Home Run Financing has named Ryan Griffin president, the company announced in a press release on Tuesday.
Griffin, who previously served as chief operating officer, stepped into that role in 2023 as part of a broader expansion of the company’s executive team.
The California-based firm operates in the residential Property Assessed Clean Energy (PACE) financing space, a niche segment that allows homeowners to fund property improvements through assessments added to their property tax bills rather than through traditional mortgage or consumer loan structures.
PACE financing is commonly used for energy efficiency upgrades, renewable energy installations such as solar panels, and home resiliency improvements. The financing is tied to the property and repaid over time via tax assessments, rather than as a conventional lien-based mortgage obligation.
In his new role, Griffin is expected to help guide the company’s growth strategy within the PACE sector, which has remained active as homeowners look for ways to access capital without refinancing first-lien mortgages originated during the low-rate environment of recent years.
For LOs, PACE represents a parallel financing channel rather than a direct substitute for mortgage products. Because repayment is structured through property taxes and the obligation runs with the property, PACE financing operates outside the traditional mortgage underwriting and servicing framework.
With millions of borrowers holding mortgage rates below 4%, many remain reluctant to refinance, increasing interest in second-lien products, home equity solutions, and non-traditional financing structures such as PACE.
While PACE programs are not available in all states and operate under varying regulatory frameworks, they continue to serve as a specialized option for financing property upgrades, particularly in markets with strong adoption of energy efficiency and climate-related improvements.