Specialized Project Finance Advisory
We structure, underwrite, and place non recourse and limited recourse financing for bankable projects. Scope covers feasibility to financial close. We run lender outreach, model and term sheet work, risk allocation, credit enhancement, ECA and PRI options, and documentation through CPs and funding. All files pass KYC, AML, sanctions, technical, environmental, and social screens.
What Our Project Finance Advisory Delivers
Capital Structure
Senior debt, mezzanine, holdco debt, and sponsor equity sized to DSCR and LLCR targets. DSRA and working capital sized to volatility.
Risk Allocation
Construction, performance, and offtake risks pushed to parties best able to carry them. Covenants tied to tests and cure periods that lenders accept.
Lender And ECA Route
Commercial banks, DFIs, ECAs, private credit, and insurance markets. We stage the approach to match timing, jurisdiction, and currency.
Sectors We Cover
Power And Energy
Solar PV, wind, battery storage, C&I, gas to power, and grid upgrades. PPA, capacity, or merchant blends with hedging where needed.
Industrial And Processing
Cement, steel, food processing, and metals refining. Long term feedstock and offtake with take or pay or throughput logic.
Logistics And Social
Ports, storage, roads, data centers, hospitals, and schools. Availability based or user pay frameworks with clear KPIs.
Capital Stack And Instruments
Senior Debt
Term loans, mini perm, and capex facilities with sculpted repayment. Covenants set to DSCR and project tests. Hedging for rate and FX where required.
Credit Enhancement
SBLC, APG, performance guarantees, LC confirmation, surety, and completion support. PRI and non payment insurance to lift tenor and limits.
Equity And Mezzanine
Sponsor equity, preferred equity, and mezzanine loans with PIK or cash pay features. Step down after COD and acceptance tests.
Bankability Checklist
Contracts
- EPC with fixed price, date certain, LDs, and performance tests
- O&M with availability targets and cost pass through logic
- PPA or offtake with tariff, indexation, and termination regime
- Feedstock supply with volume, quality, and backup plan
Controls
- Financial model with audit and sensitivities
- DSRA, MRA, and contingency sizing
- Permits and land rights in place or dated path to close
- Insurance binder and endorsements aligned to risk matrix
Our Process From Mandate To Close
1
Screening And Route
We test permits, site control, offtake, feedstock, and EPC status. We set the lender, DFI, ECA, and insurance route with currencies and tenor bands.
2
Structuring And Model
We build or refine the financial model, covenant case, and term sheet. We map risk allocation and credit enhancement to reach leverage safely.
3
Underwriting And Offers
We run a controlled process with banks, DFIs, ECAs, and insurers. We capture priced offers and align conditions, covenants, and timelines.
4
Documentation And CPs
We negotiate finance documents, security, intercreditor, and direct agreements. We run conditions precedent to fund and manage CP satisfaction.
Typical Terms And Costs
- Leverage.
Senior debt sized to DSCR of 1.25 to 1.45 for contracted assets. Merchant or hybrid cases require tighter targets.
- Tenor.
5 to 15 years depending on asset life, PPA, concession, or offtake tenor.
- Pricing.
Bank debt from SOFR plus 200 to 450 bps for strong cases. Private credit from SOFR plus 500 to 900 bps or fixed rates where needed.
- Fees.
Engagement retainer from USD 59,500 and a success fee payable on signing and funding. Third party costs for advisors and insurers billed at cost.
Documentation We Prepare
Commercial And Technical
- Term sheet and sources and uses
- Financial model with audit or sense check
- Risk matrix and insurance schedule
- EPC, O&M, PPA or offtake heads of terms
Finance And Security
- Loan agreements and security package
- Intercreditor and direct agreements
- DSRA LC or cash mechanisms
- Conditions precedent checklist and timeline
Frequently Asked Questions
What makes a project bankable?
Clear site control, permits, fixed price EPC, creditworthy offtake or availability payments, a robust model, and a risk allocation that matches lender standards. Insurance and credit enhancement close gaps where needed.
Can you support early stage projects?
Yes. We can shape contracts and route before full EPC and PPA are signed. Funding-level terms require defined documents and a defendable model.
Do you arrange ECAs and political risk insurance?
Yes. We coordinate with ECAs and private or multilateral insurers to extend tenor, improve pricing, and de risk country exposure.
How long to reach financial close?
Three to nine months depending on contract readiness, diligence, and approvals. ECA and insurance tracks can add time based on jurisdiction.
Request A Project Finance Mandate
Share project summary, site, permits status, EPC or EPCM plan, offtake or revenue model, and target timeline. We will respond with route, leverage, and documentation steps to reach close.
Start Your Project Finance Advisory
Financely is an arranger and underwriter. We are not a lender. All services are best efforts and depend on due diligence, KYC and AML, sanctions screening, third party advisor reports, and lender or insurer approvals. Nothing here is a commitment to lend, insure, or guarantee.