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Paid to Wait: The Case for a Private Infrastructure Credit Fund

Banks lend against signed contracts at SOFR + 150 bp. Developers borrowing against similar contracts, before anything cash-flows, pay three to four times that, and a USD 1bn fund paid to wait in that gap nets about 6.6% a year (modeled) after a deliberately harsh loss charge.

Written By: MarcPublished on: October 18, 2026
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