Financing a capital project is a sequence of tests the sponsor does not control: the lender's technical adviser rebuilds the yield, the credit committee re-runs the model with its own haircuts, the tax equity investor reads the offtake contract for its own risks. Our practice prepares the project for those tests and runs the process through them, from the first bank meeting to the conditions precedent list at closing.
The work is technical and procedural at once. A dynamic model with scenario and sensitivity layers and a debt sizing that survives DSCR stress is one half; the application file, the term sheet negotiation and the closing checklist are the other. Valuation, whether of the project, the asset or the sponsor company, is produced from the same model so that the investor package and the bank file do not tell two stories.