For developers and project owners with a strong project, but not enough liquid capital or assets to qualify for traditional financing. Limen Markets becomes your joint venture partner, underwrites the project, and posts a Standby Letter of Credit your lender can draw against if you default.
A joint venture collateral facility replaces the equity or assets you don't have with a bank-grade guarantee your lender can rely on.
Full review of the deal, the sponsor, and the industry against our qualification criteria.
Limen Markets enters the project as a joint venture partner and issues collateral — a Standby Letter of Credit from a top-rated bank, sized to your project.
If you default on your obligations, your lender draws on the SBLC — not your project.
For an added fee, Limen Markets will also arrange for the loan to be funded through one of our affiliated banks, trusts, or financial groups.
Joint Venture Collateral is underwritten, not automated. Here's what we look for — and what disqualifies a project outright.
The collateral fee is what it costs Limen Markets to issue and stand behind your Standby Letter of Credit.
Funded into escrow, then released to Limen Markets upon loan closing.
The remaining half of the collateral fee, paid to Limen Markets within one year.
A hypothetical walkthrough to make the mechanics concrete. Illustrative only — every facility is individually underwritten, and actual terms depend on the project, sponsor, and lender.
This scenario is for illustration only and does not describe an actual client, transaction, or commitment. Facility size, fees, and timeline are indicative and subject to underwriting, documentation, and closing conditions for every project.
What borrowers ask most before they apply.
A Standby Letter of Credit (SBLC) is a bank's formal guarantee of payment, issued on your behalf. It sits behind your loan as a backstop: if you default, your lender draws on the SBLC instead of the underlying project. It's a well-established form of credit enhancement in project and infrastructure finance.
No. Limen Markets enters the project as a joint venture partner and posts collateral; we do not lend you money directly. Your financing comes from your own lender, backed by the collateral we provide. If you'd also like help arranging the loan itself, Limen Markets can do that for an added fee through one of our affiliated banks, trusts, or financial groups.
Yes. Issuing collateral costs Limen Markets capital. In the event that a borrower does not move forward with a loan, or is disqualified for fraud or other reasons, Limen Markets must be able to collect the fee.
No upfront fees. If your application is accepted, we charge a refundable $6,500 Contract Deposit fee. This is paid into escrow before we issue a formal agreement for a collateral loan. This is to stop potential borrowers from shopping our agreements to third-party investors in an attempt to raise funds. Once we issue contracts, borrowers are obligated to fund escrow for the collateral issuance amount.
Borrowers can elect to choose a third-party, neutral escrow firm; however, we strongly recommend that borrowers utilize one of the escrow firms that Limen Markets has a history with, and that is well versed in these types of transactions.
Tell us about the deal, the sponsor, and where the gap is. A member of our capital team will walk through fit before anything is filed. Not the right fit? See every program on the Limen Capital overview.
Limen Capital is a division of Limen Markets. Limen Markets is registered as a money services business in the State of Wyoming and is an SEC-registered firm. Joint Venture Collateral is a structured financing arrangement, not a securities offering, a loan, or a deposit product. Nothing on this page is a commitment to underwrite, issue collateral, or arrange financing — all facilities are subject to underwriting, documentation, and closing conditions, and the fees, structure, and terms described here are indicative until issued in a formal agreement.