Quote:
Originally Posted by bugstrider
Hangar Financing———-
suggestions for creative financing for a hanger? ...you don’t own the land and it’s a land lease...
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FBO where I took my lessons is planning a new maintenance hangar.
Bank is requiring a ground lease five years longer than the term of the loan.
Other than that, a fairly standard commercial loan.
I have a lot adjacent to my local airport on a taxiway.
Not residential, not commercial, just a hangar for me.
My banker said they would finance it as a commercial loan.
I don't want to borrow money.
I had quite a bit of cash when another real estate opportunity came my way, so that blew up my hangar budget.
Guess I'll stay happy at my smaller hangar farther away that I own outright.