The provider of residential solar loans joins forces with Route 66 Ventures to grow its product portfolio, improve its operations center and expand its partner network.
In four years, the company has originated more than $1 billion in solar loans, reaching the goal it set when it was founded in 2012.
The California-based solar loan provider for homeowners has added another substantial capital warehouse to its growing financial clout, this time a $250 million facility from Deutsche Bank, as it aims to have $1 billion available for solar loans by summer 2017.
Both private equity and debt funding were down significantly in Q2 and public market financing remains weak, but distributed solar project funds continue to boom.
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