AI infrastructure financing structure guides
Twelve practical guides to the documents, cash flows and risk allocation behind data centres, GPUs and powered land.
GPU-backed loans: contracts, equipment and repayment
How GPU collateral and customer cash flows support lending, and where the two can diverge.
Read the guide ↗Structure guideData centre ABS: follow the pool and the waterfall
A practical reading of securitised data-centre cash flows, triggers and expected repayment.
Read the guide ↗Structure guideData centre CMBS: property credit meets operating infrastructure
How mortgage collateral, tenant income and refinance exposure fit together.
Read the guide ↗Structure guideHyperscaler lease-backed project bonds
How a strong customer contract supports a project without guaranteeing its bonds.
Read the guide ↗Structure guideData centre construction finance
Funding a build from land and power milestones to a financeable operating asset.
Read the guide ↗Structure guideGPU borrowing bases: what actually supports availability
From contract eligibility to concentration limits, valuation and a funding shortfall.
Read the guide ↗Structure guideHyperscaler support: separate customer credit from lender recourse
A guide to leases, guarantees, backstops and the claims they actually support.
Read the guide ↗Structure guideResidual value guarantees and GPU exit risk
What a value floor can cover, and the recovery risks that can remain.
Read the guide ↗Structure guideConvertible finance for neoclouds
Read the equity option, cash obligations and maturity together.
Read the guide ↗Structure guideFinancing powered land: prove the power milestone
A financing framework for land, connection rights and delivery risk.
Read the guide ↗Structure guideECA and DFI finance for data centres
Match official finance to an eligible project and its actual obligations.
Read the guide ↗Structure guideGulf and Asian capital in global compute
Separate investor geography from asset location and financing recourse.
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