Project finance · Energy & infrastructure · Valuation · Fundraising

Models built for the decisions that matter.

A specialist studio for project finance, valuation, and debt — from renewable energy and infrastructure projects to companies raising capital — built so the numbers hold up in front of lenders, investors, and boards.

Leave with a clear plan, fixed price, and timeline — whether or not we work together.

debt_sizing_v4.xlsx · linked · checks: 0 errors
fx =MIN(CFADS_yr / Target_DSCR) → PV @ all-in rate
Assumption / OutputValueStatus
Revenue growth (input)4.5%sourced
EBITDA margin (input)31.0%sourced
Target DSCR (input)1.35×lender term
CFADS, avg (calc)$7.9Mlinked
Min DSCR (calc)1.35×passes
Supportable debtaudit-ready
blue = input black = formula green = linked output
8+ yrs
Corporate finance & project modeling experience behind every build
Fixed
Scope, price, and timeline agreed before any work begins
Senior
The modeler who scopes your file builds it — no juniors, no hand-offs
2–3 wks
Typical build timeline, agreed in writing before work starts

The problem

A model is only worth the decision it survives.

Most spreadsheets break under the first hard question — a lender stress-test, a diligence pass, a board member pulling a thread.

Hardcodes buried inside formulas no one can trace
Assumptions with no source — indefensible in the room
One base case, zero scenarios, no view of what drives the answer
The outcome

Numbers that hold up in the room.

Transparent, fully linked, scenario-driven models with every assumption documented and sourced.

A reviewer can trace any output back to its source without calling you
Every input sourced; every output traceable to it
Downside cases pre-broken — before a lender or investor tries

What we build

Four disciplines, one institutional standard.

VAL

Valuation & DCF

Three-statement and DCF valuation, comparable-company and precedent analysis, defensible WACC and terminal value.

→ fundraises · M&A · board reporting
PF

Project finance

Cash-flow models with debt sculpting, DSCR/LLCR sizing, multi-tranche structures and covenant tests — to the standard lenders underwrite against.

→ infrastructure · energy · real assets
DEBT

Debt & capital structuring

Debt-capacity analysis, refinancing scenarios, sources-and-uses, and returns under alternative structures — so you raise on the right terms.

→ refis · recaps · acquisition financing
DEC

Scenario & decision analysis

Scenario and sensitivity frameworks that show what actually moves the answer — so a single base case becomes a decision you can defend in the room.

→ capital allocation · expansion · exit timing
Where we go deep

We don't model everything. These are the projects we know — and we know how lenders and investors look at each one.

REN

Renewables & clean energy

Solar, wind, and battery projects: how much debt the project carries, what returns look like under current tax rules, and whether the file clears lender review.

INFRA

Infrastructure

Water, carbon capture, and other long-life assets: long-term contracts and steady revenues, modeled for the lenders and partners who fund them.

RAISE

Startups & fundraising

Companies raising capital: a clear operating model, a defensible valuation, and investor-facing exhibits built to answer diligence questions.

Timely

The U.S. begin-construction deadline for wind and solar passed on 4 July 2026. Projects that missed it now face a 31 December 2027 placed-in-service date, and foreign-entity content rules apply on top. Most project models were built before those rules landed. If yours has to clear a lender, a model audit tells you what breaks before they find it. Get it reviewed →


The FinModelHQ standard

"Audit-ready" is a spec, not a slogan.

Every file that leaves this studio passes the same checks before handover. It's the difference between a spreadsheet and an asset you can put in front of a lender.

01

Inputs separated from logic

Blue inputs on dedicated sheets. No hardcodes buried inside formulas.

02

Every assumption sourced

Each input carries a source: contract, filing, market data, or management estimate — labeled as such.

03

Fully linked, no plugs

Balance sheet balances by construction. No balancing plugs, no circularity left unexplained.

04

Scenario switch wired in

Base, downside, and lender case switch from one cell. Sensitivities on the drivers that actually move the answer.

05

Checks sheet with zero errors

A live error dashboard — integrity, sign, and covenant checks — visible on every sheet's header.

06

Documented for handover

Model map, driver tree, and change log. Your team can own the file after one walkthrough — no dependency on us.

Get your model held to this standard Request the full spec by email

The full spec is free — use it to audit your own model, or anyone else's.

engagement_profilesenior-led
Experience8+ yrs corporate & project finance
FocusEnergy, infrastructure, capital decisions
Who builds itThe modeler who scoped it
Juniors on your file
Concurrent engagementsLimited by design
Confidentiality
every row holds on every engagement
Who builds your model

A senior modeler. Not a queue.

One point of contact, scope to handover

FinModelHQ is deliberately small. Every engagement is led end-to-end by a senior modeler with 8+ years in corporate finance and project modeling — someone who has sat on the side of the table that asks the hard questions, and builds models ready for them.

That structure is the product: the person who frames your problem in the scoping call is the person whose hands are in the file. No account managers, no juniors you never meet, no dilution between the conversation and the work.

Deep in project finance — debt sculpting, DSCR/LLCR sizing, covenant and lender-case mechanics
Energy & infrastructure fluency — including current tax-credit and financing rules
Built for scrutiny — files structured for lender, IE, and diligence review from day one
Limited concurrent engagements — your model gets senior attention, not a queue

How it works

From kickoff to a model you can defend.

STEP 1 · DAY 0

Scope & assumptions

A working session to pin down the decision, the structure, and every key assumption — and where each is sourced. Fixed scope and price before any build.

STEP 2 · WEEKS 1–2

Build & pressure-test

Built to the six-point standard — inputs separated, scenarios wired in — then broken on purpose before anyone else can break it.

STEP 3 · HANDOVER

Walkthrough & ownership

A documented, audit-ready file plus a live walkthrough so your team owns it. Two weeks of follow-up tweaks included.

Where this fits

Two ways this usually shows up.

The two situations that bring people here — the problem, what gets built, and the decision it has to survive. These describe the shape of an engagement, not a named deal; client work stays confidential.

Project finance · debt sizing

Sizing debt a lender will underwrite

When a cash-flow model has to clear a lender's desk: a project finance model with sculpted debt, DSCR/LLCR tests, and reserve accounts — stress-tested against the downside cases before it ever reaches underwriting, and structured so the independent engineer can trace every number.

DeliverableProject finance model, checks sheet, model map
Built inDebt sculpting, DSCR/LLCR tests, reserve accounts
Built forLender credit committee and IE review
Valuation · fundraise

A model that survives diligence

When you're raising and the numbers have to hold up: a fully linked three-statement model, DCF, and comparable-company analysis, plus the investor-facing exhibits — built to answer diligence questions on the spot, not crumble under them and force a mid-raise rebuild.

DeliverableThree-statement model, DCF, comps, investor exhibits
Built inScenario switch, sensitivity tables, sourced assumptions
Built forInvestor diligence and board review

Pricing

Fixed scope. Fixed price. No surprises.

Priced by the value of the decision — not by the hour. Every engagement ships an audit-ready model and a live walkthrough.

Model Audit

$2,500
EXISTING MODEL · 1 WEEK
  • Full review against the FinModelHQ standard
  • Error, hardcode & logic check
  • Stress-test against key scenarios
  • Written findings + prioritized fix list
  • Run before a lender's independent model audit
  • Rebuild not included
Start an audit
100% credited toward a build if you upgrade within 30 days

Model Build

Scoped per
project
FROM SCRATCH · 2–3 WEEKS
  • Scoping & assumptions session
  • Fully linked 3-statement / DCF or project finance model
  • Scenario & sensitivity framework
  • Documented, audit-ready file
  • Live walkthrough + 2 weeks of tweaks
Get a fixed quote
Price depends on structure, sector, and scope — quoted as one fixed number after the scoping call, before any work starts

Not sure which fits? The scoping call answers that in 20 minutes — you leave with a plan and a fixed price either way. Every engagement is quoted as one number, agreed before work begins.


Before you ask

The questions a careful buyer asks.

Is our data confidential?
Yes. Everything you share — models, deal documents, financial data — is treated as confidential from the first conversation. Materials are stored securely and deleted on request after handover, and client work is never used in marketing without permission. That's also why the engagement examples above are anonymized.
Why isn't the build price listed?
Because a single-asset solar model and a portfolio model with three debt tranches and a tax equity flip are not the same job, and pretending otherwise would mean over-quoting one of you. A model audit is a fixed $2,500 because the scope is fixed. Builds are quoted as one number after a 20-minute scoping call — before any work starts, and it doesn't move unless the decision itself changes.
Why not just have our analyst build it in-house?
If your team builds lender-grade models regularly, you should. Most teams don't — and a model built once a year by someone doing five other jobs is exactly the model that breaks in diligence. You're not buying spreadsheet labor; you're buying a file that survives the room, delivered in two to three weeks without pulling your team off the deal itself.
What tools do you build in?
Excel, natively — because that's what lenders, investors, and diligence teams open. No proprietary add-ins, no locked formulas, no dependency on us after handover. If your process lives in Google Sheets, we can deliver there too.
What if the scope changes mid-build?
Small changes are absorbed — that's what the scoping session is for. If the decision itself changes (a new structure, a second tranche, a different deal), we re-scope and re-quote before continuing. You'll never see a surprise invoice; that's the point of fixed pricing.
How fast can you start?
A limited number of engagements run at a time, so lead time varies from immediate to ~2 weeks. If you have a live deal with a hard date, say so on the call — deal engagements get scheduling priority.
Book your call

Tell us the decision. We'll tell you the model.

A 20-minute call to scope the work. You'll walk away with a clear plan, fixed price, and timeline.

A plan you keep, whether or not we work together
Fixed scope and price — no open-ended hourly billing
Lender-, board-, and diligence-ready output
Everything you share stays confidential

Request your call

Tell us what you're deciding and we'll come to the call prepared.

Goes straight to our inbox. We reply within one business day. By sending this you agree to our privacy policy.