Mosaic solar finance firm reaches $7 billion in loans funded – pv journal USA

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The milestone occurred simply months after Mosaic achieved $6 billion in loans funded and decreased pricing throughout its complete suite of solar mortgage merchandise.

April 25, 2022

Mosaic stated that it has surpassed $7 billion in loans funded by way of the corporate’s platform. The milestone is important in itself, but in addition serves for instance the corporate’s speedy acceleration, because it handed the $6 billion mark in December 2021 and the $5 billion mark in March 2021.

The $2 billion greenback progress timeline works out to be nearly precisely 12 months in complete, with Mosaic sharing that the $7 billion milestone was handed in mid-March, ending off a month that noticed the corporate obtain its highest month-to-month mortgage quantity to this point. Mosaic additionally just lately accomplished a $382.7 million securitization. Since 2017, the corporate issued 12 solar mortgage securitizations, totaling greater than $3.2 billion of provided securities. The firm additionally prides itself on the low value of funds on bonds.

“There’s a growing importance of clean renewable energy as an economic engine, a climate imperative, and a matter of national security,” stated Billy Parish, founder and CEO of Mosaic. “The urgency to deliver affordable financing options for our partners and homeowners is growing, and Mosaic is uniquely positioned to help lead this charge.”

Mosaic affords financing for solar, solar-plus-storage techniques, and different sustainable home enhancements, typically offering owners with a credit score determination in minutes for no cash down loans with fastened rates of interest and a number of time period choices. In February, Mosaic introduced it had decreased pricing throughout its complete suite of solar mortgage merchandise.

Just a yr in the past Mosaic introduced new financing partnerships that had been anticipated to offer loans to greater than 100,000 owners.

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