Mosaic Securitizes $307.5M In Solar Loans
Oakland-based Mosaic, which provides solar loan financing, said it has securitized $307.5M in solar loans, its second term securitization of residential solar loans. According to the company, the securitization was placed with 29 institutional investors based in the U.S. and Europe. Mosaic says that it has now funded more than $1.3 billion in solar loans since inception. Mosaic said the effort was run by Deutsche Bank, BNP Paribas, and Guggenheim Securities, along with DZ Financial Markets. Mosaic provides loans to homeowners for installing solar power systems, and also refers those homeowners to local installers. The company's securitization of its loans are similar to what other solar power companies are doing with solar leases, and also similar to how financing companies securitize mortgages, car loans, and other consumer financing.
posted on Monday, October 30, 2017
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Mosaic Biosciences, Inc.
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