SPP will provide 100% project finance for 50% equity

participation in the project SPV. Minimum deal value is $100m,

although the funder prefers to work with higher deal values of

between $250m to $1bn+. There is no

loan, there is no interest charged and the 50%

at fair market value at the sole discretion of the client, subject to

project completion and six months of stable operation (fair

market value determined by mutual

There are NO upfront fees to pay. The only cost is travelling to

meet the funder at a mutually agreed location to sign off

agreements which you will already have approved prior to your

meeting. The face-to-face meeting is for

to put signatures on agreements allocating equity in your project

and arrange first drawdown of your funds in accordance with

your quarterly drawdown schedule.

tranche will usually be no more than eight week

The SPP program can be applied to resorts, mining, carbon and

renewable energy, road/rail, shipping and most other project

types in all politically stable regions of the world.

Compared to traditional equity funding methods the process is

straightforward and uncomplicated

Agreement works in tandem with your Project Funding and

Oversight Agreement wherein each quarterly drawdown is

dependent on the previous quarter

being achieved. The funder takes no direct interest in day

management but seeks assurance that the project is remaining

‘on track’ as it progresses through the

Summary of terms:

• Shovel ready project. Ie: All permits, permissions etc in

place where the only missing element is the funding

• 100% funding. Minimum deal value $100m.

• Funder takes 50% equity of project SPV.

• Funds provided on a quarterly basis in accordance with

client drawdown requirements.

• Funder has no involvement in day

(silent partner with rights to one voting board seat

• 50% can be bought back at any time at fair market value

after project stabilisation.

• All agreements/contracts agreed prior to meeting (funder

is located in New York).

• No other costs.

• Process takes six to eight weeks application to first

tranche.

SILENT PARTNER PROGRAM

SPP will provide 100% project finance for 50% equity

participation in the project SPV. Minimum deal value is $100m,

although the funder prefers to work with higher deal values of

between $250m to $1bn+. There is no upper limit. This is not a

ere is no interest charged and the 50% can be bought out

at fair market value at the sole discretion of the client, subject to

project completion and six months of stable operation (fair

market value determined by mutually acceptable third party).

There are NO upfront fees to pay. The only cost is travelling to

meet the funder at a mutually agreed location to sign off

agreements which you will already have approved prior to your

face meeting is for no other purpose than

to put signatures on agreements allocating equity in your project

and arrange first drawdown of your funds in accordance with

your quarterly drawdown schedule. From application to first

tranche will usually be no more than eight weeks.

The SPP program can be applied to resorts, mining, carbon and

renewable energy, road/rail, shipping and most other project

types in all politically stable regions of the world.

Compared to traditional equity funding methods the process is

ard and uncomplicated. The Disbursement

Agreement works in tandem with your Project Funding and

Oversight Agreement wherein each quarterly drawdown is

dependent on the previous quarter’s project developments

being achieved. The funder takes no direct interest in day-to-day

management but seeks assurance that the project is remaining

‘on track’ as it progresses through the each quarterly drawdown.

Ie: All permits, permissions etc in

missing element is the funding.

100% funding. Minimum deal value $100m.

Funder takes 50% equity of project SPV.

Funds provided on a quarterly basis in accordance with

client drawdown requirements.

involvement in day-to-day management

with rights to one voting board seat).

50% can be bought back at any time at fair market value

after project stabilisation.

All agreements/contracts agreed prior to meeting (funder

Process takes six to eight weeks application to first

SILENT PARTNER PROGRAM (SPP)

SPP WILL FINANCE…

Transport

Hotels and Resorts

Shipping

Waste to Energy

On this program, the basic criterion is that the value of the

funder’s 50% at the end of the construction period must not be

less than the project cost invested. This means that it applies

only to projects with high ROI’s, or long term stable cash flows

allowing post stabilisation financing to create the exit for the

investor. Where necessary, Equility can arrange financing to buy

out the investor. Alternatively, we propose to our clients that a

‘sinking fund’ is established in which you can build a sepa

fund to pay down your principal and recover your 50% equity.

Process

Once we have reviewed your project and assessed its

acceptability by the Silent Partner Program we will send you a

KYC (Know Your Client) form to complete, which should be

returned to us with your full business/product plan including

financials. These are sent to the funder who will usually respond

with your funding agreements within ten working days.

You will also be sent our standard NCNDA and Engagement and

Consultancy Agreement (ECA) which will provide for a fee of

between 2% and 4% to be paid to us directly concurrent with

tranches received from the funder. These need to be returned

to us with your KYC and other documentation as described

above.

On this program, the basic criterion is that the value of the

funder’s 50% at the end of the construction period must not be

less than the project cost invested. This means that it applies

or long term stable cash flows

llowing post stabilisation financing to create the exit for the

investor. Where necessary, Equility can arrange financing to buy

we propose to our clients that a

‘sinking fund’ is established in which you can build a separate

fund to pay down your principal and recover your 50% equity.

Once we have reviewed your project and assessed its

acceptability by the Silent Partner Program we will send you a

KYC (Know Your Client) form to complete, which should be

your full business/product plan including

financials. These are sent to the funder who will usually respond

with your funding agreements within ten working days.

You will also be sent our standard NCNDA and Engagement and

) which will provide for a fee of

between 2% and 4% to be paid to us directly concurrent with

tranches received from the funder. These need to be returned

to us with your KYC and other documentation as described

© Equility Capital Ltd 2013

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Commercial Real Estate