LONG TERM STRUCTURED FINANCE FOR PROJECTS
RE: Sale-Lease-Back, Lease, Loan and Other Finance Programs for:
Infrastructure
Construction
Hospitals
Schools
Government Buildings
Renewable Energy Projects
Manufacturing
Fully capitalized transaction for the term of the loan, lease, PPA or off-take agreement, preferably 15 years or longer
Credit underwriting is based on the credit worthiness of the guarantor, PPA or off-taker (with a BBB S&P or Moody’s credit rating or better)
Up to 100%+ of capital needed for the project
Will provide construction funding, with approved EPC or similar
Fully capitalized transaction, no residual recapture
Normally no project ownership is required by funder, no royalty, no participation
Developer receives all tax benefits, tax credits, grants, etc.
Developer can take reasonable developer fee, up to 5% of total amount financed
Low capital cost (rates in the 4.0 to 7.0% range depending on credit rating)
No monthly payments due until project is producing revenue
Fast closing
Prefer take-or-pay contract terms, with minimum capacity payments and with a date certain, PPA, off-take or direct guarantee by investment grade entity
Non-minimum capacity contracts can usually be accommodated with insurance
1.5 Debt Coverage Ratio (DCR) or better
Minimum $10 (prefer 25+) million onshore, $50 million offshore
USA & Offshore (most countries)
