PACE ABS pipeline grows with deal from Ygrene

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By Jennifer Kang
21 Jul 2020

Property Assessed Clean Energy (PACE) provider Ygrene is preparing a 144A securitization, the first deal this year to include a mix of commercial and residential PACE liens. Though originations have slowed, sources say Covid-19 has boosted demand for residential energy efficiency as people spend more time at home.

California-based Ygrene is returning to the ABS market with a $318m deal. GoodGreen Trust 2020-1 is secured by a pool of 7,833 PACE assessments, with approximately 96% of the assessments levied against 7,548 residential properties.

PACE programs are government-sponsored initiatives to help finance green or energy efficient ...

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