To help achieve your yacht ownership goal, the specialists at U.S. Trust draw upon three strengths: in-depth knowledge of the marine industry, expertise in wealth management and the extensive resources of a leading financial institution.
A yacht is an extraordinary purchase — one that requires considerable expertise in both the acquisition and financing processes. Whether you're searching for the right craft, constructing a new one or having your current yacht refitted, the marine division at U.S. Trust can help achieve your objectives with a credit solution aligned with your ownership structure and cash flow. We have helped hundreds of individuals acquire substantial vessels and offer you the benefits of this experience and expertise.
Working with the marine finance specialists at U.S. Trust, you can benefit from:
- In-depth knowledge of the industry
- Financing solutions designed around your needs
- All the resources of one of the world's most respected financial institutions
CONSULTATION AND GUIDANCE
Our marine specialists are singularly focused and seasoned veterans in the yacht business. They average more than 15 years of experience in both customized yacht financing and addressing the intricacies of the purchasing process. We know the key players in the market, including builders, brokers and surveyors, as well as legal, insurance and other industry professionals. And we have an in-depth knowledge of the product offerings in the yacht market.
We work as your specialized consultant to guide you through the process of purchasing and owning your yacht. We understand that buying a yacht should be a pleasure, and we want to provide seamless facilitation during your buying experience.
A resource for first-time buyers — Our specialists will walk you through the process, from registration, tax and insurance issues to ownership and loan structures. Where appropriate, we will refer you to the right industry professionals who can provide you with the advice you will need to make informed decisions on these important issues.
We also can pass on valuable insights we have gained from helping other clients. These insights can help you decide whether to buy an existing yacht or construct a new one, if you should offer your yacht for charter, and how to handle crew issues.
Structuring an appropriate loan — Just as a yacht reflects your lifestyle, so should its financing structure. Our specialists will talk with you about your unique financial needs to help determine a loan structure that works for you. With repayment options, loan terms and amortization schedules, we offer considerable flexibility in how to structure credit. Alternatives can be simple or more sophisticated, such as incorporating an interest rate swap as a risk management strategy or implementing a currency hedging strategy for your foreign construction project.1
Registering your yacht — Many of our clients choose to register their yachts in a foreign jurisdiction. The reasons are many and include tax considerations and crew hiring and estate planning issues. Our goal is to help ensure that you have all the information you need to make the decision that best fits your needs.
Building a custom yacht versus buying a completed yacht — Construction projects require an added level of expertise and knowledge, which few lending institutions possess. We provide construction financing for many of our clients, and will be able to share multiple perspectives with you based upon our knowledge and years of experience working with clients, shipyards, surveyors and brokers.
At U.S. Trust, our marine specialists have worked with clients on projects in the United States and abroad. We've visited many shipyards, so we have a firsthand understanding of the construction process and special considerations involved in building a custom yacht. We've participated in projects ranging from small in size to very large, multimillion-dollar projects. We also can provide guidance on managing currency risk, offering solutions such as multicurrency loans or currency forwards that enable you to match the purchase of the local currency to your milestone payments.
THE PROVEN RESOURCES OF A LEADER
In addition to customized marine financing, U.S. Trust delivers access to a broad array of credit capabilities and a depth of resources and expertise that few financial institutions can match. The critical dimension we bring to this relationship is a high level of personal service, because you work with one knowledgeable specialist who seeks to ensure that your credit strategy effectively complements the rest of your wealth management plan.
Our marine financing product offerings include traditional term loans for the purchase of new or preowned yachts, refit loans, bridge loans and construction loans. We work with you to provide a loan structure that is specific to your financial situation.
MANAGING YOUR WORTH WITH U.S. Trust
Your wealth is not measured by numbers alone, but by the extraordinary opportunities and complex challenges that define your life. At U.S. Trust, we apply our deep insight and broad expertise to help you make the most of the things that matter most to you.
We begin by listening to you, getting to know you and learning from you. Then we build a plan that aligns with your personal values, family goals and business interests.
Together, we address the dimensions of your worth today and of the legacy you're building for future generations.
¹Hedging strategies can result in higher return potential but also higher loss potential. Prospective investors are required to meet certain qualifications and acknowledge that they understand the risks associated with certain hedging strategies may not be suitable for all investors.