; the Sponsor Has Cashed Out; At Least HASI Generated Non-Cash, Unrealizable 2021 HLBV Income of ~$35 million",
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