Advantageous Project Capital

Looking for mid-market project funding?  

In3’s flagship CAP funding main advantage is funding approval and delivery certainty, once pre-qualified, for almost any project above $25 million, located almost anywhere.  This is possible because of an innovative, private family office that accepts …

• Projects at any reasonable state of readiness — does not need to be “shovel ready”.  We can cover remaining development costs.
• A partial, financial guarantee, assuring that the project will be delivered.
• Streamlined due diligence packages, without elaborate application forms or upfront fees.

IMPORTANT:  To receive proper attention, take a few minutes to understand what we do, how we work and what makes us different.  We take pride in our customer service … but we will both be better served if you first make sure there is a fit.  Nobody wants to waste time.  Jump to CAP funding pre-qualification here, then upload basic contact and project info. 

CAP is one of several project funding options now available, and usually the place to start.

Here are the main pathways in order from least to highest initial costs:

1. In3 CAP (1-page tear sheet, or get started) provides expedited project equity for projects of $25 million or more, usually combining competitive APR debt and minority equity carry — but please review our requirements carefully. Or visit how is CAP different?, CAP funding detailed description or synopsis cover letter.
2. Via In3 Management Services to advise on your best options for funding.  We can help you identify and arrange debt only, equity only, tax equity investors, venture capital, convertible instruments, financial instruments (via third party guarantors), or hybrids of these with no preset minimums.  For highly-qualified projects in our sweet spot, we may also be able to assist with arranging your project’s guarantor called Done For You (DFY) on a fee-for-services basis.  All management services are fee-based; there are security deposits required for alternative funding pathways to obtain binding terms, fully refundable if the funding does not go forward. Only In3 CAP is without initial costs.
3. Alternative funding pathways include several project loan and/or equity options, up to 100% loan-to-cost (LTC) with interest rates currently ~5% to 12% APR, or as equity only, no debt, with adequate IRR and project owner/developer cash equity “skin in the game.”  All of these options require a cash security deposit to the lending partner (such as into an escrow account). Lower APRs require larger deposits and/or higher IRRs.  Note that none of the lender’s deposit goes to In3.  Each funding partner follows their own criteria, and they allocate risk differently, but generally all use more stringent underwriting standards than CAP funding.  Though these non-recourse loan programs are not as demanding as banks and institutional loans, our private lenders and equity investors do uphold more traditional project finance industry standards than CAP.
   Be prepared for full disclosure and transparency about how financial projections were derived using proper IFRS or GAAP accounting, candid risk analysis and risk mitigation plans.  The financial upside is important storytelling, but simply not the entire story used for making funding decisions.  Holding back key risk disclosures or intentionally misrepresenting risk vs reward is a sure-fire way of quelling interest in funding for your project.  

Learn more about In3’s project funding programs by initial cost, then apply here.

In3 Capital has become a “one stop shop” for financing impact projects of $25 million ($50M preferred) and above.  We offer a continuum of private funding options across diverse “sustainable infrastructure” sectors globally, and support other industries so long as they do not harm people/society or the environment.  In3’s investment strategy aligns with UN Sustainable Development Goals mixed with pragmatism (common sense).  Unlike some sources of capital, we seek to solve problems not to eliminate otherwise viable or feasible projects due to mere technicalities. 

To receive the attention you deserve, we only ask that you pay careful attention to what we do and how we work. A generic inquiry that asks us “Will you fund this?” with your business plan attached does not tell us what we need to know.  For this first pass, please begin with just the 5 fundamental facts, shown below, using our basic application: 

1. What type of project is it? New construction, refurbishment, expansion, acquisition, etc.
2. What is the vertical market or industry sector?  Solar, real estate, waste-to-value, etc.
3. What amount of funding is required?  Please use US$.  Nothing below $25m.  Do you prefer debt, equity or both? 
4. Does the developer have some “skin in the game” and if so, how much?
5. If seeking a loan, not our in-house Family Office’s funding, please estimate the project’s overall (unlevered) Internal Rate of Return or IRR, and indicate the number of years used to derive it.
   
   Example:  100MW greenfield solar project in Angola seeks $105M in debt or debt and equity with $1.2M invested to date, with IRR (unlevered) of 9.8% for 25 years.

Upon acceptance, we will ask to know more about your proposal, team and current status.

In3 Funding Offerings

In3 Capital offers an innovative mid-market project funding solution called Completion Assurance Program™ (CAP FAQ).  This “flagship” funding is a faster, easier and better way to finance impact projects or portfolios of at least $25 million total budget at any reasonable stage of development. CAP delivers up to 100% of the project’s financing (no co-investment required), currently with no up-front costs. 

This funding is “bespoke”, that is, tailored to each client, where we support almost anything that makes business sense (but when necessary, we prioritize sectors we know the best).  Only CAP funding is without at least some costs ahead of closing to access the arranged funds.  Alternatives are direct loans that do not require a Completion Assurance guarantee, enabling you to originate 100% loan-to-cost (LTC) funding, typically at slightly higher rates of interest than CAP, but with more stringent due diligence standards imposed.  This means that without proper vetting and preparation, there is less certainty of reaching closing on these loans (no streamlined pre-qualification step available, as with CAP), although probably still better odds than approaching a lender with terms and conditions unknown to you. 

We have been at this awhile, and know our lending partners quirks and criteria; plus, loan fees (due diligence security deposit paid into an escrow account, or similar fees paid just ahead of closing) will not be requested or are typically refundable if the lender does not agree to commit the requested funds.

Follow these steps, which begins with taking time to use our ONBOARDING SYSTEM.  This will answer most of your initial questions.  Again, please NO NOT email us your files to discover if CAP funding or an alternative pathway is going to work for you.  We realize that seems like the logical thing to do, after all the work preparing such files, but we don’t have time to read them without you making the first move and discovering for yourself if you are in a position to secure funding through us! 

What program(s) do you prefer?  Not sure yet?  How much additional capital do you have to invest in coming to clarity about securing your best funding option?  If ZERO, then CAP is your best and only option.  If you have (or could raise) at least some initial seed funds, or borrow against an asset or securities or tax credits (such as Program 7A’s 20% deposit) or other “skin in the game,” review the chart that shows initial costs by funding program.  Still confused?  Ask us.

Why In3?

In business since before “clean tech” became a thing (1996), In3 Capital Group (more about) has arranged alternative, advantageous funding for projects and (mostly cleantech and climate change mitigation) countless ventures, large and small. We directly finance purpose-driven, “impact” projects via CAP funding for essential infrastructure, cleantech, real estate and other diverse industrial sectors, including climate-smart food systems/agriculture, renewable energy, agroforestry, waste conversion, water, storage, and carbon-drawdown projects in the US, developed and developing economies worldwide.  Current priority sectors

We solve the problems of traditional project finance

As you may know from first-hand experience(s), the traditional approach to project finance is typically expensive, painfully slow, and fraught with more than a few serious pitfalls, most of which go unnoticed until far too much “sweat equity” has been poured in.  Project finance can be quite a slippery slope that involves a substantial investment of time and energy, just to determine feasibility, while simply seeking straight answers on available terms and conditions so you can reach financial closing before the season’s change (again).  The path to securing funding this way, through private sources or even banks, is highly uncertain, like walking through a forest at night with just a candle — you typically only get to see the next few steps, and a stiff cross-wind could easily snuff out the path’s illumination without notice. 

Getting a project funded doesn’t have to be so complicated! With defensible evidence that it will generate reasonable returns, even at an early stage of readiness, up to 100% financing is available via CAP funding and several other options.

What did we do to solve these issues?

We resolve this “pain” thanks to our next-generation model and committed Family Office investment partners. Together we deliver a radically efficient, streamlined alternative. We built this funding program to address these four notorious issues with mid-market projects, delivering several sharp advantages. 

What makes us different? 

Background article on our funding program’s purpose, goals, benefits & advantages. Short version:

1. We make project finance “faster, easier, and better”

2. In3 CAP radically improves funding certainty.

Most new construction project loans require complete shovel-ready status and an established equity investor to take on a meaningful share of the risks. Not ours. Through our family office mandate, In3 Capital Partners have the flexibility to fund almost any project (see above for preferred sectors), anywhere (except countries with US sanctions), at any reasonable stage, even if not entirely shovel-ready (our partners are willing to pay for remaining development costs) in the middle-market range of $25 million ($35m-$40m preferred) up to $4 billion per project, or for a unified portfolio of projects in that range. 

Get Started Now

Find out if you can qualify for CAP funding then deliver our first 3 “essentials” to get started, which are: 

1) Project name, total budget and funding request in $ or €

2) Uses of funds – categories and amounts / % (sample format), and

3) Proposed completion assurance Guarantee type and wording. More on guarantees and how to arrangement them here. 

Our online system allows you to apply and discover for yourself if this funding is going to work for your project.  We strive to get you a fast answer — yes or no, but with limited time spent hovering on “maybe”.  This is born of pragmatism, but also customer service excellence, which comes from doing this for a few decades.  Want third party help with that? Click for more.

Need help building an investible project or venture package?  Here are some service options.

In other words, it is up to you to decide, given the abundant resources available to you online, how best to get your project pre-qualified. We can facilitate and coach to a point, so when you have a specific question after giving it your level best, please do ask us and our team will respond on a merit basis (a mix of first come, first served and then prioritized by opportunities with observable, proven potential).  The more you use our documentation and tools to deliver what is suggested in our stepwise application guide, also called the “Six Essentials” for CAP funding, or ask precise questions (beyond our FAQs, of course), the faster will be your progress.

Read about CAP funding-specific customer service options and upgrading to a premium-level Management Services Agreement (MSA).

Synopsis of this offer (letter of introduction) here.  Follow these steps to get there.

Our project funding program delivers a combination of debt and equity up to 100% of the project’s budget at these indicative terms.  This “hybrid” approach is unusual in project finance, as affordable debt usually requires a substantial commitment of equity from a counterparty, but here we can provide both the debt (mezzanine/subordinated) at quite affordable rates and usually a minority equity carried interest, making In3’s CAP funding a convenient source for new projects and pipelines of projects. 

Projects that are reasonably well documented using industry-standard accounting (GAAP, or IFRS per the International Accounting Standards Board) and ready for funding incur no up-front fees (use our fast/free readiness assessment, called RAIN, if you are not sure; we look for scores at or above 80%, typically).

How we radically improve funding certainty

To take next steps, see How to Pre-qualify for a set of six “essentials” that will result in our rapid Due Diligence, leading to a binding offer of funding.  

See our complete Stepwise Guide to CAP fundraising success

Additional CAP tools and templates, presentation materials (includes a link to our Developer Briefing tear sheet and recorded webinar) and to expedite pre-qualification, see the In3 Completion Assurance Program (CAP) funding – project proposal builder

Or check out “How CAP Funding Works” (more technical) here.  

What’s the catch?  (All FAQs here).  If there is one, it would be simply that we can offer this lower cost of capital, delivered faster, more reliably, and with greater flexibility (paying for any further development or other expenses that most project financiers would refuse) because CAP transfers part of the risk of project non-completion to a guarantor — either the project developer, an involved stakeholder (such as a contractor hired to build the project), or a third party backer.  We use it to screen out fraud, so if you are non-fraudulent, we ease and accelerate access to this quite advantageous funding.

Guarantee not within reach because nobody will be able to support it?  Are you sure about that?  If so, consider these alternative funding options (4 loan programs) above $25 million for entirely shovel-ready projects in the US or overseas.  Certain restrictions may apply.

CAP Tools, Resources, Definitions and FAQs

See CAP Funding Tools & Resources  
What’s a Completion Assurance (financial) Guarantee?
Other financial terminology definitions
Completion Assurance Program FAQs
Learn about Our Investment Strategy

Consider the following to explore further; again, there are no up-front fees, so you have nothing to lose! 

Recap:  Options to get started:

1. Further introduction via our New Client Resources
2. Visit “how to qualify” — the Six Essentials to pre-qualify, using templates to assist with building your winning proposal for funding at In3Finance.com/product/CAP-package
3. No completion assurance guarantee possible?  Consider these alternative funding programs

What if …

• You’re not looking for Project Finance at all — see article for how we define “project” finance (as opposed to venture capital, trade finance, corporate/M&A, etc.) then, if needed, view venture capital fundraising or types of In3 expert advisory services our how to procure In3 advisory services.
• Your new construction project does not qualify for In3’s CAP funding because it is either too small (below $25 million) or your company has insufficient asset depth to obtain a capital guarantee?  Click for answer. 
  • Are you sure you can’t gain a sponsor/backer?  Why is that?  If you have not tried this approach, how can you be sure?  If you are prepared, and intend to involve a well-established vendor (equipment manufacturer, EPC firm or General Contractor), what about skillfully presenting this to them?  Note that your In3 Registered Affiliate can also help.  Start here.
  • Project finance is normally based upon the projected cash flows of the project itself (on a standalone basis) rather than the balance sheets of its sponsors, but CAP funding can leverage a few different types of financial guarantees, including one that does not require underlying collateral (see article) for well-qualified sponsors.
• All other services described at Full services

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