Funding and M&A Roundup: Loanpal Securitizes $474 Million Residential Solar Loans
Belectric's U.S. solar O&M business acquired by CAMS
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Loanpal, a solar loan origination platform that finances solar systems and batteries, announced that Loanpal Solar Loan 2021-1 and Loanpal Solar Loan 2021-1 (LPSLT 2021-1) had closed a securitization of approximately $474 million worth of solar loans previously purchased by Goldman Sachs Lending Partners, Blackstone Credit, Davidson Kempner Capital Management, funds managed by CarVal Investors, Credigy and GoodFinch. The notes are modeled to a weighted average life of approximately 5.44 years, 6.48 years, and 6.95 years for the Class A Notes, Class B Notes, and Class C Notes, respectively, and are backed by an initial collateral pool of approximately $474 million of loans with an average FICO score of 742.
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Utsav Sinha
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