JetLease Capital Places Six Aircraft Deals in December 2016
FEB 2, 2017 - 7:05 am
JetLease Capital placed funding for loans on six fixed wing aircraft transactions in December 2016. The following are brief descriptions of the transactions:
New 2016 Cirrus SR22: The transaction was structured as a 20-year term, with a 20-year amortization, 80% LTV (loan to value) at an interest rate of 4.75%. The client is a small corporate borrower located in the Northeastern part of The U.S.
2008 Citation Mustang: The transaction was structured as a five-year term with a 15-year amortization, 80% LTV, at a fixed interest rate of 4.95%. The client is a high net worth individual on the West Coast of the U.S.
2000 Gulfstream G200: The transaction was structured as a five-year term with a 10-year amortization, 85% LTV at a fixed rate of 4.43%. The client is a high net worth individual.
2002 Cessna Citation CJ2: The transaction was structured as an asset based non-recourse refinancing with a 5-year term, 15-year amortization at a floating rate of 3.52%. The client is a high net worth entrepreneur located in the Southern U.S.
Two SAAB 340 Turboprop Aircraft: The transaction was a refinancing of the two SAAB’s and structured as a five-year lease purchase.
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