Aircraft Financing Process
EXTENSIVE OFFERINGS
Our Process
Co Finance offers streamlined aviation finance origination and servicing options to support your co-owned aircraft. We provide a myriad of avenues to finance aircraft co-ownership transactions:
- Through traditional banking sources
- Between multiple co-owners
- From the aircraft seller to the co-purchasers
No matter how you want to finance your co-owned aircraft, we’ll have your back through every step of the process.
Asset-Based
Lending
Engine Program
Compliance
Access to
Capital
Aviation Legal
Support
Finance with Ease
The Premier Financial Servicer
for Co-owned Aircraft
Co Finance furnishes you with a comprehensive origination structure to ensure the process is seamless and meets your every need.
Offerings & Terms
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- Co Finance has it all:
- We provide access to capital through banks and private equity.
- Our asset-based lending philosophy focuses on the loan-to-value ratio of your aircraft.
- We offer terms that match the co-ownership interest agreement period.
- Our 10- to 12-year amortization periods allow you to save on interest with a shorter-than-average loan life cycle.
First-Class Client Experience
- With Co Finance on your side, you’ll enjoy a financing process that’s simple and streamlined:
- We utilize The Mortgage Office’s loan origination software so we can seamlessly transition you from origination to servicing.
- Our team will soft pull your Equifax Credit Reports to assess your credit history without impacting your credit score.
- Once funds have been disbursed, we’ll work with you to ensure that your aircraft is compliant with its engine maintenance program.
- Throughout the process, we’ll provide aviation finance legal support, complete with a document library for quick reference.
Registrations & Documentation
- When you work with Co Finance, we’ll take care of the paperwork:
- You’ll be enrolled in the International Registry to protect your aircraft asset once funding is disbursed.
- You’ll receive loan documentation, including a Security Agreement, Promissory Note, Personal Guarantee, and any ancillary bank documentation you require.
- Co Finance will make all required Federal Aviation Administration (FAA) filings, including the Security Agreement, Bill of Sale, Registration Application, and more.
- We will work with your insurance provider to make sure the correct certificates and endorsements are in place.
Co Finance will provide expert guidance every step of the way.
Your Aircraft, Our Guidance
What Is the Process for Financing a Co-owned Aircraft?
Transparent, Accurate, & Easy
Everything You Need—All in One Place
At Co Finance, we offer user-friendly loan servicing options which provide you with all the tools necessary to make on-time payments, understand the terms of your loan, and access documentation related to your loan progress.
Our Lending Platform
Co Finance utilizes The Mortgage Office’s lending platform—a powerful loan management tool that offers accurate, reliable loan reports and a seamless user experience. With this secure portal, you’ll be able to set up automated payments, view your statements, check on the status of your loan, and so much more. Your experience is paramount, and that is why we offer you the number one loan servicing platform in the industry.
End-of-Term Options
Our friendly end-of-term options make it easy for you to transition into your next aircraft. We will match your co-ownership interest rate agreements so you can keep your monthly payments affordable.
At Co Finance, we provide you with automated invoices to ensure you always have an accurate, detailed report about any upcoming payments. It also allows us to maintain open lines of communication with you throughout the duration of your loan.
Payment Automation
We offer monthly electronic payment automation through the Automated Clearing House (ACH). This method benefits you because it offers a secure, convenient, and reliable payment process that you can count on. Once this is set up in our servicing portal, you’ll never miss a payment. If you’ve paid off your loan, you will easily be able to revoke the ACH authorization, effectively ending your monthly payments.
