The project financing facility provides for interest only payments for the first five years and is then structured on a stepped amortization schedule for the remaining life of the facility.
For example, in a car financing facility, a customer enters into the first contract and leases the car from the owner (bank) at an agreed amount over a specific period.
A third-party arranger (specialised broker), who installs the financing facility takes the responsibility to pay lawyers' bills on the clients' behalf.