Mosaic Inc.

Mosaic Appoints Additional Financial Leaders to Support Clean Energy Financing Growth

Retrieved on: 
Tuesday, July 27, 2021
Construction, Articles, Sustainable development, Crowdfunding, Mosaic Inc., Green building

"We are supplementing our robust finance leadership with these moves, thus continuing to build our capabilities to support the company's continued strong growth," said Ballenger.

Key Points: 
  • "We are supplementing our robust finance leadership with these moves, thus continuing to build our capabilities to support the company's continued strong growth," said Ballenger.
  • A pioneer in solar and clean energy, Mosaic has helped more than 160,000 homeowners switch to sustainable home solutions.
  • Financing applied for and processed through the Mosaic platform is originated by Solar Mosaic, Inc. or one of its lending/financing partners.
  • For our network of hundreds of solar installers and home improvement contractors, Mosaic provides a streamlined financing platform to drive sales growth.

Mosaic Surpasses $5 Billion in Loan Funding for Residential Solar and Home Improvement Financing

Retrieved on: 
Thursday, July 15, 2021
Crowdfunding, Mosaic Inc., Solar energy in California, California, Draft:Sunlight Financial, Sustainable energy, Solar energy, Energy, States of the United States

At the same time, the company also closed its 10th solar securitization which is more than any other solar loan issuer in this space.

Key Points: 
  • At the same time, the company also closed its 10th solar securitization which is more than any other solar loan issuer in this space.
  • Mosaic makes financing solar, solar plus energy storage systems and other home improvements accessible and affordable for homeowners by providing the simplest borrower experience in the industry.
  • Financing applied for and processed through the Mosaic platform is originated by Solar Mosaic, Inc. or one of its lending/financing partners.
  • For our network of hundreds of solar installers and home improvement contractors, Mosaic provides a streamlined financing platform to drive sales growth.

KBRA Assigns Preliminary Ratings to Mosaic Solar Loan Trust 2021-2

Retrieved on: 
Thursday, June 10, 2021
Residential Building & Real Estate, Banking, Construction & Property, Professional services, Building Systems, Utilities, Alternative energy, Environment, Insurance, Energy, Finance, Finance, Money, Financial markets, Structured finance, Fixed-income securities, United States housing bubble, Crowdfunding, Mosaic Inc., Securitization, Asset-backed security, Credit rating agency

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-2 (Mosaic 2021-2), an asset-backed securitization collateralized by a pool of residential solar loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-2 (Mosaic 2021-2), an asset-backed securitization collateralized by a pool of residential solar loans.
  • The collateral pool of Mosaic 2021-2 will include approximately $218.2 million of residential solar loans, which comprises of approximately $120.0 million in loans at closing and $98.2 million in additional prefunded solar loans.
  • The preliminary ratings reflect the initial credit enhancement levels ranging from 51.97% for the Class A notes to 12.14% for the Class D notes.
  • Solar Mosaic, Inc. (Mosaic or the Company) is a California-based specialty finance company focused on originating and servicing consumer loans used for the purchase of residential solar systems.

APsystems Joins Loanpal Approved Vendor List

Retrieved on: 
Tuesday, May 18, 2021
Technology, Construction & Property, Finance, Other Technology, Professional services, Alternative energy, Energy, Hardware, Residential Building & Real Estate, Solar energy in California, Loanpal, Inverters, Solar micro-inverter, California, Mosaic Inc., States of the United States

b'APsystems has joined the approved vendor list (AVL) for Loanpal, the nation\xe2\x80\x99s leading technology platform for residential solar financing.\nThe partnership brings APsystems\xe2\x80\x99 advanced microinverter technology to Loanpal\xe2\x80\x99s fast, frictionless financing experience, delivering further value to residential solar customers throughout the U.S.\n\xe2\x80\x9cThe tremendous value and convenience Loanpal delivers to homeowners makes them the perfect partner,\xe2\x80\x9d said Ryan Davies, U.S. Head of Sales & Operations for APsystems.

Key Points: 
  • b'APsystems has joined the approved vendor list (AVL) for Loanpal, the nation\xe2\x80\x99s leading technology platform for residential solar financing.\nThe partnership brings APsystems\xe2\x80\x99 advanced microinverter technology to Loanpal\xe2\x80\x99s fast, frictionless financing experience, delivering further value to residential solar customers throughout the U.S.\n\xe2\x80\x9cThe tremendous value and convenience Loanpal delivers to homeowners makes them the perfect partner,\xe2\x80\x9d said Ryan Davies, U.S. Head of Sales & Operations for APsystems.
  • \xe2\x80\x9cWe\xe2\x80\x99re proud to bring our solar technology to the Loanpal platform to help empower more homeowners to build their renewable energy future.\xe2\x80\x9d\nAPsystems is currently an approved vendor with several solar financing firms including Mosaic, Sungage Financial, Dividend and Ygrene.
  • APsystems microinverters are intelligent, innovative, and the best-selling multi-module microinverters in the world.\nFounded in Silicon Valley in 2010, APsystems encompasses 4 global business units serving customers in more than 120 countries.
  • With millions of units sold producing more than 1 TWh of clean, renewable energy, APsystems continues to be a leader in the ever-growing solar MLPE segment.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210518005161/en/\n'

Mosaic and Congressional Bank Announce Financing Partnership

Retrieved on: 
Wednesday, April 14, 2021
Crowdfunding, Mosaic Inc.

b'OAKLAND, Calif., April 14, 2021 /PRNewswire/ -- Mosaic , the leading financing platform for U.S. residential solar and energy-efficient home improvement projects, today announced a new $1.5 billion, multi-year loan purchase program with Congressional Bank .

Key Points: 
  • b'OAKLAND, Calif., April 14, 2021 /PRNewswire/ -- Mosaic , the leading financing platform for U.S. residential solar and energy-efficient home improvement projects, today announced a new $1.5 billion, multi-year loan purchase program with Congressional Bank .
  • "Congressional Bank shares Mosaic\'s commitment to combating climate change and supports our mission to empower millions of people to prosper from clean energy.
  • "\n"We have great confidence in Billy and his team," said John Delaney, executive chairman of the board, Congressional Bank.
  • Financing applied for and processed through the Mosaic platform is originated by Solar Mosaic, Inc. or one of its lending/financing partners .

Mosaic Completes $331 Million Solar Loan Securitization

Retrieved on: 
Thursday, April 1, 2021
Crowdfunding, Mosaic Inc., Finance, Money, Securitization, California, Solar energy in California, Loanpal

OAKLAND, Calif., April 1, 2021 /PRNewswire/ -- Mosaic , the leading financing platform for U.S. residential solar and energy-efficient home improvement projects, announced today it closed a $331 million securitization of residential solar loans.

Key Points: 
  • OAKLAND, Calif., April 1, 2021 /PRNewswire/ -- Mosaic , the leading financing platform for U.S. residential solar and energy-efficient home improvement projects, announced today it closed a $331 million securitization of residential solar loans.
  • The Mosaic Solar Loans 2021-1 transaction ("Mosaic 2021-1"), is Mosaic's ninth loan securitization to date, which is more than any other solar loan issuer in the space.
  • Mosaic makes financing solar, solar plus energy storage systems and other home improvements accessible and affordable for homeowners by providing the simplest borrower experience in the industry.
  • Financing applied for and processed through the Mosaic platform is originated by Solar Mosaic, Inc. or one of its lending/financing partners .

New Gardner Capital Alternative Investment Fund Provides Grants and Loans up to $500,000 to Support Renewable Energy Adoption in Multifamily Housing

Retrieved on: 
Wednesday, March 17, 2021
Articles, Energy policy, Environmental social science, Renewable energy commercialization, Renewable energy, Orix USA, Mosaic Inc.

With its new Alternative Investments Fund, Gardner Capital aims to change that.

Key Points: 
  • With its new Alternative Investments Fund, Gardner Capital aims to change that.
  • A family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, Gardner Capital is expanding access to clean energy with grants and soft loans up to $500,000 for both individuals and businesses submitting innovative proposals.
  • Since 1992, Gardner Capital has placed more than $3 billion of equity in affordable housing and related investments.
  • In recent years, Gardner Capital added a rapidly growing national platform for solar development and investment and expanded its commitment to renewable energy and sustainability across its investment platform and operating companies.

KBRA Assigns Preliminary Ratings to Mosaic Solar Loan Trust 2021-1

Retrieved on: 
Thursday, March 4, 2021
Professional services, Insurance, Finance, Finance, Money, Financial markets, Structured finance, Fixed-income securities, United States housing bubble, Crowdfunding, Mosaic Inc., Securitization, Asset-backed security, Credit rating agency, Credit enhancement

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-1 (Mosaic 2021-1), an asset-backed securitization collateralized by a pool of residential solar loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-1 (Mosaic 2021-1), an asset-backed securitization collateralized by a pool of residential solar loans.
  • The collateral pool of Mosaic 2021-1 will include approximately $350.0 million of residential solar loans, which composes of $225.0 million in loans at closing and $125.0 million in additional prefunded solar loans.
  • The preliminary ratings reflect the initial credit enhancement levels ranging from 44.58% for the Class A notes to 6.58% for the Class D notes.
  • Solar Mosaic, Inc. (Mosaic or the Company) is a California-based specialty finance company focused on originating and servicing consumer loans used for the purchase of residential solar systems.

Mosaic Announces Long-Term Partnership with Freedom Forever

Retrieved on: 
Thursday, February 18, 2021
Web browsers, Crowdfunding, Mosaic Inc., Mosaic, Mosaic

"This partnership will accelerate Freedom Forever's already impressive growth by powering their robust sales organization with Mosaic's industry-leading financing platform.

Key Points: 
  • "This partnership will accelerate Freedom Forever's already impressive growth by powering their robust sales organization with Mosaic's industry-leading financing platform.
  • Empowering providers such as Freedom Forever to offer the best financing broadens the residential reach of clean energy.
  • Mosaic, like Freedom Forever, is agile and responsive to the needs of their customers.
  • Financing applied for and processed through the Mosaic platform is originated by Solar Mosaic, Inc. or one of its lending/financing partners.

Mosaic Surpasses $4 Billion in Loan Funding for Residential Solar and Home Improvement Financing

Retrieved on: 
Thursday, February 4, 2021
Crowdfunding, Mosaic Inc., Solar energy in California, Renewable energy, Renewable energy policy, Photovoltaics

The company has now added new features to its PowerSwitch ZERO solar financing offering no payments for 18 months and a 25-year loan term.

Key Points: 
  • The company has now added new features to its PowerSwitch ZERO solar financing offering no payments for 18 months and a 25-year loan term.
  • "Mosaic was the first to create 20-year and 25-year solar loans, the first to create battery-only and solar roofing loan products.
  • We were the first to offer a no-payment solar loan option, and this is the next generation of our ongoing innovation.
  • For our network of hundreds of solar installers and home improvement contractors, Mosaic provides a streamlined financing platform to drive sales growth.