When you finance GPUs, data-centre construction or compute offtake, you are underwriting collateral whose value curve, allocation status and regulatory exposure can all move inside the life of the facility. We re-price your exposure as those facts change, not just at origination.
Origination diligence, the facilities already on the book, and the facts that move the collateral underneath them.
Origination diligence on a GPU-backed facility, construction loan or compute-offtake financing, priced in dollars and hardware-hours.
Read the facility's covenant package against the borrower's own supply and customer contracts, not just the borrower's financials.
A borrowing-base test, a generation reset or a customer concentration shift, and the facility's risk position re-rates automatically.
GPU and data-centre financing concentrates risk that moves faster than a standard annual covenant review.
Generation resets change what the GPU collateral is worth well before the facility matures.
The borrower's own customer concentration determines whether the revenue behind the facility is actually there.
A large headline offtake can carry termination, volume or guarantee terms that weaken the revenue the facility was sized against.