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  • Home
  • Marine Services
    • Consulting Services
    • Build / Lease Program
    • Construction Financing >
      • Jensen / Nautica
      • Vessel Build Program
      • Milestone Schedule
      • Loan Proposal
      • Lease Proposal
      • Public Private Partnerships
      • Funding Process
    • Loan and Lease Options
    • Recent Vessels Financed
    • Vessel Brokerage
    • Clients
  • Our Team
  • Contact
  • Energy Sector
    • Insurance Diagram >
      • Loan Structure
      • Funding Process
    • Risk
  • Capital Sources
  • Environmental Portfolio
  • RECENT PROJECTS
Structured Financing with Insurance Guaranty

Advantages/Benefits:
- Long term amortization (20-years) on completed vessel.
- Reduced cash payment required at start-up: (_%)
- Blended rate, including construction, closing fees and term: (___%)
- No Residual Value Insurance required for FMV residual:  full payout
- EBO: at the end of eight-years, monthly EBO after that with no pre-payment penalties
- Rate reset every five-years
            * Step down payment at end of year-five
- No Bond or LC required during construction
- Credit enhances balance sheet “lower risk = higher yield”

Insurance Summary:
Lender Risk Insurance – “A Rated Insurer”
  • All Risk Insurance plus Principal and Interest Rider
  • Insurance Policy tailored to match Lender's loan documents
  • The cost of insurance is determined during the underwriting process​

Agreement between Lender and Insurer:
  • Lender accrues 6-12 months interest payments
  • Insurer notified if funds are used from escrow.
    • Insurer has 5-months to rectify the problem
  • After 6-months payment deficiency the insurer will bring escrow back to 6-12 months payments
  • If there is a catastrophic loss, Insurer will pay Lender the remaining principal and interest.

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