Project Finance and Development

Making capital projects fundable.

A project does not get built because the engineering is sound. It gets built because someone has shown, to the standard a lender requires, that it will return what was promised. That work sits between the technical study and the capital raise, and it is where most projects stall.

Bereshith Advisory does that work. We take a defined project and produce the economics, the funding structure and the bankability case that turn it into something an institution will finance.

The problem

Where projects stall.

The study is complete and nobody can say what it costs.

A feasibility report describes what should be built. It rarely produces an estimate a lender will accept, a financing structure a sponsor can execute, or a return an investor can underwrite.

The economics live in a spreadsheet nobody else can audit.

A model built by the engineer who designed the project is not a model a lender's technical advisor will sign off on. Every input needs a source, every assumption needs a basis, and every output needs to trace back to both.

The funding conversation starts too late.

Development finance institutions, export credit agencies and commercial lenders each carry requirements that shape the project. Discovering them after the design is fixed means redesigning to fit the money.

Capability

From concept to financial close.

Feasibility and bankability

We assess whether a project can be funded, not only whether it can be built. Market analysis, offtake and revenue modeling, and the commercial case a financier reads before the technical one.

Project economics and financial modeling

Multi-year project models with capital and operating cost build-up, revenue and pricing scenarios, sensitivity and downside analysis. Built to be audited, with every figure carrying its source.

Cost estimating and estimate classification

Capital cost estimates to AACE International standards, with class determination, benchmarking against reference projects, and contingency analysis appropriate to the stage of definition.

Capital stack and debt structuring

The funding structure that fits the project. Sponsor equity, senior and subordinated debt, development finance and grant sources, sequenced by phase. Debt sized against the coverage ratios and repayment profile lenders will accept.

Development finance and export credit

Direct experience with United States government-backed programs including the U.S. Trade and Development Agency and the U.S. International Development Finance Corporation, and with the requirements of multilateral and bilateral development finance institutions.

Investment readiness and financial close

Preparing the project for lender diligence. Risk allocation, contract structure, information memoranda and the financial close checklist. We stay through the process.

Compliance and integrity

Sanctions screening, anti-corruption and procurement integrity, and alignment with the standards development finance institutions apply, including the Equator Principles and IFC Performance Standards.

Transaction support

Commercial and financial due diligence on acquisitions and investments in project assets. Valuation, deal structuring and negotiation support.

The engagement

Three stages, one standard.

01

Assessment

Two to four weeks

We review what exists, define the gap between the project as described and the project as fundable, and scope the work required to close it.

02

Definition

Two to six months

The economics, the estimate and the funding structure, built to lender standard. Duration follows scope and the stage the project has reached.

03

Financial close

Lender diligence, structuring and negotiation through to signing. We stay until the money moves.

Sectors

Where we work.

Energy.

Gas processing and LNG, power generation, refining and petrochemical, midstream and storage, and energy transition projects including hydrogen, carbon capture and renewable fuels.

Infrastructure.

Ports and fuel terminals, transmission and distribution, water and industrial utilities.

Industrial.

Process plants, manufacturing facilities, and first-of-a-kind deployments where no reference project exists.

Critical minerals.

Mining, processing, and the infrastructure that connects them.

Digital infrastructure.

Data centers, fiber networks, and the power, cooling and site infrastructure that support them.

Houston is our base, and we deliver across the United States. Our project finance work also runs internationally, with delivery capability in West and East Africa.

We work as prime advisor to sponsors, as the financial workstream inside a technical team, and as a subrecipient on government-funded studies. Federal registration and veteran-owned certification in place.

Let's talk about the project.

Every engagement begins with a conversation about what you have and what you need. No obligation.