E3 Accesses $150M Credit Facility From Natixis
E3, a provider of financing to homeowners who want to participate in the PACE program, will use the capital to expand nationally.
Energy Efficient Equity (“E3”), a growing specialty lender providing secured financing in the Property Assessed Clean Energy program, has secured a $150 million asset-backed credit facility from Natixis. The latter is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the second-largest banking group in France.
Los Angeles-based E3 provides cost-efficient financing to homeowners who want to improve their homes through clean energy and other environmentally or socially responsible home improvements.
“With this new credit facility, we will work to expand our franchise nationally and further build out our industry-leading origination platform that is committed to best-in-class consumer protection and credit underwriting,” said Brad Knyal, CEO of E3, in a prepared statement. “In addition, we have added an incredible new partner in Natixis and its industry-leading PACE ABS banking team.”
