Chris Craft Yachts

Does anyone know the criteria for a "capital flight" cash loan in a boat loan?

Let's clear our own yacht next year and free. We heard about you can get loans against their boat for improvements? Does anyone know how? What is the criterion for example. Credit scores, income? Our boat is a 1961 Chris Craft. How do these loans? Do you have to supply with evidence of improvements or estimates? I tried to contact some companies that are online, but of course it won 't reply to your emails electronic.

You are the best starting with the lender already has a relationship with - you're paying now. If your payment history is good, then and may be happy to extend his current loan, or negotiating a refinancing agreement. The current market is very difficult for borrowers, but be careful to enter in a loan that is open ended. Financial intermediaries may be useful, but there are no suspects. Either way does not only apply for funding all over the place, as each application can be submitted as a credit check, and make you look desperate. You should discuss with a trusted advisor, as your accountant or manager of the bank's long-term, what are your options, and ramifications of any loan you choose to go. A significant improvement in capital assets is legitimate, but their (good) financial history will be the main way to get a loan, regardless of the merits of the project. Be careful. Good luck.

Christina 1953 ChrisCraft 52' pilothouse motor-yacht