01 / Capital Markets

Enterprise Debt, Underwritten.

Construction, project, acquisition and refinancing debt from $2M to $250M+, underwritten to the credit criteria of our institutional and private credit partners. For sponsors, developers, enterprise businesses and owners of well-established companies.

$3.5B+
Capital arranged
1,200+
Transactions by our team
29+ yrs
Experience
$2M–$250M+
Facility size

Who we fund

Four kinds of file. One underwriting standard.

A

Developers & sponsors

Ground-up construction, land, bridge-to-permanent and value-add.

Typical loan size$5M – $250M+
B

Energy & project finance

Solar, storage and infrastructure. Project debt, back-leverage and tax-credit bridge facilities.

Typical loan size$10M – $250M+
C

Acquisitions

Business and asset acquisitions. Senior debt with seller-note and earn-out structuring.

Typical loan size$2M – $100M
D

Enterprise refinance

Maturing loans, lender turndowns and recapitalizations for established companies.

Typical loan size$2M – $150M

Why loans get denied

Most declined borrowers never learn why. We show you.

Files fail credit committee for five reasons. We find yours before a lender does, and fix it in the file.

  1. 01
    CoverageDSCR below the lender's floor

    Resize, re-term or restructure until the cash flow clears. Approval-case underwriting →

  2. 02
    LeverageLTC or LTV above the credit box

    Rebuild the capital stack so senior debt sits inside the box. Development underwriting →

  3. 03
    SponsorExperience or liquidity gaps

    Document the track record and close the liquidity gap. Sponsor & KYC file →

  4. 04
    DocumentationRecords that don't reconcile

    Reconcile every record and order missing third-party reports before submission.

  5. 05
    FitThe right deal, the wrong lender

    Match the file to the credit partners whose criteria it meets.

The Centurion underwriting standard

We will not present your transaction to any capital source until it meets our underwriting standard. If it can't meet it as structured, you get a written declination with the reasons, and our fees stop.

Structures

Debt, named precisely.

  • Senior secured
  • Construction
  • Bridge & bridge-to-perm
  • Mezzanine & second lien
  • Unitranche
  • Asset-based lines
  • Project debt
  • Back-leverage
  • Tax-credit transfer bridge
  • Acquisition debt

Where the capital stack needs equity, we model it and structure it. We take no fee on it.

Common equitySponsor
Preferred equityWe model it
Mezzanine / 2nd lienSubordinate debt
Senior securedFirst lien

Point at a structure to see where it sits

Process

From first read to first draw.

  1. 01Financeability Read

    Can this be financed, and on what structure? Free, and in writing.

  2. 02Underwriting & model

    Lender-grade model, credit narrative and KYC file.

  3. 03Credit package

    One underwritten file, sent to the partners whose criteria it meets.

  4. 04Term sheets

    Side-by-side comparison, then negotiation.

  5. 05Close & fund

    Conditions, closing checklist and first draw.

Credit partners

150+ lender, investor and funder relationships.

Across the U.S. and the Middle East. We know each partner's credit box before your file reaches it.

Questions

Straight answers.

What size financings does Centurion work on?

Construction, project, acquisition and refinancing debt from $2M to $250M+. Under $2M, see Small Business.

How is Centurion paid?

An engagement fee plus a success fee on the debt arranged and drawn. No fee is charged on equity.

How is Centurion different from a loan broker?

A broker is paid when a file is submitted. We are paid to underwrite, and we decline to present files we would not approve.

Do you guarantee approval?

No. The lender makes the credit decision. What we commit to is our underwriting standard and a written answer.

How long does it take?

It depends on the lender and the asset. The Financeability Read comes first and is delivered in writing; once the file is underwritten, your principal gives you a timeline to close.

Submit a deal

Start with a free Financeability Read.

A principal replies within one business day.