Marina Finance - Lending Guidelines

We offer marina loans for acquisition, refinancing, expansion and renovation.

Our loan amounts are based on the cash flow performance of your marina, not solely on the value of the real estate. Our lending products feature:

• Loan amounts of $2 Million or more.
• Terms ranging from 5 to 7 years.
• Loan balances generally amortized over 15 to 25 years.
• Competitive fixed and floating interest rates.
• Earn-out loan options for obtaining advances beyond the initial funding amount.
• Funds for capital projects and expansions.

If you're a marina owner seeking to renovate your existing facility, acquire a new one, or improve your cash flow, you need a lender who can understand your business plan and help you achieve your goals.

Program Guidelines

Loan Types

• Acquisition loans
• Refinancing
• Capital improvement

Loan Amounts

• $2 million and up, based on the cash flow performance of your busines
• Generally, acquisitions call for a cash equity investment of 30 percent or more
• Greater flexibility is available for refinancing

Loan Terms and Amortization

• 5 to 7 years
  
• Balances amortized over 15 to 25 years.

Interest Rates

• Floating and fixed options are available.

Earn-out Loans

Structured as an initial amount at closing, plus an "earn-out" of one or more future advances based on facility performance or other criteria