In their weekly industry update PeerIQ covered the most recent securitization deals and the acquisitions by student loan servicers Nelnet and Navient; Avant filed AVNT 2017-B worth $232.648mn, a consumer loan ABS transaction; PeerIQ took a close look at Mosaic whose most recent ABS transaction was heavily oversubscribed, with over $1.7 Bn in orders for a $307.5mn deal. Source.
The deal will allow Mosaic to free up room on their own balance sheet and finance more loans; the company operates as a hybrid lender and completed a $139 million securitization in February; the move shows the willingness for a big bank to buy and own solar loans. Source
Several years ago I installed solar panels on my house. It was an expensive proposition but I really wanted to...
Leading home solar financed Mosaic has partnered with PeerIQ on latest securitization; Mosaic used the PeerIQ platform to allow potential ABS buyers to have insight into their complete set of loan-level data; the partnership will allow for more transparency, streamline diligence and execution. Source.
Tis the season for gift giving and this week solar investing platform Mosaic started their Gift of Solar program. I...
Mosaic has announced the closing of its Mosaic Solar Loans 2017-1 securitization portfolio which resulted in proceeds of $138.95 million; Guggenheim Securities and BNP Paribas were the lead arrangers on the deal; Mosaic specializes in solar loans with over $1 billion originated on the platform since its launch. Source
SolarCity is the largest installer of solar panels for residential homes. According to their press release yesterday they provide one...