California green-energy lender Solar Mosaic is planning a debut $138.95 million securitization of loans financing residential solar-panel system installations.

Mosaic Solar Loans 2017-1 is backed by a pool of 6,487 residential solar loans with a principal balance of $177.9 million. Mosaic, which began issuing loans less than two years ago, is issuing a single class of bonds that have a preliminary ‘A’ rating from Kroll Bond Rating Agency.

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