We provide lender-ready capital raise packaging and debt or equity placement support for business owners and buyers looking to secure serious term sheets and close funding on a defined timeline.
For business owners and acquirers pursuing private debt or equity, submit your deal for review. We revert within one working day with next steps and either a quote for our services.
A project finance underwriting memo is the decision document lenders use to approve (or decline) a project-level facility. It is built for credit committee. It is evidence-led. It answers: does the project generate predictable cash, are contracts bankable, can risks be controlled, and is security enforceable.
If you are raising project debt and your “memo” is a marketing deck, you will lose time. Credit teams need a structured narrative, a diligence roadmap, and a model that survives stress tests.
Project finance is underwritten on project cash flows and contractual allocation of risk. Lenders focus less on the sponsor’s story and more on whether the project can operate, sell output, collect revenues, and service debt under defined controls.
Can the project, on its own, generate enough cash to meet debt service and required reserves through the full tenor, including downside cases?
Most failures come from gaps in contracts, weak diligence, or a model that depends on perfect execution.
A strong memo follows a predictable order. Each section should state the conclusion, then show the evidence.
| Memo Section | What It Must Cover |
|---|---|
| 1) Executive Summary | Facility request, uses, key terms, project status, and the “approve/decline” framing in one page. |
| 2) Project Overview | Location, scope, technology, capacity, schedule, and critical dependencies (grid, feedstock, permits, land). |
| 3) Sponsor And Development Team | Track record, financial capacity, governance, and responsibilities post-close. |
| 4) Contracting Package | Offtake/revenue contract, EPC, O&M, supply, interconnection, and how risks are allocated contractually. |
| 5) Technical And Construction Diligence | Design basis, schedule, critical path, contingencies, performance guarantees, and completion tests. |
| 6) Permits, Land, And Regulatory | Land rights, permitting status, material approvals, environmental and social requirements, and remaining gaps. |
| 7) Market And Revenue | Revenue mechanics, pricing formula (if applicable), counterparty credit, termination rights, and payment security. |
| 8) Financial Model Summary | Base case, downside cases, sensitivities, DSCR profile, reserve sizing, and covenant headroom. |
| 9) Capital Stack | Sources and uses, sponsor equity, timing of injections, subordinated layers, and any guarantees or support. |
| 10) Security Package And Controls | Security over shares, contracts, accounts, insurance, step-in rights, cash waterfall, and reporting regime. |
| 11) Conditions Precedent | Closing deliverables, third-party reports, legal opinions, insurance, and requirements for first draw. |
| 12) Risk Register | Top risks with mitigants: construction, completion, revenue, regulatory, force majeure, FX, and counterparty risk. |
Lenders do not need contracts to be perfect. They need them to be enforceable, financeable, and aligned with the model.
The model is not an appendix. It is the engine of the credit decision. The memo should summarize the results and show what breaks the project.
A big part of project finance is the control framework. Lenders want a cash waterfall, controlled accounts, and reporting that allows early intervention.
Conditions precedent are not “paperwork.” They are the lender’s gatekeeping checklist to confirm the project is legally and operationally ready to draw.
If you are preparing a lender-ready file, this outline will keep you honest and organized:
A deck can start a conversation, but credit approval requires a memo, model, diligence plan, and bankable contracts. If the file is not underwritable, it stalls.
Both matter. In true project finance, lenders rely on contracts and controls to reduce reliance on sponsor support after close.
No. It improves decision speed and reduces avoidable resets. Final approvals still depend on counterparty policy, diligence, and definitive documentation.
If you have a real project file and can provide core documents, Financely can structure the underwriting package and coordinate a managed term sheet process through vetted counterparties. Submit your request and we will revert with a checklist.
Request A QuoteDisclaimer: This page is for general information only. It does not constitute legal, tax, regulatory, investment, or credit advice and it is not an offer or commitment by Financely or any third party. Financely is not a bank, lender, insurer, surety, broker-dealer, or investment adviser. Any transaction support is provided through vetted counterparties and is subject to eligibility, KYC and AML review, sanctions screening, counterparty risk policy, and execution of definitive agreements.
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.
To proceed,
request a quote
and receive indicative commercial terms. If you require guidance before engaging,
book a paid telephone consultation.
Security notice: we are aware of third parties using Financely’s name without authorization. Only emails sent from our official domains and communications through our portal are valid. Please verify any outreach before sharing documents or sending payments, and read our impersonation warning.
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.
Click
here to download our brochure.
