Construction

Customized Maritime Financing Solutions

To thrive in today’s marine shipping and aquaculture business, you need a partner who understands it. The Mitcor team is serving the maritime finance industry with a combined knowledge of more than 25 years. Mitcor is active in all major segments of the global marine industry by offering vessel acquisition funding to associated projects and businesses that operate in the deep ocean, offshore, coastal and inland waterway markets. Our people know the industry and work closely with you to understand your needs and by working together we can customize a financial solution to get your project built.

We offer senior secured term marine loans and asset-backed revolving lines of credit for a variety of purposes, including permanent financing, construction financing and asset monetization.

On larger projects our strategic partners participate and hold debt in a unified and staged risk managed approach.

Target Maritime Asset Types

Deep Ocean

  • LNG Carriers
  • Bulkers
  • Containerships

Other Specialized Vessels

  • Cattle and Sheep Livestock Carrier

Offshore

  • Shuttle Tankers
  • Floating Processing and Storage Facilities
  • Other Specialized Vessels

Transaction Parameters

  • Typical transaction size between $15mm and $100mm+
  • Bilateral, Club and Syndicated Transactions
  • Primary Issuances and Secondary Purchases
  • Recourse and Non-recourse Financings
  • 15+ Year Amortization Periods
  • Interest-Only Periods