Yacht Financing

Comerica Wealth Management provides customized financing solutions for yachts based on our extensive industry experience.  Our holistic approach takes into consideration the numerous factors involved in selecting a financing solution that best meets the needs of our clients, including tax, cash flow, financial reporting, and operational considerations.

Yacht Industry Knowledge and Lending Expertise:

  • Extensive yacht brokerage contacts which can be leveraged to assist our clients with finding the right yacht.
  • Numerous relationships with maritime attorneys, adding educational value and efficiency to the prospective client underwriting experience.
  • Thorough understanding of the operating costs involved in owning a yacht and its impact to the clients’ overall cash flow.

Financing Capabilities:

  • Yacht acquisition and refinancing
  • Up to 7-year term loans with 20-year amortization
  • Personal recourse is required
  • Credit cards for yacht operating costs

 

Comerica Wealth Management

Since 1849, Comerica has been raising the expectations of what a bank can be by delivering a higher level of wealth management that nurtures lifelong relationships with unwavering integrity and financial prudence to help meet the needs of our clients.

Comerica's comprehensive, team-based approach to wealth management is designed to bring your full financial picture together, allowing us to provide first-class expertise, tailored solutions and personalized service to help you accomplish your goals.

From legacy planning to wealth preservation, asset management to specialized financing, our team of dedicated advisors, planners and strategists works hand in hand to create a balanced road map for your financial future.

  • Wealth Planning          
  • Investment Strategy
  • Trust Advisory
  • Private Banking
  • Retirement Services
  • Comerica Securities, Inc.
  • Comerica Insurance Services
  • Institutional Trust

For more information contact your local Comerica Wealth Advisor, comerica.com/wealthoffice.