construction financing

AGENT 37

Petty Officer 1st Class
Joined
Mar 2, 2007
Messages
319
Does anybody have a lender to recommend that finances new boat construction. I am hoping to have a custom aluminum boat built. Our bank approved us for the amount but not the particular boat because it must be 95% complete to write the check. How do you get to that point when working with a small operation that builds boats one at a time?
 

tashasdaddy

Honorary Moderator Emeritus
Joined
Nov 11, 2005
Messages
51,019
Re: construction financing

the builder gets the construction loan, you pay a down payment.
 
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