Post-Delivery Finance
Yacht - Private Aircraft
One way to finance the acquisition of a high-end asset such as a yacht or private aircraft is to benefit from lending programs of specific European Private Banks. This is a global wealth approach as opposed to an asset based finance program that we can also arrange. Depending on the global wealth structure, as well as future investment strategy of a client, this solution most often matches the needs of our clients.
On the other hand, as financial consultants to UHNWI for many years, we have frequently addressed the challenge of financing assets for our clients without there being the requirement for a private banking relationship. Today, and subject to fulfilling specific criteria, we are also able to advise on an asset-based programs under certain circumstances, with main securities being the asset and personal guarantee from the beneficial owner.
Lending programs with private banking relationship and asset based lending are quite different in terms of credit structuring and one does not necessarily replace the other. The client profile and project are key to determining the most appropriate tailored solution.
As a general point, OMYS Consulting is able to offer post-delivery finance programs as shown in the indicative table below. Additional information is contained within the link but further specific details can be provided upon request.
Yacht - Post-delivery Finance |
Aircraft - Post-Delivery Finance |
|
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 |
corporate guarantee or personal guarantee of the beneficial owner |
|
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 |
no collateral required
or financial collateral to be defined on a case by case basis
|
|
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 |
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 (fixed or floating) | case by case basis (fixed or floating) |
Lender |
European / US / based lenders | European / Asia based lenders |