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Real Estate & Infra sector · BTS warehouses, 3PL, ports

Debt advisory for Logistics & Warehousing.

LRD on built-to-suit warehouses leased to 3PL / e-commerce tenants on long-term leases, working capital for 3PL operators, and EXIM finance for port-linked logistics. Active across Bhiwandi, Sohna-Manesar, Hosur, Hyderabad logistics belts.

₹100 Cr+ mandates Long-lease BTS warehouses 3PL operating cycle finance
WORKING CAPITAL TERM LOANS PROJECT FINANCE STRUCTURED DEBT ECB NCD REAL ESTATE & INFRA LOGISTICS & WAREHOUSING SECTOR

How does BIG LOANS work with logistics businesses?

BIG LOANS arranges ₹100 crore-and-above debt for Indian logistics — across BTS (built-to-suit) warehousing with long-term leases to 3PL/e-commerce tenants, 3PL operators with working capital needs aligned to extended customer payment cycles, port-linked logistics (freight forwarding, EXIM, CFS/ICD), and cold chain infrastructure. Most common products: LRD on BTS warehouses (often 10+10 year leases, attractive pricing); construction finance for greenfield warehousing parks; and working capital for 3PL operators.

Section 01 — Logistics & Warehousing debt landscape

Asset-light operations, asset-heavy infrastructure.

Indian logistics splits into two debt-structuring patterns: asset-heavy infrastructure (warehouses, cold chain, ICD/CFS, terminals) which is financed like real estate (construction finance, LRD post-COD); and asset-light operations (3PL, freight forwarding, last-mile delivery) which is financed like a service business with working-capital-heavy structures.

BTS (built-to-suit) warehousing has emerged as one of the strongest LRD opportunities — typically 10+10 year leases to anchor tenants (Amazon, Flipkart, DHL, Blue Dart, large 3PL operators like Mahindra Logistics), with stable rental escalation. Pricing is typically tighter than office LRD by 25-50 bps due to longer base lease and stronger tenant covenant.

Logistics GDP
~13%
Warehousing growth
High
BTS lease tenor
10+10 years
E-commerce share
Growing
Lender appetite
Strong for BTS
Section 02 — Common funding situations

When logistics & warehousing businesses approach us.

Common funding situations across logistics & warehousing.

01

BTS warehouse LRD

Built-to-suit warehouse with 10+10 year lease to e-commerce or 3PL anchor tenant. LRD at 80-90% of net rentals.

02

Warehousing park construction

Greenfield warehousing park development (50-500 acres). Construction finance ₹100-800 Cr, often phased.

03

3PL working capital

Working capital for 3PL operators managing customer credit cycles. Often consortium for ₹100-300 Cr.

04

Cold chain capex

Greenfield cold chain warehouses, multi-temperature facilities, last-mile cold infrastructure.

05

Port / ICD development

Inland Container Depot, Container Freight Station construction with concession-based revenue.

06

EXIM finance

Working capital for freight forwarders and EXIM businesses — packing credit, post-shipment, LC.

Section 03 — Best-fit products

Products that fit logistics & warehousing.

Logistics combines real estate-style (LRD, construction finance) with services-style (working capital).

Section 04 — Lender appetite

Strong appetite for BTS warehousing.

Logistics & warehousing has strong lender appetite, particularly for BTS warehousing with anchor tenants.

01

Real-estate NBFCs

HDFC Capital, Piramal, Kotak RE — anchor lenders for warehousing park construction finance and BTS LRD.

02

Private banks

HDFC, ICICI, Axis, Kotak — competitive for BTS warehouse LRD with tier-1 tenants (Amazon, Flipkart, DHL).

03

AIF credit funds

Brookfield India, Apollo, KKR — strategic lenders for large warehousing developers (IndoSpace, ESR India, Welspun One).

04

Foreign banks

StanChart, HSBC, DBS — active for international 3PL operators and large EXIM businesses.

05

PSU banks (limited)

Selective participation in larger BTS LRD and port project finance.

Section 05 — Our process

How logistics & warehousing mandates close.

Same 5-stage process for any large-ticket corporate debt mandate, applied to logistics & warehousing specifics.

01

Discovery & sector diagnostic

NDA, then a short call to understand the business model, key financial drivers, capital need. Sector-specific risk factors mapped early.

Week 1
02

Structuring & lender shortlist

Optimal facility mix, tenor, security. Lender shortlist tuned to sector appetite — banks for vanilla, NBFCs / AIFs for specialty structures.

Week 2 – 3
03

IM + lender outreach

Sector-grade Information Memorandum, financial model, market analysis. Pitched to shortlisted lenders in parallel.

Week 3 – 8
04

Competing term sheets & sanction

Multiple sanctions negotiated in parallel on pricing, covenants, security. Final lender(s) selected.

Week 8 – 12
05

Documentation & drawdown

Loan agreement, security creation, CPs satisfied, drawdown. Sector-specific compliances (RERA, FEMA, SEBI, etc.) handled along the way.

Week 12 – 16
Section 06 — FAQ

Logistics & Warehousing debt — FAQs.

Typically 25-50 bps tighter pricing than equivalent-tenancy office LRD, because: (a) base lease is longer (10+10 vs 5-9 years for office), (b) tenant covenant for anchor e-commerce / 3PL operators is strong, (c) lock-in periods are longer.
IndoSpace (Everstone Group + GLP), ESR India, Welspun One Logistics Parks, Mahindra Logistics, Embassy Industrial Parks, NDR Warehousing — these are the main Indian aggregators of institutional-grade warehouse assets.
Yes — 3PL has shorter inventory cycle but longer receivable cycle (customers like e-commerce companies pay 30-90 days). Working-capital MPBF is mostly debtor-driven, sometimes with significant warehousing infrastructure as fixed-asset collateral.
Yes — port and ICD concessions are structured like infrastructure project finance: long tenor (15-20 years), concession-based revenue, multilateral co-financing common. Lender universe overlaps with infrastructure NBFCs.
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BIG LOANS is the trade name of [Legal Entity Pvt. Ltd.], CIN: [xxx], registered at [address]. BIG LOANS is a debt advisory and loan facilitation firm. It is not a bank, NBFC or any other lending institution registered with the Reserve Bank of India, does not accept public deposits, does not lend money on its own books, and does not issue any loan, credit facility or financial product directly. All loans, limits and credit facilities are sanctioned, disbursed and serviced solely by the relevant banks, NBFCs, AIFs and other regulated lenders, in accordance with their internal policies and applicable RBI / SEBI / IRDAI guidelines. BIG LOANS is empanelled as a Direct Selling Agent / Channel Partner with various banks and NBFCs and may earn sourcing fees from such lenders for successful disbursements. Any borrower fees are governed exclusively by a written engagement letter. Information on this website is general in nature and not financial, legal or tax advice. Please consult your CA / advocate before acting.

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