Sunlight Financial Holdings Inc., a prominent point-of-sale finance company has announced a transaction with Cross River Bank. The two entities successfully sold a portfolio of around $300 million in solar loan assets, showcasing robust market confidence in Sunlight’s sourced solar loans. This portfolio was acquired by a prominent international investment entity known for its forward-thinking approach and significant financial influence.
Along with the recent capital injection, this action reflects Sunlight’s robust resurgence and financial strength, paving the way for renewed growth. Positioned for the future, Sunlight possesses a robust pipeline of inventive financing solutions and initiatives, underscoring its dedication to installation partners and meeting the market’s asset demand.
“The quality and performance of Sunlight’s solar loan assets are a testament to the company’s diligence and innovative approach,” said Noah Cooper, Chief Investment Officer of Cross River. “This transaction affirms investor trust and ongoing value in the residential solar sector.”
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