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Sunday, 29 July 2007 |
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The borrower is usually a special purpose company and a personal guarantee from the beneficial owner will always be required.
Amount: Generally lending minimum of US$1 million and a maximum of US$10 million. Larger loans will be considered in exceptional circumstances.
Loan to Value: 60% of market value, as assessed by independent valuers reporting to the Bank.
Term: The loan term may be of up to seven years.
Repayment: A suitable repayment profile will be discussed and agreed with the client. Depending on the loan term and the loan to value, structures involving capital holidays and/or balloon payments are available.
Purpose: Lending to finance new or second hand purchases, refits or new builds, or simply to provide general liquidity to the client.
Security: Standard marine finance security package including a marine mortgage and assignment of insurances will be arranged.
We focus on a client’s financial stability and ability to service and repay the loan. We appreciate that financial structures will often be complex and we work with the client to ensure that the due diligence process is as speedy and straightforward as possible.
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Yacht Finance 
