Home Improvement Stocks for The Do-It-Yourselfers

Home Improvement Stocks for The Do-It-Yourselfers

by Home Improvement

They say that home improvement is a job that’s never truly done. This is especially true now that remote work has quickly become the norm, with this in mind, home improvement stocks are set to soar. People are spending more time at home than ever before. More time around the house means more time spent hanging those shutters, fixing the disposal, or repainting the bathroom. Most of us are constantly spending money on home improvement.

2021 has also been a great year for buying homes. By the time the year ends, Statista expects that 7.1 million homes will be sold. This is one of the highest years ever. Buying a home is also not a one-off purchase. It’s a little bit like buying a dog. Once you welcome the dog to your family, you’ll need to feed it every single day. On the same note, once you have moved into your home, you’ll constantly be spending money on general home maintenance.

With all this money pouring into home improvement, many investors are considering adding a few home improvement stocks to their portfolios.

With that said, let’s take a look at a few of the best home improvement stocks to buy.

NOTE: I’m not a financial advisor and am just offering my own research and commentary. Please do your own due diligence before making any investment decisions.

Home Improvement Stocks for The Do-It-Yourselfers

Home Improvement Stocks to Buy

Home Depot (NYSE: HD)

The Home Depot is the nation’s largest home improvement retailer. It stocks just about any product that a needy homeowner could want. This means everything from tools, to construction products, to professional services. If you are looking for one of the top home improvement stocks then Home Depot is a great choice.

In FY 2021, Home Depot posted all-time-highs for annual revenue and income. It posted annual revenue of $132.11 billion. This was a 19.85{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year-over-year increase from $110.23 billion. It also posted a net income of $12.87 billion. This was a 14.45{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year-over-year (YOY) increase from $11.24 billion. On top of that, Home Depot announced a dividend of $1.65 per share.

What makes Home Depot so successful is its focus on improving the customer experience. In Q3 of this year, it experimented with the floor plans in its highest traffic stores. Management wanted to boost the store space productivity while also improving the customer experience. It ended up letting 400 stores experiment with different strategies. The results were well beyond management’s expectations. In general, sales per square foot improved and customers reported a better shopping experience.

Home Depot could also be a big beneficiary of President Biden’s Infrastructure Bill.

Biden Infrastructure Bill

President Biden recently passed his $1 trillion infrastructure bill. This money will go towards upgrading outdated roads, bridges, transit systems and more. Most of the money will initially go to major construction companies. However, Home Depot could potentially experience trickle-down effects. This is mainly because Home Depot is quickly becoming a store for professionals.

In Q3 of 2021, Hope Depot experienced rapid growth from its Pro customers. Compared to Q3 2020, large ticket purchases ($1,000+) increased by 18{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. In the coming years, contractors will have lots of money to spend thanks to the infrastructure bill. It’s likely that plenty of this money will end up being spent at Home Depot.

Home Depot’s stock is up 56{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} so far in 2021. It’s also up 213{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} over the past 5 years, making it a great stock to add to your list of home improvement stocks to buy.

Lowe’s Companies (NYSE: LOW)

Lowe’s and Home Depot are the Target and Walmart of home improvement stocks. If you don’t shop at one then you probably shop at the other. The same is true when it comes to buying their stock. Many of the reasons to buy Home Depot stock also apply for buying Lowe’s.

In FY 2021, Lowe’s posted annual revenue of $89.6 billion. This was a 24.18{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} increase year over year from $72.15 billion. Lowe’s also posted a net income of $5.84 billion. This was a 36.3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} increase YOY from $4.28 billion.

Right now, Lowe’s is using what it calls a “Total Home Solution.” Basically, it wants to provide a complete solution for every need in the home. Just like Home Depot, it focuses on consumers as well as professionals.

Lowe’s stock is up 57{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} so far in 2021. It’s also up 250{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} over the past 5 years.

Trex Company (NYSE: TREX)

Traditional wooden decks are incredibly expensive. You also usually need to get the wood treated every couple of years. On top of that, they are also in constant danger of splintering or cracking. Trex Company provides an alternative.

Trex is the world’s largest manufacturer of wood-alternative decking and railing. It uses 95{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} recycled materials to build its products. Each year, it redirects 400 million pounds of plastic from trash dumps in order to create plastic wood. Trex is one of the largest plastic recyclers in the United States.

When doing a side-by-side comparison of Trex and wood, it’s hard to not pick Trex. Trex’s decks generally do not require annual maintenance. They are sturdier and generally do not splinter. When you factor in the lifetime cost of staining and resealing a wooden deck, Trex is usually the cheaper option.

Consumers are starting to catch on. In 2020, Trex post $880.83 million in annual income. This was an 18.18{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year-over-year increase from $745.35 million. It also posted a net income of $175.63 million. This was a 21.34{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} YOY increase from $144.74 million. Over the past 5 years, Trex’s profit has grown by about 30{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} annually, making it a great add to your list of home improvement stocks to invest in.

Trex stock is up 60{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} so far in 2021. It’s also up 644{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} over the past 5 years.

Home Improvement Stocks: Pool Corporation (Nasdaq: POOL)

Last but not least on this list of home improvement stocks to buy is Pool Corporation.

Pool Corporation is the nation’s largest manufacturer of two-car garages in the United States. Just kidding. As the name implies, it is the world’s leading distributor of swimming pool supplies and related products. In particular, it helps distribute over 200,000 products from vendors to wholesale customers. According to its website, Pool Corp. works with 2,200 vendors and about 120,000 wholesale customers. It offers products for pool maintenance, construction, and renovation. It also has solutions for irrigation and landscaping.

In 2020, Pool corporation posted an annual revenue of $3.94 billion. This was a 23{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year-over-year increase from $3.2 billion. It also posted a net income of $366.74 million. This was a 40.2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} YOY increase from $261.58. Over the past 5 years, Pool Corporation’s profits have been increasing by 23.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} annually.

One thing to consider is that most homeowners don’t put in a pool right away. This decision usually comes a few years after they buy the house. In 2021, there was definitely a surge of home-buying. Due to this, it’s easy to assume that 2022 and beyond might experience a surge in pool buying.

Pool Corporation’s stock is up about 60{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} so far in 2021. It’s also up about 460{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} over the past 5 years.

For more investment opportunities, sign up for the FREE Trade of the Day e-letter below. Trading experts Bryan Bottarelli and Karim Rahemtulla provide tips and tricks on how to navigate the stock market… and more! Join today.

I hope that you’ve found this article valuable when it comes to learning a few of the best home improvement stocks to buy. As usual, all investment decisions should be based on your own due diligence and risk tolerance.

About Teddy Stavetski

A University of Miami grad, Teddy studied marketing and finance while also playing four years on the football team. He’s always had a passion for business and used his experience from a few personal projects to become one of the top-rated business writers on Fiverr.com. When he’s not hammering words onto paper, you can find him hammering notes on the piano or traveling to some place random.

Is Your Home Improvement Contract Legal? – Real Estate and Construction

Is Your Home Improvement Contract Legal? – Real Estate and Construction

by Home Improvement

In an effort to protect homeowners, California has set out
extensive requirements for the form and content of home improvement
contracts. California Business and Professions Code Section 7159 sets out these requirements in
painstaking, and sometimes pain-inducing, levels of detail. The
unfortunate result for contractors tends to be confusion and
avoidance.

Many contractors operate with noncompliant contracts, or have no
formal contract and simply operate on the basis of a bid
submission. The consequences of doing so can include disciplinary
action by the Contractors State License Board (CSLB), fines,
and an unenforceable agreement. It is worth the time and effort for
a contractor to bring his or her contracts into compliance. To that
end, the following is an attempt to cover many of the requirements
of Section 7159, although this list is by no means exhaustive.

When is a Contract Necessary?

In general, a home improvement contract is needed for repairs or
alterations to residential property. According to California
Business and Professions Code Section 7151, this includes “the
construction, erection, replacement, or improvement of driveways,
swimming pools, including spas and hot tubs, terraces, patios,
awnings, storm windows, landscaping, fences, porches, garages,
fallout shelters, basements, and other improvements of the
structures or land which is adjacent to a dwelling house.” A
very broad range of construction activity is thus covered. Section
7159 does not apply to new construction or projects under $500,
however.

Basic Contract Requirements

As to basic format, any writing in the contract must be legible.
Type must be no less than 10-point anywhere, with 12-point type
being required in certain places. The contract must say “Home
Improvement” in 10-point type. The first page of the contract
must indicate the date the buyer signed the contract. The first
page must also indicate the name and address of the contractor,
following a statement indicating that this is the address to which
a notice of cancellation should be sent.

The contractor must give a copy of the agreement, signed and
dated by both parties, to the homeowner before work begins.
Accordingly, the contract must contain the following statement in
12-point type: “You are entitled to a completely filled in
copy of this agreement, signed by both you and the contractor
before work is started.” Similarly, change orders can only be
incorporated into the contract if in writing and signed prior to
work beginning. The contract must include the overall price,
finance charges if any, and a description of the project and
materials to be used, with separate headings for all three. As with
all construction contracts, the contractor must include their
license number.

A heading must be included for the approximate date of
commencement, followed by the approximate date of commencement,
with a statement explaining what constitutes substantial
commencement. A separate heading for completion is required,
followed by an approximate date of completion.

What Must Be Said About Payments

If a down payment will be charged, there must be a down payment
heading followed by space to indicate the amount of the down
payment. This must be followed in 12-point, boldface type with:
“THE DOWN PAYMENT MAY NOT EXCEED $1,000 OR 10 PERCENT OF THE
CONTRACT PRICE, WHICHEVER IS LESS.”

If progress payments are to be charged, there must be a heading
for them, and a list of payments to be made in dollars and cents
with reference to corresponding work and materials. The section
must contain the following notice: “The schedule of progress
payments must specifically describe each phase of work, including
the type and amount of work or services scheduled to be supplied in
each phase, along with the amount of each proposed progress
payment. IT IS AGAINST THE LAW FOR A CONTRACTOR TO COLLECT PAYMENT
FOR WORK NOT YET COMPLETED, OR FOR MATERIALS NOT YET DELIVERED.
HOWEVER, A CONTRACTOR MAY REQUIRE A DOWNPAYMENT.” The contract
must also explain that a lien release must be made for progress
payments before any additional payments can be required.

Other Notice Requirements

Section 7159 also spells out various notice requirements.
Contractors must indicate whether they carry liability insurance
and workers’ compensation insurance. A CSLB notice including
contact information and available services is also required. The
HIC must also make clear the homeowner’s right to cancel within
a certain number of days. For contracts negotiated at the home,
there is a 3 day right to cancel, or (new in 2021) a five day right
to cancel for senior citizens. For property destroyed in a sudden
or catastrophic emergency for which a state of emergency is
declared, the window to cancel is 7 days. The possibility of a
mechanics lien being placed on the property must also be spelled
out, and with specific language provided in Section 7159.

Originally published February 3, 2021

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

You Could Save Over ,500 This Winter With This Home Improvement

You Could Save Over $3,500 This Winter With This Home Improvement

by Home Improvement

For many people, winter evokes images of evenings spent in front of a toasty fireplace with a hot beverage, an afghan, a good book, and a pet. It’s a time of holiday gatherings with family and friends amid decorations, movies, music, and tons of amazing food. You might even build a snowman, make an ice tree, or go skiing or sledding.

If you’re a homeowner or real estate investor, you can of course enjoy all those things too. But you might want to think about getting a little work done first. That’s because winterizing your home could save you thousands of dollars.

Snowy decorated home exterior at night.

Image source: Getty Images

Let’s look at what exactly you might need to do, how much it’s all likely to cost, and how much money you stand to save.

Getting your home winter ready

There’s no scene quite like a beautiful snow-covered landscape. Seeing the yard you’ve been looking at all year transformed into a winter wonderland overnight can be spectacular. But severe winter weather can bring more than beauty to your property. Icy temps, powerful gusts, and heavy snow can all threaten your home.

Fortunately, careful preparation can help ensure your home stays safe this winter and that your utility costs don’t get too outrageous. It can also reduce your odds of losing a blizzard of cash to a painful repair bill.

Home services company Angi surveyed over 2,000 homeowners to find out how they handle winterization. Results revealed that the average homeowner spends $1,316 per year to get their home winter ready. That result lumps together those who hire out each task with DIYers, so you could spend considerably less if you’re willing and able to tackle some of these chores yourself. 

Here are some tasks homeowners can undertake before Old Man Winter comes to town.

Cover it up

According to Angi, insulating your pipes with plastic foam pipe wrap is one step that can save big bucks. How big? Well, a burst pipe could leave you with $3,500 in damage. That price tag — not to mention that mess — could put a pretty big damper on your holiday festivities. Plumbing insulation costs vary widely but start as low as $110, according to HomeAdvisor.  

Seal it up

Cracks around doors and windows can let in that frosty air and drive heating costs up. Caulking them, using foam or rubber weather stripping, or installing door sweeps beneath exterior doors is a low-cost fix that can help you hold on to more of that money or spend it on better things — like your holiday party and gifts.

Clean it up

When all that lovely snow melts, you don’t want to end up with clogged gutters full of water. The result could be water damage or broken gutters, leaving no way to divert all that water away from your foundation. That’s why you’ll want to be sure your gutters are clear before winter.

And don’t forget about that cozy fire. The ambiance of a fireplace on a cold winter’s night is hard to beat, but fireplaces do need to be maintained. According to HomeAdvisor, you can expect to pay about $252 each year for a chimney sweep. Lighting a fire when you have built-up soot and ash in the chimney is a house fire risk, so this isn’t much to pay for the peace of mind that comes with a clean chimney.

Another reason not to let it go too long? Hiring a chimney sweep when you have years of buildup could raise the price to as much as $800. 

Winterize your home for peace of mind this season

If you’re unsure where to begin or if you haven’t winterized recently, Angi recommends hiring a local handyperson to do a walk-through. They can point out what needs to be done and what might need updating, as well as provide estimates. You can then look into what each step of winterizing your home will involve in detail to get an idea of which tasks you might be comfortable tackling on your own, if any.

Like so many things in nature, winter can be both awe-inspiring and devastating. Fortunately, a little preparation can go a long way toward protecting your investment. Whether you’re a homeowner or an investor, knowing you’ve prepared your property for whatever winter might bring could keep you feeling warm and cozy all season long.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Best Christmas decoration storage | WGN-TV

Best Christmas decoration storage | WGN-TV

by Home Decoration

Which Christmas decoration storage is best?

When you dig into your garage, attic or closet to pull out your festive Christmas decorations, sometimes the most challenging part is finding where you put things. If you’re limited on space or don’t have an efficient way to store your decor, the process can be more frustrating than jolly, Heal Me Healthy.

If you are looking for Christmas decoration storage ideas, check out the Santa’s Bags Ornament Storage Box.

What to know before you buy Christmas decoration storage

Material

Storage systems are available in plastic, canvas and cardboard. Likely, the item you choose will mix materials to provide both flexibility and durability. When you think about the tree trimmings you are planning to store, you’ll want something that will protect your precious heirloom ornaments and keep your glass items secure.

Structure

A sturdy storage carrier will have a framework that supports all of your accessories and keeps them upright. Putting things away in their own designated spaces reduces the likelihood of anything getting crushed or ruined. A container that has designated slots for individual items will keep them from rubbing together, helping glitter and adornments stay intact.

Versatility

When it comes to Christmas decorations, it’s not just ornaments that need to be stored. Lights, wall hangings and yard art will also need to be put away. The amount and type of items you have will determine which storage system works best to fit your needs.

There are designs with dividers and makeshift drawers that are optimal for ornaments. Some containers have additional compartments to accommodate other types of trimmings. You’ll want something that can hold all of your special items, season after season.

What to look for in Christmas decoration storage

Protective

If you are storing your decorations outside in a garage or shed, you’ll want to keep them in something that is weather-resistant through rain, snow, dust storms or summer heat.  If you are storing them in your house, you’ll want to make sure the fabric is resistant to spills and animals. If there’s an unfortunate encounter with rodents indoors or outdoors, you’ll want to feel confident that they can’t get into the container and ruin your precious possessions.

Capacity

How much you have will determine the size of the storage system you need. Even though it may seem labor-intensive, count the number of ornaments you have. It’s easy to underestimate, and the last thing you want to do is select a storage box that can’t accommodate all of your things.

You’ll also want to take an inventory of your items’ sizes. If you have more small things, you might be able to double them up when putting them away. You also want to give yourself a bit of extra space, in case you get more items by the end of the season.

Easy to move

A container that will properly store your holiday decor will likely have handles. Because these items will be stored for a year, it’s not unusual for them to make their way to the back of a closet or the top of a shelf. You’ll want something that is easy to grab and convenient to carry. Be sure not to overfill it or place items in it that are too heavy, which will make it difficult to lift.

How much you can expect to spend on a Christmas decoration storage

The price can vary depending on the capacity allowance and size, but on average, expect to spend $16-$48.

Christmas decoration storage FAQ

What shape is best for Christmas decoration storage?

A. For the most part, Christmas decoration storage containers are square, rectangular or cubed. Any shape has the potential to work, but selecting a storage container in one of these shapes will fit better into most spaces and stack well.

Why do you need dedicated Christmas decoration storage instead of a standard storage box?

A. While any box could work, something designed for holding decorations will be superior. Christmas decoration storage boxes are designed with durability in mind so your keepsakes stay safe. Most have sections to keep items separate so that they are insulated from one another, instead of just simply being thrown loosely into a box.

What’s the best Christmas decoration storage to buy?

Top Christmas decoration storage

Santa’s Bags Ornament Storage Box

Santa’s Bags Ornament Storage Box

What you need to know: It holds up to 72 ornaments and has zippered pockets for extra storage.

What you’ll love: It has an acid-free lining to keep your ornaments from losing color.

What you should consider: The cardboard dividers are not covered with cloth, so you may want to wrap delicate adornments in tissue paper.

Where to buy: Sold by Amazon

Top Christmas decoration storage for the money

Joiedomi Christmas Ornament Storage Box

Joiedomi Christmas Ornament Storage Box

What you need to know: It’s constructed out of high-quality oxford fabric and strong cardboard to keep ornaments scratch-free.

What you’ll love: The cardboard dividers are removable and adjustable.

What you should consider: It only comes in blue, so if you’re storing it in plain sight, make sure it doesn’t clash with the existing home decor.

Where to buy: Sold by Amazon

Worth checking out

Holdn’ Storage Christmas Ornament Storage Container Box

Holdn’ Storage Christmas Ornament Storage Container Box 

What you need to know: Designed to be dust-proof, this Christmas decoration storage box has three stackable trays that slide in and out.

What you’ll love: The lid has a snug fit and it’s easy to carry, with a rope handle on each side.

What you should consider: You’ll want to even out the weight distribution among the three trays.

Where to buy: Sold by Amazon

Sign up here to receive the BestReviews weekly newsletter for useful advice on new products and noteworthy deals.

Kandi Neal writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.

Copyright 2021 BestReviews, a Nexstar company. All rights reserved.

Visit : https://heelsme.com/

Home Improvement star Zachery Ty Bryan reveals he’s engaged after splitting from ex-wife last year

Home Improvement star Zachery Ty Bryan reveals he’s engaged after splitting from ex-wife last year

by Home Improvement

‘I’m thankful for a win… finally!’ Home Improvement star Zachery Ty Bryan reveals he’s engaged after splitting from ex-wife last year

By Mark Mcgreal For Dailymail.Com

Published: | Updated:










Zachery Ty Bryan’s first marriage didn’t work out, but he hasn’t given up on love yet. 

The Home Improvement actor, 40, announced his engagement to his fiancée in an tongue-in-cheek Instagram post from last week, UsWeekly reported.  

‘You win some and you lose some,’ he captioned the photo. I’m thankful for a win…finally!’ 

Home Improvement star Zachery Ty Bryan reveals he’s engaged after splitting from ex-wife last year

Moving on: Zachery Ty Bryan, 40, announced his engagement to his fiancée in an Instagram post from last week (pictured 2016)

Bryan’s engagement comes just over a year after he and his wife Carly Matros decided to end their 14-year-long marriage in September of last year. 

They had three kids together, Taylor and Gemma, both 7, and 5-year-old Jordana. 

After their separation, the Home Improvement star ran into a bit of legal trouble stemming from his next relationship.  

A long first marriage: Bryan's engagement comes just over a year after he and his wife Carly Matros decided to end their 14-year-long relationship in September of last year

A long first marriage: Bryan’s engagement comes just over a year after he and his wife Carly Matros decided to end their 14-year-long relationship in September of last year

A lot has changed: Bryan was arrested in October 2020 for allegedly strangling his girlfriend at the time. Us Weekly reported in February that he agreed plea deal (pictured 1996)

A lot has changed: Bryan was arrested in October 2020 for allegedly strangling his girlfriend at the time. Us Weekly reported in February that he agreed plea deal (pictured 1996)

He was arrested in October 2020 for allegedly strangling his girlfriend at the time. Us Weekly reported in February that he agreed plea deal. 

He pled guilty to menacing and fourth-degree assault. 

While he doesn’t have a very active acting career anymore, the star has received some attention in recent months for a series of nostalgic Instagram posts.  

Less acting, more online presence: While he doesn't have a very active acting career anymore, the star has received some attention in recent months for a series of nostalgic Instagram posts

Less acting, more online presence: While he doesn’t have a very active acting career anymore, the star has received some attention in recent months for a series of nostalgic Instagram posts

A look back: The photos mainly featured Jonathan Taylor Thomas who played Bryan's younger brother on Home Improvement during the entirety of its eight season long run

A look back: The photos mainly featured Jonathan Taylor Thomas who played Bryan’s younger brother on Home Improvement during the entirety of its eight season long run

The photos mainly featured Jonathan Taylor Thomas who played Bryan’s younger brother on Home Improvement during the entirety of its eight season long run.

One photo he posted showed the pair posing for the magazine 16 during the show’s run in the 1990s. 

He jokingly captioned the photo, ‘The 2nd best looking guy in a photo of 2’ which showed the pair standing next to one another with their hands in the pockets of their jeans. 

Advertisement

Credit Suisse Securitizes 8.9 million of GoodLeap Sustainable Home Improvement Loans

Credit Suisse Securitizes $358.9 million of GoodLeap Sustainable Home Improvement Loans

by Home Improvement

Sustainable home upgrades represent an estimated $430 billion annual market opportunity in the United States. GoodLeap leverages its deep expertise in technology and data to make these sustainable home upgrades more accessible for homeowners who are looking to have a positive impact on the planet. GoodLeap’s proprietary technology platform is accessed by more than 18,000 sales professionals at the point-of-sale, creating an efficient option for financial institutions to deploy their capital in high-performing environmental, social and governance (ESG) assets. GoodLeap has deployed more than $9 billion of solar loans and other home efficiency loans through its platform since 2018. 

There have been eleven securitizations of loans originated on the GoodLeap platform totaling $3.8 billion, with over half of the securitized volume happening in 2021 alone.

“We are pleased to sponsor another successful securitization of GoodLeap. This transaction will help the company in achieving a low cost of funding and continues our track record of developing the institutional capital markets for renewable energy and efficiency assets, in line with Credit Suisse’s commitment to support sustainability,” said Spencer Hunsberger, Managing Director in Securitized Products Finance at Credit Suisse. 

This securitization, sponsored by Lime Residential, Ltd., consists of a total of $302.4 million of notes rated by Fitch Ratings, S&P Global Ratings and Kroll Bond Rating Agency.  The notes are backed by $358.9 million of principal balance of loans with a weighted average note rate of 2.43{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. At the time of origination, the weighted average FICO® score of the loans was 740. All tranches of the transaction were multiple times oversubscribed.

About GoodLeap
GoodLeap is America’s leading marketplace for sustainable solutions, delivering a digital-first experience that is simple, fast, and frictionless. GoodLeap’s proprietary technology platform is actively used by more than 18,000 sales professionals, creating an efficient option for financial institutions to deploy their capital in high-performing ESG assets. GoodLeap has deployed over $9 billion in capital for sustainable home improvement products since 2018, empowering countless consumers to live a more sustainable lifestyle. GoodLeap is a proud partner of GivePower, a 501(c)(3) corporation, whose mission is to build and deploy solar-powered clean water and energy systems to communities in need around the world. To learn more about GoodLeap, visit, follow and connect with us at goodleap.com

Contact:
 [email protected]

SOURCE GoodLeap