Aviation & Yachts
Washington, D.C., United States
Superyachting HNWs with an eye on 80- to 164-foot range yachts often seek out Truist’s senior vice president Don Parkhurst for marine and RV finance. ‘Superyachts are highly customised and, for the most part, one of a kind – making it very difficult to accurately place a value on them,’ he says. ‘We help clients with the technical expertise on recording the ship’s mortgage with the US Coast Guard, valuing the yacht, and structuring and pricing the loan.’ One of the most experienced in the business, Parkhurst has been in marine since 1993 and a SunTrust/Truist man since 1998. ‘It’s a small group of players who know each other and frequently travel to boat shows, so we see each other often,’ he says.
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