Nikita Nigai from Arc & Co. has completed loan on a yacht with an Asian leasing institution on behalf of a Middle Eastern national.
Equity release of EUR 3.9M was secured against the 43m Superyacht for a 5-year term with a 30% balloon payment without AUM requirements. The case involves a complex legal structure due to several legal parties in four different countries. The loan size and the age of the yacht narrowed the available lending options, specifically with no assets under management.
Nikita Nigai, Head of CIS at Arc & Co. says, “This was a challenging deal to structure due to the complex legal structure, lack of AUM and the reduced lending options available, but I am very pleased to have been able to find a solution for our client.”