What's the typical tenor for new builds?

Tenor runs 18 to 24 months depending on vessel size and yard delivery schedule, with payments staged against build progress.

What collateral is required?

Typically an assignment of the build contract, mortgage, hull insurance, and pledge of the SPV shares. The exact mix depends on the project's risk profile.

Do you help with yard selection?

Yes. We evaluate yards from our network across Türkiye, the EU and Asia and match the right one to your project.

What if the build schedule slips?

The milestone-based tranche structure lets us re-baseline the disbursement schedule when delays occur. The contract is built to split timeline risk fairly between counterparties.

How long does pre-approval take?

Typically 4-6 weeks. Yard commitments and contract negotiations run in parallel during this window.

Services

New build financing

Tailored credit and financing models for commercial ships, motor yachts and sailboats, over an 18-24 month build window.

Typical structure

Ticket size€2M – €40M

Tenor18 – 24 months (build) + up to 7 years

Security packageBuild contract assignment, mortgage, hull insurance

What this service is

New build financing

New build does not reduce to a single 'borrow and build' transaction. Yard selection, contract structure, payment tranches, class approvals and delivery dates all interlock. When the financing isn't built around that timeline, cash-flow gaps open at every stage. PM® treats new-build financing as an architecture that runs alongside the project from the first contract sheet to first sea trials.

Capital is tied to build milestones; funds release only as each surveyor-signed tranche clears. This pulls both yard risk and lender committee delay out of the critical path. At delivery, the short-term build facility converts automatically into a long-term mortgaged structure. You finance the vessel without diluting your operating capital, and the 18-24 month period runs on a predictable timetable.

What this structure gives you

Capital efficiency

Tranches release only when the build needs them; your liquidity stays in your business.

Single accountability

Yard, class, insurance and lender all coordinated under one SPV.

Term-out built in

At delivery, the build facility converts to a long-term mortgage automatically; no separate refi.

What's included

New build financing

SPV setup and capital structure
Yard selection and contract negotiation
Collateral package structured with the lender
Tranche management through the build
Conversion to leasing or term loan at delivery

Required documents

Owner / entity identity and registry documents
Last 3 years of audited financial statements
Signed or draft yard construction contract
Technical specification and classification society letters
Payment milestone schedule and yard guarantee
Hull + machinery insurance quote (if any)

Our process

We know the route at sea, and the paperwork ashore.

We stay alongside you from first conversation to final repayment.

Discovery
We map your project, financing need and existing capital structure together.
Structuring
We build your SPV, collateral package and tenor model.
Financing
We run the conversations with the right funding partners from our network.
Delivery
Your vessel, taken from yard or seller, lands inside a ready financing structure.
Lifecycle
Through repayment, we coordinate with marinas, insurers and operating partners on your behalf.