GoodLeap has completed a $389 million securitization backed by loans for home improvements. Bank of America sponsored the transaction, whose collateral carries about $434 million in loan principal. It is the company’s sixth issuance backed solely by these loans, linking household renovation borrowing with funding from capital-market investors through a dedicated trust.
GoodLeap, a financing platform for home improvements and energy upgrades, completed a $389 million securitization on October 2. The transaction pools loans into a trust that issues securities backed by their repayments. GoodLeap Home Improvement Solutions Trust 2026-2 carries approximately $434 million in loan principal originated by the company.[1], [2]
Bank of America sponsored the transaction, and BofA Securities, its securities business, acted as sole structuring agent. Goldman Sachs, CIBC World Markets and Citigroup served as joint bookrunners, coordinating investor orders for the issuance. Kroll Bond Rating Agency and Fitch Ratings assigned credit ratings to the securities.[1]
The collateral consists of consumer home-improvement loans rather than conventional first-lien home mortgages. The borrowing finances work on existing properties, giving the pool a different borrower and repayment profile from an agency mortgage-backed security.[1]
This is GoodLeap’s 26th securitization overall and its sixth backed solely by home-improvement loans. Its platform finances work including roofing, windows, heating and cooling systems and batteries. GoodLeap says it has arranged more than $38 billion in financing for sustainable solutions since 2018. That companywide cumulative amount covers a wider range of products than the loans backing this issuance.[1]
