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Dividend Finance Bolsters Solar Lending Platform With $100MM From Credit Suisse

July 26, 2017, 07:26 AM
Filed Under: Lender Finance

Dividend Finance, LLC has partnered with Credit Suisse AG on a $100 million financing facility that will support the continued growth of Dividend’s residential solar lending business.

"We are pleased to be working with Credit Suisse to further strengthen the capital base underlying our solar lending platform,” said Eric White, CEO of Dividend Finance. “Credit Suisse’s deep experience in the solar loan space, its understanding of asset-backed finance markets and its broad capabilities to support the Dividend enterprise make it an ideal partner.”

This announcement of the Dividend–Credit Suisse financing facility represents the latest development in the continued maturation of the residential solar loan asset class and growing interest in the asset class from the institutional investment community and bank lenders.

Dividend currently operates in 25 states through its network of quality-driven solar installation partners.

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