Craig McMahon.
While insurance companies and other financiers worldwide have excluded Covid-19 from their policies, Melbourne-based Elevate Production Finance (Epf) is stepping into the breach.
Backed by Australian and international institutions and private equity, Epf is prepared to immediately provide debt funding to film and television productions in Australia and New Zealand despite the pandemic.
Managing director Craig McMahon, who founded Epf in 2018, tells If: “We have the ability to take on a significant amount of work. We are excited to re-open our doors to producers seeking debt finance for their productions.
“The landscape has significantly changed, producers have had to adjust to new working environments and as a lender, we have responded swiftly by reviewing our lending protocols.
“These new protocols will enable us to consider projects impacted by the lack of Covid-19 coverage within insurance policies and completion guarantees, which is a crucial first step in redefining our lending conditions.
While insurance companies and other financiers worldwide have excluded Covid-19 from their policies, Melbourne-based Elevate Production Finance (Epf) is stepping into the breach.
Backed by Australian and international institutions and private equity, Epf is prepared to immediately provide debt funding to film and television productions in Australia and New Zealand despite the pandemic.
Managing director Craig McMahon, who founded Epf in 2018, tells If: “We have the ability to take on a significant amount of work. We are excited to re-open our doors to producers seeking debt finance for their productions.
“The landscape has significantly changed, producers have had to adjust to new working environments and as a lender, we have responded swiftly by reviewing our lending protocols.
“These new protocols will enable us to consider projects impacted by the lack of Covid-19 coverage within insurance policies and completion guarantees, which is a crucial first step in redefining our lending conditions.
- 6/9/2020
- by The IF Team
- IF.com.au
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