- Location: Cayman Islands
- Project Value: $6,715,800.00
- Gross Loan Amount: £964,400.00
- Term: 10 months
- Secured Against: Fixed and floating charge over Cayman Islands based company
The Reditum Capital team is always happy to consider financing investments in alternative assets. On this occasion, an international client needed a loan facility to buy a 2005 Bombardier Challenger 604 aircraft. Naturally, we were delighted to help them.
About the asset:
The Bombardier Challenger 604 is the best selling jet in its class. Over 30 countries have certified it for civil operation and it has a proven record for dependability, reliability and outstanding value. The aircraft has the widest cabin of any true business jet available today, as well standing head-height of over six feet. The passive noise insulation system provides superior cabin comfort for those onboard (typically nine passengers and two crew).
Reditum Capital’s involvement:
We arranged 100% finance for the borrower to buy the aircraft, after a management company had seized it. We negotiated an agreement that allowed the borrower to use the aircraft while making re-payments to take back ownership eventually.