EFG'S BROWNFIELD LENDING PROCESS
EFG reviews initial brownfield project submission.
Letter of interest is issued by EFG, outlining the general brownfield loan parameters and documentation requirements.
EFG reviews brownfield loan application, supporting documentation and provides concurrent financial and environmental underwriting processes.
Term sheet is issued by EFG, outlining the loan terms and conditions and all remaining underwriting issues required for a credit decision.
EFG issues loan commitment letter. Borrower accepts commitment and pays commitment fee.
Loan agreements and supporting deal documentation/schedules are drafted between EFG and Borrower.