When CAP is your best or only option

For projects at a relatively early stage — not yet ready to begin construction.
- We can pay for remaining project development work like design or engineering, securing the site, contractors, licenses, permits, etc. CAP funding can be secured at any reasonable stage.
When there is no free cash to pursue any other options
The need for speed – we offer a clear, fast and free yes/no opinion, then can reach closing in 30 days, first funding 30-45 days.
Project financial performance below ~12% IRR or 1.25% DSCR
- At least 12% unlevered IRR is usually necessary to cover the non-CAP alternative funding costs and higher APRs; other funders also require substantial “skin in the game” (cash investment by the developer/owners); not so with CAP.
Are there remaining substantive risks, perceived or actual, such as technology risk, execution risk, operational risk, or political/country risk? Some of these risks are insurable, but what about those that aren’t, or to save the cost of such a policy?
Local currency (not US$ or Euros) is strongly preferred to fund and repay the financing?
Does the developer want to take on a true equity partner to make subsequent funding easier, building a long-term relationship with a like-minded partner that does not expect control?

If any of these seven conditions apply, CAP should be the focus until success or pivot.