[Jstarr]

I have a Yacht deal, while i can do real estate all day yacht and planes are out of our wheel house, this is strictly an asset based deal so please dont send me a message saying "" I take a look at the File" and he's not looking for an mca, here are the details,

• 92' Choey Lee
• Needs: $350,000
• Appraised at $1.5M
• Replacement $3.6M

( Based on Lloyds of London policy )


seller is willing to part with yacht until debt is paid and possible placing the lender on the policy as loss payee. This is not a Borro or pledge cap deal and they can't do it...... so who can ?

Attachment 1654

[mcaguru]

MARLIN FINANCIAL
10700 North Kendall Drive #302 Miami, Florida 33176
www.marlincash.com
(954)687-1640

Remind me of the guy that had a Rolls Royce with perfect credit but took a title loan from a NYC Park Avenue lender for a year at 6% only catch was he had to park the car with the lender. a year later the guy came back for the car and the lender as he handed the key's said i noticed Forbes has you ranked at 1.7Billion why did you need my 100K...the man replied could not find parking for 6000 for an entire year!

[Jstarr]

LOL, Thanks marcus - Sounds just like that scenario, especially when he owns 5 others.

• 45 Magnum owned since 1992
• Cheoy Lee ( Competitive Bid)
• Ares Custom Yachts 102 aluminum MY
• 72 Princess Motor Yacht 2011
• 123 OceanFast Motor Yacht 1996
• 151 Pichiotti Motor Yacht 1983

[Jstarr]

Thank you marcus, just FYi i called marlin and they have a cap of $25k - Maybe they could use your services - sounds like they are short on cash.

[mcaguru]

Thank you marcus, just FYi i called marlin and they have a cap of $25k - Maybe they could use your services - sounds like they are short on cash.

25K these yacht owners leave that on the craps table by mistake.

[Kevin Henry-Seacoast]

JStarr,

That picture looks very familiar.

[Jstarr]

I know, I'm thinking i should get out of real estate and into planes and yachts, there isn't any competition- and when you're dealing with the higher value items there's always a buyer if the deal goes south and you have a low ltv in the deal.

especially when the borrower is willing to give up the collateral.

[I_Fund_Deals]

Is this the boat?

http://www.yachtworld.com/boats/1999...s#.WNAmlVXythE

"Current Price:US$ 1,800,000. Not for sale to US residents while in US waters"

[I_Fund_Deals]

I only ask because of the disclaimer of "Not for sale to US residents while in US waters"