Mosaic: PartnerRe to back home solar loan program up to $100 million

By Lisa Kerner

Charlotte, N.C., Oct. 20 – Mosaic Inc. announced that it will receive up to $100 million of financing for its home solar loan program from an affiliate of global reinsurer PartnerRe Ltd.

PartnerRe will finance the purchase of loans originated by Mosaic, according to a news release.

“Mosaic's superior loan terms, user-friendly borrowing experience, and recent expansion into several new states throughout the U.S. have resulted in accelerating demand for capital sourcing for our homeowner loans beyond traditional crowdfunding,” said Mosaic chief operating officer Bruce Ledesma.

Mosaic is an Oakland, Calif.-based peer-to-peer solar finance company that enables thousands of Americans to profit from clean energy.

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