Incluziv Capital

Three asset classes we underwrite ourselves.

A generalist arranger sends a file to twenty lenders and hopes. We send it to the six who price this risk. That only works inside sectors we know well enough to anticipate what a credit committee will ask, so we concentrate on three.

Real estateResidential & commercial

Construction funding, inventory refinancing, land and approval-stage structures, and lease rental discounting against completed commercial space. We model sales velocity and collection lag explicitly rather than accepting a developer's schedule at face value, because that is the assumption a credit committee tests first.

HotelsOwned, leased & managed

Debt sized on RevPAR, seasonality and the terms of the management agreement — including conversions, repositioning capex, and refinancing construction debt into a stabilised facility once a property has traded through a full year. Most hotel paper in India is still priced on collateral, which means a well-run property is usually subsidising someone else's weak one.

RenewablesC&I, captive and open access

Rooftop and ground-mount portfolios financed against PPA cash flow, with off-taker credit, module degradation and P90 generation modelled into cover. We structure umbrella and accordion facilities so a developer moves from four sites to twenty against one sanction instead of re-running a lender process every time.
Beyond these three

Other contracted-cashflow assets, case by case

Both partners underwrote a wider range of operating assets — healthcare, specialist accommodation, equipment-backed lending — at a bank built for exactly that kind of credit. Where an Indian transaction turns on contracted cash flow and counterparty quality rather than on collateral value, the analysis carries across. Send it over and we will tell you quickly whether it is a fit.

Tell us the asset, the amount and the timeline.

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