BY George McGregor, — 03/30/2021
The Published Reporter released an article discussing how The Solar Energy Loan Fund (SELF) closed its largest investment to date with BankUnited, a Florida-based bank. The $5 million revolving lines of credit funded roughly 500 low-cost personal loans for sustainable home repairs at low-to-moderate income residences and was culmination of a 6-year relationship that began with grant support and a small $150,000 loan in 2014.
The article can be found here.
Here is an excerpt that features SELF:
“It’s a win-win for all including us,” said Jason Costello, BankUnited’s Senior Vice President, and Commercial Team Lead, who championed this expanded credit facility to SELF. “BankUnited was attracted to SELF’s proven ability to underscore the triple bottom line: economic development, improved living conditions, and environmental benefits.”
As a non-profit lender, SELF finances sustainable home improvements such as impact windows, roof replacement, high-efficiency air conditioners, septic-to-sewer conversions and rooftop solar panels that lower electric bills and make homes safer, healthier, and more resilient.
The article can be found here.