May 08, 2017
Financing a new boat for a charter vessel business proved more complicated than expected for Richard Walter, owner of Whitsunday Getaways. Luckily, he partnered with Mortgage Choice to finance the deal.
When it came to funding a new vessel for our charter business, I went straight to my Mortgage Choice broker to ask about finance possibilities. I had used Mortgage Choice for my home loan so I was aware my broker could also help with asset financing.
My Mortgage Choice broker was very thorough. He is extremely knowledgeable when it comes to asset finance, and he’s a straight talker so I knew exactly where I stood at every stage.
We were able to secure loan finance for a fairly unique situation. The boat was initially located in Tahiti and the bank wouldn’t settle on finance while the vessel was outside Australian waters. My Mortgage Choice broker worked hard to secure temporary funding until the boat arrived in Australia, and from there we switched to more permanent finance. I’m very happy with the terms, and the rate the business is paying is competitive.
I’d definitely recommend Mortgage Choice for asset finance. Our broker really went the extra mile to get the job done for us.