Parameter |
Details |
Borrower |
- Project SPV (Special Purpose Vehicle)
- Parent Company Guarantee, where required
|
Loan Type |
- Senior non-recourse term loan
- Secured against project’s cash flows and assets
|
Loan Amount |
- $5 million to $300 million
- Subject to project feasibility
|
Tenor |
- 5 to 25 years
- Tailored to project lifecycle and revenue streams
|
Interest Rates |
- LIBOR + 2.0% to 4.0%
- Fixed-rate options available
|
Repayment Terms |
- Structured repayments aligned with project cash flow schedules
- Includes sculpted amortization
|
Origination Fee |
- $100,000 to $250,000
- Based on project size and complexity
- Payable upon execution of term sheet
|
Conditions Precedent |
- Submission of all relevant project documents (e.g., feasibility studies, financial models, permits, EPC contracts, offtake agreements)
- Satisfactory completion of due diligence by Financely and its underwriting team
- Execution of project-specific contracts supporting cash flow (e.g., Power Purchase Agreements, EPC Contracts)
|
Security Package |
- First-ranking lien on project assets and contracts
- Assignment of project revenue streams to secure loan repayments
|
Disbursement Timeline |
- 30-60 days from receipt of all required documentation
- Execution of contracts must be completed prior to disbursement
|