GoodLeap Announces $467 Million of Loans Securitized
GoodLeap, America’s leading digital marketplace for sustainable solutions, announced the closing of GoodLeap Sustainable Home Solutions Trust 2022-2, a securitization underwritten by Credit Suisse and Goldman Sachs. The transaction is backed by $467 million of residential solar loans originated on the GoodLeap platform that were made to approximately 11,000 homeowners. The securitization received ratings from S&P Ratings Agency and Kroll Bond Rating Agency and the loans were originally purchased on GoodLeap’s marketplace by affiliates of Blackstone, Credit Suisse, Davidson Kempner Capital Management LP, Goldman Sachs, GoodFinch, and Varadero.
“Residential solar and home efficiency loans have proven to be a resilient asset class that have shown excellent payment performance,” said Tanguy Serra, GoodLeap’s President and Chief Investment Officer. “It is telling that in a volatile market, the deal was well received.”
See related article: Schneider Electric Calls for a Rethink of Investment Priorities to Accelerate Climate Action at WEF
GoodLeap’s proprietary technology platform supports more than 21,000 home efficiency sales professionals at the point-of-sale, creating an efficient option for financial institutions to deploy their capital in high-performing ESG assets.
Source: GoodLeap, LLC
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