Marine Financing
Yacht Financing
Financing for yachts from 25 to 100 feet, with loans from $200,000 to $5,000,000. Flexible 50–75% loan-to-value — and if the vessel alone isn't enough, we accept real estate as additional collateral to get the deal done.
- ✓$200K–$5M loans
- ✓25'–100' vessels
- ✓10 years old or newer
- ✓2–10 year terms
- ✓50–75% LTV
Program Guidelines
| Guideline | Details |
|---|---|
| Transaction size | $200,000 – $5,000,000 |
| Vessel length | 25' – 100' |
| Vessel age | 10 years or newer |
| Term | 2 – 10 years |
| LTV | 50 – 75% |
| Additional collateral | Real estate accepted to secure your financing |
| Transactions | Purchase, refinance and cash-out |
How It Works
The yacht serves as the primary collateral, and we lend 50–75% of its value based on the vessel's age, length, condition and market comparables. Example: a yacht valued at $1,000,000 at 65% LTV supports a loan of up to $650,000. Illustration only — not a quote.
Need more than the vessel supports? Pledging real estate as additional collateral can increase the amount you qualify for or strengthen your approval.
What You'll Need
- Completed and signed credit application
- Vessel details: year, make, model, length and condition
- Purchase agreement or current valuation (marine survey for refinances)
- Personal financial statement and identification
- Property details, if you're pledging real estate as additional collateral
We review yacht financing applications nationwide, including California, Florida and Texas. Keeping a boat in Newport Beach, Huntington Harbour or Dana Point? Read our Orange County yacht and aircraft financing guide.
Frequently asked questions
- What size yachts can be financed?
- Northwood programs finance yachts from 25 to 100 feet in length, with transaction sizes from $200,000 to $5,000,000. The vessel must be 10 years old or newer at the time of funding.
- How much of the purchase price can I finance?
- Loans run from 50% to 75% of the yacht's value (loan-to-value), depending on the vessel, its age and condition, and your overall profile. A higher down payment generally improves pricing and approval odds.
- Can I use real estate as additional collateral?
- Yes. If the yacht alone doesn't support the amount you need, we accept real estate as additional collateral to secure the financing. This can raise the effective LTV or strengthen a file with limited credit history.
- What are the loan terms?
- Terms run 2 to 10 years. Final rate and structure depend on the vessel, loan size, LTV and your credit profile, and are provided in a written offer before you commit.
- Do you finance older yachts?
- The program is limited to yachts 10 years old or newer. If your vessel is older, talk to us — real estate-backed options may still be available using property equity instead of the vessel itself.
- Can I refinance or pull cash out of a yacht I already own?
- Yes. Purchase, refinance and cash-out transactions are considered, as long as the yacht meets the age, length and value guidelines.
Finance Your Yacht.
Tell us about the vessel — year, make, model and length — and whether you'll pledge additional collateral. Credit decisions typically in 24–72 hours after a complete application.
- ✓ $200K–$5M transaction sizes
- ✓ Yachts 25'–100', 10 years or newer
- ✓ 50–75% LTV, 2–10 year terms
- ✓ Real estate accepted as additional collateral