GoodLeap $ 417 Million Home Improvement Loans Securitized

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The trade with a weighted average yield of 2.37% is the lowest yield to date for loans securitized on the GoodLeap platform.

SAN FRANCISCO, July 2, 2021 / PRNewswire / – Goodleap, LLC (formerly known as Loanpal, LLC), the nation’s # 1 trading platform for sustainable home solutions, has announced the closure of the GoodLeap Sustainable Home Solutions Trust 2021-3, a securitization sponsored by Lime Residential, Ltd. (branch of Credit Suisse). Securitization is supported by approximately $ 417 million The main balance of solar home loans and sustainable home improvement was obtained from the GoodLeap platform. The weighted average securitization yield was 2.37%, which is the lowest yield to date for GoodLeap securitized loans. Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC acted as joint bookrunners for the deal.

GoodLeap logo (PRNewsfoto / GoodLeap)

GoodLeap logo (PRNewsfoto / GoodLeap)

Green home remodeling represents an estimated $ 430 billion a year market opportunity in United States… GoodLeap leverages its deep technology and data expertise to make these green home upgrades more affordable for homeowners looking to make a positive impact on the planet. GoodLeap’s proprietary technology platform is available to more than 13,000 POS salespeople, giving financial institutions an efficient option for placing their capital in high performing environmental, social and governance (ESG) assets. GoodLeap works with credit unions, insurance companies, banks and asset managers and has since provided more than $ 6.9 billion in solar and other lending through its platform to improve home efficiency. December 2017giving more than 200,000 families the opportunity to take action to reduce carbon emissions.

“This is GoodLeap’s first asset securitization to include both residential solar power and our new home improvement products, demonstrating the value of assets in the broader market for green home solutions. In addition, the new record low income achieved through this securitization is evidence of a continuing high demand for high performance assets that benefit our planet, ”said Tanguy Serra, President and Chief Investment Officer of GoodLeap.

This securitization, sponsored by Lime Residential, Ltd., includes a total of: $ 361 million bonds rated by Kroll Bond. Notes supported $ 417 million principal balance on loans with a weighted average interest rate of 3.12%. At the time of issuance, the weighted average FICO® credit score was 741. All securitization tranches were significantly oversubscribed.

“We are delighted to leverage our extensive renewable energy expertise to sponsor this securitization, supporting GoodLeap and its borrowers, and helping the company achieve a low cost of financing,” he said. Spencer Hansberger, Managing Director of Securitized Product Financing at Credit Suisse.

“This latest clean energy securitization provides greater investor access to the sustainable investment market and we look forward to the continued success of this asset class as it matures,” said Katrina Niehaus, Head of Corporate Structured Finance, Investment Banking at Goldman Sachs

About GoodLeap
GoodLeap is the nation’s number one trading platform for sustainable home solutions, delivering the simplicity, speed and ease of use of digital technology. GoodLeap’s proprietary technology platform is actively used by over 13,000 sales professionals and has invested over $ 6.5 billion in green home improvement products since 2018, empowering countless consumers to lead greener lifestyles. GoodLeap is a proud partner GivePower, 501 (c) (3) corporation, whose mission is to build and deploy solar-powered clean water and energy systems for communities in need around the world. To learn more about GoodLeap, visit, subscribe to us and contact us at goodleap.com

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