JetLease Capital Announces Strong December Fundings
February 02, 2017, 07:05 AM
JetLease Capital announced the company placed funding for the following loans in December 2016:
New 2016 Cirrus SR22: The transaction was structured as a 20-year term, with a 20-year amortization, 80% LTV (loan to value) at an interest rate of 4.75%. The client is a small corporate borrower located in the North-Eastern part of The United States.
2008 Citation Mustang: The transaction was structured as a 5-year term with a 15-year amortization, 80% LTV, at a fixed interest rate of 4.95%. The client is a high net worth individual on the West Coast of the United States.
2000 Gulfstream G200: The transaction was structured as a 5-year term with a 10-year amortization, 85% LTV at a fixed rate of 4.43%. The client is a high net worth individual.
2002 Cessna Citation CJ2: The transaction was structured as an Asset Based Non-Recourse Refinance. 5-year term, 15-year amortization at a floating rate of 3.52%. The client is a high net worth entrepreneur located in the Southern United States.
2 SAAB 340 Turboprop Aircraft: The transaction was a refinancing of the 2 SAAB’s and structured as a five-year lease purchase.
The company also announced Sam Harris of JetLease Capital will be a panelist at the NBAA Business Aircraft Finance, Registration & Legal Conference in Bonita Springs, FL on Monday March 6, 2017.
JetLease Capital is based at the Palm Beach International and Stuart Florida airports and specializes in corporate aircraft financing transactions including term loans, leases, and bridge loan structures for fixed wing aircraft and helicopters.