Thursday, February 2, 2017
JetLease Capital Places Six Aircraft Deals in December 2016
JetLease Capital placed funding for loans on six fixed wing aircraft transactions in December 2016. The following are brief descriptions of the transactions:
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 northeastern part of the United States.
2008 Citation Mustang: The transaction was structured as a five-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 five-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 refinancing with a 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.
Two SAAB 340 Turboprop Aircraft: The transaction was a refinancing of the two SAAB’s and structured as a five-year lease purchase.
Original article can be found here: http://www.monitordaily.com
Posted by Kathryn on 8:46:00 AM