Yacht Loans

Expertise in yacht lending.

With over 30 years' experience in the yacht financing market, James Velez, Radius Bank’s Senior Vice President of Yacht Lending, has the experience and background to help you obtain financing for your yacht.

YACHT PROGRAM OVERVIEW

  • Fixed rate, adjustable rate, and interest-only financing options available
  • Maximum vessel age is 20 years
  • Flexible loan terms available
  • Down payment amount varies based on loan amount
  • Foreign vessel registration available
  • Performance boats, wooden vessels and liveaboards are not eligible for financing


APPLYING FOR A YACHT LOAN

Please complete a Radius Bank Yacht Loan Application and Personal Financial Statement to be considered for financing.

OBTAINING AN APPLICATION 

To obtain an application and additional documents, please contact James Velez:

  • Email: jvelez@radiusbank.com*
  • Phone: 954.557.5148

SUBMITTING AN APPLICATION

To expedite the process, please submit the following documentation with your application:

  • Copies of your last two years' personal tax returns (include all schedules)
  • Copies of verification of current year-to-date income
  • If self-employed, copies of your last two years' corporate tax returns (including all schedules and K-1's) and a year-to-date business financial statement
  • Copies of bank and/or brokerage statements verifying personal liquid assets
  • Copy of purchase agreement on vessel (if available)

Please submit your completed Yacht Loan Application, Personal Financial Statement and the documents listed above via one of the two methods listed below.

Fax:

617.443.0287

Mail:

Radius Bank
Attn: Credit Administration
One Harbor Street
Suite 201
Boston, MA 02210

Online:

Upload files securely to Jim Velez using our online system:

Upload files


ADDITIONAL SERVICES

Radius Bank offers a wide range of financial products and services. In addition to Yacht Loans, we also offer financial planning and other personal services such as:

 

To learn more about our Yacht Lending program or other services we can provide to ensure that your financial future is secure, contact James Velez.

  • Email: jvelez@radiusbank.com*
  • Phone: 954.557.5148


 
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