Our equity raises are structured to align our success with yours. We work with sponsors to ensure that our investors are on the same economic terms as the other individual or institutional investors in the project.

• Target Annual Cash Return: 6-12%
• Target Internal Rate of Return (IRR) to Investors: 14%+
• Typical Term: 2-5 years
• Risk: As the last party to get paid, equity investors have limited downside protection. However, they enjoy uncapped upside if the deal performs well.

Our preferred equity deals offer investors a fixed monthly or quarterly return, combined with a fixed portion of the project upside upon repayment. We employ this structure to provide shorter, fixed terms and to help manage risk.

• Target Current Preferred Return: 7-12%
• Target Total Preferred Return: 11-17%
• Typical Term: 1-3 years
• Risk: Preferred equity investors are entitled to repayment before the equity holders and project Sponsor are paid. This lets investors manage risk while also participating in a portion of the deal’s target upside