OAKLAND, Calif., July 15, 2021 /PRNewswire/ — Mosaic, a leading financing platform for U.S. residential solar and energy-efficient home improvement projects, today announced it has surpassed $5 billion in loans funded through the company’s platform. This announcement comes just five months after the company shared it had surpassed $4 billion in loans funded.
“At a time when the country is experiencing record heat waves, droughts and weather-related power outages, we know how important it is to make energy-efficient home improvements accessible and affordable for homeowners,” said Billy Parish, founder and CEO, Mosaic. “It is phenomenal that we’ve been able to fund more than $1 billion in loans in such a short period of time, which is a testament to our team and partners, and to the families choosing to switch to clean energy.”
At the same time, the company also closed its 10th solar securitization — which is more than any other solar loan issuer in this space. The $191 million solar loan securitization included 14 unique investors.
“This is another record-breaking deal with a blended cost of 1.98% across the bonds — the lowest of any residential solar loan securitization to date,” said Parish. “The financial markets continue to recognize solar loans as a strong asset class and reward Mosaic’s consistent performance and underwriting discipline. Our…