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KBRA Assigns Preliminary Ratings to DataBank Series 2021-1
February 18, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 18, 2021
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to DataBank Series 2021-1 Class A-1 Notes, Class A-2 Notes, Class B Notes and Class C Notes issued by DataBank Issuer, LLC and DataBank Co-Issuer, LLC, a data center securitization.
The Notes will be secured by fee simple ownership interests in six multi-customer enterprise data centers located in the Kansas City, Pittsburgh and Salt Lake City markets; leasehold interests in eight multi-customer enterprise data centers located in the Cleveland, Dallas, Kansas City, Minneapolis, Pittsburgh and Salt Lake City markets; and leasehold interests in one multi-customer enterprise data center that is subject to a 99-year air space lease located in Atlanta. The data centers are comprised of approximately 386,967 square
Loanpal Closes Securitization of $474 Million of Residential Solar Loans
The securitization, the largest residential solar securitization to date, brings the total amount of securitized loans generated on the Loanpal technology platform to $1.4 billion since the beginning of 2020
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SAN FRANCISCO, Jan. 7, 2021 /PRNewswire/
Loanpal, the nation s leader in point-of-sale sustainable home improvement financing, today announced that Loanpal Solar Loan 2021-1 Ltd. and Loanpal Solar Loan 2021-1 LLC ( LPSLT 2021-1 ) have closed a securitization of approximately $474 million worth of Loanpal solar loans previously purchased by Goldman Sachs Lending Partners LLC, Blackstone Credit, Davidson Kempner Capital Management LP, funds managed by CarVal Investors, Credigy and GoodFinch. This transaction confirms the increased demand in the marketplace for high-quality ESG assets and represents the fourth securitization since the beginning 2020 for loans generate