Press Release
$493 Million of GoodLeap Solar and Sustainable Home Efficiency Loans Securitized
The 14th securitization of loans originated by GoodLeap is the largest to date
SAN FRANCISCO, Sep. 07, 2022 /PRNewswire/ -- GoodLeap, LLC, America's leading digital marketplace for sustainable home solutions, today announced the closing of GoodLeap Sustainable Home Solutions Trust 2022-3, the 14th securitization of loans originated by GoodLeap. Lime Residential, Ltd. (a Credit Suisse affiliate) sponsored the transaction and Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and Goldman Sachs & Co. LLC served as joint bookrunners. The transaction is backed by $493 million of solar and sustainable home efficiency loans originated on the GoodLeap platform that were made to approximately 12,000 homeowners. The securitization received ratings from S&P Global Ratings and Kroll Bond Rating Agency. The loans contributed to the securitization were originally purchased on GoodLeap's marketplace by investors including affiliates of Blackstone Credit, Credit Suisse, Davidson Kempner Capital Management LP, Goldman Sachs, GoodFinch, and Varadero Capital, L.P.
"Amid market headwinds, investor demand for GoodLeap's loans remains constant," said Tanguy Serra, GoodLeap's President, Chief Financial Officer, and Chief Investment Officer. "We are grateful for the continued support of our investors and capital markets providers, enabling GoodLeap to help contractors access more products and homeowners live more sustainably while saving money."
GoodLeap's proprietary technology platform supports more than 40,000 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. Since 2018, GoodLeap has transacted more than $18 billion in loans on its platform.
About GoodLeap
GoodLeap is a technology company delivering best-in-class financing and software products for sustainable solutions, from solar panels and batteries to energy-efficient HVAC, heat pumps, roofing, windows, and more. Over 1 million homeowners have benefited from our simple, fast, and frictionless technology that makes the adoption of these products more affordable, accessible, and easier to understand. Thousands of professionals deploying home efficiency and solar solutions rely on GoodLeap's proprietary, AI-powered applications and developer tools to drive more transparent customer communication, deeper business intelligence, and streamlined payment and operations. Our platform has led to more than $27 billion in financing for sustainable solutions since 2018.
GoodLeap is also proud to support our award-winning nonprofit, GivePower, which is building and deploying life-saving water and clean electricity systems, changing the lives of more than 1.6 million people across Africa, Asia, and South America.
Contact: press@goodleap.com