The Florida-based company assisted clients in a “wide variety” of transactions, with funding for jets, turboprops, pistons, helicopters and yachts.

Demand for loans is still strong in light, midsize and large cabin jets despite higher prices for used aircraft and a higher interest rate environment, according to company president Sam Harris.

But he said that loan demand generally in aviation is down.

A number of aviation and marine lenders tightened their credit requirements or stopped lending altogether in 2023, but JetLoan Capital says its “large and diverse” lending group enabled it to have a “productive” year.

JetLoan Capital assists clients through its network of more than 150 banks, credit unions, finance companies and private equity funding sources.

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JetLoan Capital experienced continued growth in 2018 with 70 closed transactions and over $100,000,000 in funded loans. The aircraft finance company with 25 years of industry experience and over $2 billion in funded aircraft continues to be active in small, mid cabin and large cabin jets.

In addition, JetLoan Capital started a general aviation financing programme in 2018 funding transactions through a unique group of banks and credit unions specialising in smaller loan amounts including piston and turbo prop aircraft.

The year concluded very strong for JetLoan Capital in December, closing 10 aircraft loan transactions. December jet transactions consisted of a Falcon 2000 LXS and a Pilatus PC-24. The general aviation transactions consisted of two Pilatus PC-12’s, a King Air 300, a Piper M500, three Cirrus aircraft and a Piper Seneca.

JetLoan Capital is an independent aviation financial brokerage firm assisting aircraft owners with financing and refinancing jet, turboprop, piston aircraft, helicopters and commercial aircraft. JetLoan Capital’s group of over 100 banks, leasing companies, and private equity funding sources ensure competitive terms.

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Michael’s studies include a bachelor’s degree from Flagler College in Saint Augustine, Florida where he focused in Business, Marketing, Finance and Law. He strives to combine his passion for the aviation industry with a successful business career. Michael dedicated his childhood to the Boy Scouts of America and his journey to Eagle Scout included frequent volunteer work, and involvement in the community.

Michael was born and raised in Horsham, Pennsylvania until his family relocated to Jensen Beach, Florida. Michael enjoys spending his time fishing, boating, and flying airplanes.

JetLoan Capital is an independent aviation financial brokerage firm assisting aircraft owners with financing and refinancing jet, turboprop, piston aircraft, helicopters and commercial aircraft through their group of over 100 banks, leasing companies, and private equity funding sources.

The post Michael Thompson joins JetLoan Capital appeared first on Corporate Jet Investor.

The transactions are as follows:

The refinancing of a Cessna Citation X built in 2002 with an interest rate of 5.07%, 42-month term, and 144-month amortisation for a client who uses the plane in a Part 135 operation.

An acquisition financing for a Bombardier Learjet 60 built in 2001 with a Loan To Value (LTV) of 75%, with a 5-year term, and a 15-year amortisation for a high net worth client located in the southeast US.

The refinancing for a Bell Helicopter with an LTV of 75%, interest rate of 4.24%, and a 240-month term for a high net worth client in southeast US.

Another acquisition financing for a new Cirrus SR22T, 80% LTV, interest rate of 4.24% and a 240-month term for a high net worth client in the southeast US.

Andfinally another acquisition financing for a 1982 Cessna 340A with an LTV of 85%, 240-month term, and an interest rate of 4.99 % for a high net worth client located in the northeast US.

JetLoan Capital is an independent aviation financial brokerage firm assisting aircraft owners with financing and refinancing jet, turboprop, piston aircraft, helicopters and commercial aircraft through their group of over 150 banks, leasing companies, and private equity funding sources.

What JetLoan Capital clients say:

On a recent Bell Helicopter deal, D. Dyke said: “JetLoan Capital did a great job and the rate and terms are super, wished all my banking was as easy as this deal was.

JetLoan Capital is headquartered at Witham Field Airport in Stuart, Florida.

The post JetLoan Capital completes five deals in March 2018 appeared first on Corporate Jet Investor.

“So, since SWAPs have moved up, the lender has to raise the fixed rate offering to maintain the same spread. Depending on the size of the loan, fixed interest rates are moving into the 4.50-5.0% range. We have not seen aircraft borrowing rates this high in years, and most people believe that interest rates are going higher from here. If you have a maturing aircraft loan, it may be better to refinance it now (if you can do so without a pre-payment penalty) than to wait.”

JetLoan Capital have been busy and have completed three business aviation aircraft deals in the past few weeks.

The first transaction is for a 1996 built Gulfstream GIVSP at 75% Loan To Value (LTV), 5-Year Term with a 20-Year Amortization at a Fixed Rate of 4.5% for a Southeast US based client.

The second is a 2010 built Beechcraft Baron G58 for a South US client at 80% LTV, 5-Year Term with 15-Year Amortization and Fixed Rate 4.8%.

The third is a 2009 built Embraer Phenom 100 for a high net worth individual located in Western US. The terms are 75% LTV, 60-Month Term, with a 96-Month Amortization and a Fixed Rate 4.84%.

Finally, a Falcon 900 client describes working with Melanie Malanowski, Operations Manager at JetLoan Capital in closing a deal: “Not only are you the epitome of efficiency, and a pleasure to work with, but you also rock!”  says Walter and his assistant Janice.

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The new company is based at Witham Field Airport in Stuart, Florida.

Harris will be joined by Melanie Malanowski who will head up operations.

The company is an independent aviation financial brokerage firm assisting aircraft owners with financing and refinancing jet, turboprop, piston aircraft, and helicopters through their group of over 100 banks, leasing companies, and private equity funding sources.

The post Sam Harris launches new aviation finance company appeared first on Corporate Jet Investor.