Sunlight Financial Holdings Inc. (“Sunlight”), a pioneer in point-of-sale finance for clean energy projects, has successfully concluded a significant transaction in collaboration with Cross River Bank (“Cross River”). The joint effort resulted in the sale of a robust $300 million solar loan asset pool. This move not only highlights market confidence in Sunlight’s solar loans but also showcases the company’s commitment to advancing the clean energy transition through innovative financial solutions.
Market Confidence in Sunlight’s Solar Loans
The solar loan assets were acquired by a prominent international investment entity known for its forward-thinking approach and substantial financial presence. Noah Cooper, Chief Investment Officer of Cross River, emphasized, “The quality and performance of Sunlight’s solar loan assets are a testament to the company’s diligence and innovative approach.” This transaction underscores investor trust and ongoing value in the residential solar sector.
Financial Resilience and Renewed Expansion
In conjunction with a recent capital infusion, this successful sale marks a powerful comeback for Sunlight, affirming its financial resilience. The company is now well-positioned for renewed expansion, armed with a robust pipeline of innovative financing solutions and initiatives. Sunlight is dedicated to meeting the market demand for its assets while supporting its installation partners.
Sunlight Financial: Advancing Clean Energy Through Technology
Sunlight Financial is a technology-enabled point-of-sale finance company that collaborates with contractors nationwide. The company facilitates financing for residential solar systems and other home improvements, simplifying the consumer finance process for contractors and homeowners.
Cross River Bank: Pioneering the Future of Financial Services
Cross River Bank plays a pivotal role in the financial services landscape, providing technology infrastructure for the future. Leveraging its proprietary real-time banking core, Cross River delivers innovative embedded payments, cards, and lending solutions. Backed by leading investors, Cross River is reshaping global finance and financial inclusion.
This successful collaboration reinforces Sunlight Financial’s position as a leader in clean energy finance, showcasing its dedication to advancing the clean energy transition through strategic partnerships and innovative solutions.
Source：businesswire.com
