HOT Energy Project Funding to 100% or More
Our association with a Private Fund allows us to submit qualified Projects for review and funding. Subject to the Project meeting their funding requirements, below are some details:
- This is a pure debt program so the funder will NOT take an Equity position in the development
- The Initial Application consists of an Executive Summary.
- Projects and principals must fall within the program guidelines and must possess minimum required documentation to qualify.
- The funding is intended to fund “qualified” companies and/or projects based on the income of the off take or PPA agreements.
- All funds, when received, will be certified bank to bank, that they are clean and originate from a non-criminal, non-terrorist source as defined by both Rico and Patriot Acts.
- All funds for US projects will be disbursed directly to the Applicant’s account from a United States Correspondent Bank or Financial Institution
- Funds will be provided by a professional Fund Management company with around 40 years of experience in creating and selling Bonds
- Conditions and Requirement:
- Applicant must have project with a minimum funding request of Twenty Five Million United States Dollars (USD 25,000,000.00).
- There must be a clear method of repayment of the funds from the off take or PPA Purchase Agreements.
- The projects must be viable and realistic undertakings that would otherwise (and perhaps in less difficult times) qualify for conventional financing.
- Applicants must also be qualified to manage and complete projects – Previous performance of Applicants and/or their identified partnering firms shall be evaluated before their projects are accepted.
- Qualified companies must be newly formed SPE’s, newly capitalized, bankruptcy remote entities. If your project is approved for funding, prior to receiving any Equity Investment funds, you may be required to form a new entity (SPE). The entity may be a partnership, LLC or a corporation.
- Total Funding Amount most times exceed the project costs as the funding amount is based on the value and cash flow from the Purchase Agreements.
- Terms will be based on the credit quality of the purchaser.
- Rates will vary from 4 to 8% with a term up to 25 years
NO Upfront Fees
NO Equity required from the Principal
NO Collateral required from the Principal
NO Equity taken by the funder
Funding takes typically from 4 to 8 weeks, based on the documentation provided.