The equity gap is the shortfall between the sponsor’s cash and the minimum equity required by the senior lender and intercreditor tests at NTP and COD. Typical drivers are higher interconnection costs, conservative EPC contingencies, delayed milestone receipts, or a lender tightening DSCR and reserve rules after diligence.
Share pledge, assignment of project docs, charge over accounts, direct agreements with EPC and O&M, step-in rights, and appropriate insurance endorsements.
Revenue account to O&M, taxes, debt service, reserves, then distributions. Mezz or pref sits above common equity with agreed sweeps and cure rights.
Minimum DSCR at COD and forward, capex cap, change-order limits, hedging where needed, distribution tests, and cure mechanics for delays.
Tax equity or transferable credits change the stack. Bridge against incentive proceeds. Intercreditor must match reserve and DSCR tests used by lenders.
FiT and CfD regimes vary. Grants and grid contributions can be senior lender CPs. PPAs with quality offtakers improve mezz uptake.
Structured equity and mezz are common. Offtaker quality and currency terms are decisive. Consider PRI and payment security mechanisms.
Senior term debt 60–70%. Sponsor 10–15%. Preferred equity 10–15% with cash sweep. Grant or incentive bridge 5–10%. EPC deferrals 5% within warranty limits.
Aggregation senior line 55–65%. Sponsor 10–15%. Offtaker prepayment 5–10% at discount. Mezz 10–15% with DSCR step-downs. REC forward sale support.
Senior 50–60% with PRI and DSRA. Sponsor 10–15%. Structured equity 10–20% with FX sharing. EPC deferrals 5%. Of f taker support or guarantees where available.
Most senior lenders want 20–35 percent at NTP, tested against DSCR at COD and through life. Some accept lower if there is a strong offtaker and extra reserves.
It can fill the gap, but credit committees still look at sponsor skin in the game. Expect limits on distributions until tests are met.
Not as equity, but they reduce cash needed before COD. Senior lenders like deferrals if warranty and performance security remain intact.
We assemble a bank-acceptable stack to reach NTP and COD: sponsor and co-equity, preferred equity or mezz with clean intercreditor terms, incentive or tax credit bridges, EPC deferrals secured by standbys, and offtake prepayments or REC forwards. You receive a model-driven sources-and-uses plan, draft term sheets, security and waterfall maps, and execution from heads of terms to funding. Share your PPA or tariff, EPC draft, interconnection status, financial model, and KYC and we will revert with eligibility and pricing bands plus a closing timeline.
Request Indicative TermsFinancely acts as advisor and arranger on a best efforts basis. We are not a bank. All transactions are subject to KYC and AML, sanctions screening, credit approval, legal documentation, and third-party diligence. Nothing here is a commitment to lend or an offer of securities. Terms vary by lender names, jurisdictions, and documentary quality.
Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.
All submissions are
promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.
Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.
Tap into solutions like letters of credit, bank guarantees, and payment facilitation. We address the challenge of global transaction risk through structured strategies that foster cross-border growth. Complete the form to unlock streamlined funding aligned with your commercial objectives.
Submit a RequestAccess non-recourse funding for infrastructure, renewable energy, or other capital-intensive ventures. We mitigate capital constraints by isolating project assets and focusing on risk management. Provide your details to receive a structure that drives growth and maximizes returns.
Submit a RequestSecure financing for business or real estate acquisitions. We ease transaction hurdles by reviewing cash flow, synergy opportunities, and exit plans. Complete the form for a customized proposal that supports your strategic investment objectives.
Submit a RequestFinancely assists banks facing Basel III pressures by distributing trade finance deals and providing collateral for letters of credit. We reduce capital burdens while preserving client relationships and fostering service expansion. Submit your request to optimize your trade finance offerings.
Submit a RequestOnce we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.
Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.
Financely advises growth-focused businesses on accessing capital by introducing their opportunities to professional investors. Financely is not a securities broker or dealer. Where appropriate, engagements are coordinated with regulated broker-dealers, investment banks, legal counsel, and other specialists.
Financely does not solicit, offer, or accept orders to buy or sell securities and makes no assurance regarding capital-raising outcomes.
Services are strictly business-to-business. Financely does not provide personal finance, consumer credit, or retail advisory services.
Advisory services are reserved for post-revenue companies that recognize the time and resources required for professional underwriting.
All mandates start with an RFQ. We review submissions, issue a brief Go/No-Go memo, and where bankable, release a Term Sheet that leads to funding. We arrange capital across Senior Secured, Unitranche, Second Lien/Mezzanine, Preferred Equity, and Gap Solutions. We do not process deals by email or chat.
Letters of Credit, Standby LCs, Confirmations, Receivables Finance, and Inventory Lines with control.
Funding arranged for trade flows with instruments sized to your cycle and aligned to delivery and settlement.
Move forward to secure working capital and keep goods moving. Submit the RFQ to start underwriting for funding.
Limited or non-recourse structures for energy and infrastructure with lender-ready materials.
Funding solutions aligned to project cash flows with credible covenants and conditions to reach notice to proceed.
Advance the file to termable status. Submit the RFQ so we can underwrite and secure funding.
Debt and Preferred solutions anchored on cash flow, Quality of Earnings, and clear closing mechanics.
Funding across senior, unitranche, and preferred to match stable cash flows and acquisition timelines.
Get financed on workable terms for closing. Submit the RFQ to start underwriting.
Acquisition, development, bridge, and refinance with lender-ready packs and third-party reports managed.
Funding calibrated to DSCR, leverage, and tenancy with terms designed to close.
Move to a financeable package. Submit the RFQ to initiate underwriting for funding.
KYC and Source of Funds required. Engagements are best-efforts and subject to underwriting. Preference for operating companies with meaningful revenue. See our FAQ and Procedure.
Financely Inc. (“Financely”) provides corporate-finance advice and is wholly owned by Aurora Bay Trust, a trust formed under Bahamian law, together with its authorized affiliates. Depending on deal structure, jurisdiction, and local rules, engagements may be carried out through Financely Group LLC, a non-deposit-taking, non-banking financial company; Ashford Capital Advisory LLC; or another related entity.
Financely and its affiliates are not registered as securities broker-dealers and do not execute securities transactions or hold client funds or securities. When a mandate involves the purchase or sale of securities and a registered intermediary is required, any orders are introduced to and executed by one or more independent U.S. broker-dealers registered with the SEC and FINRA. Those broker-dealers are solely responsible for trade execution, custody, and related regulatory obligations. Nothing in this material constitutes an offer, solicitation, or recommendation to buy or sell any security or to engage in any specific transaction. Before engaging Financely Group LLC, Ashford Capital Advisory LLC, or any affiliate, you are responsible for confirming that such engagement complies with your own legal, regulatory, tax, and other requirements. In the United States, certain advisory activities may be conducted in reliance on exemptions available under the Investment Advisers Act of 1940, including the “foreign private adviser” exemption where applicable. Our services and regulatory status may vary by jurisdiction and by transaction type.
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