Utility Scale Solar Facility Construction Loans

We can provide flexible and efficient Turn-Key Public Private Partnership based financial alternatives enabling projects to proceed via credit-backed and lease structures on a timely and cost-effective basis.
 
Transaction profile:

Project Sponsor: Cities, counties, states, large corporations and all public agencies
Lease or Service Contract Terms: 10 - 30 years
Types of Real Estate Leases: NNN or Bonded, non-appropriation clauses acceptable (case by case).
Locations: Worldwide [some exceptions apply]
Size: $10 million to $750 million+



Utility Scale Solar Facility Construction Loans Transaction Process:

LETTER OF INTENT or LETTER OF INTEREST (3-10 DAYS)
Submittal of basic project information. Following review, representatives might schedule an initial due diligence call to determine preliminary level of interest. This phase culminates with a Letter of Intent (LOI).

CONDITIONAL INVESTMENT LETTER (15-30 DAYS) Personal meetings and site visits are conducted. During this second level due diligence, project specific information, capital structure, costs, expenses and investment metrics are evaluated. Should the project meet investment criteria, a Conditional Offer Letter will be issued stipulating basic terms and conditions of project funding. If acceptable to the client, the Letter is to be returned within the required time frame along with any required expense deposits.

FORMAL COMMITMENT LETTER (30-60 DAYS)
Upon acceptance of the Conditional Offer Letter, the client will receive a comprehensive final due diligence checklist. Two complete sets of information will be required including all third party reports. Once final due diligence and underwriting is complete, a Committee Report and subsequent recommendation will be prepared and presented to the Investment Committee for approval to issue a Formal Commitment Letter.
FUNDING/CLOSING (15-30 DAYS)

Upon receipt of an executed formal commitment letter, a Master Closing Agenda, outlining all legal requirements for closing, will be issued. Documentation will be prepared and reviewed by respective counsel. A Closing Notice will be issued by counsel and closing/funding shall occur per the closing notice.