The next “green” securitization is likely to be from the Warehouse for Energy Efficiency Loans (WHEEL) program.  The public private partnership is offering its mostly 10-year unsecured loans via New York Green Bank and will expand to three new states by the start of 2015.

The loans are initially being purchased by Renewable Funding, which has a $100 million warehouse line of credit with Citibank. Francisco DeVries, Renewable Funding’s CEO, says the firm could be ready to securitize the loans as early as December.

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