Credit Suisse securitizes $ 358.9 million in GoodLeap loans for sustainable home improvement

Sustainable home improvements represent an estimated $ 430 billion annual market opportunity in the United States. GoodLeap leverages its deep expertise in technology and data to make these sustainable home upgrades more accessible to homeowners looking to make a positive impact on the planet. GoodLeap’s proprietary technology platform is accessible to over 18,000 point-of-sale sales professionals, creating an efficient option for financial institutions to deploy their capital in high performing environmental, social and governance (ESG) assets . GoodLeap has deployed more than $ 9 billion in solar and other home efficiency loans through its platform since 2018.

There were eleven securitizations of loans originated on the GoodLeap platform, totaling $ 3.8 billion, with more than half of the volume securitized in 2021 alone.

“We are delighted to sponsor another successful securitization of GoodLeap. This transaction will help the company achieve a low cost of financing and continue our experience in developing institutional capital markets for renewable energy and efficiency assets, in line with Credit Suisse’s commitment to supporting sustainability, ”said said Spencer Hunsberger, Managing Director of Securitized Products Finance at Credit Suisse.

This securitization, sponsored by Lime Residential, Ltd., consists of a total of $ 302.4 million ratings rated by Fitch Ratings, S&P Global Ratings and Kroll Bond Rating Agency. Notes are supported by $ 358.9 million of the loan capital balance with a weighted average rate of 2.43%. At the time of origination, the weighted average FICO® score of the loans was 740. All the tranches of the transaction were repeatedly oversubscribed.

About GoodLeap
GoodLeap is America’s premier marketplace for sustainable solutions, delivering a digital first experience that’s simple, fast, and frictionless. GoodLeap’s proprietary technology platform is actively used by over 18,000 sales professionals, creating an efficient option for financial institutions to deploy their capital in high performing ESG assets. GoodLeap has deployed more than $ 9 billion in capital for sustainable home improvement products since 2018, enabling countless consumers to live more sustainable lifestyles. GoodLeap is a proud partner of Empower, a 501 (c) (3) company, whose mission is to build and deploy clean water and solar energy systems for needy communities around the world. To learn more about GoodLeap, visit, follow and connect with us at goodleap.com

Contact:
[email protected]

SOURCE GoodLeap


Source link