"The bigger problem now is not finding the client, it's finding the leasing for the client..."
Fabrizio Politi told the Reuters Luxury Summit in London
>> Interview published on Reuters UK
MANGUSTA YACHT CHARTER
Luxury Mangusta 92, up to 12 guests, from euro 7,500 until 1st May, 2013
Showing posts with label Yacht financing. Show all posts
Showing posts with label Yacht financing. Show all posts
Thursday, June 11, 2009
Friday, January 30, 2009
The Superyacht Vs the Real Estate financing question
Knowing that the rising defaults by affluent homeowners are raising, one can reasonably wonder if the same could happen with yacht financing...
According to Ciris Capital BV "...what we have seen over the last six to eight months is that all banks continue to claim that they are open for new business and have received no internal instructions to do otherwise. The only change that they publicly admit to is that turnaround times are a little longer"
Banks and Investors Face 'Jumbo' Threat
The Wall Street Journal
"Rising defaults by affluent homeowners are raising the specter of another cloud over banks and investors, which could get stuck with thousands of expensive homes.
About 6.9% of prime "jumbo" loans were at least 90 days delinquent in December, according to LPS Applied Analytics, a mortgage-data research firm. The rate was up sharply from 2.6% a year earlier. In comparison, delinquencies of non-jumbo prime loans that qualify for backing by government agencies climbed to 2.1% from 0.8% in December 2007.
Jumbo mortgages average about $750,000 and can run as high as $5 million or more..."
According to Ciris Capital BV "...what we have seen over the last six to eight months is that all banks continue to claim that they are open for new business and have received no internal instructions to do otherwise. The only change that they publicly admit to is that turnaround times are a little longer"
Banks and Investors Face 'Jumbo' Threat
The Wall Street Journal
"Rising defaults by affluent homeowners are raising the specter of another cloud over banks and investors, which could get stuck with thousands of expensive homes.
About 6.9% of prime "jumbo" loans were at least 90 days delinquent in December, according to LPS Applied Analytics, a mortgage-data research firm. The rate was up sharply from 2.6% a year earlier. In comparison, delinquencies of non-jumbo prime loans that qualify for backing by government agencies climbed to 2.1% from 0.8% in December 2007.
Jumbo mortgages average about $750,000 and can run as high as $5 million or more..."
Subscribe to:
Posts (Atom)