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- No Due Diligence fees to the customer. Lender will pay for them.
- Very selective, due to high demand, very low chance of acceptance (of customers' applications.)
- Loan will cover 60% - 70% LTV (Loan-to-value). Payclass has Gap programs to fund the balance (30-40%).
- PriceWatersCoopersHouse (PwC), one of the largest consulting firms in the world will administer the loan on Lender’s behalf as custodian
- Only shovel-ready projects. (Payclass has other programs to assist with land acquisition, feasibility studies, and pre-construction funding)
- Interest rate: range is 6-12%, project and region specific
- Minimum project size $30m, current Maximum is $5bn. Potentially larger size for repeat customers.
- Geography:
- Worldwide, US included
- Preference regions: South-East Asia, Latin America.
- Exclusions: South Sudan, Central African Republic, Iran, Russia
- Bank will review more deeply and require more risk assessment for Risky geopolitical regions.
- If administrators (PwC) assess that application may be a feasible transaction, Customer will need to attend a face-to-face meeting with Bank / Administrator in Asia, or if larger transactions at Customer’s country of choice.
- Shovel-Ready Projects including the following as well as any PPP (Public Private Partnerships),
- Solar/PV Energy Projects
- Onshore /Offshore Wind Energy
- Oil & Gas Projects (No Exploration)
- Energy Storage Projects
- Biomass/Waste-to-Clean Energy Facilities
- Geothermal & Natural Gas
- Dams
- LNG Projects
- Hydro/Thermal Power Projects
- Road/Bridge Network Construction
- Airports/Aviation Infrastructure
- Sea Ports & Marine Infrastructure
- Railway Infrastructure
- Telecom & Communications Infrastructures
- Digital Infrastructure Projects
- Natural Resources extractions, e.g., mining, metals, etc (no exploration please)
- Social Infrastructure – Schools, Hospitals, Courts Projects, etc.
- Government-Backed Mass/Social Housing Schemes
- Water Infrastructure/ Wastewater/Desalination & Management
- Manufacturing Projects, e.g., Cement Factory, etc.
- Large-scale Food Production/Green Agricultural projects
- Commercial Real Estate / Also Hospitality
- Manufacturing of Chemical Tankers, Shipping Vessels, Airplanes, Trains, etc.
- PPP (Public Private Partnerships) Projects. These are mostly government established transactions coming mainly out of Sub-Sahara Africa and South-East Asia, though also used in the US for as an example Water Treatment Facilities, etc.
Project preferences:
- PPP infrastructure
- Public housing
- Telecommunication towers
- Solar power plants
- Commercial real estate
Documents to start:
- Deck
- Exec Summary
- Proforma
Timeframe to process & close: 5-8 Months, funds transfer is relatively quick | |
| In cooperation with a large bank in Asia, Payclass offers a 3x credit enhancement program.
- Bank will inject 3 times the amount customer will provide as cash.
- For example, if Customer deposits $ 10 million with our Bank partner, the Bank will add $ 30M to the account, for a total of $ 40M cash on hand, at customer's disposal.
- Minimum $ 10 million cash from customer.
- No Due Diligence fees to the customer. Lender will pay for them.
- Credit (LOC=Line of Credit) Enhancement program is open to pre-revenue startups, as long as they mostly acquire hard assets and acceptable LTV is being respected
- Underwriting requirements are deal-specific, although Bank partner applies general US standards.
- Underwriting requirements for startups vary heavily.
- PriceWaterhouseCoopers administers this program for the Bank.
- Timeframe to close is 2-3 Months
- Funds transfer is relatively quick, in a matter of days.
- Interest rate varies from 8% to 15%, and is project specific.
Documents to start:
- Exec Summary
- Deck
- Proforma
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