Mosaic operates an online platform that offers 10- to 25-year, fixed-interest loans ranging from 2.49% to 8.48% for residential solar installations. By matching homeowner demand with institutional capital, the company positions itself as a market-leading financier in the U.S. residential solar sector. Its newest $250 million warehouse line from Deutsche Bank boosts Mosaic’s total loan funding capacity to $550 million after recent upsizes. Earlier in the year, the company secured a $220 million facility from Warburg Pincus in August and a $200 million warehouse facility from DZ Bank in April. Mosaic has publicly set a goal of making $1 billion available for solar loans by the summer of 2017, and the latest funding moves it significantly closer to that target. The growing credit capacity underscores strong lender confidence in Mosaic’s underwriting and portfolio performance. With additional capital, the company can serve a larger share of the rapidly expanding homeowner demand for solar energy savings.

Total raised

$470M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Nov 2016