Construction Finance

Yacht - Private Aircraft

Building a yacht or aircraft is an experience involving many complex matters which must be handled with professionalism and competence.

This is especially relevant with the financing of the building process as it can be quite challenging for the lenders to understand when not competently handled and explained. At OMYS Consulting, we are able to advise clients in relation to construction finance problematics, and using our tailored approach allow them to access a panel of hand-selected banking partners in order to choose the lender best suited for their project.

Some future owners prefer to secure funding of their acquisition in the early stages. We highly recommend this approach as it allows to anticipate potential hurdles.
OMYS Consulting is able to offer construction finance programs tailored to the client and their asset profile, within the outlines shown here below and in the guide attached. Further specific details can be provided upon request.

 

 

Yacht Construction Finance

 Aircraft Construction Finance
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Eligible Asstes 1st class shipyards 1st class builders
Type of Loan

mortgage loan

or

asset based finance

mortgage loan

or

asset based finance
Main Security 1st priority mortgage over the yacht 1st priority mortgage over the aircraft
personal guarantee of the beneficial owner

personal guarantee of the beneficial owner

and/or

corporate guarantee

 

financial collateral to be defined on a case by case basis, roughly 30% of the Loan Amount

or

no collateral required in case of asset based finance

financial collateral to be defined on a case by case basis

or

no collateral required in case of asset based finance
refund guarantee during construction refund guarantee during construction
Repayment

up to 7 years

full amortization

or

partial amortization + balloon at the loan term

up to 5 years, renewable once

full amortization

or

partial amortization + balloon at the loan term
interest only during construction interest only during construction
possibility of annual capital repayment, 1st repayment 12 months only after delivery                                                           monthly or quarterly capital repayment, depending on the lender
Loan to value ratio up to 75% up to 70%
Funding EUR / USD EUR / USD
Interest margin case by case basis (floating or fixed)
 case by case basis (floating or fixed)
Lender              
European / US based lenders European / Asia based lenders