Preferred Limited Partnership

GE Energy Financial Services provides non-recourse PLP financing to clients that cannot use the tax efficiencies of lease financing.

Preferred payments are scheduled like rent or debt service and are senior to distributions to the general partner.

After the Limited Partner has received its negotiated return, the L.P. "flips" to a negotiated residual interest sharing percentage. The General Partner is required to invest approximately 5 percent of the capital needed in the partnership, which has equal standing with the 95 percent preferred interest.