Financing

The IMK investment model includes Equity co-investment.   We like to partner with strong sponsors and provide equity.  Depending on the project, this include a sizable amount of the equity.  For larger projects, we can also bring in our partners that include high net worth's, family offices and institutions.  

The structure can be discussed on individual projects.  We like to be co-sponsors or joint venture partners.  The added value that we contribute is beyond just the financing.  We would consider limited partners in some situations, however, IMK requires some significant input in the project as our equity check tends to be a sizable amount of the total equity.  

As part of the overall relationship, IMK also provides a discount or "subsidy" to the renewable energy generating glass curtain wall.  This typically results in the project cost of the premium energy generating facade matching that of standard non energy generating glass facades.  Hence, there is no premium cost to the project.  This is a significant value as glass curtain walls and facades tend to be a high value CapEx.  There is a significant uplift to the project from incentives such as the 45L and 179D, the ESG related financial uplift, and asset value improvement.  This does not cost the development project any additional capital, and we also provide a sizable portion of the equity.  

With many jurisdictions strongly encouraging or mandating energy efficient buildings, this is becoming extremely important.  End users are also increasingly looking for energy efficient and low carbon buildings.  Regardless of the local policies, this just makes good business sense.  

As part of our involvement in any project, we look to take an active role and not just be passive.  We like to add value beyond just equity.  This could be from working with the sponsor on the concept and building particulars, to using our relationships to provide financing throughout the capital stack.  This can include debt financing and especially the construction financing on favourable terms.