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Old 03-31-2010, 03:25 PM
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Default Performance Boat Financing

Been looking at financing for an Outerlimits, Bank just bounced back a 20% debt to income ratio requirement, including the boat loan. Another slam on the performance boat industry. Anyone getting loans with the old 40% requirement? And from Who?
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Old 03-31-2010, 03:55 PM
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Try this guy - he did a great job for me and they are financing!

Jason Fox
Coastal Financial
1157 South Shore Dr.
Holland, MI 49423

p. 616.494.2628
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Old 03-31-2010, 05:11 PM
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Here is another great guy to try:

Bill Grambo
Great Lakes National
586-773-5533
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Old 03-31-2010, 08:31 PM
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I will give them a try.
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Old 04-17-2010, 06:11 PM
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Any updates Hydro? We are having trouble ourselves.
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Old 04-27-2010, 11:00 AM
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No luck, just let the boat go. Started looking all over again.
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Old 04-27-2010, 11:24 AM
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Call Dave Patnaude at Essex
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Old 04-27-2010, 11:30 AM
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Try Kyle at New Coast Financial (727-741-8150) or Donna Ryan at Essex (713-819-0955). Good luck!
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Old 05-11-2010, 09:58 PM
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Essex is not good for a cat, I just tried to do a $50k loan on a 2005 eliminator with an ilmore, they value the boat at $50k and will only loan 45k of that at 7.99%. I have a 800 fica and no debt.

I am shopping for a loan
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Old 05-12-2010, 09:39 PM
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We got our deal financed through Key Bank. We got the terms and cash that we wanted but the rate was not great! It is wicked to get financed right now. Best of luck to you.
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