Boat Slip Financing

[codeman671]

Originally Posted by Tsteinruck

Clearly the market has changed since this thread was started. With boat slips pushing $200K who is financing these things? I bought mine last season with MVSB, but looking for better terms. BoNH is the only other bank I know of that finances boat slips, and they have a $50K max. Are there any other lenders?

Definitely the wrong time to be searching if you are expecting better terms. Rates have gone up, so unless your deal was pretty bad I can't imagine you will see something better.

Do you own a home and have access to home equity? A HELOC will be a better rate and more flexible. With recent tax law changes and limits I am not sure how much of the interest, if any, would still be tax deductible.