Hannon Armstrong readies $440m solar lease ABS

By Max Adams
05 Nov 2018

Real estate investment trust Hannon Armstrong has announced SunStrong 2018-1, an ABS transaction backed by a pool of residential rooftop solar leases the company acquired from a solar developer.

The Annapolis, Maryland-based REIT acquired the 37,568 leases that back the deal from SunPower, a developer of residential and commercial solar projects. According to Kroll Bond Ratings, 83.3% of the customers backing the deal have FICO scores above 753. The rating agency has assigned an A rating to ...

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