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Construction & Infrastructure Development

Loan Size: $1,000,000 - $25,000,000+

Term: Flexible terms designed around the business and the capital stack built for the project

Repayment Structure: Interest only for 12-24 months during construction, then partially- or fully-amortized up to a 30-year term

Equity Requirements: Senior secured loan can typically cover between 65-75% of total project costs. Through Steward’s capital stack consulting services we will help you assess programs to access grants and alternative forms of capital to help fill this equity requirement. Steward does not provide equity.

Collateral & Security Requirements: First position lien on the property and a primary lien on all business assets. Maximum 80% Loan to Value (LTV), Minimum Stabilized Debt Service Coverage Ratio (DSCR) of 1.2x

Process: Steward begins working with businesses as early as site selection to ensure that projects can qualify for location based programs like EB-5 investments and New Market Tax Credits. If you are interested in our capital stack architecture and infrastructure development coordination services or already have a project ready to break ground we would be happy to talk to you. You can reach out at hello@gosteward.com or submit a loan application.

Differentiators:

  • Bring together the capital & expertise needed to build regenerative regional-scale food systems
  • Provide knowledge, support, and expertise to access alternative forms of capital, including grants and Federal economic development programs (like EB-5, NMTC, C-PACE, etc)
  • Bring together extensive knowledge from Steward staff members and industry partners to ensure that our client’s projects have the best resources available to them
  • Mission-driven, alternative lender that works with development-stage rural businesses that are bolstering their regional food system
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Previous Borrowers

Check out these other businesses that have worked with Steward to plan, develop and build a project to transform their regenerative local food economy:


Circle Seafoods
Land Acquisition

Circle Seafoods is a salmon processing start-up focused on reviving Alaska’s wild salmon industry by streamlining cold storage.

Old Salt Co-op
Land Acquisition

Old Salt Co-op is a collective of ranchers building a regenerative supply chain for the local and regional food economy in Montana.
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Join a growing community of regenerative farms and food businesses accessing the resources they need to flourish.

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