Project finance loans are recourse and non-recourse to the borrowers, including the sponsors of the project and shareholders of the project company. There are extensive project financing documents that required no personal liability under project loans. Thus, the project sponsor and project shareholders are liable only up to the extent of their shareholdings
The sole activity of a project company is to carry out the project – it then subcontracts most aspects through construction contract and operations contract
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There is no revenue stream during the construction phase and so debt service will only be possible once the project is online during the operations phase, thus there are significant risks during the construction phase.
Expert Holding focuses on identifying, developing, and financing of projects & is dedicated to providing Debt capital to companies and project principals without having the dilution of an equity investment and the bureaucratic delays associated with traditional financial institutions. Our credit facility will typically replace a traditional lender where the company is either facing a temporary state of financial distress…
