JOINT VENTURE EQUITY

• Assist partners through sharing of risk

• Leveraged return on equity

• Assist in project development through SCS expertise and relationships

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MEZZANINE CAPITAL

• Interim capital/bridge debt subordinated to third party senior debt

• Structured to take specific risks for limited period

• Replaces capital that would otherwise be more expensive equity

• Capped return enhances IRR for equity investors

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Bridge Financing

• Provides sponsor with shorter term financing

• Supplement or alternative to equity during a project's initial repositioning phase

• Utilized in anticipation of a liquidity event such as a refinancing or sale

• Reduce or eliminate syndication risk

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PREFERRED EQUITY

• Co-investment with a structured return to reflect exposure to project risk by capping returns to mitigate the cost of capital

• Reduces inter credit issues that a senior lender may have with high yield subordinated debt

• Alternative or supplemental to traditional debt and equity structures