Project Financing
Non-recourse financing for long-term infrastructure and commercial projects
Overview
Commercial Project Financing & Lending
Funding a commercial project can be challenging; and we understand that every project is unique. Project financing, a funding solution for a long-term assets, relies primarily on a project’s cash flow for repayment, typically with a non-recourse structure. Non-recourse financing can be an appealing option for private companies who are looking to fund projects off-balance sheet.
We have experience structuring commercial construction loans and working with project developers and owners across industries. We support our partners at each stage of project development and are invested in the long-term.
Overview
Typical size, structure, uses, and benefits ▼
Typical size
- Senior debt: $10 million - $300+ million
- Subordinated debt: $15 million - $150+ million
- Preferred equity: $10 million - $50+ million
Typical uses
- Infrastructure projects
- Power projects
- Midstream and energy infrastructure
- New equipment financing
- Uncapitalized projects
Structural characteristics
- Construction loan: Fixed-rate or floating-rate construction facility
- Term Loan: Fixed-or floating-rate with custom amortization against contracted cash flow with tenors up to 30 years
- Subordinated Debt, Mezzanine & Equity: cash coupon with PIK component and/or ownership position
Issuer benefits
- Supportive, patient, relationship-oriented partner
- Deep pockets to provide follow-on capital to fund your future growth
- Understanding the complexities of your particular business
- Capacity to fund across your capital structure with senior debt, subordinated debt, and preferred equity
