Project Finance

*All projects require to pass a pre-qualification and due diligence phase*

Long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project and a financial guarantee. The financing is a non-recourse loan, which is paid entirely from project cash flow, rather than from the general assets or creditworthiness of the project sponsors. Generally, a special purpose entity (SPV) is created for the project for shielding other assets owned by a project sponsor from the detrimental effects of a project failure. As a special purpose entity, the project company has no assets other than the project. Capital contribution commitments by the owners of the project company are sometimes  beneficial to ensure that the project is financially viable. 


Sectors: Renewables/cleantech, infrastructure, waste-to-value, green housing/real estate, construction, manufacturing.

Debt-to-equity ratio: 100% of the project budget

Stage of project: Pre-development

Size range: $25 million to $4 billion

BG/SBLC/APN Coverage: 70-80% (may be 60% in some cases)

Loan type: non-recourse 

APR: Fixed from top tier banks. Lower-tier banks may result in higher APR

Loan range: 4 to 20 years 

Asset class: mezzanine or subordinated debt. No senior debt is required

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