The structure of a project financing usually requires customizing to reflect the risks, parameters, parties and objectives of the project.

Structures are often complex, being designed to achieve risk allocation between the various parties to the project and the lender(s), and to provide acceptable security to the lender(s). It is often possible and indeed desirable to be able to structure the assets and liabilities on an "off-balance sheet" basis. Due to the complexity of structuring, this type of financing is generally more expensive in terms of higher margins, lending fees, monitoring expenses, and professional fees. Terms are based on the projected cash flows but can be as long as 15+ years.

Balquhain will match the most competitive and reliable project funders to the optimum funding layers which may include:

• Sponsor Equity
• Additional Equity - Private or Public
• Mezzanine / Subordinated Debt
• Senior Debt - Bank Term Loans and/or Bonds
• Leasing and/or Asset Based Loans
• Working Capital Credit Lines
• Risk Management Products - Currency & Interest Rate Swaps