Taking the Work—and Worry—Out of Solar
Source: IRENA Renewable Capacity Statistics 2019
Provides a turnkey solution for real estate developers
Works for homes that can't use rooftop solar
Solves for the aesthetic challenges of rooftop solar
Lain is the founder and CEO of SolFin Capital, LLC, a specialty finance company with institutional backing. SolFin’s mission is to provide creative and competitive debt solutions for clean energy installations with a focus on shared solar arrays in new residential developments.
Prior to SolFin, Lain was a senior rating analyst at DBRS where he was responsible for clean energy/energy efficiency financing, including Property Assessed Clean Energy (PACE), Energy Savings Performance Contracts (ESPC) and Residential Solar. At DBRS, Lain led efforts to publish a new methodology for rating PACE financings in July 2015 and ESPC in December 2016.
Lain speaks regularly at industry conferences and has published various research articles, including a commentary titled “Residential PACE Delinquency Trends” which studied delinquency trends for PACE obligations in California.
Prior to DBRS, Lain was a senior banker with Citigroup’s asset-backed securities business. Over the course of his 11 year tenure at Citi, he originated and structured a wide variety of transactions including: film/media, aircraft, trade receivables, auto, retail credit cards and timeshare.
Lain received his bachelor’s degree and MBA with a concentration in Finance from NYU Stern School of Business.
Head of Project Development
Lucas brings years of real estate and solar development experience to SolFin where each project is unique and requires a bespoke project structure with an optimal technology mix. In coordination with the local homebuilder, he utilizes his deep industry relationships to assemble the best team to drive project success.
Before joining SolFin, Lucas most recently served as VP of Business Development for C-PACE Financier CleanFund. At CleanFund he led CleanFund’s solar and energy business. He continues to serve CleanFund as a consultant.
Prior to CleanFund, Lucas spent eight years with PFMG Solar, a Southern California commercial solar developer. At PFMG, he ran project finance and development where he was involved in structuring complex transactions, negotiating major procurement, and overseeing entitlements. During his years at PFMG, he raised more than $300 million to fund nearly 100 MW in solar energy projects.
Before PFMG Solar, Lucas worked for Lennar Homes in construction and land acquisition. He oversaw finish construction for more than 150 homes and later served as the lead analyst for more than $600 million in land transactions.
Lucas holds a California General Contractors Class-B License and a C-46 Solar License. He has an MBA in Finance from ESADE in Barcelona, Spain and a BS from the University of Richmond with majors in Business and Environmental Studies.