JetLease Capital announced the company arranged and closed a financing for a 2002 Citation Excel business jet aircraft.
The transaction was structured as a 5 year term loan facility with a 144 month amortization at a 2% floating interest rate. The client was a high net worth individual based on the west coast of the United States.
JetLease Capital is based at the West Palm Beach Florida Airport and specializes in corporate aircraft financing transactions including term loans, leases, and bridge loan structures.