Under the terms of the facility, PartnerRe will finance the purchase of loans originated by Mosaic, a peer-to-peer solar finance provider based in Oakland, California.
"Mosaic has successfully created innovative loan products and technology-driven origination processes," says David Moran, president of PartnerRe Principal Finance.
"PartnerRe is impressed with the quality of consumer loans in Mosaic's portfolio. We look forward to beginning our financing arrangement and facilitating greater access to capital for the solar market consistent with our investment objectives," Moran adds.
Bruce
