By: greenbank On: September 01, 2015 In: Comments: 0

NYGB committed US$20.0 million of subordinated capital to RenewFund Finance to support the extension of up to US$100 million of unsecured EE and RE loans to as many as 12,000 homeowners in NY State. Together with a warehouse line of credit provided by Citi, the capital will finance the purchase of New York State residential energy efficiency loan receivables, as well as a small portion of renewable energy loan receivables.

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