LH‐Finance in the US has teamed up with Sanlorenzo to provide retail and wholesale financing solutions to the Italian superyacht builder and its clients.
Based in Baltimore, Maryland, LH-Finance (also known as L’Hermione Finance) offers marine financing and competitive products to customers, dealers and boat manufacturers. It is a new division of United Bank, a $6.2bn bank based in Glastonbury, Connecticut.
“I am proud to say LH‐Finance is becoming an emerging industry leader in retail and wholesale yacht financing and our new relationship with Sanlorenzo shows that the services we offer complement the first-class superyachts this worldwide shipyard provides their clients,” says William Crawford, CEO of United Bank.
Sanlorenzo is the second largest builder worldwide of superyachts over 80 feet. The shipyard produces custom-build fibreglass yachts from 24m-38m (78ft-126ft) and steel and aluminium superyachts from 40m-62m (131ft-203ft).
According to Showboats International’s 2016 Global Order Book, the company ranks second among the top 20 builders of yachts over 80ft worldwide.
Commenting on the announcement, George Jousma, Sanlorenzo Americas president and CEO, says: “As we stand for excellence, so does our finance partner, LH‐Finance. We are delighted to form this powerful association with LH‐ Finance, who will bring their expertise and competitiveness to our clients.”