Asian Family Office required a loan on their existing commercial fleet of vessels towards a distressed asset purchase

Asian Family Office loan

The Client

A friendly competitor in our client's industry faced financial difficulty and needed to raise cash to pay off a loan coming due and offered his commercial vessels for sale below market prices. Our client required US$15M to purchase Supramax vessels at a price significantly below their FMV broker valuations.

How We Helped

Since their traditional financing options have been very restrictive over the past 12 months, the client needed flexible options quickly.

We were able to secure a bridge loan at 45% of the FMV value with terms that met the client’s requirements.

NationalityResidenceIndustryAsset ValueLoan Amount
Asian Family Office​Singapore ShippingUS$35,000,000US$15,800,000