Financing for Projects Under Pressure

Most financing content is organized by product. Projects do not have products; they have situations. The pages in this section start from the situations: a declined construction loan, stopped draws, an approaching maturity, a cost overrun, a stalled site, a capital stack that no longer covers the uses. From there they work forward to the structures that realistically address them.

Each page follows the same discipline. First, what the situation usually means, because the same symptom can have very different causes. Then what has to be reviewed: the documents and facts that determine which paths are open. Then the paths themselves, plural, because there is almost never exactly one: a replacement facility, a restructure with the existing lender, subordinate capital, an equity recapitalization, sometimes a sale.

And each page is candid about risk. Some projects at some stages cannot be financed, and the review exists to establish which kind of file yours is, early and honestly.

Evoque Commercial evaluates these files the way capital does: budget, collateral, sponsorship, exit. The platform's core transaction range is $3 million to $25 million, and a pressured project in that range receives the same disciplined review as an institutional-scale file. The structures most of these situations resolve into are described under construction completion financing and structured capital; the pages below cover how each situation reaches them.

Start with the page that matches your situation. Situations overlap; a maturity often arrives alongside a reserve shortfall, a stopped draw alongside liens. If none of these pages quite fits, bring the project as it actually stands. A project review sorts the pieces faster than any page can.