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Custom Boat Bank Lenders?

Old 01-24-2012, 02:18 AM
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Default Custom Boat Bank Lenders?

Can anyone give me a bank name that will work with customers on a non NADA listed boat? Boat is a 2012, brand new. Have only found ONE lender but they want the boat 100% finished and ready for an appraiser to verify HIN, trailer and motor VIN before a check is cut. Of course the broker doesn't want to build a custom boat to a customers specific specs unless it's nearly paid for...
Old 01-24-2012, 03:20 AM
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Originally Posted by Ludicrous View Post
Can anyone give me a bank name that will work with customers on a non NADA listed boat? Boat is a 2012, brand new. Have only found ONE lender but they want the boat 100% finished and ready for an appraiser to verify HIN, trailer and motor VIN before a check is cut. Of course the broker doesn't want to build a custom boat to a customers specific specs unless it's nearly paid for...
I'll give you two, with phone numbers, later on when I get to the office.

Will you be taking pictures in MIA this year?
Old 01-24-2012, 03:23 AM
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Ludi,

Start dialling:

http://www.marinebankers.org/index.p...id=2&Itemid=10


So, what are you having built?


Big Al
Old 01-24-2012, 04:46 AM
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Boat is an all black 2012 21' Stroker with a 300xs.

My old green and white Stroker with two other Strokers:


So after I secure financing I'll also need to find an insurance company that will insure a 100+ mph 21' boat in Florida. Lol. Thanks Mike. I will make some calls when I get those numbers.
Old 01-24-2012, 05:17 AM
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Originally Posted by Ludicrous View Post
Boat is an all black 2012 21' Stroker with a 300xs.

My old green and white Stroker with two other Strokers:


So after I secure financing I'll also need to find an insurance company that will insure a 100+ mph 21' boat in Florida. Lol. Thanks Mike. I will make some calls when I get those numbers.
I'll hook you up with an insurance contact also.
Old 01-24-2012, 05:22 AM
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Thanks Mike. I may be able to make MBS but just for one day this year. Wife just had the twins 4 weeks ago so I have other priorities now!
Old 01-24-2012, 06:29 AM
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I was in your exact position a year ago when I was trying to finance my Aeon since it's not listed in the NADA. I got jerked around a few times by other boat lenders until I found Steven at Seacoast. Once Steven was on the job it took less then a week to approve the loan and start construction on my boat.


Steven R. Donnell
Seacoast Marine Finance
1800 SE 10th Ave., Suite 315
Fort Lauderdale, FL 33316
(954) 675-7195 cell
(954) 630-3345 fax
(877) 916-2326 office
www.seacoastmarine.net
Old 01-24-2012, 07:56 AM
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Originally Posted by Ludicrous View Post
Boat is an all black 2012 21' Stroker with a 300xs.

My old green and white Stroker with two other Strokers:


So after I secure financing I'll also need to find an insurance company that will insure a 100+ mph 21' boat in Florida. Lol. Thanks Mike. I will make some calls when I get those numbers.
Nice

I spent a bit of time with some Allison's. While I love the speed, the offshore fishing held more attraction for me, even way back then.

If you can find a good photographer, get him to take some pics when that thing get's delivered.


Big Al
Old 01-24-2012, 08:51 AM
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Default Give these a try

Recreational Capital
(800) 339-0121
Dave or Deanna

Fausto
(305) 777-9007
This number is his dealership number.

Either can help with the financing.
I've used both for years.

Biggest Marine Insurer, Fla
Primarily Commercial, but can do individual as well
mcarrigan@w3ins.com
(727) 522-7777 ext 168

Dont hold the name against him.
He's one of the very few ins guys that has 25 years experiance in the boat business, knows his stuff. He's commercial primarily, but can probobly help.

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