The memo discusses the condition and value survey of the Starfire yacht, which is valued at $25 million and in exceptional condition. It outlines the costs for addressing deficiencies and additional maintenance, totaling approximately $1.6 million. Financing options from Bank of America are detailed, including a 5-year term with a 20-year amortization schedule at a floating rate based on LIBOR + 1.75%. The memo also compares rates from other yacht lenders and discusses the potential benefits of locking in a fixed interest rate via a swap.
documents/EFTA01127475.pdf
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