What happens when you find the right boat—but it’s too old for most lenders to finance?

For buyers shopping the older yacht market, financing can become a roadblock surprisingly quickly. Many lenders have fairly firm age limits, even when the boat in question has been exceptionally well cared for, extensively updated, or undergone a major refit.

In this episode of Floatplan, Matt and Tim chat with Aisling Soler of Shoreham Bank, a lender offering something relatively unusual in the industry: a willingness to consider financing boats beyond the typical lender age cutoff.

Aisling explains why the year on the hull doesn’t necessarily tell the whole story. Instead, Shoreham can look at the individual vessel—its condition, survey, market value, maintenance and improvements—alongside the financial strength of the buyer. In fa ...