Question: When I finance a plane, may I finance a hanger with it? Or would they be separate loans?
Answer: We work as a broker and have multiple lenders to consider, all of which are specialized and experienced in aircraft financing. These lenders all use the aircraft as collateral for the loan, and they are unable to include financing for the purchase of a hangar. In rare circumstances, we have been able to get a lender to lend against an airplane for the purchase of a hangar, but if you purchase both at the same time, there wouldn’t be sufficient equity in the airplane to provide a loan for both. I often recommend checking with a local lender that has commercial real estate experience if you need hangar financing.
Have questions for Adam? He is happy to answer them. Submit your questions here. Great rates. Great terms. Helpful and responsive reps. Three good reasons to turn to AOPA Aviation Finance when you are buying an airplane. If you need a dependable source of financing with people who are on your side, just call 800.62.PLANE (75263) or click here to request a quote.