Loans on older boats

[harbormaster]

Anyone every hear of a boat reconstruction loan?
I am looking ot borrow some money to complete the '91 31ft Scarab.

Any boatloan bankers out there?

[harbormaster]

Hows about someone with some experience in this area? MOP I think Boat US does with a good survey. Anyone you know of?

[MOP]

Scott can you find a friendly surveyor to value the boat as if it were together? The finace companies look for a valuation survey. If you can pull that off I or most can find you money. One of the best sources I will E-Mail. Lets do this one off the site. Watch for mail!

Phil

[tailwind]

Hi Scott:Hope everything is indeed going youre way! Anyway, here is the scoop:

Although, our immediate recession woes may be behind us overall, Youre best bet on this loan will be : home equity. Assuming that you have paid off your home morgage, and do indeed have a clear and free property title, you will be able to achieve a loan at the rate of perhaps 2.5 to 3.5 % period.

Being in the aerospace business, with credit, this will be the absolute maximum interest rate, With a little fine tuning, within, we could realistically reduce the rate to perhaps 2%.

Best regards,
Randy