Mosaic is financing this new solar housing project in partnership with True Green Capital Management, a New York -based private investment firm, and CIT, a bank holding company with more than $44 billion in assets. The installation is owned by equity sponsor True Green Capital Management. In addition, CIT Energy served as Sole Lead Arranger in a $24 million senior secured credit facility provided by CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc. "CIT is proud to support Mosaic on this innovative offering, enabling individual investors to leverage CIT's deep industry expertise in renewable energy while supporting the men and women serving our country," said Mike Lorusso, head of CIT Corporate Finance, Energy. Mosaic investors in this project will be paid through a Power Purchase Agreement (PPA) with United Communities, a housing developer rated AA- by Standard & Poor's.