Mortgage Loans

  • Type of financing: amortizing loan
  • Borrower: special purpose vehicles to be set up
  • Main purpose: to finance VAT paid yachts (used ones for example) or zero VAT cases (charter or extra UE use)
  • Amount financed: up to 80% of the boat value, or 100% with pledge on a partial amount of money (conservative portfolio)
  • Term: up to 10 years
  • Guarantee: first priority marine mortgage on the financed yacht and personal guarantee of the beneficial owner
  • Port of registry (flag and mortgage): most of the main registers are accepted
  • Interest rate: indexed Euribor plus margin to agree, or fixed rate