Program 7A – Non-recourse Loans for Projects, Portfolios or Growth Capital – In3 Finance – international impact capital, advisory and events

Program 7A – Non-recourse Loans for Projects, Portfolios or Growth Capital

Program 7A (5x) – Loans for Projects, Portfolios or Growth Capital with 20% downpayment as cash or securities

Loan Product Highlights

Type of Loan:	Non-recourse, 100% LTC, Project or Portfolio financing. Similar structure to a line of credit with disbursements, but not a revolving line — borrow then repay. Once repaid, further borrowing would require a new loan request. Also good for acquisitions and refinancings as well as project funding and growth capital.
Length Of Loan:	Flexible terms but standard is 10 years with 2-3 year grace period for development projects. Can be longer (up to 20 years) if project warrants it.
Prepayment Penalty:	None
Initial Costs:	No up front or due diligence/LOI fees
Minimum:	$25 million minimum per loan; prefer $50mm-$1B
Interest Rate:	5’s-6’s% fixed annual interest (APR). Lower rates with a minimal profit share.
Timing To Funding:	Close and initial funding in under 2 months, then Borrower receives 100% of the loan amount (5x the 20% downpayment), not 80%. Funding is ordinarily delivered in 2 or more tranches, but if the borrower prefers lump sum distribution (full amount of loan proceeds in a single draw) this is available at a slightly higher rate of interest — likely in the 7’s% APR.
To Qualify:	Project, venture or M&A transaction must have reasonably low risk; see comparison. Client needs to provide 20% security downpayment at closing and the lender will 5X that. Collateral can be cash, treasuries, TIF notes, or US Treasury bonds. May also be able to use Tax Credits in certain circumstances. To check if non-cash options will be accepted, please send us a sample (“specimen”) or proposed draft for review. If the 20% downpayment is in the form of cash, effectively 80% loan repayment, not 100%; deposit can be returned when loan is funded. Otherwise, if 20% is securities, treasuries, bonds, or tax credits, the downpayment sits and is released upon loan payback either from operating cashflow or from subsequent refinancing.

Program 7A’s intake steps:

NDNCA (available upon request); fee agreement
Executive Summary – lengthy business plan or offering memorandum, presentation, etc. is fine but I also need a simple 1-pager that captures just the essential facts of what, where, how much, etc.
Budget and Proforma in Excel
Proof of Funds/Asset for the 20% (we need to be able to authenticate the value)
Summary Application (specific to this lender, will provide the package of forms after screening)
Preliminary “tranche” draw schedule (request form/template)
Management/Sponsor bios

Download printable 1-page P7A Loan Program Tear Sheet

See also Program 7B, a cash-only downpayment of 10% for 10x lines of credit, still for early adopters, but available as of September 2023.