Capital Base Investment Limited Branding
Infrastructure Energy Real Estate $5M – $10B+ Projects Non-Recourse

Fund your project.
Risk none of your
personal capital.

Capital Base Investment provides non-recourse project financing for CFOs, CEOs and project sponsors in infrastructure, energy, and real estate — structured around your asset, not your balance sheet.

Submit a Project Enquiry View Deal Structures ↓
✦
Who qualifies: Project sponsors with assets valued $5M–$10B+ across infrastructure, energy, and commercial real estate. No personal guarantee required. Global eligibility.
Capital Advised & Deployed
$1.2B+
Across 25+ engagements globally
Live
Project Size Range
$5M–$10B+
Infrastructure · Energy · Real Estate
ICP
Personal Liability
Zero
Asset-secured. Recourse to collateral only.
Credit Check Required
None
Approval based on asset value & quality
The Gap We Fill
"Our bank won't fund the project unless I personally guarantee the loan."
Traditional lenders require personal guarantees that put your net worth at risk. Non-recourse financing separates you from the loan. Your liability ends at the asset.
"We have a high-value asset but a complex cross-border ownership structure."
Cross-border SPVs, offshore holding companies, and multi-entity structures present no barriers. We assess the asset, not the corporate wrapper.
"We need capital quickly but can't wait 12 months for conventional approval."
Conventional project finance timelines rarely suit live opportunities. We provide indicative terms within days of a qualifying enquiry — not months.
Capital Base Investment Limited Official Seal
Target Sectors

We finance the
assets that power
economies.

Our non-recourse lending programme is purpose-built for capital-intensive, asset-heavy industries where project sponsors require substantial financing without exposing personal or corporate balance sheets. We understand the deal structures, risk profiles, and timelines unique to each sector.

Typical clients are project sponsors, development companies, fund managers, and owner-operators across the $5M–$10B+ project spectrum who have qualified collateral and require discreet, institutional-grade financing.

Infrastructure construction — highway interchange at dusk
Infrastructure
Non-recourse financing for mid-market infrastructure assets. We fund the projects that conventional lenders turn away due to structural complexity or cross-border ownership.
Toll Roads Ports & Logistics Bridges & Tunnels Water Infrastructure Telecoms PPP Projects
Solar farm and wind turbines at golden hour
Energy
Asset-secured financing for energy projects across the generation, transmission, and distribution spectrum — from conventional assets to renewable portfolios requiring structured capital.
Solar Farms Wind Assets Power Plants LNG Terminals Grid Infrastructure Battery Storage
Commercial tower under construction
Real Estate
Collateral-backed lending against income-generating and development-stage real estate. We serve developers, operators, and investors who need liquidity without disposing of strategic assets.
Commercial Office Industrial & Logistics Mixed-Use Development Hospitality Retail Portfolios Data Centres
Decision Makers We Work With

Built for the people
who close deals.

CFO — Hong Kong boardroom
// CFO · Finance Director
The Capital
Structurer
You need financing that preserves covenant headroom, keeps liabilities off the corporate balance sheet, and doesn't require personal security from the board.
  • Off-balance-sheet structure — recourse limited to asset only
  • No covenants tied to corporate EBITDA or leverage ratios
  • Confidential — counterparty details protected throughout
  • Full documentation support for board & audit reporting
CEO — project sponsor overlooking port
// CEO · Managing Director
The Project
Sponsor
You're sitting on a high-value asset and need liquidity to execute your next move — without selling, diluting equity, or signing a personal guarantee.
  • Unlock capital from existing assets without disposal
  • No personal liability, no equity dilution
  • Decisions in days, not months — built for live opportunities
  • Globally eligible — asset location drives approval, not passport
  • Bespoke terms from $5M to $10B+ project scale
Development director on construction site at sunset
// Development Director · Project Sponsor
The Asset
Developer
Your project is fully developed but under-capitalised. Your bank won't move without personal security or a seasoned income track record you don't yet have.
  • Asset-value-based approval — development-stage eligible
  • Collateral structuring assistance if required
  • Cross-border and multi-jurisdictional assets accepted
  • SPV and complex ownership structures accommodated
Deal Parameters

Transparent terms.
No hidden complexity.

Indicative parameters — all terms subject to asset evaluation and due diligence

Project finance term sheet and blueprints
Asset Category
Typical LTV
Min. Project Size
Commercial Real Estate
70–80%
$5M
Infrastructure Asset
75–85%
$10M
Energy Project
65–80%
$10M
Industrial / Logistics
75–85%
$5M
Listed Securities
65–75%
$5M
Mixed / Complex Assets
65–85%
$10M+
Structure
Non-Recourse Only
Our sole product. In any default, recourse is limited exclusively to the pledged collateral. Your personal assets, income, and other holdings are entirely protected.
Approval Basis
Asset Value — Not Credit
No personal credit assessment. No income verification. No corporate EBITDA test. Approval depends on the quality, value, and eligibility of the asset being pledged.
Jurisdiction
Global Eligibility
We serve clients and accept collateral assets in all major jurisdictions worldwide. Cross-border structures, offshore SPVs, and multi-national portfolios are accommodated.
Confidentiality
Absolute Discretion
No intermediaries. No brokers. All due diligence and negotiations are handled exclusively by our senior principals. Counterparty details are never disclosed.
Engagement Timeline

From enquiry to
funded — fast.

Unlike conventional project finance, our process does not require months of institutional committee approvals, public credit assessments, or intermediary layers. We move at the speed your project demands. Indicative terms are issued within days. Funding follows due diligence completion.
01
Submit Enquiry
Share your asset type, project size, and required loan amount. No documentation at this stage.
Day 1
02
Initial Review
Our principals assess asset eligibility and LTV parameters. Feedback within 48–72 hours.
Day 2–3
03
Term Sheet Issued
A bespoke financing proposal with structure, LTV, fees, and timeline issued for your review.
Day 5–7
04
Due Diligence
Asset documentation, valuation, and legal structure review. Handled directly by our team.
2–4 Weeks
05
Funds Deployed
Upon completion of due diligence and legal execution, capital is deployed directly.
Upon Completion
Hong Kong skyline at blue hour — Victoria Harbour
// Hong Kong · Our Home Market
Client Perspectives

Trusted by sponsors
across three sectors.

// Infrastructure
Their team understood our PPP structure from day one. No explanations required. The term sheet reflected exactly the kind of off-balance-sheet treatment our CFO needed.
Michael Tan
CFO · Horizon Infrastructure Partners
$48M
Financed
// Energy
We had a fully constructed solar portfolio and needed liquidity without triggering a sale. Capital Base structured a non-recourse facility in under four weeks. Exceptional execution.
Rachel Donovan
CEO · Solaris Energy Development
$112M
Financed
// Real Estate
As a development sponsor with a complex cross-border ownership structure, we were turned away by four banks. Capital Base evaluated the asset itself — and funded us in six weeks.
Daniel Whitmore
MD · Whitmore Capital Group
$67M
Financed
Understanding LTV

Why LTV is lower
in non-recourse
lending.

In a non-recourse loan, the pledged asset is the lender's only protection. There is no personal guarantee, no corporate fallback, no recourse to your other holdings. The lender must be completely satisfied that a forced sale of the asset alone would recover the full debt — even in distressed market conditions.

This is why non-recourse LTVs are structurally more conservative than recourse lending — typically 10–20 percentage points lower than a comparable recourse facility. The borrower accepts a lower advance in exchange for complete personal and corporate protection.

For a CFO or project sponsor, this trade-off is almost always worth it: the liability is ring-fenced to the asset, off your balance sheet, and invisible to your corporate credit profile.

// Key Principle
"The lower the LTV, the greater the lender's security margin — and the more competitive the terms they can offer."
// What Moves LTV Up or Down
Pushes LTV Higher
Operational asset with contracted income (PPA, long lease, concession)
Pushes LTV Lower
Greenfield or development-stage — no revenue track record yet
Tier-1 jurisdiction (HK, Singapore, London, New York)
Emerging market or multi-jurisdictional risk premium
Liquid secondary market — asset easily sold under duress
Illiquid or niche asset with no clear exit market
Simple single-entity structure, clean title
Complex cross-border SPV or contested ownership
Stable, inflation-linked or fixed income stream
Commodity-price-sensitive or volatile revenue
// Indicative LTV by Asset Class — Non-Recourse Lending
Infrastructure — Operational
Toll Roads, Ports, Utilities, PPP
60–75%
Strongest LTV — contracted cash flows, hard assets, long concession terms
Infrastructure — Greenfield
Pre-revenue, Under Construction
65–75%
Construction risk, no revenue — lender applies higher safety margin
Energy — Renewables (Operational)
Solar, Wind with PPA / Offtake
75–85%
PPA/offtake contracts provide income certainty — lenders reward with higher LTV
Energy — Conventional / Greenfield
Power Plants, LNG, Pre-Revenue
65–78%
Commodity price exposure and construction risk reduces advance rate
Real Estate — Prime Commercial
Office, Industrial, Logistics
75–85%
Liquid, established valuations — income-generating assets attract strongest terms
Real Estate — Development Stage
Mixed-Use, Hospitality, Pre-Completion
65–75%
No income, longer exit timeline — lower advance with higher equity contribution required
// Disclaimer
All LTV ranges are indicative only and subject to individual asset evaluation, independent valuation, jurisdiction, and due diligence outcomes. Final LTV is determined on a case-by-case basis by our principals.
Free Resource

Does your deal
actually qualify?
Find out in 10 minutes.

Most project sponsors spend 6–8 weeks preparing an enquiry, only to discover a structural issue on first review. This checklist was built to prevent that — so you arrive ready, not surprised.

📋
Instant Download · PDF · 5 Pages
Non-Recourse Project Finance: Deal Readiness Checklist
Asset Eligibility · LTV Reality Check · 7 Deal-Killers · Document List · Timeline
01 Asset Eligibility Scorecard — 10-question self-qualification test with scoring guide
02 LTV Reality Check — real LTV ranges by asset class, not headline figures
03 The 7 Deal-Killers — what ends conversations, and how to check for them
04 27-Document Checklist — everything you need before first contact
05 Realistic Timeline — 8–12 week process mapped stage by stage
Get the Free Checklist
Delivered instantly · No spam · Unsubscribe anytime

// Your email is used only to send the checklist and relevant project finance insights. We do not share data with third parties.

📋
Free Download
Non-Recourse Deal Readiness Checklist — Does your project qualify?
Get the Checklist →
Financing Tiers

Scale-matched
to your project.

All tiers: non-recourse structure · no personal liability · global eligibility · $5M – $10B+

Feature
Zero personal liability across all tiers
Tier 1
Foundation
$5M – $50M
Tier 2
Growth
$50M – $200M
Tier 3
Enterprise
$200M – $1B
Tier 4
Sovereign
$1B – $10B+
Project Asset Range
$5M – $50M
$50M – $200M
$200M – $1B
$1B – $10B+
Indicative LTV Range
65–75%
70–80%
75–85%
Up to 85%
Personal Guarantee
✗ None
✗ None
✗ None
✗ None
Credit Check
✗ None
✗ None
✗ None
✗ None
Dedicated Senior Principal
—
✓ Included
✓ Included
✓ Included
Collateral Structuring
—
✓ Included
✓ Included
✓ Included
Custom Terms
Standard
✓ Bespoke
✓ Fully Custom
✓ Sovereign-grade
Indicative Terms Issued
5–7 days
3–5 days
48–72 hours
Direct principal contact
Apply →
Apply →
Apply →
Apply →
Due Diligence Questions

Questions CFOs
and CEOs ask first.

We understand that non-recourse financing is a specialist instrument. Before any engagement, our clients — typically CFOs, MDs and project sponsors — want to understand the structure, the risks, and the process with precision.

Have a question not answered here? Our principals respond directly — no junior brokers, no automated replies.

Speak With a Principal
In a non-recourse loan, the lender's only claim in the event of default is against the pledged collateral asset. They cannot pursue your personal assets, income, other corporate assets, or third-party guarantors. Your exposure is capped at the asset.
No. We regularly work with cross-border SPV structures, offshore holding companies, and complex multi-jurisdictional ownership. Our evaluation focuses on the underlying asset value and quality — not the corporate structure that holds it.
In most non-recourse structures, the loan liability is ring-fenced to the SPV or project entity holding the asset. This typically keeps the obligation off the parent company's consolidated balance sheet, subject to applicable accounting standards. We recommend independent accounting counsel to confirm treatment for your specific structure.
None at the initial enquiry stage. We ask only for a description of the asset, its estimated value, and the loan amount required. Documentation is requested only once we have issued indicative terms and both parties wish to proceed.
Absolutely. We do not use brokers or intermediaries. All enquiries, negotiations, and due diligence are handled exclusively by our senior principals. No counterparty details, asset information, or transaction terms are ever disclosed to third parties.
Yes, development-stage and partially completed assets are eligible, subject to valuation. The key determinant is the assessed value of the asset at the time of the loan — not its completion status. We evaluate each case individually.
Direct Enquiry

Submit your
project for review.

All enquiries are received and reviewed exclusively by Capital Base principals. We do not use brokers or intermediary staff. Expect a substantive response — not an auto-reply — within 2 business days.

// Hong Kong Office
Room 2601, 26th Floor, Island Centre
470 Reclamation Road, Mong Kok
Kowloon, Hong Kong
// Direct Email
info@capitalbasehk.com
// WhatsApp (Senior Principal)
+852 9441 5502
// Confidentiality Assurance
All project details are treated as strictly confidential. We do not share, publish, or disclose any client or asset information under any circumstances.
Project Financing Enquiry
Tell us the basics — we'll take it from there

// Reviewed by principals only · No brokers · Full confidentiality · Reply within 2 business days

Referral Partner Programme

Refer a Deal.
Earn a Fee.

We pay structured referral fees to professionals who introduce project sponsors seeking non-recourse asset financing. No paperwork to start — one introduction is enough.

// What We Finance
Commercial Real Estate70–80% LTV · $5M+
Infrastructure Projects65–85% LTV · $10M+
Energy — Renewables & Conventional65–85% LTV · $10M+
Industrial & Logistics Assets75–85% LTV · $5M+
Listed Securities as Collateral65–75% LTV · $5M+
Collateral Gap? Still Refer.

If your client's primary asset doesn't fully support the loan amount required, we can help structure supplementary collateral — additional pledges, third-party security, or financial instruments. Refer the deal anyway and we will find a solution.

// Referral Fee Structure
$5M – $20M deals0.50% of loan value
$20M – $100M deals0.75% of loan value
$100M – $500M deals1.00% of loan value
$500M+ dealsNegotiated — contact us
// Finance Sector — Standard Commission Range
Commercial Mortgage/Debt
Trigger: Successful Closing		1.0% – 2.0%
SME / Business Loans
Trigger: Disbursement		2.0% – 5.0%
Placement Agents (PE/VC)
Trigger: Capital Commitment		1.5% – 3.0%
Structured/Project Finance
Trigger: Milestones/Disbursement		3.0% – 10.0%
High-Risk / Distressed Debt
Trigger: Successful Recovery/Funding		5.0% – 10.0%+

// Fees paid within 5 business days of first drawdown · Subject to signed Referral Partner Agreement · All introductions treated in strict confidence

// How It Works
01
Introduce the sponsor
Send us a one-line intro — name, asset type, deal size. No deck required at this stage.
02
We take it from there
We manage the entire process. You stay informed without being involved in the detail.
03
Deal closes, fee paid
Referral fee transferred within 5 business days of first drawdown. No chasing required.
04
Your client relationship is protected
We never cross-sell, circumvent, or go direct. Your relationship remains yours.
// Who Refers Us
⚖️
Corporate Finance Lawyers
M&A and project finance partners advising on large asset-backed transactions. When a client needs non-recourse debt, you need a lender you trust.
📊
Accountancy Partners
Mid-tier firm partners — BDO, Grant Thornton, Mazars — advising on project structures and cross-border transactions with financing needs they cannot fulfil.
🏗️
Project Management Consultants
Technical advisors and feasibility consultants managing infrastructure and energy projects who encounter financing needs alongside their mandate.
🏢
Commercial Property Agents & Valuers
CBRE, JLL, and independent valuers handling large commercial, industrial, and development assets who know when a client is seeking financing.
🏦
Corporate & Trade Finance Bankers
Relationship managers whose clients need non-recourse structures the bank cannot provide. A trusted referral protects your client relationship.
💼
Independent Financial Advisors
IFAs and boutique capital raising advisors completing the debt layer of a capital stack who need a specialist non-recourse lender to refer to.
// Partner One-Pager

Download the Capital Base Referral Partner one-pager to share with colleagues or keep on file. Contains full fee structure, deal criteria, and contact details in one printable page.

📄
PDF · 1 Page · Instant Download
Capital Base — Referral Partner Programme
Fee structure · Deal criteria · Contact details
Download One-Pager →
// Register as a Partner

To register and receive a signed Referral Partner Agreement, contact us directly. There is no cost and no obligation — registration simply ensures fees are documented before a deal is introduced.

Register by Email →
// What Makes a Strong Referral
Project Value
$5M – $500M+
Asset Type
RE · Infra · Energy · Industrial · Securities
Structure
Non-recourse · No personal guarantee
Sponsor Profile
CFO · CEO · Project Sponsor
Collateral Gaps
We can help — refer anyway

Have a deal in mind?

A one-line introduction is enough to get started. No deck, no NDA required at this stage.

Introduce a Deal → WhatsApp +852 9441 5502

// All introductions treated in strict confidence · Fees subject to signed Referral Partner Agreement · Paid on first drawdown only

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