{"ok":true,"count":401,"refreshedAt":"2026-05-16T18:01:52.347Z","yachts":[{"id":"lucy-142-richmond","name":"LUCY","builder":"Richmond Yachts","year":2008,"len":43.3,"price":10.9,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/2026/03/video-tour-lucy-142-richmond/","source":"denison","refreshedAt":"2026-05-16T18:00:52.153Z","photoUrl":"https://cdn.denisonyachtsales.com/wp-content/uploads/2026/03/LUCY-Walkthrough-Article-Featured.jpg","charterAvailable":false,"crew":9,"videoId":"L28EMtVQk9M","videoSource":"youtube","lastAisCoord":{"lat":51.96403,"lon":5.93876,"ts":"2026-05-16T17:45:55.697Z","sog":0.2},"coordPrecision":"live-ais","isDocked":true,"lat":51.96403,"lon":5.93876,"imo":"9505625","mmsi":"319567000","callsign":"ZGAW","beam":8.16,"homePort":"GEORGE TOWN","datalasticUuid":"8b838a03-051e-08da-abaa-f7b5d487364e","_priv":{"estimate":{"delta":1.7122291966442473,"est":10.716508807339777,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":null,"cashflow":{"acquisition":10.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-1.09,"residual":10.41},{"year":2027,"yearIdx":1,"opCost":1.04,"charterIncome":0,"netAnnual":-1.04,"cumulative":-2.13,"residual":9.94},{"year":2028,"yearIdx":2,"opCost":0.99,"charterIncome":0,"netAnnual":-0.99,"cumulative":-3.12,"residual":9.49},{"year":2029,"yearIdx":3,"opCost":0.95,"charterIncome":0,"netAnnual":-0.95,"cumulative":-4.07,"residual":9.06},{"year":2030,"yearIdx":4,"opCost":0.91,"charterIncome":0,"netAnnual":-0.91,"cumulative":-4.98,"residual":8.65}],"totalOp":4.98,"totalCharter":0,"net5yr":-4.98,"residualY5":8.65,"netHoldCost":7.23,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":7.09,"debt":3.81,"rateBps":700,"annualDebtCost":0.27,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$270K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.81,"debt":7.09,"rateBps":700,"annualDebtCost":0.5,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":8.07,"target":8.5,"ceiling":8.94,"baselineDiscountPct":22,"strategy":"Segment-typical pricing. Standard 22%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Richmond Yachts, delivered in 2008 at 43m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa, crewed by 9.","v":3}},{"id":"calliope-105-numarine","name":"CALLIOPE","builder":"Numarine","year":0,"len":32,"price":9.95,"city":"","country":"Canada","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/calliope-105-numarine","source":"denison","refreshedAt":"2026-05-12T13:46:37.229Z","photoUrl":"https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131632697-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131632697-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131636387-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131640170-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131644325-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131648235-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131652152-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131656251-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131700335-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131704560-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20241203084932635-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20241203084936600-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20241203084943422-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20240903131921984-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20241203084940453-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/50/2018-numarine-32xp-power-9530650-20241122115203936-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"Alex G. Clarke","brokerEmail":"alex@denisonyachting.com","brokerPhone":"(203) 722-3047","mmsi":"316038092","beam":6,"datalasticUuid":"55695dc7-7038-181a-9252-053e0d548947","_priv":{"estimate":{"delta":240.3417659156881,"est":2.923531871919853,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No build year","No engine hours"]},"deal":{"verdict":"Premium ask · 240% over model","tone":"premium"},"cashflow":{"acquisition":9.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.99,"charterIncome":0,"netAnnual":-0.99,"cumulative":-0.99,"residual":9.35},{"year":2027,"yearIdx":1,"opCost":0.94,"charterIncome":0,"netAnnual":-0.94,"cumulative":-1.93,"residual":8.79},{"year":2028,"yearIdx":2,"opCost":0.88,"charterIncome":0,"netAnnual":-0.88,"cumulative":-2.81,"residual":8.26},{"year":2029,"yearIdx":3,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-3.64,"residual":7.76},{"year":2030,"yearIdx":4,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-4.42,"residual":7.29}],"totalOp":4.42,"totalCharter":0,"net5yr":-4.42,"residualY5":7.29,"netHoldCost":7.08,"netHoldCostPctOfAcq":71.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.47,"debt":4.48,"rateBps":625,"annualDebtCost":0.28,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$280K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.48,"debt":6.47,"rateBps":625,"annualDebtCost":0.4,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.37,"target":6.77,"ceiling":7.16,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 240% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This Numarine, 32m on deck is shown by appointment to qualified buyers. Lying in Canada. Presented by Denison Yacht Sales.","v":3}},{"id":"112-van-der-valk","name":"112 Van Der Valk 2026","builder":"Van Der Valk","year":0,"len":34.1,"price":24.9,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/112-van-der-valk","source":"denison","refreshedAt":"2026-05-12T13:46:39.469Z","photoUrl":"https://images.boatsgroup.com/resize/1/48/86/5054886_20150414111519410_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/48/86/5054886_20150414111519410_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/48/86/5054886_20150414111507102_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/48/86/5054886_20150414111513670_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"William (Will) Noftsinger III","brokerEmail":"wn@denisonyachting.com","brokerPhone":"(850) 461-3342","_priv":{"estimate":{"delta":638.212870602001,"est":3.37301081999484,"label":"Over","cls":"o"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No build year","No engine hours","No location"]},"deal":{"verdict":"Premium ask · 638% over model","tone":"premium"},"cashflow":{"acquisition":24.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.49,"charterIncome":0,"netAnnual":-2.49,"cumulative":-2.49,"residual":23.41},{"year":2027,"yearIdx":1,"opCost":2.34,"charterIncome":0,"netAnnual":-2.34,"cumulative":-4.83,"residual":22.01},{"year":2028,"yearIdx":2,"opCost":2.2,"charterIncome":0,"netAnnual":-2.2,"cumulative":-7.03,"residual":20.69},{"year":2029,"yearIdx":3,"opCost":2.07,"charterIncome":0,"netAnnual":-2.07,"cumulative":-9.1,"residual":19.45},{"year":2030,"yearIdx":4,"opCost":1.95,"charterIncome":0,"netAnnual":-1.95,"cumulative":-11.05,"residual":18.28}],"totalOp":11.05,"totalCharter":0,"net5yr":-11.05,"residualY5":18.28,"netHoldCost":17.67,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":24.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":11.2,"debt":13.7,"rateBps":625,"annualDebtCost":0.86,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$860K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":8.71,"debt":16.19,"rateBps":625,"annualDebtCost":1.01,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":15.94,"target":16.93,"ceiling":17.93,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 638% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This Van Der Valk, 34m on deck is shown by appointment to qualified buyers. Presented by Denison Yacht Sales.","v":3}},{"id":"at-last-144-heesen-yachts","name":"AT LAST","builder":"Heesen Yachts","year":1990,"len":43.9,"price":3.65,"city":"Fort Lauderdale","country":"United Kingdom","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/at-last-144-heesen-yachts","source":"denison","refreshedAt":"2026-05-12T13:54:08.726Z","photoUrl":"https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776817-0-080820240643-1.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776817-0-080820240643-1.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776818-0-080820240643-2.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776819-0-080820240643-3.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776820-0-080820240643-4.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776821-0-080820240643-5.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776822-0-080820240643-6.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776823-0-080820240643-7.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776824-0-080820240643-8.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776825-0-080820240643-9.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776826-0-080820240643-10.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776827-0-080820240643-11.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776828-0-080820240643-12.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776829-0-080820240643-13.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776830-0-080820240643-14.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/65/1990-heesen-yachts-145-power-9498865-966776831-0-080820240643-15.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":51.53434,"lon":4.22659,"ts":"2026-05-16T17:36:02.295Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":51.53434,"lon":4.22659,"mmsi":"235029676","callsign":"MNXX9","datalasticUuid":"d6e9c030-3495-a086-279f-fa4b218b0974","_priv":{"estimate":{"delta":-51.43746825992296,"est":7.51608260363365,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 51% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":3.65,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.36,"residual":3.56},{"year":2027,"yearIdx":1,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.72,"residual":3.47},{"year":2028,"yearIdx":2,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.07,"residual":3.38},{"year":2029,"yearIdx":3,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.41,"residual":3.3},{"year":2030,"yearIdx":4,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.74,"residual":3.22}],"totalOp":1.74,"totalCharter":0,"net5yr":-1.74,"residualY5":3.22,"netHoldCost":2.17,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.65,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.37,"debt":1.28,"rateBps":700,"annualDebtCost":0.09,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.28,"debt":2.37,"rateBps":700,"annualDebtCost":0.17,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":3.14,"target":3.29,"ceiling":3.43,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Heesen Yachts — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (36y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 51% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Heesen Yachts, delivered in 1990 at 44m carries the full tier-A pedigree under proven systems. Lying in Fort Lauderdale, United Kingdom. Presented by Denison Yacht Sales.","v":3}},{"id":"indecent-proposal-4-88-sunseeker-I","name":"INDECENT PROPOSAL 4","builder":"Sunseeker I","year":0,"len":26.8,"price":2.92,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/indecent-proposal-4-88-sunseeker-I","source":"denison","refreshedAt":"2026-05-12T13:54:18.622Z","photoUrl":"https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102520823-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102520823-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102535874-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102211259-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102555739-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102311040-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102255222-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102224699-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102329771-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102351311-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102450720-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102437211-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102406098-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102422977-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706102608764-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/62/29/2011-sunseeker-88-yacht-power-9456229-20240706101905073-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"Aleks Taldykin","brokerEmail":"aleks@denisonyachting.com","brokerPhone":"(310) 569-3821","mmsi":"367717020","callsign":"WDI6277","beam":6,"datalasticUuid":"feac0552-d161-23cd-0026-9774259e876b","_priv":{"estimate":{"delta":44.29680426040344,"est":2.023606839365935,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No build year","No engine hours"]},"deal":{"verdict":"Premium ask · 44% over model","tone":"premium"},"cashflow":{"acquisition":2.92,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-0.35,"residual":2.74},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.68,"residual":2.58},{"year":2028,"yearIdx":2,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-0.99,"residual":2.43},{"year":2029,"yearIdx":3,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.28,"residual":2.28},{"year":2030,"yearIdx":4,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-1.55,"residual":2.14}],"totalOp":1.55,"totalCharter":0,"net5yr":-1.55,"residualY5":2.14,"netHoldCost":2.33,"netHoldCostPctOfAcq":79.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.92,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.61,"debt":1.31,"rateBps":625,"annualDebtCost":0.08,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.02,"debt":1.9,"rateBps":625,"annualDebtCost":0.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":1.87,"target":1.99,"ceiling":2.1,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker I is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 44% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This Sunseeker I, 27m on deck is shown by appointment to qualified buyers. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"ocean-1-98-hargrave","name":"OCEAN 1","builder":"Hargrave","year":2008,"len":29.9,"price":2.85,"city":"Miami","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/ocean-1-98-hargrave","source":"denison","refreshedAt":"2026-05-12T13:54:22.238Z","photoUrl":"https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20241021071334226-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20241021071334226-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20241021071325922-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20241021071327877-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20241021071329961-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20241021071331944-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20240828074921729-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20240828074927686-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20240828074943618-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20240828074933499-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20240828074953564-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20240828074951381-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20240828074937641-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20240828074935320-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20240828075014871-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/4/2008-hargrave-sky-lounge-power-9493804-20240828075017872-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"Juno Prudhomm","brokerEmail":"juno@denisonyachting.com","brokerPhone":"(786) 385-5013","lastAisCoord":{"lat":45.60959,"lon":13.77308,"ts":"2026-05-16T15:31:05.554Z","sog":0.5},"coordPrecision":"last-ais","isDocked":true,"lat":45.60959,"lon":13.77308,"mmsi":"9135736","callsign":"100200","datalasticUuid":"a844cb92-2661-2aee-c71e-65f5eabf57ad","_priv":{"estimate":{"delta":-38.817231066410635,"est":4.658174269774425,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 39% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.85,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.34,"residual":2.72},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.67,"residual":2.6},{"year":2028,"yearIdx":2,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-0.98,"residual":2.48},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.28,"residual":2.37},{"year":2030,"yearIdx":4,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.56,"residual":2.26}],"totalOp":1.56,"totalCharter":0,"net5yr":-1.56,"residualY5":2.26,"netHoldCost":2.15,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.85,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.85,"debt":1,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1,"debt":1.85,"rateBps":700,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.39,"target":2.51,"ceiling":2.62,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 39% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hargrave, delivered in 2008 at 30m represents the classic-platform era with a documented owner timeline. Lying in Miami. Presented by Denison Yacht Sales.","v":3}},{"id":"uptight-106-cantiere-delle-marche","name":"UPTIGHT","builder":"Cantiere Delle Marche","year":0,"len":32.3,"price":13.5,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/uptight-106-cantiere-delle-marche","source":"denison","refreshedAt":"2026-05-12T14:07:16.429Z","photoUrl":"https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131750430-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131750430-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131752174-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131754237-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131756217-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131758229-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131800309-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131802281-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131805265-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131807234-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131809216-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131811246-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131813312-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131815264-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131817256-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/44/8/2022-cantiere-delle-marche-darwin-106-power-9504408-20240813131819309-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"Alex G. Clarke","brokerEmail":"alex@denisonyachting.com","brokerPhone":"(203) 722-3047","_priv":{"estimate":{"delta":352.17621233983454,"est":2.9855617415482327,"label":"Over","cls":"o"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No build year","No engine hours","No location"]},"deal":{"verdict":"Premium ask · 352% over model","tone":"premium"},"cashflow":{"acquisition":13.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.35,"charterIncome":0,"netAnnual":-1.35,"cumulative":-1.35,"residual":12.69},{"year":2027,"yearIdx":1,"opCost":1.27,"charterIncome":0,"netAnnual":-1.27,"cumulative":-2.62,"residual":11.93},{"year":2028,"yearIdx":2,"opCost":1.19,"charterIncome":0,"netAnnual":-1.19,"cumulative":-3.81,"residual":11.21},{"year":2029,"yearIdx":3,"opCost":1.12,"charterIncome":0,"netAnnual":-1.12,"cumulative":-4.93,"residual":10.54},{"year":2030,"yearIdx":4,"opCost":1.05,"charterIncome":0,"netAnnual":-1.05,"cumulative":-5.98,"residual":9.91}],"totalOp":5.98,"totalCharter":0,"net5yr":-5.98,"residualY5":9.91,"netHoldCost":9.57,"netHoldCostPctOfAcq":70.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":13.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":7.42,"debt":6.08,"rateBps":625,"annualDebtCost":0.38,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$380K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.72,"debt":8.78,"rateBps":625,"annualDebtCost":0.55,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.64,"target":9.18,"ceiling":9.72,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 352% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This Cantiere Delle Marche, 32m on deck is shown by appointment to qualified buyers. Presented by Denison Yacht Sales.","v":3}},{"id":"maha-82-hatteras","name":"MAHA","builder":"Hatteras","year":0,"len":25,"price":1.25,"city":"","country":"Virgin Islands (British)","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/maha-82-hatteras","source":"denison","refreshedAt":"2026-05-12T15:05:40.360Z","photoUrl":"https://images.boatsgroup.com/resize/1/92/23/7909223_20210609065950728_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/92/23/7909223_20210609065950728_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084908732_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084904160_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084912240_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084915818_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084920103_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084923939_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084927046_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084929900_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084933392_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084936177_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084938159_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084940170_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084942043_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/23/7909223_20210607084944084_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"378112838","callsign":"ZJL9879","beam":7,"datalasticUuid":"5f56514e-b115-f1d0-5566-37ec2da7a371","_priv":{"estimate":{"delta":-23.058545871977167,"est":1.6246118742701767,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No build year","No engine hours"]},"deal":{"verdict":"Strong value · 23% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.15,"residual":1.17},{"year":2027,"yearIdx":1,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.29,"residual":1.1},{"year":2028,"yearIdx":2,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.42,"residual":1.03},{"year":2029,"yearIdx":3,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.54,"residual":0.97},{"year":2030,"yearIdx":4,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.66,"residual":0.91}],"totalOp":0.66,"totalCharter":0,"net5yr":-0.66,"residualY5":0.91,"netHoldCost":1,"netHoldCostPctOfAcq":80,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":0.69,"debt":0.56,"rateBps":625,"annualDebtCost":0.04,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.44,"debt":0.81,"rateBps":625,"annualDebtCost":0.05,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":1.1,"target":1.15,"ceiling":1.2,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 23% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This Hatteras, 25m on deck is shown by appointment to qualified buyers. Lying in Virgin Islands (british). Presented by Denison Yacht Sales.","v":3}},{"id":"money-cat-97-transworld-I","name":"MONEY CAT","builder":"Transworld I","year":2003,"len":29.6,"price":1.25,"city":"United States","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/money-cat-97-transworld-I","source":"denison","refreshedAt":"2026-05-12T13:46:51.228Z","photoUrl":"https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105645753_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105645753_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105412723_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105328453_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105349853_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105401578_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105448344_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105509567_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105518543_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105611715_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105623152_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105716958_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105724867_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105739038_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105749648_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/60/29/9156029_20231201105802869_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"Aleks Taldykin","brokerEmail":"aleks@denisonyachting.com","brokerPhone":"(310) 569-3821","_priv":{"estimate":{"delta":-67.70232068019699,"est":3.870247108539389,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 68% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.15,"residual":1.19},{"year":2027,"yearIdx":1,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.29,"residual":1.14},{"year":2028,"yearIdx":2,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.43,"residual":1.09},{"year":2029,"yearIdx":3,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.56,"residual":1.04},{"year":2030,"yearIdx":4,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.68,"residual":0.99}],"totalOp":0.68,"totalCharter":0,"net5yr":-0.68,"residualY5":0.99,"netHoldCost":0.94,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.81,"debt":0.44,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.44,"debt":0.81,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.05,"target":1.1,"ceiling":1.15,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (23y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 68% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Transworld I, delivered in 2003 at 30m represents the classic-platform era with a documented owner timeline. Lying in United States. Presented by Denison Yacht Sales.","v":3}},{"id":"fantasea-95-horizon","name":"FANTASEA","builder":"Horizon","year":0,"len":29,"price":2.69,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/fantasea-95-horizon","source":"denison","refreshedAt":"2026-05-12T15:06:07.219Z","photoUrl":"https://images.boatsgroup.com/resize/1/47/76/9144776_20231122101145855_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/47/76/9144776_20231122101145855_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231122101201916_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231122101210090_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231122101216135_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231122101223183_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231122101230555_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231122101157811_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231127143338083_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231127143546405_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231127143340439_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231127143343290_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231127143346280_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231127143349164_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231127143352054_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/76/9144776_20231127143355319_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"David Johnson","brokerEmail":"david@denisonyachting.com","brokerPhone":"(954) 610-3263","mmsi":"369266000","callsign":"WDJ5346","beam":6,"datalasticUuid":"02434af4-a2da-bd0b-83c3-e19010216a49","_priv":{"estimate":{"delta":21.204152446028274,"est":2.219395908236598,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No build year","No engine hours"]},"deal":{"verdict":"Premium ask · 21% over model","tone":"premium"},"cashflow":{"acquisition":2.69,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-0.32,"residual":2.53},{"year":2027,"yearIdx":1,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.62,"residual":2.38},{"year":2028,"yearIdx":2,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.91,"residual":2.24},{"year":2029,"yearIdx":3,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-1.18,"residual":2.11},{"year":2030,"yearIdx":4,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.43,"residual":1.98}],"totalOp":1.43,"totalCharter":0,"net5yr":-1.43,"residualY5":1.98,"netHoldCost":2.14,"netHoldCostPctOfAcq":79.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.69,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.48,"debt":1.21,"rateBps":625,"annualDebtCost":0.08,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.94,"debt":1.75,"rateBps":625,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":1.99,"target":2.1,"ceiling":2.2,"baselineDiscountPct":22.1,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 21% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This Horizon, 29m on deck is shown by appointment to qualified buyers. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"x99-fast-99-extra","name":"X99 FAST","builder":"Extra","year":2026,"len":30.2,"price":10.9,"city":"Miami Beach","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/x99-fast-99-extra","source":"denison","refreshedAt":"2026-05-12T15:25:14.673Z","photoUrl":"https://images.boatsgroup.com/resize/1/26/98/9152698_20240305131904178_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/26/98/9152698_20240305131904178_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123452328_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123459879_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123506503_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123510879_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123515169_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123524198_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129152043315_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123534949_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123545350_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123553287_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123600830_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123611442_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123814430_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/26/98/9152698_20231129123822421_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"Alex G. Clarke","brokerEmail":"alex@denisonyachting.com","brokerPhone":"(203) 722-3047","_priv":{"estimate":{"delta":20.200392040984088,"est":9.068190057386406,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 20% over model","tone":"premium"},"cashflow":{"acquisition":10.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-1.09,"residual":9.92},{"year":2027,"yearIdx":1,"opCost":0.99,"charterIncome":0,"netAnnual":-0.99,"cumulative":-2.08,"residual":9.03},{"year":2028,"yearIdx":2,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-2.98,"residual":8.22},{"year":2029,"yearIdx":3,"opCost":0.82,"charterIncome":0,"netAnnual":-0.82,"cumulative":-3.8,"residual":7.73},{"year":2030,"yearIdx":4,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-4.57,"residual":7.27}],"totalOp":4.57,"totalCharter":0,"net5yr":-4.57,"residualY5":7.27,"netHoldCost":8.2,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.99,"debt":4.91,"rateBps":625,"annualDebtCost":0.31,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$310K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.81,"debt":7.09,"rateBps":625,"annualDebtCost":0.44,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.65,"target":9.09,"ceiling":9.53,"baselineDiscountPct":16.6,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 20% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Extra, delivered in 2026 at 30m is barely campaigned and reflects current build standards. Lying in Miami Beach. Presented by Denison Yacht Sales.","v":3}},{"id":"al-di-la-88-grand-alaskan","name":"AL DI LA","builder":"Grand Alaskan","year":0,"len":26.8,"price":2,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/al-di-la-88-grand-alaskan","source":"denison","refreshedAt":"2026-05-12T15:25:16.205Z","photoUrl":"https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175107377_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175107377_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175135615_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175248675_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175147349_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175153370_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175159794_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175020193_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175050434_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175029977_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175112893_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175024885_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175101683_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175415870_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175422384_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/77/9059977_20240408175636532_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"Bill Palmer","brokerEmail":"bp@denisonyachting.com","brokerPhone":"(760) 809-6333","mmsi":"338547043","datalasticUuid":"f5da0e32-151e-0df2-fa7a-b45d74f3220b","_priv":{"estimate":{"delta":1.9544831832699185,"est":1.9616596912220798,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No build year","No engine hours"]},"deal":null,"cashflow":{"acquisition":2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.24,"residual":1.88},{"year":2027,"yearIdx":1,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.47,"residual":1.77},{"year":2028,"yearIdx":2,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.68,"residual":1.66},{"year":2029,"yearIdx":3,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.88,"residual":1.56},{"year":2030,"yearIdx":4,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-1.07,"residual":1.47}],"totalOp":1.07,"totalCharter":0,"net5yr":-1.07,"residualY5":1.47,"netHoldCost":1.6,"netHoldCostPctOfAcq":80,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.1,"debt":0.9,"rateBps":625,"annualDebtCost":0.06,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.7,"debt":1.3,"rateBps":625,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":1.64,"target":1.72,"ceiling":1.8,"baselineDiscountPct":14,"strategy":"Segment-typical pricing. Standard 14%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This Grand Alaskan, 27m on deck is shown by appointment to qualified buyers. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"white-lightning-85-mares","name":"WHITE LIGHTNING","builder":"Mares","year":0,"len":25.9,"price":1.48,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/white-lightning-85-mares","source":"denison","refreshedAt":"2026-05-12T15:25:17.381Z","photoUrl":"https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023731513_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023731513_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023733573_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023735564_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023737505_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023739667_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023741813_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023744497_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023746167_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023748261_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023750322_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023752351_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023754362_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023756704_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023758771_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/18/9061218_20231006023800718_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"366737660","callsign":"WCX6773","beam":8,"datalasticUuid":"109a5cd9-6e34-3c10-1524-42a0f0860ac0","_priv":{"estimate":{"delta":-18.526407859154688,"est":1.816539520488417,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No build year","No engine hours"]},"deal":{"verdict":"Strong value · 19% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.48,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.18,"residual":1.39},{"year":2027,"yearIdx":1,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.35,"residual":1.31},{"year":2028,"yearIdx":2,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.51,"residual":1.23},{"year":2029,"yearIdx":3,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.66,"residual":1.16},{"year":2030,"yearIdx":4,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.8,"residual":1.09}],"totalOp":0.8,"totalCharter":0,"net5yr":-0.8,"residualY5":1.09,"netHoldCost":1.19,"netHoldCostPctOfAcq":80.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.48,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":0.81,"debt":0.67,"rateBps":625,"annualDebtCost":0.04,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.52,"debt":0.96,"rateBps":625,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":1.31,"target":1.37,"ceiling":1.43,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 19% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This Mares, 26m on deck is shown by appointment to qualified buyers. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"seahawk-112-westport-II","name":"SEAHAWK","builder":"Westport II","year":2014,"len":34.1,"price":7.5,"city":"West Palm Beach","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/seahawk-112-westport-II","source":"denison","refreshedAt":"2026-05-12T15:37:14.748Z","photoUrl":"https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072719655_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072719655_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072233823_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072235648_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072237572_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072239689_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072706814_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072241651_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072243509_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072245753_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072247720_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072249850_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072727681_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072721654_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072723662_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072725687_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072731678_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072251640_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072253951_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8857394_20230524072255850_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"Erik Mayol","brokerEmail":"em@denisonyachting.com","brokerPhone":"(949) 338-7907","lastAisCoord":{"lat":25.76959,"lon":-80.14557,"ts":"2026-05-16T17:31:08.984Z","sog":6},"coordPrecision":"live-ais","lat":25.76959,"lon":-80.14557,"mmsi":"368146260","callsign":"WDL5981","beam":8,"datalasticUuid":"c8ee6c29-10ef-8a98-c468-bb11b203e4db","_priv":{"estimate":{"delta":-11.742709532197832,"est":8.497881546381864,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 12% under model","tone":"value"},"cashflow":{"acquisition":7.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-0.75,"residual":7.16},{"year":2027,"yearIdx":1,"opCost":0.72,"charterIncome":0,"netAnnual":-0.72,"cumulative":-1.47,"residual":6.84},{"year":2028,"yearIdx":2,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-2.15,"residual":6.53},{"year":2029,"yearIdx":3,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-2.8,"residual":6.24},{"year":2030,"yearIdx":4,"opCost":0.62,"charterIncome":0,"netAnnual":-0.62,"cumulative":-3.42,"residual":5.96}],"totalOp":3.42,"totalCharter":0,"net5yr":-3.42,"residualY5":5.96,"netHoldCost":4.96,"netHoldCostPctOfAcq":66.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.12,"debt":3.38,"rateBps":625,"annualDebtCost":0.21,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$210K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.63,"debt":4.87,"rateBps":625,"annualDebtCost":0.3,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":6.62,"target":6.92,"ceiling":7.22,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 12% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Westport Ii, delivered in 2014 at 34m has settled into its proven-hull period with full systems history. Lying in West Palm Beach, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"scott-free-107-president","name":"SCOTT FREE","builder":"President","year":2008,"len":32.6,"price":2.6,"city":"Fort Lauderdale","country":"Cayman Islands","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/scott-free-107-president","source":"denison","refreshedAt":"2026-05-12T15:42:51.740Z","photoUrl":"https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241115083404125-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241115083404125-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241115083406081-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241115083408150-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241115083410158-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241115083412042-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135036351-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135038203-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135040205-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241115083418016-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135042147-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135044135-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135048187-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135046159-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135054301-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135052396-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135050173-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135058303-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135056404-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/52/2008-president-tri-deck-power-9613452-20241219135104440-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","brokerName":"William (Will) Noftsinger III","brokerEmail":"wn@denisonyachting.com","brokerPhone":"(850) 461-3342","imo":"1010179","mmsi":"319506000","callsign":"ZCYO2","beam":11,"draught":3.5,"homePort":"GEORGE TOWN","datalasticUuid":"31372dde-593e-b7dd-d1ff-8694a6348234","_priv":{"estimate":{"delta":-54.050775146936324,"est":5.658419719406092,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 54% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.6,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.26,"residual":2.48},{"year":2027,"yearIdx":1,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.51,"residual":2.37},{"year":2028,"yearIdx":2,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.75,"residual":2.26},{"year":2029,"yearIdx":3,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.98,"residual":2.16},{"year":2030,"yearIdx":4,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-1.2,"residual":2.06}],"totalOp":1.2,"totalCharter":0,"net5yr":-1.2,"residualY5":2.06,"netHoldCost":1.74,"netHoldCostPctOfAcq":66.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.6,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.69,"debt":0.91,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.91,"debt":1.69,"rateBps":700,"annualDebtCost":0.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.18,"target":2.29,"ceiling":2.39,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 54% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage President, delivered in 2008 at 33m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Cayman Islands. Presented by Denison Yacht Sales.","v":3}},{"id":"miss-dunia-101-hargrave","name":"MISS DUNIA","builder":"Hargrave","year":0,"len":30.8,"price":2.92,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/miss-dunia-101-hargrave","source":"denison","refreshedAt":"2026-05-12T18:30:16.736Z","photoUrl":"https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085138950-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085138950-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085142930-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085145045-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085147020-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085140847-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085154905-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085157099-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085203011-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085204981-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085209282-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085218987-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085226048-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085233933-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085231935-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085239152-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085244228-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085247269-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085254021-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/50/2008-hargrave-raised-pilothouse-power-9665750-20250128085256164-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"367764930","callsign":"WDJ3115","beam":6,"datalasticUuid":"38853748-5802-449d-5932-d93adb99af7b","_priv":{"estimate":{"delta":8.848727865009257,"est":2.682622073104328,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No build year","No engine hours"]},"deal":{"verdict":"Premium ask · 9% over model","tone":"premium"},"cashflow":{"acquisition":2.92,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.29,"residual":2.74},{"year":2027,"yearIdx":1,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.56,"residual":2.58},{"year":2028,"yearIdx":2,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.82,"residual":2.43},{"year":2029,"yearIdx":3,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.06,"residual":2.28},{"year":2030,"yearIdx":4,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-1.29,"residual":2.14}],"totalOp":1.29,"totalCharter":0,"net5yr":-1.29,"residualY5":2.14,"netHoldCost":2.07,"netHoldCostPctOfAcq":70.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.92,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.61,"debt":1.31,"rateBps":625,"annualDebtCost":0.08,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.02,"debt":1.9,"rateBps":625,"annualDebtCost":0.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":2.35,"target":2.47,"ceiling":2.58,"baselineDiscountPct":15.5,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This Hargrave, 31m on deck is shown by appointment to qualified buyers. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"104-mangusta","name":"104 Mangusta 2023","builder":"Mangusta","year":0,"len":31.7,"price":11.75,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/104-mangusta","source":"denison","refreshedAt":"2026-05-12T18:30:26.175Z","photoUrl":"https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128111935016-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128111935016-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112027284-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112003908-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112015108-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128111949923-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112310623-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112136542-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250129114457477-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250129114436447-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112206911-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112228925-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112254069-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112329501-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112517452-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112552520-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250128112719006-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250129114315781-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250129114450285-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/30/2023-mangusta-104-rev-power-9662330-20250129114504635-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":261.10540987299345,"est":3.253897526523533,"label":"Over","cls":"o"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No build year","No engine hours","No location"]},"deal":{"verdict":"Premium ask · 261% over model","tone":"premium"},"cashflow":{"acquisition":11.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.18,"charterIncome":0,"netAnnual":-1.18,"cumulative":-1.18,"residual":11.04},{"year":2027,"yearIdx":1,"opCost":1.1,"charterIncome":0,"netAnnual":-1.1,"cumulative":-2.28,"residual":10.38},{"year":2028,"yearIdx":2,"opCost":1.04,"charterIncome":0,"netAnnual":-1.04,"cumulative":-3.32,"residual":9.76},{"year":2029,"yearIdx":3,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-4.3,"residual":9.17},{"year":2030,"yearIdx":4,"opCost":0.92,"charterIncome":0,"netAnnual":-0.92,"cumulative":-5.22,"residual":8.62}],"totalOp":5.22,"totalCharter":0,"net5yr":-5.22,"residualY5":8.62,"netHoldCost":8.35,"netHoldCostPctOfAcq":71.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":11.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.46,"debt":5.29,"rateBps":625,"annualDebtCost":0.33,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$330K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.11,"debt":7.64,"rateBps":625,"annualDebtCost":0.48,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.52,"target":7.99,"ceiling":8.46,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Mangusta is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 261% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This Mangusta, 32m on deck is shown by appointment to qualified buyers. Presented by Denison Yacht Sales.","v":3}},{"id":"seaquinn-112-westport","name":"SEAQUINN","builder":"Westport","year":2013,"len":34.1,"price":8,"city":"Cape Coral","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/seaquinn-112-westport","source":"denison","refreshedAt":"2026-05-12T21:00:28.300Z","photoUrl":"https://images.boatsgroup.com/resize/1/9/61/2013-westport-112--power-9400961-20240522094006342-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/9/61/2013-westport-112--power-9400961-20240522094006342-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617134740745-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617134734786-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617134752029-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/9/61/2013-westport-112--power-9400961-20240522093948292-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617134745718-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/9/61/2013-westport-112--power-9400961-20240522093949387-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123308840-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123304722-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123252854-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123256374-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123258301-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123300755-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123623194-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123627208-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123625288-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617125147696-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123629211-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/87/26/2013-westport-112--power-9408726-20240617123631511-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"367696120","callsign":"WDJ6449","beam":8,"datalasticUuid":"23003fc3-3860-2f2c-f947-840f637ae458","_priv":{"estimate":{"delta":1.1433411421644877,"est":7.909566670093887,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":8,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-0.8,"residual":7.64},{"year":2027,"yearIdx":1,"opCost":0.76,"charterIncome":0,"netAnnual":-0.76,"cumulative":-1.56,"residual":7.3},{"year":2028,"yearIdx":2,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-2.29,"residual":6.97},{"year":2029,"yearIdx":3,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-2.99,"residual":6.66},{"year":2030,"yearIdx":4,"opCost":0.67,"charterIncome":0,"netAnnual":-0.67,"cumulative":-3.66,"residual":6.36}],"totalOp":3.66,"totalCharter":0,"net5yr":-3.66,"residualY5":6.36,"netHoldCost":5.3,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.4,"debt":3.6,"rateBps":625,"annualDebtCost":0.23,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$230K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.8,"debt":5.2,"rateBps":625,"annualDebtCost":0.33,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.92,"target":6.24,"ceiling":6.56,"baselineDiscountPct":22,"strategy":"Segment-typical pricing. Standard 22%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This heritage Westport, delivered in 2013 at 34m represents the classic-platform era with a documented owner timeline. Lying in Cape Coral, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"living-the-experience-102-hatteras","name":"LIVING THE EXPERIENCE","builder":"Hatteras","year":0,"len":31.1,"price":8.2,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/living-the-experience-102-hatteras","source":"denison","refreshedAt":"2026-05-12T23:30:48.045Z","photoUrl":"https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210428955_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210428955_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210434968_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210429952_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210438979_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210436975_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210433000_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210425058_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210443031_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210436001_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210437973_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210426933_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210428017_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210430947_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210431990_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210434013_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210440013_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210441072_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210442030_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/12/57/9081257_20231009210444006_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":208.82921208420848,"est":2.655189237009129,"label":"Over","cls":"o"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No build year","No engine hours","No location"]},"deal":{"verdict":"Premium ask · 209% over model","tone":"premium"},"cashflow":{"acquisition":8.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.82,"charterIncome":0,"netAnnual":-0.82,"cumulative":-0.82,"residual":7.71},{"year":2027,"yearIdx":1,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-1.59,"residual":7.25},{"year":2028,"yearIdx":2,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-2.32,"residual":6.81},{"year":2029,"yearIdx":3,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-3,"residual":6.4},{"year":2030,"yearIdx":4,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-3.64,"residual":6.02}],"totalOp":3.64,"totalCharter":0,"net5yr":-3.64,"residualY5":6.02,"netHoldCost":5.82,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.51,"debt":3.69,"rateBps":625,"annualDebtCost":0.23,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$230K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.87,"debt":5.33,"rateBps":625,"annualDebtCost":0.33,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.25,"target":5.58,"ceiling":5.9,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 209% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This Hatteras, 31m on deck is shown by appointment to qualified buyers. Presented by Denison Yacht Sales.","v":3}},{"id":"brandi-wine-114-hargrave","name":"BRANDI WINE","builder":"Hargrave","year":2009,"len":34.7,"price":3.75,"city":"FL","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/brandi-wine-114-hargrave","source":"denison","refreshedAt":"2026-05-12T23:31:10.204Z","photoUrl":"https://images.boatsgroup.com/resize/1/64/31/966431_20240201133325563_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/64/31/966431_20240201133325563_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20240201133324565_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727063519395_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_0_20100811085738_1_0.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727063438610_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727063503527_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727063510141_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210726180330870_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210726180352244_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210726180402827_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20240207121004708_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727052907237_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727052917321_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727052926295_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727053023589_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727053407834_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727053811191_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727054123376_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/64/31/966431_20210727053601424_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"367495000","callsign":"WDL3822","beam":7,"datalasticUuid":"835508df-1397-4b7f-2ce1-22f105aabd7d","_priv":{"estimate":{"delta":-44.25450857626782,"est":6.727001420609121,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 44% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-0.38,"residual":3.58},{"year":2027,"yearIdx":1,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.74,"residual":3.42},{"year":2028,"yearIdx":2,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.08,"residual":3.27},{"year":2029,"yearIdx":3,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.41,"residual":3.12},{"year":2030,"yearIdx":4,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-1.72,"residual":2.98}],"totalOp":1.72,"totalCharter":0,"net5yr":-1.72,"residualY5":2.98,"netHoldCost":2.49,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.06,"debt":1.69,"rateBps":700,"annualDebtCost":0.12,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.31,"debt":2.44,"rateBps":700,"annualDebtCost":0.17,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.15,"target":3.3,"ceiling":3.45,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 44% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hargrave, delivered in 2009 at 35m represents the classic-platform era with a documented owner timeline. Lying in Fl, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"te-manu-162-codecasa","name":"TE MANU","builder":"Codecasa","year":1998,"len":49.4,"price":15,"city":"Viareggio","country":"Cayman Islands","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/te-manu-162-codecasa","source":"denison","refreshedAt":"2026-05-13T02:01:13.828Z","photoUrl":"https://images.boatsgroup.com/resize/1/96/44/6149644_20180226115911714_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/96/44/6149644_20180226115911714_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101446104_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101453138_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101501373_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101510505_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101519915_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101525799_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101837542_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101842724_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101847446_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101854113_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101901049_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220101909080_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220102056486_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220102105259_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220102115086_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220102120990_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220102127225_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/44/6149644_20171220102134078_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","imo":"1006269","mmsi":"319315000","callsign":"ZCRJ6","beam":9.5,"draught":2.9,"homePort":"GEORGE TOWN","datalasticUuid":"dec0fc52-57e4-e77a-080b-9d7d2ff66919","_priv":{"estimate":{"delta":11.799195896680574,"est":13.416912241356616,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 12% over model","tone":"premium"},"cashflow":{"acquisition":15,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.5,"charterIncome":0,"netAnnual":-1.5,"cumulative":-1.5,"residual":14.32},{"year":2027,"yearIdx":1,"opCost":1.43,"charterIncome":0,"netAnnual":-1.43,"cumulative":-2.93,"residual":13.68},{"year":2028,"yearIdx":2,"opCost":1.37,"charterIncome":0,"netAnnual":-1.37,"cumulative":-4.3,"residual":13.06},{"year":2029,"yearIdx":3,"opCost":1.31,"charterIncome":0,"netAnnual":-1.31,"cumulative":-5.61,"residual":12.47},{"year":2030,"yearIdx":4,"opCost":1.25,"charterIncome":0,"netAnnual":-1.25,"cumulative":-6.86,"residual":11.91}],"totalOp":6.86,"totalCharter":0,"net5yr":-6.86,"residualY5":11.91,"netHoldCost":9.95,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":15,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":9.75,"debt":5.25,"rateBps":700,"annualDebtCost":0.37,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$370K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.25,"debt":9.75,"rateBps":700,"annualDebtCost":0.68,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":10.69,"target":11.29,"ceiling":11.89,"baselineDiscountPct":24.7,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (28y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 12% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Codecasa, delivered in 1998 at 49m represents the classic-platform era with a documented owner timeline. Lying in Viareggio, Cayman Islands. Presented by Denison Yacht Sales.","v":3}},{"id":"112-westport","name":"CWELEBRATION","builder":"Westport","year":2000,"len":34.1,"price":2.5,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/112-westport","source":"denison","refreshedAt":"2026-05-13T04:01:27.705Z","photoUrl":"https://images.boatsgroup.com/resize/1/39/36/2000-westport-112-power-6743936-20260411221429304-0.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/39/36/2000-westport-112-power-6743936-20260411221429304-0.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20250501154848854-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240708170631773-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240609154209567-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240711172339913-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240711172352566-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20250324125904943-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240609141508233-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240711172408030-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240708170553996-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240708141802397-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240708170624505-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240708142212426-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240708141208732-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20250324125227257-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20250324125235843-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240711172456123-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20250324125640055-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/39/36/2000-westport-112--power-6743936-20240708170547883-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-51.759958519442705,"est":5.182416770946604,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Strong value · 52% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.25,"residual":2.39},{"year":2027,"yearIdx":1,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.49,"residual":2.28},{"year":2028,"yearIdx":2,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.72,"residual":2.18},{"year":2029,"yearIdx":3,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.94,"residual":2.08},{"year":2030,"yearIdx":4,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-1.15,"residual":1.99}],"totalOp":1.15,"totalCharter":0,"net5yr":-1.15,"residualY5":1.99,"netHoldCost":1.66,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.62,"debt":0.88,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.88,"debt":1.62,"rateBps":700,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.1,"target":2.2,"ceiling":2.3,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (26y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 52% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Westport, delivered in 2000 at 34m represents the classic-platform era with a documented owner timeline. Presented by Denison Yacht Sales.","v":3}},{"id":"risky-business-112-westport","name":"RISKY BUSINESS","builder":"Westport","year":2014,"len":34.1,"price":7.25,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/risky-business-112-westport","source":"denison","refreshedAt":"2026-05-13T07:01:03.551Z","photoUrl":"https://images.boatsgroup.com/resize/1/33/42/2014-westport-112--power-7703342-20250105052037674-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/33/42/2014-westport-112--power-7703342-20250105052037674-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103541153_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103521960_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103552128_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/2014-westport-112--power-7703342-20250105052042548-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103508928_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/2014-westport-112--power-7703342-20250113084557501-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/2014-westport-112--power-7703342-20250113084610885-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103505832_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/2014-westport-112--power-7703342-20250113084603887-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103506834_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/2014-westport-112--power-7703342-20250113084617769-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103507853_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103537132_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103504893_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103516941_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103518938_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103517932_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/33/42/7703342_20210104103520015_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":50.74949,"lon":-1.29035,"ts":"2026-05-16T17:50:50.040Z","sog":null},"coordPrecision":"live-ais","lat":50.74949,"lon":-1.29035,"mmsi":"367999470","callsign":"WDJ6710","beam":8,"datalasticUuid":"3d3b4fb6-ab08-f479-1459-373f98942b5c","_priv":{"estimate":{"delta":-11.27200398303621,"est":8.171039948444099,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 11% under model","tone":"value"},"cashflow":{"acquisition":7.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-0.73,"residual":6.92},{"year":2027,"yearIdx":1,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-1.42,"residual":6.61},{"year":2028,"yearIdx":2,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-2.08,"residual":6.31},{"year":2029,"yearIdx":3,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-2.71,"residual":6.03},{"year":2030,"yearIdx":4,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-3.31,"residual":5.76}],"totalOp":3.31,"totalCharter":0,"net5yr":-3.31,"residualY5":5.76,"netHoldCost":4.8,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.99,"debt":3.26,"rateBps":625,"annualDebtCost":0.2,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$200K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.54,"debt":4.71,"rateBps":625,"annualDebtCost":0.29,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":6.4,"target":6.69,"ceiling":6.98,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 11% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Westport, delivered in 2014 at 34m has settled into its proven-hull period with full systems history. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"slainte-iii-86-custom-line","name":"SLAINTE III","builder":"Custom Line","year":2013,"len":26.2,"price":2.5,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/slainte-iii-86-custom-line","source":"denison","refreshedAt":"2026-05-13T07:01:06.418Z","photoUrl":"https://images.boatsgroup.com/resize/1/19/70/2013-custom-line-navetta-26-crescendo-power-7721970-20250520132307067-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/19/70/2013-custom-line-navetta-26-crescendo-power-7721970-20250520132307067-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/19/70/2013-custom-line-navetta-power-7721970-20241213062557546-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110601438_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110559513_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110450384_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110619458_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110509678_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110545212_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110541161_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110537226_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110551429_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110629333_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110607455_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110625315_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110623353_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110549761_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110605510_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110603664_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/19/70/7721970_20210121110547977_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-44.445705397279625,"est":4.500102139497925,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Strong value · 44% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.3,"residual":2.39},{"year":2027,"yearIdx":1,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.59,"residual":2.28},{"year":2028,"yearIdx":2,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.86,"residual":2.18},{"year":2029,"yearIdx":3,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-1.12,"residual":2.08},{"year":2030,"yearIdx":4,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.37,"residual":1.99}],"totalOp":1.37,"totalCharter":0,"net5yr":-1.37,"residualY5":1.99,"netHoldCost":1.88,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.37,"debt":1.13,"rateBps":625,"annualDebtCost":0.07,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.88,"debt":1.62,"rateBps":625,"annualDebtCost":0.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":2.1,"target":2.2,"ceiling":2.3,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 44% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Custom Line, delivered in 2013 at 26m represents the classic-platform era with a documented owner timeline. Presented by Denison Yacht Sales.","v":3}},{"id":"mai-cat-86-catamaran","name":"MAI CAT","builder":"Catamaran","year":2025,"len":26.2,"price":3.6,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/mai-cat-86-catamaran","source":"denison","refreshedAt":"2026-05-13T07:01:20.078Z","photoUrl":"https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095830995_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095830995_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095912032_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095910059_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095914339_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095918368_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095921311_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095916342_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095923309_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095853320_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095856035_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095900379_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095839356_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095904025_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095908319_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095817097_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095818982_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095820957_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095822937_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/81/7850881_20210414095824669_1_XLARGE.jpg?w=800&h=533&format=webp"],"videoId":"v814E1SBy_4","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-43.53956161992369,"est":6.376146029483121,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Strong value · 44% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.6,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-0.43,"residual":3.28},{"year":2027,"yearIdx":1,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-0.82,"residual":2.98},{"year":2028,"yearIdx":2,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.18,"residual":2.8},{"year":2029,"yearIdx":3,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.52,"residual":2.63},{"year":2030,"yearIdx":4,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.84,"residual":2.47}],"totalOp":1.84,"totalCharter":0,"net5yr":-1.84,"residualY5":2.47,"netHoldCost":2.97,"netHoldCostPctOfAcq":82.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 83% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.6,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.98,"debt":1.62,"rateBps":625,"annualDebtCost":0.1,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.26,"debt":2.34,"rateBps":625,"annualDebtCost":0.15,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":3.28,"target":3.42,"ceiling":3.53,"baselineDiscountPct":5,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 44% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This current-generation Catamaran, delivered in 2025 at 26m is barely campaigned and reflects current build standards. Presented by Denison Yacht Sales.","v":3}},{"id":"97-cl-yachts","name":"97 CL 2022","builder":"Cl Yachts","year":2022,"len":29.6,"price":2.5,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/97-cl-yachts","source":"denison","refreshedAt":"2026-05-13T09:31:13.560Z","photoUrl":"https://images.boatsgroup.com/resize/1/97/70/2022-cl-yachts-clx96-power-7969770-20240422062105970-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/97/70/2022-cl-yachts-clx96-power-7969770-20240422062105970-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/97/70/2022-cl-yachts-clx96-power-7969770-20240419140632924-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20230106140417687_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816121728596_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073536612_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073543609_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073549243_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073554173_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073559228_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073604132_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073609513_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073615153_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073621244_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073626992_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073632537_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073637743_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073642462_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20210816073647516_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/70/7969770_20230106141004566_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-65.1796523631291,"est":7.179710053649137,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Strong value · 65% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.3,"residual":2.35},{"year":2027,"yearIdx":1,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-0.58,"residual":2.21},{"year":2028,"yearIdx":2,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.85,"residual":2.08},{"year":2029,"yearIdx":3,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.1,"residual":1.96},{"year":2030,"yearIdx":4,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.34,"residual":1.84}],"totalOp":1.34,"totalCharter":0,"net5yr":-1.34,"residualY5":1.84,"netHoldCost":2,"netHoldCostPctOfAcq":80,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.37,"debt":1.13,"rateBps":625,"annualDebtCost":0.07,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.88,"debt":1.62,"rateBps":625,"annualDebtCost":0.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":2.28,"target":2.38,"ceiling":2.45,"baselineDiscountPct":5,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 65% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This modern-era Cl Yachts, delivered in 2022 at 30m runs contemporary mechanicals and reads modern across the deckhouse. Presented by Denison Yacht Sales.","v":3}},{"id":"moatize-151-pendennis","name":"MOATIZE","builder":"Pendennis","year":1998,"len":46,"price":14.9,"city":"Cruising Southern Florida","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/moatize-151-pendennis","source":"denison","refreshedAt":"2026-05-13T09:31:16.592Z","photoUrl":"https://images.boatsgroup.com/resize/1/8/42/7980842_20210816050716737_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/8/42/7980842_20210816050716737_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072454436_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072150208_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072200497_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072205323_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072249670_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072331146_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072336129_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072341187_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210817073117280_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072303420_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072308093_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072312671_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072316304_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072320198_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072324722_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072328650_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072254405_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/8/42/7980842_20210809072209681_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","imo":"8947840","mmsi":"503486500","callsign":"VJN3559","_priv":{"estimate":{"delta":38.77070049534983,"est":10.73713683566748,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":14.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.49,"charterIncome":0,"netAnnual":-1.49,"cumulative":-1.49,"residual":14.23},{"year":2027,"yearIdx":1,"opCost":1.42,"charterIncome":0,"netAnnual":-1.42,"cumulative":-2.91,"residual":13.59},{"year":2028,"yearIdx":2,"opCost":1.36,"charterIncome":0,"netAnnual":-1.36,"cumulative":-4.27,"residual":12.98},{"year":2029,"yearIdx":3,"opCost":1.3,"charterIncome":0,"netAnnual":-1.3,"cumulative":-5.57,"residual":12.4},{"year":2030,"yearIdx":4,"opCost":1.24,"charterIncome":0,"netAnnual":-1.24,"cumulative":-6.81,"residual":11.84}],"totalOp":6.81,"totalCharter":0,"net5yr":-6.81,"residualY5":11.84,"netHoldCost":9.87,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":14.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":9.69,"debt":5.21,"rateBps":700,"annualDebtCost":0.36,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$360K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.21,"debt":9.69,"rateBps":700,"annualDebtCost":0.68,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":9.54,"target":10.13,"ceiling":10.73,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (28y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 39% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Pendennis, delivered in 1998 at 46m represents the classic-platform era with a documented owner timeline. Lying in Cruising Southern Florida. Presented by Denison Yacht Sales.","v":3}},{"id":"patron-97-ferretti-yachts","name":"PATRON","builder":"Ferretti Yachts","year":2008,"len":29.6,"price":3.15,"city":"Italy","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/patron-97-ferretti-yachts","source":"denison","refreshedAt":"2026-05-13T12:01:08.378Z","photoUrl":"https://images.boatsgroup.com/resize/1/92/41/8079241_20211022083826493_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/92/41/8079241_20211022083826493_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220615132731676_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20211022085103437_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20211022085115952_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20211022085121324_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110725842_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110732642_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110713058_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110738138_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110744162_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110750565_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110756162_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110802152_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110808155_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110814276_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110819993_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110825524_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110831179_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/41/8079241_20220325110837107_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":51.85981,"lon":6.07279,"ts":"2026-05-16T18:01:08.383Z","sog":null},"coordPrecision":"live-ais","lat":51.85981,"lon":6.07279,"mmsi":"338325118","beam":6,"datalasticUuid":"6c0fbf0e-77be-92d0-29d9-9836a7d5ab99","_priv":{"estimate":{"delta":-32.942682691648095,"est":4.6974739319129775,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 33% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.15,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-0.38,"residual":3.01},{"year":2027,"yearIdx":1,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.74,"residual":2.87},{"year":2028,"yearIdx":2,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.08,"residual":2.74},{"year":2029,"yearIdx":3,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.41,"residual":2.62},{"year":2030,"yearIdx":4,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-1.72,"residual":2.5}],"totalOp":1.72,"totalCharter":0,"net5yr":-1.72,"residualY5":2.5,"netHoldCost":2.37,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.15,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.05,"debt":1.1,"rateBps":700,"annualDebtCost":0.08,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.1,"debt":2.05,"rateBps":700,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.64,"target":2.77,"ceiling":2.89,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 33% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Yachts, delivered in 2008 at 30m represents the classic-platform era with a documented owner timeline. Lying in Italy, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"movin-day-88-riva","name":"MOVIN DAY","builder":"Riva","year":2017,"len":26.8,"price":5.25,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/movin-day-88-riva","source":"denison","refreshedAt":"2026-05-13T12:01:18.580Z","photoUrl":"https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132129392_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132129392_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132125324_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132132350_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132117413_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132123386_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132119400_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132127506_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132121416_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132131265_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132139556_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132230382_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132136296_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132137295_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132138265_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132134385_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132220404_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132141350_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132250492_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/16/8107516_20221028132143390_1_XLARGE.jpg?w=800&h=533&format=webp"],"videoId":"ZGOvJD23-Dc","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","mmsi":"368199510","callsign":"WDM3686","beam":6,"datalasticUuid":"8baea55a-637f-1961-ae25-69298019e2a7","_priv":{"estimate":{"delta":-2.6551499631026183,"est":5.393197480924827,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":5.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-0.63,"residual":4.93},{"year":2027,"yearIdx":1,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-1.22,"residual":4.63},{"year":2028,"yearIdx":2,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-1.78,"residual":4.42},{"year":2029,"yearIdx":3,"opCost":0.53,"charterIncome":0,"netAnnual":-0.53,"cumulative":-2.31,"residual":4.22},{"year":2030,"yearIdx":4,"opCost":0.51,"charterIncome":0,"netAnnual":-0.51,"cumulative":-2.82,"residual":4.03}],"totalOp":2.82,"totalCharter":0,"net5yr":-2.82,"residualY5":4.03,"netHoldCost":4.04,"netHoldCostPctOfAcq":77,"verdict":"Private use, no charter income modelled. Effective hold cost: 77% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.89,"debt":2.36,"rateBps":625,"annualDebtCost":0.15,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.84,"debt":3.41,"rateBps":625,"annualDebtCost":0.21,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.31,"target":4.51,"ceiling":4.73,"baselineDiscountPct":14,"strategy":"Segment-typical pricing. Standard 14%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Riva, delivered in 2017 at 27m has settled into its proven-hull period with full systems history. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"rhapsody-94-paragon","name":"RHAPSODY","builder":"Paragon","year":2009,"len":28.7,"price":2.1,"city":"","country":"Canada","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/rhapsody-94-paragon","source":"denison","refreshedAt":"2026-05-13T14:30:53.528Z","photoUrl":"https://images.boatsgroup.com/resize/1/37/98/8173798_20221216083902632_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/37/98/8173798_20221216083902632_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083518341_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083519451_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083520693_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083521838_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083523135_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083524294_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083531506_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083530367_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083533384_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083525884_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083527067_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083528018_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083529213_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083534475_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083535582_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083536527_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083537849_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/7/97/7340797_20200716083539150_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":48.50307,"lon":-122.60227,"ts":"2026-05-16T18:00:54.524Z","sog":null},"coordPrecision":"live-ais","lat":48.50307,"lon":-122.60227,"mmsi":"316007728","callsign":"CIA2020","beam":6,"datalasticUuid":"afb1c188-1800-f88f-b921-ecaad78e8d63","_priv":{"estimate":{"delta":-52.14747862059917,"est":4.388483489407084,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 52% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.1,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.25,"residual":2.01},{"year":2027,"yearIdx":1,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.49,"residual":1.92},{"year":2028,"yearIdx":2,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.72,"residual":1.83},{"year":2029,"yearIdx":3,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.94,"residual":1.75},{"year":2030,"yearIdx":4,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-1.15,"residual":1.67}],"totalOp":1.15,"totalCharter":0,"net5yr":-1.15,"residualY5":1.67,"netHoldCost":1.58,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.1,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.15,"debt":0.95,"rateBps":700,"annualDebtCost":0.07,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.73,"debt":1.37,"rateBps":700,"annualDebtCost":0.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.76,"target":1.85,"ceiling":1.93,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 52% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Paragon, delivered in 2009 at 29m represents the classic-platform era with a documented owner timeline. Lying in Canada. Presented by Denison Yacht Sales.","v":3}},{"id":"valkyrie-120-crescent","name":"VALKYRIE","builder":"Crescent","year":2001,"len":36.6,"price":4.2,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/valkyrie-120-crescent","source":"denison","refreshedAt":"2026-05-13T14:31:00.356Z","photoUrl":"https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114342781_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114342781_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114345609_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114347716_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114349976_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114352604_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114354833_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114356959_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114359549_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114402090_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114405467_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114408317_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114410852_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114413187_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114415559_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114418358_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114421449_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114423991_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114427054_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/73/8202173_20220201114430075_1_XLARGE.jpg?w=800&h=533&format=webp"],"videoId":"M8tXhKr0sXY","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":51.82175,"lon":4.04129,"ts":"2026-05-16T17:55:51.783Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":51.82175,"lon":4.04129,"mmsi":"367665270","callsign":"WDH9163","beam":8,"datalasticUuid":"443510d0-7c04-fc6b-32ef-b66f81f5a799","_priv":{"estimate":{"delta":-28.165381661003526,"est":5.846763158369797,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 28% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-0.42,"residual":4.01},{"year":2027,"yearIdx":1,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-0.82,"residual":3.83},{"year":2028,"yearIdx":2,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-1.2,"residual":3.66},{"year":2029,"yearIdx":3,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-1.57,"residual":3.5},{"year":2030,"yearIdx":4,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.92,"residual":3.34}],"totalOp":1.92,"totalCharter":0,"net5yr":-1.92,"residualY5":3.34,"netHoldCost":2.78,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.73,"debt":1.47,"rateBps":700,"annualDebtCost":0.1,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.47,"debt":2.73,"rateBps":700,"annualDebtCost":0.19,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.52,"target":3.69,"ceiling":3.86,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 28% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Crescent, delivered in 2001 at 37m represents the classic-platform era with a documented owner timeline. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"glen-ellen-100-president","name":"GLEN ELLEN","builder":"President","year":2002,"len":30.5,"price":1.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/glen-ellen-100-president","source":"denison","refreshedAt":"2026-05-13T14:31:18.416Z","photoUrl":"https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125354036-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125354036-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125355959-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125356912-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125358003-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125359930-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125401906-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125403948-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125404902-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125405901-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125406899-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125407896-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125408900-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125409898-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125410883-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125411917-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125412890-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125413897-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125414919-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125416065-1_XLARGE.jpg?w=800&h=533&format=webp"],"videoId":"rA_4NcmdR4I","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","mmsi":"338079165","callsign":"WDC8646","beam":6,"datalasticUuid":"03f77cf9-84e6-d3f0-9bdb-a163c4901556","_priv":{"estimate":{"delta":-62.57094017705456,"est":4.007581294041596,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 63% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.15,"residual":1.43},{"year":2027,"yearIdx":1,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.29,"residual":1.37},{"year":2028,"yearIdx":2,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.43,"residual":1.31},{"year":2029,"yearIdx":3,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.56,"residual":1.25},{"year":2030,"yearIdx":4,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.69,"residual":1.19}],"totalOp":0.69,"totalCharter":0,"net5yr":-0.69,"residualY5":1.19,"netHoldCost":1,"netHoldCostPctOfAcq":66.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.98,"debt":0.52,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.52,"debt":0.98,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.26,"target":1.32,"ceiling":1.38,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (24y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 63% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage President, delivered in 2002 at 31m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"laurel-240-delta-marine","name":"LAUREL","builder":"Delta Marine","year":2006,"len":73.2,"price":69.5,"city":"","country":"Cayman Islands","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/laurel-240-delta-marine","source":"denison","refreshedAt":"2026-05-13T14:31:28.542Z","photoUrl":"https://images.boatsgroup.com/resize/1/66/24/8266624_20220823102830708_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/66/24/8266624_20220823102830708_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220823102623912_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330150136139_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330150138080_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330150146616_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330150150971_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220926093126908_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220426105217019_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330150209234_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330150219547_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330150229923_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330150239220_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220930140158751_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220930140137161_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330150247836_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330150258765_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220930140047727_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220930140022544_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/66/24/8266624_20220330151834315_1_XLARGE.jpg?w=800&h=533&format=webp"],"videoId":"YoavC2I4cSg","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":1.19257,"lon":103.74793,"ts":"2026-05-16T17:51:05.711Z","sog":0.4},"coordPrecision":"live-ais","isDocked":true,"lat":1.19257,"lon":103.74793,"imo":"1008384","mmsi":"319914000","callsign":"ZCOV6","beam":12.27,"draught":3.6,"homePort":"GEORGE TOWN","datalasticUuid":"ccd30487-22c6-ec39-6de8-040983e83b21","_priv":{"estimate":{"delta":64.5282378942299,"est":42.24198890690083,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":69.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":6.25,"charterIncome":0,"netAnnual":-6.25,"cumulative":-6.25,"residual":66.37},{"year":2027,"yearIdx":1,"opCost":5.97,"charterIncome":0,"netAnnual":-5.97,"cumulative":-12.22,"residual":63.38},{"year":2028,"yearIdx":2,"opCost":5.7,"charterIncome":0,"netAnnual":-5.7,"cumulative":-17.92,"residual":60.53},{"year":2029,"yearIdx":3,"opCost":5.45,"charterIncome":0,"netAnnual":-5.45,"cumulative":-23.37,"residual":57.81},{"year":2030,"yearIdx":4,"opCost":5.2,"charterIncome":0,"netAnnual":-5.2,"cumulative":-28.57,"residual":55.21}],"totalOp":28.57,"totalCharter":0,"net5yr":-28.57,"residualY5":55.21,"netHoldCost":42.86,"netHoldCostPctOfAcq":61.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 62% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":69.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":45.18,"debt":24.32,"rateBps":650,"annualDebtCost":1.58,"thesis":"35% LTV at ~6.50% from a maritime specialist lender. Carrying cost ~$1.6M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":24.32,"debt":45.18,"rateBps":650,"annualDebtCost":2.94,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":44.48,"target":47.26,"ceiling":50.04,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Delta Marine is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 65% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Delta Marine, delivered in 2006 at 73m represents the classic-platform era with a documented owner timeline. Lying in Cayman Islands. Presented by Denison Yacht Sales.","v":3}},{"id":"tryst-94-lazzara","name":"TRYST","builder":"Lazzara","year":2002,"len":28.7,"price":2.79,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/tryst-94-lazzara","source":"denison","refreshedAt":"2026-05-13T17:01:33.972Z","photoUrl":"https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081442615-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081442615-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081446887-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081450127-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081454022-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081457678-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081501698-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081505489-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081508429-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081511620-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081514504-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081516269-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081518628-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081521604-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081524544-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081526510-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081528631-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081531812-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081534573-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/73/2002-lazzara-94-gssl-power-9469673-20241019081538633-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":40.43946,"lon":-73.96201,"ts":"2026-05-16T15:20:58.328Z","sog":null},"coordPrecision":"last-ais","lat":40.43946,"lon":-73.96201,"mmsi":"338434367","beam":3,"datalasticUuid":"3db00294-8ddc-c2be-27a9-3882f069c39e","_priv":{"estimate":{"delta":-20.17071612775051,"est":3.4949580713574067,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 20% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.79,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.33,"residual":2.66},{"year":2027,"yearIdx":1,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-0.65,"residual":2.54},{"year":2028,"yearIdx":2,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.95,"residual":2.43},{"year":2029,"yearIdx":3,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.24,"residual":2.32},{"year":2030,"yearIdx":4,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.52,"residual":2.22}],"totalOp":1.52,"totalCharter":0,"net5yr":-1.52,"residualY5":2.22,"netHoldCost":2.09,"netHoldCostPctOfAcq":74.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.79,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.81,"debt":0.98,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.98,"debt":1.81,"rateBps":700,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.34,"target":2.45,"ceiling":2.56,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (24y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 20% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Lazzara, delivered in 2002 at 29m represents the classic-platform era with a documented owner timeline. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"lady-j-142-palmer-johnson","name":"LADY J","builder":"Palmer Johnson","year":1997,"len":43.3,"price":7.5,"city":"Bahamas","country":"Cayman Islands","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/lady-j-142-palmer-johnson","source":"denison","refreshedAt":"2026-05-13T19:31:39.535Z","photoUrl":"https://images.boatsgroup.com/resize/1/58/0/8385800_20220706085610726_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/58/0/8385800_20220706085610726_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20220706090435941_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20220706090438580_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114008880_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114009881_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114010886_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114011809_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114012820_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114013925_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114014948_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114015939_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114016977_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114017933_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114019031_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114020002_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114022054_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114023058_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114025023_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/58/0/8385800_20221202114026029_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":39.56364,"lon":2.62897,"ts":"2026-05-16T17:30:58.948Z","sog":null},"coordPrecision":"live-ais","lat":39.56364,"lon":2.62897,"imo":"8979269","mmsi":"319723000","callsign":"ZCGH7","beam":8,"draught":2.5,"homePort":"GEORGE TOWN","datalasticUuid":"f5180b2e-88e9-702e-7a5f-1f67abef3399","_priv":{"estimate":{"delta":-13.560961396090438,"est":8.676635142099766,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 14% under model","tone":"value"},"cashflow":{"acquisition":7.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-0.75,"residual":7.16},{"year":2027,"yearIdx":1,"opCost":0.72,"charterIncome":0,"netAnnual":-0.72,"cumulative":-1.47,"residual":6.84},{"year":2028,"yearIdx":2,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-2.15,"residual":6.53},{"year":2029,"yearIdx":3,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-2.8,"residual":6.24},{"year":2030,"yearIdx":4,"opCost":0.62,"charterIncome":0,"netAnnual":-0.62,"cumulative":-3.42,"residual":5.96}],"totalOp":3.42,"totalCharter":0,"net5yr":-3.42,"residualY5":5.96,"netHoldCost":4.96,"netHoldCostPctOfAcq":66.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.87,"debt":2.63,"rateBps":700,"annualDebtCost":0.18,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$180K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.63,"debt":4.87,"rateBps":700,"annualDebtCost":0.34,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"},{"lever":"High-dockage location","rationale":"Marina charges in Bahamas are at the top of the curve — every month of unsold inventory bills the seller. Use the calendar.","strength":"soft","pointsOff":"1-2%"}],"bidIntel":{"opening":6.29,"target":6.59,"ceiling":6.89,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Palmer Johnson is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (29y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 14% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Palmer Johnson, delivered in 1997 at 43m represents the classic-platform era with a documented owner timeline. Lying in Bahamas, Cayman Islands. Presented by Denison Yacht Sales.","v":3}},{"id":"our-trade-88-riva","name":"OUR TRADE","builder":"Riva","year":2021,"len":26.8,"price":7.39,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/our-trade-88-riva","source":"denison","refreshedAt":"2026-05-13T22:00:12.403Z","photoUrl":"https://images.boatsgroup.com/resize/1/90/78/8409078_20240206111806647_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/90/78/8409078_20240206111806647_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206111749507_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206111753477_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206111757516_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206111801819_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206111815763_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112248920_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112429044_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112432006_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112434862_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112440129_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112442975_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112451125_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112530981_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112533824_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112537129_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112540984_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112543932_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/90/78/8409078_20240206112547176_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":20.309395490260908,"est":6.142496161572205,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Premium ask · 20% over model","tone":"premium"},"cashflow":{"acquisition":7.39,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-0.89,"residual":6.95},{"year":2027,"yearIdx":1,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-1.72,"residual":6.53},{"year":2028,"yearIdx":2,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-2.5,"residual":6.14},{"year":2029,"yearIdx":3,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-3.24,"residual":5.77},{"year":2030,"yearIdx":4,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-3.93,"residual":5.42}],"totalOp":3.93,"totalCharter":0,"net5yr":-3.93,"residualY5":5.42,"netHoldCost":5.9,"netHoldCostPctOfAcq":79.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.39,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.06,"debt":3.33,"rateBps":625,"annualDebtCost":0.21,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$210K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.59,"debt":4.8,"rateBps":625,"annualDebtCost":0.3,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.86,"target":6.16,"ceiling":6.45,"baselineDiscountPct":16.7,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 20% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Riva, delivered in 2021 at 27m runs contemporary mechanicals and reads modern across the deckhouse. Presented by Denison Yacht Sales.","v":3}},{"id":"curfew-ii-105-mengi-yay","name":"CURFEW II","builder":"Mengi Yay","year":2017,"len":32,"price":8.9,"city":"Turkey","country":"Marshall Islands","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/curfew-ii-105-mengi-yay","source":"denison","refreshedAt":"2026-05-13T22:00:40.887Z","photoUrl":"https://images.boatsgroup.com/resize/1/49/6/8474906_20220916082508950_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/49/6/8474906_20220916082508950_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915135008038_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915135013373_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134950867_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915135002645_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134956609_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134854176_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134802224_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915135019224_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134753189_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134834357_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134838786_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134843915_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915135046059_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915135041183_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134807432_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134757350_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134817588_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/49/6/8474906_20220915134812435_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"538071227","callsign":"V7NE2","beam":8,"datalasticUuid":"e0a9fa23-4ef1-0a1c-5169-9916bfc97d71","_priv":{"estimate":{"delta":22.384160399391142,"est":7.272182912360183,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 22% over model","tone":"premium"},"cashflow":{"acquisition":8.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-0.89,"residual":8.37},{"year":2027,"yearIdx":1,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-1.73,"residual":7.87},{"year":2028,"yearIdx":2,"opCost":0.79,"charterIncome":0,"netAnnual":-0.79,"cumulative":-2.52,"residual":7.52},{"year":2029,"yearIdx":3,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-3.27,"residual":7.18},{"year":2030,"yearIdx":4,"opCost":0.72,"charterIncome":0,"netAnnual":-0.72,"cumulative":-3.99,"residual":6.86}],"totalOp":3.99,"totalCharter":0,"net5yr":-3.99,"residualY5":6.86,"netHoldCost":6.03,"netHoldCostPctOfAcq":67.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 68% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.9,"debt":4,"rateBps":625,"annualDebtCost":0.25,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$250K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.11,"debt":5.79,"rateBps":625,"annualDebtCost":0.36,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":6.52,"target":6.88,"ceiling":7.24,"baselineDiscountPct":22.7,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 22% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Mengi Yay, delivered in 2017 at 32m has settled into its proven-hull period with full systems history. Lying in Turkey, Marshall Islands. Presented by Denison Yacht Sales.","v":3}},{"id":"lucky-again-85-pacific-mariner","name":"LUCKY AGAIN","builder":"Pacific Mariner","year":2006,"len":25.9,"price":2.87,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/lucky-again-85-pacific-mariner","source":"denison","refreshedAt":"2026-05-14T00:30:24.807Z","photoUrl":"https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111323234_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111323234_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111332543_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111339607_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111345077_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221119170841896_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221119170822165_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221119170809642_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111356933_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111353208_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221119170833590_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221119170827948_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111407697_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111424049_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111441384_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111453535_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111457024_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111503832_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111512836_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/18/89/8521889_20221120111515046_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"338433048","beam":6,"datalasticUuid":"559bd42d-cd5d-166c-3ee2-f72fb305c691","_priv":{"estimate":{"delta":-9.16543211755987,"est":3.159590084376699,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 9% under model","tone":"value"},"cashflow":{"acquisition":2.87,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.34,"residual":2.74},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.67,"residual":2.62},{"year":2028,"yearIdx":2,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-0.98,"residual":2.5},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.28,"residual":2.39},{"year":2030,"yearIdx":4,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.57,"residual":2.28}],"totalOp":1.57,"totalCharter":0,"net5yr":-1.57,"residualY5":2.28,"netHoldCost":2.16,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.87,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.87,"debt":1,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1,"debt":1.87,"rateBps":700,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.28,"target":2.4,"ceiling":2.51,"baselineDiscountPct":16.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 9% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Pacific Mariner, delivered in 2006 at 26m represents the classic-platform era with a documented owner timeline. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"impromptu-164-trinity-yachts","name":"IMPROMPTU","builder":"Trinity Yachts","year":2011,"len":50,"price":19.5,"city":"Fort Lauderdale","country":"Cayman Islands","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/impromptu-164-trinity-yachts","source":"denison","refreshedAt":"2026-05-14T00:30:32.801Z","photoUrl":"https://images.boatsgroup.com/resize/1/67/79/8526779_20230111123940491_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/67/79/8526779_20230111123940491_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121848268_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121524586_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121516362_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230117130945136_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121508678_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121825066_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121832879_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121716539_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230117130943089_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121659752_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121712610_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121651734_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121707614_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121924206_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121932076_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121415628_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111121423547_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/67/79/8526779_20230111122117980_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":26.11712,"lon":-80.10814,"ts":"2026-05-16T18:01:07.836Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":26.11712,"lon":-80.10814,"imo":"9599640","mmsi":"319769000","callsign":"ZGBJ3","beam":8.78,"draught":2.6,"homePort":"THE CREEK","datalasticUuid":"0b8e1d79-8d22-f2ab-28c2-4bfb23c52987","_priv":{"estimate":{"delta":3.1225242569840734,"est":18.90954487441122,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":19.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.95,"charterIncome":0,"netAnnual":-1.95,"cumulative":-1.95,"residual":18.62},{"year":2027,"yearIdx":1,"opCost":1.86,"charterIncome":0,"netAnnual":-1.86,"cumulative":-3.81,"residual":17.78},{"year":2028,"yearIdx":2,"opCost":1.78,"charterIncome":0,"netAnnual":-1.78,"cumulative":-5.59,"residual":16.98},{"year":2029,"yearIdx":3,"opCost":1.7,"charterIncome":0,"netAnnual":-1.7,"cumulative":-7.29,"residual":16.22},{"year":2030,"yearIdx":4,"opCost":1.62,"charterIncome":0,"netAnnual":-1.62,"cumulative":-8.91,"residual":15.49}],"totalOp":8.91,"totalCharter":0,"net5yr":-8.91,"residualY5":15.49,"netHoldCost":12.92,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":19.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":10.72,"debt":8.78,"rateBps":700,"annualDebtCost":0.61,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$610K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.82,"debt":12.68,"rateBps":700,"annualDebtCost":0.89,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":14.43,"target":15.21,"ceiling":15.99,"baselineDiscountPct":22,"strategy":"Segment-typical pricing. Standard 22%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Trinity Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Trinity Yachts, delivered in 2011 at 50m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Cayman Islands. Presented by Denison Yacht Sales.","v":3}},{"id":"sl86798-86-sanlorenzo","name":"SL86/798","builder":"Sanlorenzo","year":2023,"len":26.2,"price":9.21,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/sl86798-86-sanlorenzo","source":"denison","refreshedAt":"2026-05-14T03:00:26.117Z","photoUrl":"https://images.boatsgroup.com/resize/1/94/79/8559479_20221018101350903_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/94/79/8559479_20221018101350903_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/94/79/8559479_20221018101352923_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/79/8559479_20221018101353924_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":36.16806934659061,"est":6.76370021561931,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Premium ask · iconic Sanlorenzo, near-new","tone":"premium"},"cashflow":{"acquisition":9.21,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.11,"charterIncome":0,"netAnnual":-1.11,"cumulative":-1.11,"residual":8.89},{"year":2027,"yearIdx":1,"opCost":1.07,"charterIncome":0,"netAnnual":-1.07,"cumulative":-2.18,"residual":8.58},{"year":2028,"yearIdx":2,"opCost":1.03,"charterIncome":0,"netAnnual":-1.03,"cumulative":-3.21,"residual":8.28},{"year":2029,"yearIdx":3,"opCost":0.99,"charterIncome":0,"netAnnual":-0.99,"cumulative":-4.2,"residual":7.99},{"year":2030,"yearIdx":4,"opCost":0.96,"charterIncome":0,"netAnnual":-0.96,"cumulative":-5.16,"residual":7.71}],"totalOp":5.16,"totalCharter":0,"net5yr":-5.16,"residualY5":7.71,"netHoldCost":6.66,"netHoldCostPctOfAcq":72.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 72% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.21,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.07,"debt":4.14,"rateBps":625,"annualDebtCost":0.26,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$260K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.22,"debt":5.99,"rateBps":625,"annualDebtCost":0.37,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.76,"target":7.13,"ceiling":7.5,"baselineDiscountPct":22.6,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Sanlorenzo — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 36% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Sanlorenzo, delivered in 2023 at 26m carries the full tier-A pedigree and remains in its first-decade window. Presented by Denison Yacht Sales.","v":3}},{"id":"anjilis-105-holland-jachtbouw","name":"ANJILIS","builder":"Holland Jachtbouw","year":2004,"len":32,"price":6.9,"city":"","country":"Cayman Islands","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/anjilis-105-holland-jachtbouw","source":"denison","refreshedAt":"2026-05-14T03:00:27.772Z","photoUrl":"https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131343088_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131343088_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018130948636_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018130923827_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018130940655_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131004613_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131121850_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131112981_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131139321_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131155631_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131147593_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131214560_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131224373_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131204170_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131320686_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131302939_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131233873_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131243052_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131252513_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/72/8559772_20221018131312196_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"319072000","callsign":"ZCNP6","beam":6,"datalasticUuid":"5b06a49b-d9f6-d1b2-2a88-b159bec9ed27","_priv":{"estimate":{"delta":14.642859792202495,"est":6.018691449695769,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 15% over model","tone":"premium"},"cashflow":{"acquisition":6.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-0.69,"residual":6.59},{"year":2027,"yearIdx":1,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-1.35,"residual":6.29},{"year":2028,"yearIdx":2,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-1.98,"residual":6.01},{"year":2029,"yearIdx":3,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-2.58,"residual":5.74},{"year":2030,"yearIdx":4,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-3.15,"residual":5.48}],"totalOp":3.15,"totalCharter":0,"net5yr":-3.15,"residualY5":5.48,"netHoldCost":4.57,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.48,"debt":2.42,"rateBps":700,"annualDebtCost":0.17,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.42,"debt":4.48,"rateBps":700,"annualDebtCost":0.31,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":4.84,"target":5.12,"ceiling":5.39,"baselineDiscountPct":25.9,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 15% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Holland Jachtbouw, delivered in 2004 at 32m represents the classic-platform era with a documented owner timeline. Lying in Cayman Islands. Presented by Denison Yacht Sales.","v":3}},{"id":"houdini-92-mangusta","name":"HOUDINI","builder":"Mangusta","year":2007,"len":28,"price":1.95,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/houdini-92-mangusta","source":"denison","refreshedAt":"2026-05-14T03:00:31.644Z","photoUrl":"https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064839841_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064839841_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064916713_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064922995_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027065123328_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064818671_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064820879_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064822659_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064825233_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064828022_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064829673_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064831621_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064834064_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064835806_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064837863_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064841802_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064844051_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064845847_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064847906_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/17/8562217_20221027064850002_1_XLARGE.jpg?w=800&h=533&format=webp"],"videoId":"2ywLo-18vvY","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","mmsi":"338116438","beam":6,"datalasticUuid":"1636816b-c783-70d9-132f-7b49dd262004","_priv":{"estimate":{"delta":-55.904123971938255,"est":4.422182243888428,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 56% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.23,"residual":1.86},{"year":2027,"yearIdx":1,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.45,"residual":1.78},{"year":2028,"yearIdx":2,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.66,"residual":1.7},{"year":2029,"yearIdx":3,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.86,"residual":1.62},{"year":2030,"yearIdx":4,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-1.05,"residual":1.55}],"totalOp":1.05,"totalCharter":0,"net5yr":-1.05,"residualY5":1.55,"netHoldCost":1.45,"netHoldCostPctOfAcq":74.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 74% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.27,"debt":0.68,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.68,"debt":1.27,"rateBps":700,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.64,"target":1.71,"ceiling":1.79,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Mangusta is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 56% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Mangusta, delivered in 2007 at 28m represents the classic-platform era with a documented owner timeline. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"just-enough-141-custom","name":"JUST ENOUGH","builder":"Custom","year":2012,"len":43,"price":12.99,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/just-enough-141-custom","source":"denison","refreshedAt":"2026-05-14T03:00:36.125Z","photoUrl":"https://images.boatsgroup.com/resize/1/21/66/8572166_20221026080259977_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/21/66/8572166_20221026080259977_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/21/66/8572166_20221026080333150_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/8572166_20221026080346939_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062234820-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062236666-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062238713-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062240596-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062242748-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062244867-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062246732-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062248695-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062250781-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062252817-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062254830-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427064805868-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062256742-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062258774-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062300749-1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/66/2012-custom-tri-deck-power-8572166-20240427062302783-1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"367645290","datalasticUuid":"ba878f41-c8d3-2475-69a5-fbaea2cf1cbe","_priv":{"estimate":{"delta":8.106298307667377,"est":12.015951154881687,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 8% over model","tone":"premium"},"cashflow":{"acquisition":12.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.3,"charterIncome":0,"netAnnual":-1.3,"cumulative":-1.3,"residual":12.41},{"year":2027,"yearIdx":1,"opCost":1.24,"charterIncome":0,"netAnnual":-1.24,"cumulative":-2.54,"residual":11.85},{"year":2028,"yearIdx":2,"opCost":1.19,"charterIncome":0,"netAnnual":-1.19,"cumulative":-3.73,"residual":11.32},{"year":2029,"yearIdx":3,"opCost":1.13,"charterIncome":0,"netAnnual":-1.13,"cumulative":-4.86,"residual":10.81},{"year":2030,"yearIdx":4,"opCost":1.08,"charterIncome":0,"netAnnual":-1.08,"cumulative":-5.94,"residual":10.32}],"totalOp":5.94,"totalCharter":0,"net5yr":-5.94,"residualY5":10.32,"netHoldCost":8.61,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":12.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":7.14,"debt":5.85,"rateBps":625,"annualDebtCost":0.37,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$370K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.55,"debt":8.44,"rateBps":625,"annualDebtCost":0.53,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":9.45,"target":9.97,"ceiling":10.49,"baselineDiscountPct":23.2,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This heritage Custom, delivered in 2012 at 43m represents the classic-platform era with a documented owner timeline. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"serengeti-130-westport","name":"SERENGETI","builder":"Westport","year":2002,"len":39.6,"price":7.95,"city":"Newport Beach","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/serengeti-130-westport","source":"denison","refreshedAt":"2026-05-14T04:00:19.296Z","photoUrl":"https://images.boatsgroup.com/resize/1/34/88/2002-westport-flybridge-power-8593488-20260216104329913-1.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/34/88/2002-westport-flybridge-power-8593488-20260216104329913-1.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111075812407_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111075806511_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111075808453_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111075802681_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111075752309_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111075810395_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111075955367_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111080005032_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111080011130_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111075958946_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111080000978_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111080002988_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111080007013_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111080009044_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111080723629_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111080730831_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111080739143_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/88/8593488_20221111080746758_1_XLARGE.jpg?w=800&h=533&format=webp"],"videoId":"DN5JYNi7zIs","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","mmsi":"367344710","callsign":"WDE3827","beam":8,"datalasticUuid":"c74ac923-edf7-3879-b5dd-e78a31d582a2","_priv":{"estimate":{"delta":-1.2731336930803816,"est":8.052519336818854,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":7.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-0.8,"residual":7.59},{"year":2027,"yearIdx":1,"opCost":0.76,"charterIncome":0,"netAnnual":-0.76,"cumulative":-1.56,"residual":7.25},{"year":2028,"yearIdx":2,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-2.29,"residual":6.92},{"year":2029,"yearIdx":3,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-2.98,"residual":6.61},{"year":2030,"yearIdx":4,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-3.64,"residual":6.31}],"totalOp":3.64,"totalCharter":0,"net5yr":-3.64,"residualY5":6.31,"netHoldCost":5.28,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":5.17,"debt":2.78,"rateBps":700,"annualDebtCost":0.19,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$190K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.78,"debt":5.17,"rateBps":700,"annualDebtCost":0.36,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":5.88,"target":6.2,"ceiling":6.52,"baselineDiscountPct":22,"strategy":"Segment-typical pricing. Standard 22%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (24y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Westport, delivered in 2002 at 40m represents the classic-platform era with a documented owner timeline. Lying in Newport Beach, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"starship-185-delta-marine","name":"STARSHIP","builder":"Delta Marine","year":2001,"len":56.4,"price":15.5,"city":"Fort Lauderdale","country":"Jamaica","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/starship-185-delta-marine","source":"denison","refreshedAt":"2026-05-14T05:31:06.038Z","photoUrl":"https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064524227_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064524227_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064526693_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064529823_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064532818_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064536092_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064538961_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064541926_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064545040_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064548049_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064550797_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064553935_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064556858_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064559924_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064603100_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064606388_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064609097_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064612228_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064615175_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/11/8640011_20221229064617878_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","imo":"9024152","mmsi":"339172000","callsign":"6YVB4","beam":10,"draught":9,"datalasticUuid":"a3c82d09-fb35-f107-dedd-976212f60b85","_priv":{"estimate":{"delta":-14.974772222351765,"est":18.229883535901212,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 15% under model","tone":"value"},"cashflow":{"acquisition":15.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.55,"charterIncome":0,"netAnnual":-1.55,"cumulative":-1.55,"residual":14.8},{"year":2027,"yearIdx":1,"opCost":1.48,"charterIncome":0,"netAnnual":-1.48,"cumulative":-3.03,"residual":14.13},{"year":2028,"yearIdx":2,"opCost":1.41,"charterIncome":0,"netAnnual":-1.41,"cumulative":-4.44,"residual":13.49},{"year":2029,"yearIdx":3,"opCost":1.35,"charterIncome":0,"netAnnual":-1.35,"cumulative":-5.79,"residual":12.88},{"year":2030,"yearIdx":4,"opCost":1.29,"charterIncome":0,"netAnnual":-1.29,"cumulative":-7.08,"residual":12.3}],"totalOp":7.08,"totalCharter":0,"net5yr":-7.08,"residualY5":12.3,"netHoldCost":10.28,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":15.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":10.08,"debt":5.42,"rateBps":700,"annualDebtCost":0.38,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$380K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.42,"debt":10.08,"rateBps":700,"annualDebtCost":0.71,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":13,"target":13.62,"ceiling":14.24,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Delta Marine is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 15% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Delta Marine, delivered in 2001 at 56m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Jamaica. Presented by Denison Yacht Sales.","v":3}},{"id":"mandala-95-sunseeker","name":"MANDALA","builder":"Sunseeker","year":2021,"len":29,"price":5.95,"city":"","country":"Virgin Islands (British)","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/mandala-95-sunseeker","source":"denison","refreshedAt":"2026-05-14T08:00:32.319Z","photoUrl":"https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062135541_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062135541_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062142670_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062151069_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062201889_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062208948_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062215689_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062224664_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062231391_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062239780_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062245926_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062255320_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062412489_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062834155_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062841829_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062732865_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062741929_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062750362_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062723372_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/4/8665204_20230123062800929_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":33.7586,"lon":-118.18982,"ts":"2026-05-16T17:41:04.983Z","sog":null},"coordPrecision":"live-ais","lat":33.7586,"lon":-118.18982,"mmsi":"378113409","callsign":"ZJ2492","beam":7,"datalasticUuid":"18b7e852-035b-c0bf-fe22-408fa6990481","_priv":{"estimate":{"delta":-13.09533563132295,"est":6.846583026612035,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 13% under model","tone":"value"},"cashflow":{"acquisition":5.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-0.71,"residual":5.59},{"year":2027,"yearIdx":1,"opCost":0.67,"charterIncome":0,"netAnnual":-0.67,"cumulative":-1.38,"residual":5.25},{"year":2028,"yearIdx":2,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-2.01,"residual":4.93},{"year":2029,"yearIdx":3,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-2.6,"residual":4.63},{"year":2030,"yearIdx":4,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-3.16,"residual":4.35}],"totalOp":3.16,"totalCharter":0,"net5yr":-3.16,"residualY5":4.35,"netHoldCost":4.76,"netHoldCostPctOfAcq":80,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.27,"debt":2.68,"rateBps":625,"annualDebtCost":0.17,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.08,"debt":3.87,"rateBps":625,"annualDebtCost":0.24,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.42,"target":5.66,"ceiling":5.83,"baselineDiscountPct":5,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 13% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This modern-era Sunseeker, delivered in 2021 at 29m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Virgin Islands (british). Presented by Denison Yacht Sales.","v":3}},{"id":"bella-tu-90-horizon","name":"BELLA TU","builder":"Horizon","year":2019,"len":27.4,"price":6.5,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/bella-tu-90-horizon","source":"denison","refreshedAt":"2026-05-14T10:30:24.393Z","photoUrl":"https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_1.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_1.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_0.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_2.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_3.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_4.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_5.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_6.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_7.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_8.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_9.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_10.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_11.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_12.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_13.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_14.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_15.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_16.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_17.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/0/53/8680053_0_030220230626_18.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":26.06004,"lon":-80.12902,"ts":"2026-05-16T13:15:59.231Z","sog":null},"coordPrecision":"last-ais","lat":26.06004,"lon":-80.12902,"mmsi":"368103410","callsign":"WDK9407","beam":8,"datalasticUuid":"e4675968-026f-9c02-a0f1-ffe75bb06e48","_priv":{"estimate":{"delta":25.35136228408889,"est":5.185424299792439,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 25% over model","tone":"premium"},"cashflow":{"acquisition":6.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-0.78,"residual":6.11},{"year":2027,"yearIdx":1,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-1.51,"residual":5.74},{"year":2028,"yearIdx":2,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-2.2,"residual":5.4},{"year":2029,"yearIdx":3,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-2.85,"residual":5.08},{"year":2030,"yearIdx":4,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-3.46,"residual":4.85}],"totalOp":3.46,"totalCharter":0,"net5yr":-3.46,"residualY5":4.85,"netHoldCost":5.11,"netHoldCostPctOfAcq":78.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 79% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.57,"debt":2.93,"rateBps":625,"annualDebtCost":0.18,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$180K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.27,"debt":4.23,"rateBps":625,"annualDebtCost":0.26,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.67,"target":4.93,"ceiling":5.19,"baselineDiscountPct":24.2,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 25% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Horizon, delivered in 2019 at 27m has settled into its proven-hull period with full systems history. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"quantum-125-broward","name":"QUANTUM","builder":"Broward","year":1989,"len":38.1,"price":3.9,"city":"Fort Launderdale","country":"Cayman Islands","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/quantum-125-broward","source":"denison","refreshedAt":"2026-05-14T10:30:28.392Z","photoUrl":"https://images.boatsgroup.com/resize/1/80/16/8358016_20220615150057380_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/80/16/8358016_20220615150057380_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144656180_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144705714_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144711202_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144716975_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144721839_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144726704_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144731994_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144738179_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144744373_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144748753_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144753733_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144758977_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144805186_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144810002_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144816392_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144820866_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144825958_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/80/16/8358016_20220615144831776_1_XLARGE.jpg?w=800&h=533&format=webp"],"videoId":"dUc1_PLgF_c","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":53.53295,"lon":9.96287,"ts":"2026-05-16T17:36:04.582Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":53.53295,"lon":9.96287,"mmsi":"319232100","callsign":"ZGPQ7","beam":7,"datalasticUuid":"3232e562-d260-b90e-62b9-060cc0decc06","_priv":{"estimate":{"delta":-4.966404576120487,"est":4.103811902101338,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":3.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-0.39,"residual":3.72},{"year":2027,"yearIdx":1,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-0.76,"residual":3.55},{"year":2028,"yearIdx":2,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.11,"residual":3.39},{"year":2029,"yearIdx":3,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.45,"residual":3.24},{"year":2030,"yearIdx":4,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.77,"residual":3.09}],"totalOp":1.77,"totalCharter":0,"net5yr":-1.77,"residualY5":3.09,"netHoldCost":2.58,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.54,"debt":1.36,"rateBps":700,"annualDebtCost":0.1,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.36,"debt":2.54,"rateBps":700,"annualDebtCost":0.18,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.1,"target":3.26,"ceiling":3.41,"baselineDiscountPct":16.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (37y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Broward, delivered in 1989 at 38m represents the classic-platform era with a documented owner timeline. Lying in Fort Launderdale, Cayman Islands. Presented by Denison Yacht Sales.","v":3}},{"id":"85-stephens","name":"85 Stephens 1981","builder":"Stephens","year":1981,"len":25.9,"price":1.8,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/85-stephens","source":"denison","refreshedAt":"2026-05-14T13:00:36.141Z","photoUrl":"https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102248717_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102248717_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102250659_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102252714_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102206512_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102208466_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230313094040086_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230313094038315_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102233620_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102231605_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102246670_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102214548_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102210556_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102212573_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102216544_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102218299_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102229592_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102237606_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102244640_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/74/57/8707457_20230303102239603_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-0.9104960449178597,"est":1.816539520488417,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":null,"cashflow":{"acquisition":1.8,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.22,"residual":1.72},{"year":2027,"yearIdx":1,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.43,"residual":1.64},{"year":2028,"yearIdx":2,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.63,"residual":1.57},{"year":2029,"yearIdx":3,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.82,"residual":1.5},{"year":2030,"yearIdx":4,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-1,"residual":1.43}],"totalOp":1,"totalCharter":0,"net5yr":-1,"residualY5":1.43,"netHoldCost":1.37,"netHoldCostPctOfAcq":76.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.8,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.17,"debt":0.63,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.63,"debt":1.17,"rateBps":700,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.33,"target":1.4,"ceiling":1.48,"baselineDiscountPct":22,"strategy":"Segment-typical pricing. Standard 22%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (45y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Stephens, delivered in 1981 at 26m represents the classic-platform era with a documented owner timeline. Presented by Denison Yacht Sales.","v":3}},{"id":"80-lazzara","name":"80 Lazzara 2004","builder":"Lazzara","year":2004,"len":24.4,"price":1.4,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/80-lazzara","source":"denison","refreshedAt":"2026-05-14T13:00:49.144Z","photoUrl":"https://images.boatsgroup.com/resize/1/94/15/8729415_20230306064321431_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/94/15/8729415_20230306064321431_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306064324907_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306064329218_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306064333128_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306064337380_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306064341189_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306064345094_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306064349041_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065619803_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065624892_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065613949_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065556127_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065536615_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065643144_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065632856_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065637998_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065541583_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065628635_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/94/15/8729415_20230306065531030_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-45.91909646980783,"est":2.5887141460541816,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Strong value · 46% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.17,"residual":1.34},{"year":2027,"yearIdx":1,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.33,"residual":1.28},{"year":2028,"yearIdx":2,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.48,"residual":1.22},{"year":2029,"yearIdx":3,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.63,"residual":1.17},{"year":2030,"yearIdx":4,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.77,"residual":1.12}],"totalOp":0.77,"totalCharter":0,"net5yr":-0.77,"residualY5":1.12,"netHoldCost":1.05,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.91,"debt":0.49,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.49,"debt":0.91,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.17,"target":1.23,"ceiling":1.29,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 46% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Lazzara, delivered in 2004 at 24m represents the classic-platform era with a documented owner timeline. Presented by Denison Yacht Sales.","v":3}},{"id":"108-sunseeker","name":"108 Sunseeker 2007","builder":"Sunseeker","year":2007,"len":32.9,"price":2.7,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/108-sunseeker","source":"denison","refreshedAt":"2026-05-14T13:00:54.888Z","photoUrl":"https://images.boatsgroup.com/resize/1/97/55/8729755_20230414142208770_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/97/55/8729755_20230414142208770_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230414142212065_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230414142214743_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230414142217692_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230517202053977_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230517202100421_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230517202106511_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230517202112342_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230517202118126_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/24/7460624_20220526231324614_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/24/7460624_20220526231424262_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/24/7460624_20220526231433058_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230517202842018_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230517202848356_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230517202854814_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230517202900053_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/97/55/8729755_20230517202906220_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/24/7460624_20220526232054131_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/6/24/7460624_20220526232059475_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-53.18989582599863,"est":5.767985454515603,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Strong value · 53% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.7,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.27,"residual":2.58},{"year":2027,"yearIdx":1,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.53,"residual":2.46},{"year":2028,"yearIdx":2,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.78,"residual":2.35},{"year":2029,"yearIdx":3,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.02,"residual":2.24},{"year":2030,"yearIdx":4,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-1.24,"residual":2.14}],"totalOp":1.24,"totalCharter":0,"net5yr":-1.24,"residualY5":2.14,"netHoldCost":1.8,"netHoldCostPctOfAcq":66.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.7,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.76,"debt":0.94,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.94,"debt":1.76,"rateBps":700,"annualDebtCost":0.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.27,"target":2.37,"ceiling":2.48,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 53% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sunseeker, delivered in 2007 at 33m represents the classic-platform era with a documented owner timeline. Presented by Denison Yacht Sales.","v":3}},{"id":"claire-100-hatteras","name":"CLAIRE","builder":"Hatteras","year":2003,"len":30.5,"price":3.29,"city":"","country":"Jamaica","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/claire-100-hatteras","source":"denison","refreshedAt":"2026-05-14T15:30:49.125Z","photoUrl":"https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115822126_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115822126_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115931573_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115932568_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115933632_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115935705_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115937819_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115917520_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115918531_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115920557_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115921537_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115922557_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115924554_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115925559_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115926565_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115927567_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115928554_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115929552_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115941807_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/57/18/8735718_20230310115939920_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"339809000","callsign":"6WYC3","beam":7,"datalasticUuid":"53f93c82-f1ce-1c18-30a1-63e2c7057c67","_priv":{"estimate":{"delta":-17.941288674373716,"est":4.009324478597508,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 18% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.29,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.33,"residual":3.14},{"year":2027,"yearIdx":1,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-0.64,"residual":3},{"year":2028,"yearIdx":2,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.94,"residual":2.86},{"year":2029,"yearIdx":3,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.23,"residual":2.73},{"year":2030,"yearIdx":4,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-1.5,"residual":2.61}],"totalOp":1.5,"totalCharter":0,"net5yr":-1.5,"residualY5":2.61,"netHoldCost":2.18,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.29,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.14,"debt":1.15,"rateBps":700,"annualDebtCost":0.08,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.15,"debt":2.14,"rateBps":700,"annualDebtCost":0.15,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.76,"target":2.89,"ceiling":3.02,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (23y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 18% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hatteras, delivered in 2003 at 31m represents the classic-platform era with a documented owner timeline. Lying in Jamaica. Presented by Denison Yacht Sales.","v":3}},{"id":"106-ocean-alexander","name":"106 Ocean Alexander 2023","builder":"Ocean Alexander","year":2023,"len":32.3,"price":10.95,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/106-ocean-alexander","source":"denison","refreshedAt":"2026-05-14T15:31:14.624Z","photoUrl":"https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970081280-0-221020241209-8.png?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970081280-0-221020241209-8.png?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970127686-0-231020241222-0.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970081281-0-221020241209-6.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970081287-0-221020241209-3.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970081283-0-221020241209-7.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970079997-0-221020241150-0.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970080015-0-221020241150-1.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970080006-0-221020241150-16.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970080016-0-221020241150-15.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970080013-0-221020241150-14.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970080008-0-221020241150-6.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970080009-0-221020241150-7.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970079998-0-221020241150-10.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970080007-0-221020241150-8.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970080012-0-221020241150-9.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970079995-0-221020241150-11.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970126354-0-231020241151-11.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970126351-0-231020241151-13.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/0/2023-ocean-alexander-32e-power-9473800-970080011-0-221020241150-3.png?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":25.261908129276005,"est":8.741683855477516,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Premium ask · 25% over model","tone":"premium"},"cashflow":{"acquisition":10.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-1.09,"residual":10.29},{"year":2027,"yearIdx":1,"opCost":1.03,"charterIncome":0,"netAnnual":-1.03,"cumulative":-2.12,"residual":9.67},{"year":2028,"yearIdx":2,"opCost":0.97,"charterIncome":0,"netAnnual":-0.97,"cumulative":-3.09,"residual":9.09},{"year":2029,"yearIdx":3,"opCost":0.91,"charterIncome":0,"netAnnual":-0.91,"cumulative":-4,"residual":8.54},{"year":2030,"yearIdx":4,"opCost":0.85,"charterIncome":0,"netAnnual":-0.85,"cumulative":-4.85,"residual":8.03}],"totalOp":4.85,"totalCharter":0,"net5yr":-4.85,"residualY5":8.03,"netHoldCost":7.77,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.02,"debt":4.93,"rateBps":625,"annualDebtCost":0.31,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$310K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.83,"debt":7.12,"rateBps":625,"annualDebtCost":0.45,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.42,"target":8.86,"ceiling":9.29,"baselineDiscountPct":19.1,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 25% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Ocean Alexander, delivered in 2023 at 32m runs contemporary mechanicals and reads modern across the deckhouse. Presented by Denison Yacht Sales.","v":3}},{"id":"far-niente-100-ocean-alexander","name":"FAR NIENTE","builder":"Ocean Alexander","year":2018,"len":30.5,"price":6,"city":"Miller Place","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/far-niente-100-ocean-alexander","source":"denison","refreshedAt":"2026-05-14T18:01:03.342Z","photoUrl":"https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974347-0-250620240918-0.png?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974347-0-250620240918-0.png?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974328-0-250620240918-1.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974364-0-250620240918-2.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974344-0-250620240918-3.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974370-0-250620240918-4.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974345-0-250620240918-5.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974373-0-250620240918-6.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974377-0-250620240918-7.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974361-0-250620240918-8.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974341-0-250620240918-9.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974339-0-250620240918-10.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974368-0-250620240918-11.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974329-0-250620240918-12.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974380-0-250620240918-13.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974337-0-250620240918-14.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974372-0-250620240918-15.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974358-0-250620240918-16.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974353-0-250620240918-17.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/52/98/2018-ocean-alexander-100-motoryacht-power-8755298-964974365-0-250620240918-18.png?w=800&h=533&format=webp"],"videoId":"rFHDcdLzdQk","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":48.72994,"lon":-123.22858,"ts":"2026-05-16T14:51:12.243Z","sog":null},"coordPrecision":"last-ais","lat":48.72994,"lon":-123.22858,"mmsi":"367535490","callsign":"WDG4336","beam":6,"datalasticUuid":"086050ba-ed89-2bda-5ba0-64bc3443da10","_priv":{"estimate":{"delta":-8.122238731203216,"est":6.5304159756858375,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 8% under model","tone":"value"},"cashflow":{"acquisition":6,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-0.6,"residual":5.64},{"year":2027,"yearIdx":1,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-1.16,"residual":5.3},{"year":2028,"yearIdx":2,"opCost":0.53,"charterIncome":0,"netAnnual":-0.53,"cumulative":-1.69,"residual":4.98},{"year":2029,"yearIdx":3,"opCost":0.5,"charterIncome":0,"netAnnual":-0.5,"cumulative":-2.19,"residual":4.76},{"year":2030,"yearIdx":4,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-2.67,"residual":4.55}],"totalOp":2.67,"totalCharter":0,"net5yr":-2.67,"residualY5":4.55,"netHoldCost":4.12,"netHoldCostPctOfAcq":68.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 69% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.3,"debt":2.7,"rateBps":625,"annualDebtCost":0.17,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.1,"debt":3.9,"rateBps":625,"annualDebtCost":0.24,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":5.13,"target":5.37,"ceiling":5.61,"baselineDiscountPct":10.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 8% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Ocean Alexander, delivered in 2018 at 31m has settled into its proven-hull period with full systems history. Lying in Miller Place, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"dont-tell-mom-96-sanlorenzo","name":"DON'T TELL MOM","builder":"Sanlorenzo","year":2021,"len":29.3,"price":6.5,"city":"Fort Lauderdale","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/dont-tell-mom-96-sanlorenzo","source":"denison","refreshedAt":"2026-05-14T18:01:06.687Z","photoUrl":"https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231113_0.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231113_0.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231114_1.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231114_2.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231114_3.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231114_4.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231114_5.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231123_6.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231114_7.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231115_8.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231115_9.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231123_10.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231115_11.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231115_12.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231115_13.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231116_14.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231116_15.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_953435181_0_191020231235_16.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_953435180_0_191020231235_17.png?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/75/32/8757532_0_010720231116_18.jpg?w=800&h=533&format=webp"],"videoId":"Xv7vpNd5Du8","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-20.254891847948446,"est":8.150970198204915,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 20% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":6.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-0.78,"residual":6.27},{"year":2027,"yearIdx":1,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-1.53,"residual":6.05},{"year":2028,"yearIdx":2,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-2.26,"residual":5.84},{"year":2029,"yearIdx":3,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-2.96,"residual":5.64},{"year":2030,"yearIdx":4,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-3.64,"residual":5.44}],"totalOp":3.64,"totalCharter":0,"net5yr":-3.64,"residualY5":5.44,"netHoldCost":4.7,"netHoldCostPctOfAcq":72.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 72% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.57,"debt":2.93,"rateBps":625,"annualDebtCost":0.18,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$180K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.27,"debt":4.23,"rateBps":625,"annualDebtCost":0.26,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.99,"target":6.25,"ceiling":6.37,"baselineDiscountPct":3.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Sanlorenzo — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 20% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This modern-era Sanlorenzo, delivered in 2021 at 29m carries the full tier-A pedigree and remains in its first-decade window. Lying in Fort Lauderdale. Presented by Denison Yacht Sales.","v":3}},{"id":"200-custom","name":"200 Custom 2025","builder":"Custom","year":2025,"len":61,"price":69.5,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/200-custom","source":"denison","refreshedAt":"2026-05-14T20:31:04.769Z","photoUrl":"https://images.boatsgroup.com/resize/1/99/96/8809996_20230415074310022_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/99/96/8809996_20230415074310022_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/99/96/8809996_20230415074402918_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/96/8809996_20230415074406857_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/96/8809996_20230415074410983_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/96/8809996_20230415074414773_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/99/96/8809996_20230415074418921_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":54.50294529580667,"est":44.98296124189568,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Premium ask · 55% over model","tone":"premium"},"cashflow":{"acquisition":69.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":6.25,"charterIncome":0,"netAnnual":-6.25,"cumulative":-6.25,"residual":63.25},{"year":2027,"yearIdx":1,"opCost":5.69,"charterIncome":0,"netAnnual":-5.69,"cumulative":-11.94,"residual":57.56},{"year":2028,"yearIdx":2,"opCost":5.18,"charterIncome":0,"netAnnual":-5.18,"cumulative":-17.12,"residual":54.11},{"year":2029,"yearIdx":3,"opCost":4.87,"charterIncome":0,"netAnnual":-4.87,"cumulative":-21.99,"residual":50.86},{"year":2030,"yearIdx":4,"opCost":4.58,"charterIncome":0,"netAnnual":-4.58,"cumulative":-26.57,"residual":47.81}],"totalOp":26.57,"totalCharter":0,"net5yr":-26.57,"residualY5":47.81,"netHoldCost":48.26,"netHoldCostPctOfAcq":69.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 69% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":69.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 60% LTV","cashAtClose":27.8,"debt":41.7,"rateBps":575,"annualDebtCost":2.4,"thesis":"60% LTV at ~5.75% from a maritime specialist lender. Carrying cost ~$2.4M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":24.32,"debt":45.18,"rateBps":575,"annualDebtCost":2.6,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":44.48,"target":47.26,"ceiling":50.04,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 55% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Custom, delivered in 2025 at 61m is barely campaigned and reflects current build standards. Presented by Denison Yacht Sales.","v":3}},{"id":"226-custom","name":"226 Custom 2024","builder":"Custom","year":2024,"len":68.9,"price":69.5,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/226-custom","source":"denison","refreshedAt":"2026-05-14T20:31:06.808Z","photoUrl":"https://images.boatsgroup.com/resize/1/5/47/8810547_20230415194413986_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/5/47/8810547_20230415194413986_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/5/47/8810547_20230415194407987_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/5/47/8810547_20230415194400812_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/5/47/8810547_20230415194405053_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/5/47/8810547_20230415194410919_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/5/47/8810547_20230415194417879_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/5/47/8810547_20230415194420937_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":27.525562855834547,"est":54.49887727887824,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Premium ask · 28% over model","tone":"premium"},"cashflow":{"acquisition":69.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":6.25,"charterIncome":0,"netAnnual":-6.25,"cumulative":-6.25,"residual":63.25},{"year":2027,"yearIdx":1,"opCost":5.69,"charterIncome":0,"netAnnual":-5.69,"cumulative":-11.94,"residual":59.45},{"year":2028,"yearIdx":2,"opCost":5.35,"charterIncome":0,"netAnnual":-5.35,"cumulative":-17.29,"residual":55.88},{"year":2029,"yearIdx":3,"opCost":5.03,"charterIncome":0,"netAnnual":-5.03,"cumulative":-22.32,"residual":52.53},{"year":2030,"yearIdx":4,"opCost":4.73,"charterIncome":0,"netAnnual":-4.73,"cumulative":-27.05,"residual":49.38}],"totalOp":27.05,"totalCharter":0,"net5yr":-27.05,"residualY5":49.38,"netHoldCost":47.17,"netHoldCostPctOfAcq":67.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 68% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":69.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 60% LTV","cashAtClose":27.8,"debt":41.7,"rateBps":575,"annualDebtCost":2.4,"thesis":"60% LTV at ~5.75% from a maritime specialist lender. Carrying cost ~$2.4M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":24.32,"debt":45.18,"rateBps":575,"annualDebtCost":2.6,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":52.64,"target":55.42,"ceiling":58.2,"baselineDiscountPct":20.3,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 28% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Custom, delivered in 2024 at 69m is barely campaigned and reflects current build standards. Presented by Denison Yacht Sales.","v":3}},{"id":"fd100-908-in-production-100-horizon","name":"FD100-908 - IN PRODUCTION","builder":"Horizon","year":2024,"len":30.5,"price":12.9,"city":"IN PRODUCTION Yacht for Sale","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/fd100-908-in-production-100-horizon","source":"denison","refreshedAt":"2026-05-14T20:31:08.431Z","photoUrl":"https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230726_0.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230726_0.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230726_1.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230726_2.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230726_3.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230727_4.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230727_5.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230727_6.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230727_7.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230728_8.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230728_9.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230728_10.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230728_11.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230728_12.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230728_13.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230729_14.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230729_15.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230729_16.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230729_17.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/34/56/8813456_0_170420230729_18.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":66.12933480590166,"est":7.765034402305772,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 66% over model","tone":"premium"},"cashflow":{"acquisition":12.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.29,"charterIncome":0,"netAnnual":-1.29,"cumulative":-1.29,"residual":11.74},{"year":2027,"yearIdx":1,"opCost":1.17,"charterIncome":0,"netAnnual":-1.17,"cumulative":-2.46,"residual":11.04},{"year":2028,"yearIdx":2,"opCost":1.1,"charterIncome":0,"netAnnual":-1.1,"cumulative":-3.56,"residual":10.38},{"year":2029,"yearIdx":3,"opCost":1.04,"charterIncome":0,"netAnnual":-1.04,"cumulative":-4.6,"residual":9.76},{"year":2030,"yearIdx":4,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-5.58,"residual":9.17}],"totalOp":5.58,"totalCharter":0,"net5yr":-5.58,"residualY5":9.17,"netHoldCost":9.31,"netHoldCostPctOfAcq":72.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 72% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":12.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":7.09,"debt":5.81,"rateBps":625,"annualDebtCost":0.36,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$360K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.51,"debt":8.39,"rateBps":625,"annualDebtCost":0.52,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.26,"target":8.77,"ceiling":9.29,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 66% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Horizon, delivered in 2024 at 31m is barely campaigned and reflects current build standards. Lying in In Production Yacht For Sale. Presented by Denison Yacht Sales.","v":3}},{"id":"195-custom","name":"195 Custom 2025","builder":"Custom","year":2025,"len":59.4,"price":55,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/195-custom","source":"denison","refreshedAt":"2026-05-14T20:31:11.410Z","photoUrl":"https://images.boatsgroup.com/resize/1/88/74/8818874_20230418211556461_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/88/74/8818874_20230418211556461_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/88/74/8818874_20230521205959936_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/74/8818874_20230418211600712_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/74/8818874_20230521205957854_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/74/8818874_20230418211604406_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/74/8818874_20230418211608299_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/74/8818874_20230521205956010_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/74/8818874_20230418211612653_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/74/8818874_20230521210001894_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/74/8818874_20230521210005931_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/88/74/8818874_20230521210003887_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":30.931665663275272,"est":42.0066450093492,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Premium ask · 31% over model","tone":"premium"},"cashflow":{"acquisition":55,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":5.5,"charterIncome":0,"netAnnual":-5.5,"cumulative":-5.5,"residual":50.05},{"year":2027,"yearIdx":1,"opCost":5,"charterIncome":0,"netAnnual":-5,"cumulative":-10.5,"residual":45.55},{"year":2028,"yearIdx":2,"opCost":4.55,"charterIncome":0,"netAnnual":-4.55,"cumulative":-15.05,"residual":42.82},{"year":2029,"yearIdx":3,"opCost":4.28,"charterIncome":0,"netAnnual":-4.28,"cumulative":-19.33,"residual":40.25},{"year":2030,"yearIdx":4,"opCost":4.03,"charterIncome":0,"netAnnual":-4.03,"cumulative":-23.36,"residual":37.84}],"totalOp":23.36,"totalCharter":0,"net5yr":-23.36,"residualY5":37.84,"netHoldCost":40.52,"netHoldCostPctOfAcq":73.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 74% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":55,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 60% LTV","cashAtClose":22,"debt":33,"rateBps":575,"annualDebtCost":1.9,"thesis":"60% LTV at ~5.75% from a maritime specialist lender. Carrying cost ~$1.9M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":19.25,"debt":35.75,"rateBps":575,"annualDebtCost":2.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":40.72,"target":42.92,"ceiling":45.12,"baselineDiscountPct":22,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 31% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Custom, delivered in 2025 at 59m is barely campaigned and reflects current build standards. Presented by Denison Yacht Sales.","v":3}},{"id":"lady-b-85-pacific-mariner","name":"LADY B","builder":"Pacific Mariner","year":2008,"len":25.9,"price":2.9,"city":"","country":"Italy","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/lady-b-85-pacific-mariner","source":"denison","refreshedAt":"2026-05-15T01:31:01.994Z","photoUrl":"https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094912624_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094912624_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20230922151225312_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094718793_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094720726_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094722792_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094724731_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094726799_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094728840_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094731006_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094732072_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094733682_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094735892_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094737651_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094739875_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094741638_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094743708_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094745740_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094747731_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/98/8867398_20240308094750364_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":-33.90876,"lon":18.41911,"ts":"2026-05-16T17:51:08.212Z","sog":null},"coordPrecision":"live-ais","lat":-33.90876,"lon":18.41911,"mmsi":"247412450","callsign":"I08383","beam":7,"datalasticUuid":"91316982-96d2-7868-a142-9e663e3b4b4e","_priv":{"estimate":{"delta":-13.996134706313889,"est":3.371941470417726,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 14% under model","tone":"value"},"cashflow":{"acquisition":2.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-0.35,"residual":2.77},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.68,"residual":2.65},{"year":2028,"yearIdx":2,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1,"residual":2.53},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.3,"residual":2.42},{"year":2030,"yearIdx":4,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.59,"residual":2.31}],"totalOp":1.59,"totalCharter":0,"net5yr":-1.59,"residualY5":2.31,"netHoldCost":2.18,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.89,"debt":1.01,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.01,"debt":1.89,"rateBps":700,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.43,"target":2.55,"ceiling":2.67,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 14% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Pacific Mariner, delivered in 2008 at 26m represents the classic-platform era with a documented owner timeline. Lying in Italy. Presented by Denison Yacht Sales.","v":3}},{"id":"congvoyage-120-hargrave","name":"CONGVOYAGE","builder":"Hargrave","year":2020,"len":36.6,"price":10.89,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/congvoyage-120-hargrave","source":"denison","refreshedAt":"2026-05-15T01:31:19.602Z","photoUrl":"https://images.boatsgroup.com/resize/1/47/0/8874700_20230531075751105_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/47/0/8874700_20230531075751105_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075114483_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075117446_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075122006_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075132884_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075138815_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075150414_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075157367_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075207402_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075243203_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075252614_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075304321_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075310711_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075321589_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075330265_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075337838_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075343846_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075350524_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/47/0/8874700_20230524075356620_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"368129140","beam":8,"datalasticUuid":"09c8ce1d-ccd4-77b8-9648-87a103257005","_priv":{"estimate":{"delta":0.4024167994445353,"est":10.846352455591735,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":10.89,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-1.09,"residual":10.24},{"year":2027,"yearIdx":1,"opCost":1.02,"charterIncome":0,"netAnnual":-1.02,"cumulative":-2.11,"residual":9.63},{"year":2028,"yearIdx":2,"opCost":0.96,"charterIncome":0,"netAnnual":-0.96,"cumulative":-3.07,"residual":9.05},{"year":2029,"yearIdx":3,"opCost":0.91,"charterIncome":0,"netAnnual":-0.91,"cumulative":-3.98,"residual":8.51},{"year":2030,"yearIdx":4,"opCost":0.85,"charterIncome":0,"netAnnual":-0.85,"cumulative":-4.83,"residual":8}],"totalOp":4.83,"totalCharter":0,"net5yr":-4.83,"residualY5":8,"netHoldCost":7.72,"netHoldCostPctOfAcq":70.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.89,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.99,"debt":4.9,"rateBps":625,"annualDebtCost":0.31,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$310K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.81,"debt":7.08,"rateBps":625,"annualDebtCost":0.44,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.93,"target":9.37,"ceiling":9.8,"baselineDiscountPct":14,"strategy":"Segment-typical pricing. Standard 14%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Hargrave, delivered in 2020 at 37m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"lady-k-109-mangusta","name":"LADY K","builder":"Mangusta","year":2020,"len":33.2,"price":10.99,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/lady-k-109-mangusta","source":"denison","refreshedAt":"2026-05-15T06:30:44.276Z","photoUrl":"https://images.boatsgroup.com/resize/1/68/56/8906856_20240110103444597_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/68/56/8906856_20240110103444597_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110103423003_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110103439736_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110103442711_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110103510344_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110103512220_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110103732192_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110103734027_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104040384_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104042157_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104044127_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104046346_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104048178_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104050177_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104052108_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104054149_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104056401_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104058269_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/68/56/8906856_20240110104100800_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","mmsi":"368281890","callsign":"WDN4539","beam":6,"datalasticUuid":"7363a2a2-e7aa-917c-10a8-3c24f9ac89c2","_priv":{"estimate":{"delta":10.990442579011777,"est":9.901753470508462,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 11% over model","tone":"premium"},"cashflow":{"acquisition":10.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.1,"charterIncome":0,"netAnnual":-1.1,"cumulative":-1.1,"residual":10.33},{"year":2027,"yearIdx":1,"opCost":1.03,"charterIncome":0,"netAnnual":-1.03,"cumulative":-2.13,"residual":9.71},{"year":2028,"yearIdx":2,"opCost":0.97,"charterIncome":0,"netAnnual":-0.97,"cumulative":-3.1,"residual":9.13},{"year":2029,"yearIdx":3,"opCost":0.91,"charterIncome":0,"netAnnual":-0.91,"cumulative":-4.01,"residual":8.58},{"year":2030,"yearIdx":4,"opCost":0.86,"charterIncome":0,"netAnnual":-0.86,"cumulative":-4.87,"residual":8.07}],"totalOp":4.87,"totalCharter":0,"net5yr":-4.87,"residualY5":8.07,"netHoldCost":7.79,"netHoldCostPctOfAcq":70.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.04,"debt":4.95,"rateBps":625,"annualDebtCost":0.31,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$310K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.85,"debt":7.14,"rateBps":625,"annualDebtCost":0.45,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.75,"target":9.19,"ceiling":9.63,"baselineDiscountPct":16.4,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Mangusta is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 11% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Mangusta, delivered in 2020 at 33m has settled into its proven-hull period with full systems history. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"alchemy-80-baia","name":"ALCHEMY","builder":"Baia","year":2003,"len":24.4,"price":1,"city":"","country":"United Kingdom","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/alchemy-80-baia","source":"denison","refreshedAt":"2026-05-15T06:30:51.896Z","photoUrl":"https://images.boatsgroup.com/resize/1/27/11/8822711_20230421104922666_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/27/11/8822711_20230421104922666_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/27/11/8822711_20230421104917385_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/27/11/8822711_20230421104912331_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/27/11/8822711_20230421104932263_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20211021121216333_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20211021121228722_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20211021121240463_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20211021121252775_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20211021121305212_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20211021121316968_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20211021121330684_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20211021121347194_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20230214230717047_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20230214230723810_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20230214230725783_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20230214230727808_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20230214230729877_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20230214230731857_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/36/31/8073631_20230214230733809_1_XLARGE.jpg?w=800&h=533&format=webp"],"charterAvailable":true,"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":32.75138,"lon":-80.01116,"ts":"2026-05-16T17:10:58.872Z","sog":null},"coordPrecision":"live-ais","lat":32.75138,"lon":-80.01116,"mmsi":"232054059","callsign":"MOXR5","beam":7,"datalasticUuid":"437abbe3-e2dd-5ddb-3a3c-37c1455b9a1f","_priv":{"estimate":{"delta":-60.093784289999874,"est":2.5058752933804476,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 60% under model","tone":"strong-buy"},"cashflow":{"acquisition":1,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.12,"charterIncome":0.12,"netAnnual":0,"cumulative":0,"residual":0.95},{"year":2027,"yearIdx":1,"opCost":0.11,"charterIncome":0.12,"netAnnual":0.01,"cumulative":0.01,"residual":0.91},{"year":2028,"yearIdx":2,"opCost":0.11,"charterIncome":0.12,"netAnnual":0.01,"cumulative":0.02,"residual":0.87},{"year":2029,"yearIdx":3,"opCost":0.1,"charterIncome":0.12,"netAnnual":0.02,"cumulative":0.04,"residual":0.83},{"year":2030,"yearIdx":4,"opCost":0.1,"charterIncome":0.12,"netAnnual":0.02,"cumulative":0.06,"residual":0.79}],"totalOp":0.54,"totalCharter":0.6,"net5yr":0.06,"residualY5":0.79,"netHoldCost":0.15,"netHoldCostPctOfAcq":15,"verdict":"Cash-positive over 5 years — net $0.1M after charter. Effective hold cost: 15% of acquisition.","tone":"soft"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.65,"debt":0.35,"rateBps":700,"annualDebtCost":0.02,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$20K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.35,"debt":0.65,"rateBps":700,"annualDebtCost":0.05,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":0.84,"target":0.88,"ceiling":0.92,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (23y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 60% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Baia, delivered in 2003 at 24m represents the classic-platform era with a documented owner timeline. Lying in United Kingdom, with charter dates available. Presented by Denison Yacht Sales.","v":3}},{"id":"c-daze-86-sanlorenzo","name":"C-DAZE","builder":"Sanlorenzo","year":2020,"len":26.2,"price":5.65,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/c-daze-86-sanlorenzo","source":"denison","refreshedAt":"2026-05-15T06:30:54.446Z","photoUrl":"https://images.boatsgroup.com/resize/1/32/43/8913243_20230619084518890_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/32/43/8913243_20230619084518890_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619084522948_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085206808_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085147027_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085153175_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085150221_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085156985_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085143423_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085203721_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085200587_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085212793_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085216162_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085228381_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085224824_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085231258_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085234304_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085209976_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085248699_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/32/43/8913243_20230619085237131_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-7.904581536444547,"est":6.1349414490535725,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":null,"cashflow":{"acquisition":5.65,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-0.68,"residual":5.45},{"year":2027,"yearIdx":1,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-1.33,"residual":5.26},{"year":2028,"yearIdx":2,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-1.96,"residual":5.08},{"year":2029,"yearIdx":3,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-2.57,"residual":4.9},{"year":2030,"yearIdx":4,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-3.16,"residual":4.73}],"totalOp":3.16,"totalCharter":0,"net5yr":-3.16,"residualY5":4.73,"netHoldCost":4.08,"netHoldCostPctOfAcq":72.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 72% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.65,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.11,"debt":2.54,"rateBps":625,"annualDebtCost":0.16,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$160K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.98,"debt":3.67,"rateBps":625,"annualDebtCost":0.23,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.92,"target":5.14,"ceiling":5.37,"baselineDiscountPct":9,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Sanlorenzo — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Tier-A hulls hold value; expect modest 3-6% movement on price but full flexibility on delivery, refit credits, and walkaround inclusions."}],"editorial":"This established Sanlorenzo, delivered in 2020 at 26m carries the full tier-A pedigree under proven systems. Presented by Denison Yacht Sales.","v":3}},{"id":"102-oceanfast","name":"102 Oceanfast 1989","builder":"Oceanfast","year":1989,"len":31.1,"price":1.66,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/102-oceanfast","source":"denison","refreshedAt":"2026-05-15T06:31:02.846Z","photoUrl":"https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181027488_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181027488_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181108952_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181143748_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181223386_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181249882_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181319378_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181345897_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181411569_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181432752_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181454224_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181519294_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181542936_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181609262_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181624882_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181644190_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181722332_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181823334_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025181927523_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/41/16/8074116_20211025182020443_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-39.49240860785468,"est":2.7434574105613625,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Strong value · 39% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.66,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.17,"residual":1.59},{"year":2027,"yearIdx":1,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.33,"residual":1.52},{"year":2028,"yearIdx":2,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.48,"residual":1.45},{"year":2029,"yearIdx":3,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.62,"residual":1.38},{"year":2030,"yearIdx":4,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.76,"residual":1.32}],"totalOp":0.76,"totalCharter":0,"net5yr":-0.76,"residualY5":1.32,"netHoldCost":1.1,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.66,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.08,"debt":0.58,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.58,"debt":1.08,"rateBps":700,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.39,"target":1.46,"ceiling":1.53,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (37y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 39% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Oceanfast, delivered in 1989 at 31m represents the classic-platform era with a documented owner timeline. Presented by Denison Yacht Sales.","v":3}},{"id":"wire-we-here-115-crescent","name":"WIRE WE HERE","builder":"Crescent","year":1995,"len":35.1,"price":3.5,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/wire-we-here-115-crescent","source":"denison","refreshedAt":"2026-05-15T09:00:12.302Z","photoUrl":"https://images.boatsgroup.com/resize/1/85/60/8918560_20240319130957882_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/85/60/8918560_20240319130957882_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240319130921207_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240319130929890_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240319130954011_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240319130949974_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240304130431715_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240304130527778_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063413208_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063415163_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063411244_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063515387_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063509337_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063511412_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063507428_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063513399_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063505442_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063501537_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063503382_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/85/60/8918560_20240328063633731_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-20.054903907449866,"est":4.378004619505555,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Strong value · 20% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-0.35,"residual":3.34},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.68,"residual":3.19},{"year":2028,"yearIdx":2,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1,"residual":3.05},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.3,"residual":2.91},{"year":2030,"yearIdx":4,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.59,"residual":2.78}],"totalOp":1.59,"totalCharter":0,"net5yr":-1.59,"residualY5":2.78,"netHoldCost":2.31,"netHoldCostPctOfAcq":66,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.28,"debt":1.22,"rateBps":700,"annualDebtCost":0.09,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.22,"debt":2.28,"rateBps":700,"annualDebtCost":0.16,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.94,"target":3.08,"ceiling":3.22,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (31y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 20% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Crescent, delivered in 1995 at 35m represents the classic-platform era with a documented owner timeline. Presented by Denison Yacht Sales.","v":3}},{"id":"insignia-86-outer-reef-yachts","name":"INSIGNIA","builder":"Outer Reef Yachts","year":2017,"len":26.2,"price":5,"city":"","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/insignia-86-outer-reef-yachts","source":"denison","refreshedAt":"2026-05-15T09:00:17.362Z","photoUrl":"https://images.boatsgroup.com/resize/1/38/54/8923854_20230626093057615_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/38/54/8923854_20230626093057615_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/38/54/8923854_20230626093055079_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/54/8923854_20230626093058925_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/54/8923854_20230626093056650_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/54/8923854_20230626093325787_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/38/54/8923854_20230626093100839_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072506148_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072457418_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072518180_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072521660_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072542178_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072604235_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072536256_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072509071_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072551499_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072548153_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072554077_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072600745_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/21/60/6532160_20171115072539306_1_XLARGE.jpg?w=800&h=533&format=webp"],"videoId":"-eWyRnKclsc","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":38.66657,"lon":-9.69097,"ts":"2026-05-16T18:01:08.800Z","sog":12.9},"coordPrecision":"live-ais","lat":38.66657,"lon":-9.69097,"mmsi":"367771220","callsign":"WDK2369","beam":6,"datalasticUuid":"ec9b58fd-7000-4496-722a-42fe343ae7bd","_priv":{"estimate":{"delta":7.823830475809652,"est":4.637193816928766,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-0.6,"residual":4.7},{"year":2027,"yearIdx":1,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-1.16,"residual":4.42},{"year":2028,"yearIdx":2,"opCost":0.53,"charterIncome":0,"netAnnual":-0.53,"cumulative":-1.69,"residual":4.22},{"year":2029,"yearIdx":3,"opCost":0.51,"charterIncome":0,"netAnnual":-0.51,"cumulative":-2.2,"residual":4.03},{"year":2030,"yearIdx":4,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-2.68,"residual":3.85}],"totalOp":2.68,"totalCharter":0,"net5yr":-2.68,"residualY5":3.85,"netHoldCost":3.83,"netHoldCostPctOfAcq":76.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 77% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.75,"debt":2.25,"rateBps":625,"annualDebtCost":0.14,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$140K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.75,"debt":3.25,"rateBps":625,"annualDebtCost":0.2,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.04,"target":4.24,"ceiling":4.44,"baselineDiscountPct":15.1,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Outer Reef Yachts, delivered in 2017 at 26m has settled into its proven-hull period with full systems history. Lying in Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"sapphire-166-trinity-yachts","name":"SAPPHIRE","builder":"Trinity Yachts","year":2009,"len":50.6,"price":14.95,"city":"","country":"Australia","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/sapphire-166-trinity-yachts","source":"denison","refreshedAt":"2026-05-15T09:00:30.255Z","photoUrl":"https://images.boatsgroup.com/resize/1/96/84/2009-trinity-yachts-sapphire--power-8929684-20250115055039336-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/96/84/2009-trinity-yachts-sapphire--power-8929684-20250115055039336-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230714072146875_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120701060_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120702128_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120704110_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120706107_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120708150_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120714133_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120716154_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120718129_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120720168_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120722193_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230713080152684_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120726245_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230713080154700_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120730292_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120732257_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230713080156764_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/96/84/8929684_20230712120734265_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":40.43812,"lon":-74.04369,"ts":"2026-05-16T17:56:04.863Z","sog":null},"coordPrecision":"live-ais","lat":40.43812,"lon":-74.04369,"mmsi":"503175070","callsign":"SAP46Q","datalasticUuid":"46c1a61f-2fa0-d75d-9483-a313ee011726","_priv":{"estimate":{"delta":-17.860274193992282,"est":18.200693821778685,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 18% under model","tone":"strong-buy"},"cashflow":{"acquisition":14.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.5,"charterIncome":0,"netAnnual":-1.5,"cumulative":-1.5,"residual":14.28},{"year":2027,"yearIdx":1,"opCost":1.43,"charterIncome":0,"netAnnual":-1.43,"cumulative":-2.93,"residual":13.64},{"year":2028,"yearIdx":2,"opCost":1.36,"charterIncome":0,"netAnnual":-1.36,"cumulative":-4.29,"residual":13.03},{"year":2029,"yearIdx":3,"opCost":1.3,"charterIncome":0,"netAnnual":-1.3,"cumulative":-5.59,"residual":12.44},{"year":2030,"yearIdx":4,"opCost":1.24,"charterIncome":0,"netAnnual":-1.24,"cumulative":-6.83,"residual":11.88}],"totalOp":6.83,"totalCharter":0,"net5yr":-6.83,"residualY5":11.88,"netHoldCost":9.9,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":14.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":8.22,"debt":6.73,"rateBps":700,"annualDebtCost":0.47,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$470K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.23,"debt":9.72,"rateBps":700,"annualDebtCost":0.68,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":12.54,"target":13.14,"ceiling":13.74,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Trinity Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 18% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Trinity Yachts, delivered in 2009 at 51m represents the classic-platform era with a documented owner timeline. Lying in Australia. Presented by Denison Yacht Sales.","v":3}},{"id":"my-place-87-riva","name":"MY PLACE","builder":"Riva","year":2010,"len":26.5,"price":3.85,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/my-place-87-riva","source":"denison","refreshedAt":"2026-05-15T09:00:42.556Z","photoUrl":"https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070543006_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070543006_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070523864_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070527256_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070529836_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070533598_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070536036_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070538710_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070545961_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070547889_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/73/94/8937394_20230706070550057_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-8.063709719329506,"est":4.187682566097034,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Value · 8% under model","tone":"value"},"cashflow":{"acquisition":3.85,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-0.46,"residual":3.68},{"year":2027,"yearIdx":1,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-0.9,"residual":3.51},{"year":2028,"yearIdx":2,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-1.32,"residual":3.35},{"year":2029,"yearIdx":3,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-1.72,"residual":3.2},{"year":2030,"yearIdx":4,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-2.1,"residual":3.06}],"totalOp":2.1,"totalCharter":0,"net5yr":-2.1,"residualY5":3.06,"netHoldCost":2.89,"netHoldCostPctOfAcq":75.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.85,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.12,"debt":1.73,"rateBps":700,"annualDebtCost":0.12,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.35,"debt":2.5,"rateBps":700,"annualDebtCost":0.17,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.06,"target":3.21,"ceiling":3.37,"baselineDiscountPct":16.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 8% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Riva, delivered in 2010 at 27m represents the classic-platform era with a documented owner timeline. Presented by Denison Yacht Sales.","v":3}},{"id":"berilda-155-feadship","name":"BERILDA","builder":"Feadship","year":2001,"len":47.2,"price":17.95,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/berilda-155-feadship","source":"denison","refreshedAt":"2026-05-15T11:30:36.030Z","photoUrl":"https://images.boatsgroup.com/resize/1/92/25/2001-feadship-motor-yacht-power-8949225-20241023135509488-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/92/25/2001-feadship-motor-yacht-power-8949225-20241023135509488-1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803171510789_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230802144728250_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230802150211223_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230802150251406_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230802150140991_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230802150130400_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803171836730_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803171847374_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803171734831_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803171745658_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803171723884_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803171520704_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803171755466_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803171805477_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803171815819_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803225616789_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803225628939_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/92/25/8949225_20230803225639757_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":17.545894715675423,"est":15.270631138091344,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":17.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.79,"charterIncome":0,"netAnnual":-1.79,"cumulative":-1.79,"residual":17.5},{"year":2027,"yearIdx":1,"opCost":1.75,"charterIncome":0,"netAnnual":-1.75,"cumulative":-3.54,"residual":17.06},{"year":2028,"yearIdx":2,"opCost":1.71,"charterIncome":0,"netAnnual":-1.71,"cumulative":-5.25,"residual":16.63},{"year":2029,"yearIdx":3,"opCost":1.66,"charterIncome":0,"netAnnual":-1.66,"cumulative":-6.91,"residual":16.21},{"year":2030,"yearIdx":4,"opCost":1.62,"charterIncome":0,"netAnnual":-1.62,"cumulative":-8.53,"residual":15.8}],"totalOp":8.53,"totalCharter":0,"net5yr":-8.53,"residualY5":15.8,"netHoldCost":10.68,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":17.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":11.67,"debt":6.28,"rateBps":700,"annualDebtCost":0.44,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$440K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.28,"debt":11.67,"rateBps":700,"annualDebtCost":0.82,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":12.88,"target":13.59,"ceiling":14.31,"baselineDiscountPct":24.3,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Feadship — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 18% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Feadship, delivered in 2001 at 47m carries the full tier-A pedigree under proven systems. Presented by Denison Yacht Sales.","v":3}},{"id":"sd90127-90-sanlorenzo","name":"SD90/127","builder":"Sanlorenzo","year":2024,"len":27.4,"price":3.75,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/sd90127-90-sanlorenzo","source":"denison","refreshedAt":"2026-05-15T16:30:14.131Z","photoUrl":"https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114349489_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114349489_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114350510_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114351542_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114402607_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114403777_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114400588_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114401618_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114357559_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114358552_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114359568_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114355537_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114356574_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114353530_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114406762_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114407768_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114409720_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114405760_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114354533_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/22/20/8972220_20230726114352466_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-51.47546147921139,"est":7.728048765251927,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Strong value · 51% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":3.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-0.45,"residual":3.52},{"year":2027,"yearIdx":1,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-0.87,"residual":3.4},{"year":2028,"yearIdx":2,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-1.28,"residual":3.28},{"year":2029,"yearIdx":3,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-1.67,"residual":3.17},{"year":2030,"yearIdx":4,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-2.05,"residual":3.06}],"totalOp":2.05,"totalCharter":0,"net5yr":-2.05,"residualY5":3.06,"netHoldCost":2.74,"netHoldCostPctOfAcq":73.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 73% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.06,"debt":1.69,"rateBps":625,"annualDebtCost":0.11,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$110K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.31,"debt":2.44,"rateBps":625,"annualDebtCost":0.15,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":3.46,"target":3.61,"ceiling":3.67,"baselineDiscountPct":3.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Sanlorenzo — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 51% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This current-generation Sanlorenzo, delivered in 2024 at 27m carries the full tier-A pedigree and remains in its first-decade window. Presented by Denison Yacht Sales.","v":3}},{"id":"sx88-118-88-sanlorenzo","name":"SX88-118","builder":"88 Sanlorenzo","year":2024,"len":36,"price":8.9,"city":"","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/sx88-118-88-sanlorenzo","source":"denison","refreshedAt":"2026-05-15T16:30:20.600Z","photoUrl":"https://images.boatsgroup.com/resize/1/99/8/7819908_20210312113214593_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/99/8/7819908_20210312113214593_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133202752_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133236756_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133349964_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133350968_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133352007_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133353004_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133345981_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133346971_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133237768_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133238757_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133239849_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133348956_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133347921_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133354080_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/23/50/8972350_20230726133354967_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-37.6870528114479,"est":14.282746044846158,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No location"]},"deal":{"verdict":"Strong value · 38% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":8.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-0.89,"residual":8.37},{"year":2027,"yearIdx":1,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-1.73,"residual":8.08},{"year":2028,"yearIdx":2,"opCost":0.81,"charterIncome":0,"netAnnual":-0.81,"cumulative":-2.54,"residual":7.8},{"year":2029,"yearIdx":3,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-3.32,"residual":7.53},{"year":2030,"yearIdx":4,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-4.07,"residual":7.27}],"totalOp":4.07,"totalCharter":0,"net5yr":-4.07,"residualY5":7.27,"netHoldCost":5.7,"netHoldCostPctOfAcq":64,"verdict":"Private use, no charter income modelled. Effective hold cost: 64% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.9,"debt":4,"rateBps":625,"annualDebtCost":0.25,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$250K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.11,"debt":5.79,"rateBps":625,"annualDebtCost":0.36,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.2,"target":8.56,"ceiling":8.72,"baselineDiscountPct":3.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A 88 Sanlorenzo — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 38% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This current-generation 88 Sanlorenzo, delivered in 2024 at 36m carries the full tier-A pedigree and remains in its first-decade window. Presented by Denison Yacht Sales.","v":3}},{"id":"far-niente-131-westport","name":"FAR NIENTE","builder":"Westport","year":2014,"len":39.9,"price":15.99,"city":"Nassau","country":"Marshall Islands","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/far-niente-131-westport","source":"denison","refreshedAt":"2026-05-14T23:01:14.532Z","photoUrl":"https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133958363_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133958363_1_XLARGE.jpg?w=420&h=250&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601134000386_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601134002392_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601134003370_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601134004402_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601134005419_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601134006426_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133502356_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133503358_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133504358_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133505376_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133506374_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133508376_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133509391_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133510391_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133511401_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133512396_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133513408_1_XLARGE.jpg?w=800&h=533&format=webp","https://images.boatsgroup.com/resize/1/29/70/8842970_20230601133514401_1_XLARGE.jpg?w=800&h=533&format=webp"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":48.72994,"lon":-123.22858,"ts":"2026-05-16T14:51:12.243Z","sog":null},"coordPrecision":"last-ais","lat":48.72994,"lon":-123.22858,"imo":"9678496","mmsi":"538071050","callsign":"V7KA9","beam":7.9,"draught":1.8,"datalasticUuid":"33dbca97-9963-14bc-783d-7ada037ebef3","_priv":{"estimate":{"delta":37.42934208434715,"est":11.635069889358963,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 37% over model","tone":"premium"},"cashflow":{"acquisition":15.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.6,"charterIncome":0,"netAnnual":-1.6,"cumulative":-1.6,"residual":15.27},{"year":2027,"yearIdx":1,"opCost":1.53,"charterIncome":0,"netAnnual":-1.53,"cumulative":-3.13,"residual":14.58},{"year":2028,"yearIdx":2,"opCost":1.46,"charterIncome":0,"netAnnual":-1.46,"cumulative":-4.59,"residual":13.92},{"year":2029,"yearIdx":3,"opCost":1.39,"charterIncome":0,"netAnnual":-1.39,"cumulative":-5.98,"residual":13.29},{"year":2030,"yearIdx":4,"opCost":1.33,"charterIncome":0,"netAnnual":-1.33,"cumulative":-7.31,"residual":12.69}],"totalOp":7.31,"totalCharter":0,"net5yr":-7.31,"residualY5":12.69,"netHoldCost":10.61,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":15.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":8.79,"debt":7.2,"rateBps":625,"annualDebtCost":0.45,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$450K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.6,"debt":10.39,"rateBps":625,"annualDebtCost":0.65,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":10.52,"target":11.16,"ceiling":11.8,"baselineDiscountPct":30.2,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 37% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Westport, delivered in 2014 at 40m has settled into its proven-hull period with full systems history. Lying in Nassau, Marshall Islands. Presented by Denison Yacht Sales.","v":3}},{"id":"ypi-fast-and-furious-44m-145ft","name":"Fast & Furious","builder":"AB Yachts","year":2015,"len":44,"price":14.99,"city":"Malta","country":"Virgin Islands (British)","sourceUrl":"https://www.ypiyachts.com/en/buy-a-yacht/motor-yachts/fast-and-furious-44m-145ft","source":"ypi","refreshedAt":"2026-05-16T18:00:52.878Z","photoUrl":"https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_Miramira_DJI-07_j6mryt.jpg","photos":["https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_Miramira_DJI-07_j6mryt.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_w0cxpu.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_yfaqkx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_Miramira_DJI-02_huvgf2.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_Miramira_DJI-15_mg261e.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_Miramira_DJI-20_wyekkx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_Miramira_DJI-09_qyf5ab.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_Miramira_DJI-12_ewxnzb.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_Miramira_DJI-01_cr20zx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_MatthieuChatonnier_Tender-2_buh7fw.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/P1Prod_MatthieuChatonnier_Crew-3_ed76qa.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/m.chatonnier-p1-prod-fast_furious-32_nue5ye.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/m.chatonnier-p1-prod-fast_furious-74_zadoed.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_MatthieuChatonnier_Tender-3_veabhg.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/_MG_9127-Edit_qmxlb2.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/P1Prod_MatthieuChatonnier_Interior-6_fsmbio.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/_MG_9230_rldxfq.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/m.chatonnier-p1-prod-fast_furious-38_b6sujh.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/_MG_9152-Edit_jxcfji.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/_DSC1016_a9gkr5.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/m.chatonnier-fast_furious-V2-14_xvexc6.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/m.chatonnier-fast_furious-V2-12_rs8m7m.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/m.chatonnier-fast_furious-V2-9_mqbgio.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/m.chatonnier-fast_furious-V2-20_qbyjff.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/fast-and-furious/Fast-and-furious-2024/m.chatonnier-fast_furious-V2-15_jzfivh.jpg"],"videoId":"985695900","videoSource":"vimeo","imo":"8593027","mmsi":"378395000","callsign":"ZJL9396","beam":8,"datalasticUuid":"76a106aa-7807-a0ee-16b4-39607c399b79","_priv":{"estimate":{"delta":7.449661950456374,"est":13.95071862293219,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":null,"cashflow":{"acquisition":14.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.5,"charterIncome":0,"netAnnual":-1.5,"cumulative":-1.5,"residual":14.32},{"year":2027,"yearIdx":1,"opCost":1.43,"charterIncome":0,"netAnnual":-1.43,"cumulative":-2.93,"residual":13.68},{"year":2028,"yearIdx":2,"opCost":1.37,"charterIncome":0,"netAnnual":-1.37,"cumulative":-4.3,"residual":13.06},{"year":2029,"yearIdx":3,"opCost":1.31,"charterIncome":0,"netAnnual":-1.31,"cumulative":-5.61,"residual":12.47},{"year":2030,"yearIdx":4,"opCost":1.25,"charterIncome":0,"netAnnual":-1.25,"cumulative":-6.86,"residual":11.91}],"totalOp":6.86,"totalCharter":0,"net5yr":-6.86,"residualY5":11.91,"netHoldCost":9.94,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":14.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":8.24,"debt":6.75,"rateBps":625,"annualDebtCost":0.42,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$420K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.25,"debt":9.74,"rateBps":625,"annualDebtCost":0.61,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":12.14,"target":12.74,"ceiling":13.34,"baselineDiscountPct":15,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Ab Yachts, delivered in 2015 at 44m has settled into its proven-hull period with full systems history. Lying in Malta, Virgin Islands (british).","v":3}},{"id":"ypi-rebecca-v-25m-84ft","name":"Rebecca V","builder":"Benetti","year":2009,"len":25,"price":2.5,"city":"","country":"Malta","sourceUrl":"https://www.ypiyachts.com/en/buy-a-yacht/motor-yachts/rebecca-v-25m-84ft","source":"ypi","refreshedAt":"2026-05-16T18:00:56.770Z","photoUrl":"https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/rebecca-v/rebecca-v-exterior.jpg","photos":["https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/rebecca-v/rebecca-v-exterior.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_w0cxpu.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_yfaqkx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A1103RT_zs7qxp.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A1038RT_rz7efw_po626n.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/DJI_0158_n9beo8.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/DJI_0455_j4elzt.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/DJI_0353_xq9yqm.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/DJI_0309_n19nzb.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/rebecca-v-deck.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/rebecca-v-dining.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/rebecca-v-deck-3.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A2218RT_j8szog.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/rebecca-v-main-saloon.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A2082RT_jq0hxe_nbnqbk_j1f2ha.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A2008RT_vybv98.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A2171RT_u5c2ld_ejdsen_zinozr.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A2169RT_oawwzn.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A0950RT_dxpbl0.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A0940RT_hdwlyj.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A1492RT_sqox9b.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/rebecca-v-watersports.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A1433RT_qxg71v.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A1977RT_dmihaw.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rebecca-v/EE3A1955RT_sjg51n.jpg"],"videoId":"541596388","videoSource":"vimeo","mmsi":"249977000","callsign":"9H9648","beam":7,"datalasticUuid":"b853d379-9728-54d5-8e74-3fd9ad9b65c2","_priv":{"estimate":{"delta":-34.082554216484404,"est":3.792622681725922,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 34% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":2.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.3,"residual":2.44},{"year":2027,"yearIdx":1,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.59,"residual":2.38},{"year":2028,"yearIdx":2,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.88,"residual":2.32},{"year":2029,"yearIdx":3,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.16,"residual":2.26},{"year":2030,"yearIdx":4,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-1.43,"residual":2.2}],"totalOp":1.43,"totalCharter":0,"net5yr":-1.43,"residualY5":2.2,"netHoldCost":1.73,"netHoldCostPctOfAcq":69.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 69% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.37,"debt":1.13,"rateBps":700,"annualDebtCost":0.08,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.88,"debt":1.62,"rateBps":700,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":2.15,"target":2.25,"ceiling":2.35,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 34% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Benetti, delivered in 2009 at 25m carries the full tier-A pedigree under proven systems. Lying in Malta.","v":3}},{"id":"ypi-stern-49m-162ft","name":"Stern","builder":"Wider Yachts","year":2019,"len":49,"price":25.5,"city":"Turkey","country":"Cook Islands","sourceUrl":"https://www.ypiyachts.com/en/buy-a-yacht/motor-yachts/stern-49m-162ft","source":"ypi","refreshedAt":"2026-05-16T18:00:58.025Z","photoUrl":"https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/stern/DJI_0111_hen8vr.jpg","photos":["https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/stern/DJI_0111_hen8vr.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_w0cxpu.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_yfaqkx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/_PSU8646_p7u1mv.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/_PSU8740_bby9x1.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092409868_1_XLARGE_q7zpuo.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/DJI_0377_bhvxti.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/DJI_0138_qnjea6.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092436043_1_XLARGE_xkbf9b.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/W165-beach-club1_vetjzi.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/W165-beach-club2_rbqzcj.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/W165-back-view1_dh4bx9.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092500424_1_XLARGE_aso3ce.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092447710_1_XLARGE_jmyyhn.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092511733_1_XLARGE_t8fp54.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092535142_1_XLARGE_u8uwix.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092523902_1_XLARGE_zp2mzs.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092709939_1_XLARGE_uzbrun.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092733460_1_XLARGE_kwn4fy.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092546625_1_XLARGE_gpzvqm.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092558556_1_XLARGE_ccclwq.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092608877_1_XLARGE_b1wixe.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092645872_1_XLARGE_avkjil.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092634426_1_XLARGE_whfbca.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/stern/8274843_20220601092622675_1_XLARGE_bekcpx.jpg"],"lastAisCoord":{"lat":51.8099,"lon":4.61027,"ts":"2026-05-16T17:31:04.180Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":51.8099,"lon":4.61027,"imo":"9888170","mmsi":"518998577","callsign":"E5U4557","beam":10,"draught":2.5,"datalasticUuid":"8f0c8c67-44b2-fedb-01c3-9644075a7175","_priv":{"estimate":{"delta":13.974233077532864,"est":22.37347803222611,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 14% over model","tone":"premium"},"cashflow":{"acquisition":25.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.55,"charterIncome":0,"netAnnual":-2.55,"cumulative":-2.55,"residual":23.97},{"year":2027,"yearIdx":1,"opCost":2.4,"charterIncome":0,"netAnnual":-2.4,"cumulative":-4.95,"residual":22.53},{"year":2028,"yearIdx":2,"opCost":2.25,"charterIncome":0,"netAnnual":-2.25,"cumulative":-7.2,"residual":21.18},{"year":2029,"yearIdx":3,"opCost":2.12,"charterIncome":0,"netAnnual":-2.12,"cumulative":-9.32,"residual":19.91},{"year":2030,"yearIdx":4,"opCost":1.99,"charterIncome":0,"netAnnual":-1.99,"cumulative":-11.31,"residual":19.01}],"totalOp":11.31,"totalCharter":0,"net5yr":-11.31,"residualY5":19.01,"netHoldCost":17.8,"netHoldCostPctOfAcq":69.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 70% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":25.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":11.47,"debt":14.03,"rateBps":625,"annualDebtCost":0.88,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$880K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":8.92,"debt":16.58,"rateBps":625,"annualDebtCost":1.04,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":19.99,"target":21.01,"ceiling":22.03,"baselineDiscountPct":17.6,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 14% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Wider Yachts, delivered in 2019 at 49m has settled into its proven-hull period with full systems history. Lying in Turkey, Cook Islands.","v":3}},{"id":"ypi-khalilah-50m-162ft","name":"Khalilah","builder":"Palmer Johnson","year":2014,"len":50,"price":14.9,"city":"France","country":"Marshall Islands","sourceUrl":"https://www.ypiyachts.com/en/buy-a-yacht/motor-yachts/khalilah-50m-162ft","source":"ypi","refreshedAt":"2026-05-16T18:00:59.268Z","photoUrl":"https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/khalilah/MAIN-resized_small_kkqeni.jpg","photos":["https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/khalilah/MAIN-resized_small_kkqeni.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_w0cxpu.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_yfaqkx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/MAIN-resized_znajbk.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/KHALILAH_JS_YKS04654c_HR_jb5bwx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/KHALILAH_JS_-033_HR_j2czx9.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/Top_shot_2_jhu1zx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/KHALILAH_JS_-038_HR_e2tmo2.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/KHALILAH_JS_-172_HR_mdf2na.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/41_KHALILAH_YKS05613_LR-5psw0KeV_pwpexw.webp","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/KHALILAH_JS_-166_HR_heols6.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/KHALILAH_JS_YKS05234_HR_oi33ta.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/10_KHALILAH_YKS05195_LR-3b07CMj3_sod8p7.webp","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/12_KHALILAH_YKS05552_LR-7Q1xkxMW_cymfg2.webp","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/Upper%20deck/KHALILAH_JS_DJI_0944_HR_cbgopq.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/Upper%20deck/KHALILAH_JS_-267_HR_orid9b.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/38_KHALILAH_YKS05239_LR-3FK2hO5j_k4vfbm.webp","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/35_KHALILAH_YKS05273_LR-TS2YYVAj_vvuk1n.webp","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/Upper%20deck/KHALILAH_JS_-165_HR_pv3wvr.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/37_KHALILAH_YKS05280_LR-xvDXKph9_ia4qhl.webp","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/Main%20Salon/KHALILAH_2023-10-05_Guy_Fleury_Fraser_Yachts_Monaco_Yacht_Show_-_Day_2-207_ncdpev.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/Main%20Salon/KHALILAH_2023-10-05_Guy_Fleury_Fraser_Yachts_Monaco_Yacht_Show_-_Day_2-210_uc7v0k.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/Main%20Salon/KHALILAH_JS_YKS05167_HR_mwrngu.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/Upper%20deck/khalilah_js_-285_hr_sqdxqs.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/khalilah/Upper%20deck/khalilah_js_-283_hr_yepqqm.jpg"],"videoId":"1147286197","videoSource":"vimeo","imo":"9744348","mmsi":"538071243","callsign":"V7UP5","beam":11,"draught":2,"homePort":"BIKINI","datalasticUuid":"c324e538-e631-54b8-9842-89d147178c41","_priv":{"estimate":{"delta":-28.528768690310397,"est":20.847549044506184,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 29% under model","tone":"strong-buy"},"cashflow":{"acquisition":14.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.49,"charterIncome":0,"netAnnual":-1.49,"cumulative":-1.49,"residual":14.23},{"year":2027,"yearIdx":1,"opCost":1.42,"charterIncome":0,"netAnnual":-1.42,"cumulative":-2.91,"residual":13.59},{"year":2028,"yearIdx":2,"opCost":1.36,"charterIncome":0,"netAnnual":-1.36,"cumulative":-4.27,"residual":12.98},{"year":2029,"yearIdx":3,"opCost":1.3,"charterIncome":0,"netAnnual":-1.3,"cumulative":-5.57,"residual":12.4},{"year":2030,"yearIdx":4,"opCost":1.24,"charterIncome":0,"netAnnual":-1.24,"cumulative":-6.81,"residual":11.84}],"totalOp":6.81,"totalCharter":0,"net5yr":-6.81,"residualY5":11.84,"netHoldCost":9.87,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":14.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":8.19,"debt":6.71,"rateBps":625,"annualDebtCost":0.42,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$420K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.21,"debt":9.69,"rateBps":625,"annualDebtCost":0.61,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":13.16,"target":13.75,"ceiling":14.35,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Palmer Johnson is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 29% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Palmer Johnson, delivered in 2014 at 50m has settled into its proven-hull period with full systems history. Lying in France, Marshall Islands.","v":3}},{"id":"ypi-elements-80m-262ft","name":"Elements","builder":"Yachtley","year":2019,"len":80,"price":112,"city":"","country":"Malta","sourceUrl":"https://www.ypiyachts.com/en/buy-a-yacht/motor-yachts/elements-80m-262ft","source":"ypi","refreshedAt":"2026-05-16T18:01:03.069Z","photoUrl":"https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/elements/1prof_ljbipz_ivpte3.jpg","photos":["https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/elements/1prof_ljbipz_ivpte3.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_w0cxpu.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_yfaqkx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/2ext_xgldea.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/3ext_tbdzuz.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/4ext_liuscr.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/5ext_xgizow.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/5int_o39haa.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/6int_tolxat.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/4int_wf41tw.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/3int_z0d6bd.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/2int_yd2pyw.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/1int_tmyusr.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/10int_hvmfy3.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/11int_nnauv5.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/9int_ffktrb.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/8int_xyluzb.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/12int_djoxes.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/elements/13int_w6p7bo.jpg"],"imo":"9589308","mmsi":"248446000","callsign":"9HA3038","beam":13,"draught":4,"homePort":"VALLETTA","datalasticUuid":"2dd1c550-5701-35eb-310a-590a90aed9cb","_priv":{"estimate":{"delta":46.36484736558491,"est":76.52110600043902,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 46% over model","tone":"premium"},"cashflow":{"acquisition":112,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":10.08,"charterIncome":0,"netAnnual":-10.08,"cumulative":-10.08,"residual":105.28},{"year":2027,"yearIdx":1,"opCost":9.48,"charterIncome":0,"netAnnual":-9.48,"cumulative":-19.56,"residual":98.96},{"year":2028,"yearIdx":2,"opCost":8.91,"charterIncome":0,"netAnnual":-8.91,"cumulative":-28.47,"residual":93.02},{"year":2029,"yearIdx":3,"opCost":8.37,"charterIncome":0,"netAnnual":-8.37,"cumulative":-36.84,"residual":87.44},{"year":2030,"yearIdx":4,"opCost":7.87,"charterIncome":0,"netAnnual":-7.87,"cumulative":-44.71,"residual":83.51}],"totalOp":44.71,"totalCharter":0,"net5yr":-44.71,"residualY5":83.51,"netHoldCost":73.2,"netHoldCostPctOfAcq":65.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 65% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":112,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 60% LTV","cashAtClose":44.8,"debt":67.2,"rateBps":575,"annualDebtCost":3.86,"thesis":"60% LTV at ~5.75% from a maritime specialist lender. Carrying cost ~$3.9M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":39.2,"debt":72.8,"rateBps":575,"annualDebtCost":4.19,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":71.68,"target":76.16,"ceiling":80.64,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 46% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Yachtley, delivered in 2019 at 80m has settled into its proven-hull period with full systems history. Lying in Malta.","v":3}},{"id":"ypi-moonen-122-37.4m-122ft","name":"Moonen 122 Martinique","builder":"Moonen","year":2025,"len":37.4,"price":25.5,"city":"","country":"","sourceUrl":"https://www.ypiyachts.com/en/buy-a-yacht/motor-yachts/moonen-122-37.4m-122ft","source":"ypi","refreshedAt":"2026-05-16T18:01:04.301Z","photoUrl":"https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Exterior_8_2024-06-13_2_kmxcmo.jpg","photos":["https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Exterior_8_2024-06-13_2_kmxcmo.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_w0cxpu.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_yfaqkx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Exterior_1_2024-06-13_2_o2l6ym.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Exterior_3_2024-06-13_2_bnwycp.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Exterior_13_2024-06-13_2_rj6ol8.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Exterior_7_2024-06-13_2_g9yuah.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Exterior_6_2024-06-13_2_mviiai.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Exterior_10_2024-06-13_2_xa2fpj.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Exterior_12_2024-06-13_2_xm8ma8.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/10_vmtmko.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/11_ldjsnn.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Salon_1_isdp0a.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Salon_3_a9g6sw.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Salon_4_wmqpyt.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Salon_Dining_5_eix0rs.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_MD_Lobby_3_bmlcmf.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_MD_Lobby_5_p7ln5c.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_LD_Lobby_2_v4m95a.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Sky_Lounge_mmxn9w.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Owner_Stateroom_5_hgeq8b.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Owner_Stateroom_1_dbavm4.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_Owner_Bathroom_1_g6ixb8.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_VIP_Stateroom_2_fprbuq.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/moonen-122/YN205_Moonen_122_Martinique_-_VIP_Stateroom_5_rvu7lr.jpg"],"_priv":{"estimate":{"delta":79.55550554374105,"est":14.201736628893293,"label":"Over","cls":"o"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No engine hours","No location","No broker identified"]},"deal":{"verdict":"Premium ask · 80% over model","tone":"premium"},"cashflow":{"acquisition":25.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.55,"charterIncome":0,"netAnnual":-2.55,"cumulative":-2.55,"residual":23.21},{"year":2027,"yearIdx":1,"opCost":2.32,"charterIncome":0,"netAnnual":-2.32,"cumulative":-4.87,"residual":21.12},{"year":2028,"yearIdx":2,"opCost":2.11,"charterIncome":0,"netAnnual":-2.11,"cumulative":-6.98,"residual":19.85},{"year":2029,"yearIdx":3,"opCost":1.99,"charterIncome":0,"netAnnual":-1.99,"cumulative":-8.97,"residual":18.66},{"year":2030,"yearIdx":4,"opCost":1.87,"charterIncome":0,"netAnnual":-1.87,"cumulative":-10.84,"residual":17.54}],"totalOp":10.84,"totalCharter":0,"net5yr":-10.84,"residualY5":17.54,"netHoldCost":18.8,"netHoldCostPctOfAcq":73.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 74% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":25.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":11.47,"debt":14.03,"rateBps":625,"annualDebtCost":0.88,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$880K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":8.92,"debt":16.58,"rateBps":625,"annualDebtCost":1.04,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":16.32,"target":17.34,"ceiling":18.36,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 80% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Moonen, delivered in 2025 at 37m is barely campaigned and reflects current build standards.","v":3}},{"id":"ypi-rock-x-27m-90ft","name":"ROCK X","builder":"Evadne Yachts","year":2024,"len":27,"price":7.76,"city":"","country":"United Kingdom","sourceUrl":"https://www.ypiyachts.com/en/buy-a-yacht/motor-yachts/rock-x-27m-90ft","source":"ypi","refreshedAt":"2026-05-16T18:01:05.549Z","photoUrl":"https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/rock-x/DJI_20240816101212_0086_D_dpmi2s.jpg","photos":["https://res.cloudinary.com/ypi/ar_1.91,f_auto,w_1200,h_630/q_50,c_fill/web/images/rock-x/DJI_20240816101212_0086_D_dpmi2s.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_w0cxpu.jpg","https://res.cloudinary.com/ypi/image/upload/c_scale,dpr_auto,f_auto,q_auto,w_auto/v1/Website%20pages/11.%20Contact%20Us/Image_550_yfaqkx.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/DJI_20240816101517_0097_D_paftte.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/DJI_20240816082040_0074_D_towvsj.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/DJI_20240816101354_0090_D_asjxzv.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/DJI_20240816101430_0093_D_in11s2.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/DJI_20240816101503_0096_D_aotcnv.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/DJI_20240816101335_0088_D_crwlgo.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017396_tymhgu.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017600_lqouul.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017476_hne06d.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017631_eyhhni.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017488_htb6jo.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017477_ggqcw5.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017731_c24gma.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017716_ipqon3.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017742_vdnydy.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017778_lgpar9.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017780_w7gvbh.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017187_hdr_fxnmqy.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017208_hdr_vwxx6q.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017696_hdr_kri405.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017691_hdr_pirugf.jpg","https://res.cloudinary.com/ypi/image/upload/c_lfill,dpr_auto,f_auto,h_328,q_40,w_587/v1/web/images/rock-x/P1017791_ygesmq.jpg"],"mmsi":"232056431","callsign":"MPRL9","beam":7,"datalasticUuid":"9cfea5a2-e53f-f232-c5f6-ca3911bfca83","_priv":{"estimate":{"delta":24.549907808383733,"est":6.230434158119591,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 25% over model","tone":"premium"},"cashflow":{"acquisition":7.76,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.93,"charterIncome":0,"netAnnual":-0.93,"cumulative":-0.93,"residual":7.06},{"year":2027,"yearIdx":1,"opCost":0.85,"charterIncome":0,"netAnnual":-0.85,"cumulative":-1.78,"residual":6.64},{"year":2028,"yearIdx":2,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-2.58,"residual":6.24},{"year":2029,"yearIdx":3,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-3.33,"residual":5.87},{"year":2030,"yearIdx":4,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-4.03,"residual":5.52}],"totalOp":4.03,"totalCharter":0,"net5yr":-4.03,"residualY5":5.52,"netHoldCost":6.27,"netHoldCostPctOfAcq":80.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 81% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.76,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.27,"debt":3.49,"rateBps":625,"annualDebtCost":0.22,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$220K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.72,"debt":5.04,"rateBps":625,"annualDebtCost":0.32,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.99,"target":6.3,"ceiling":6.61,"baselineDiscountPct":18.8,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 25% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Evadne Yachts, delivered in 2024 at 27m is barely campaigned and reflects current build standards. Lying in United Kingdom.","v":3}},{"id":"allied-2006-broward-106-ft-yacht-for-sale","name":"Broward Raised Pilothouse","builder":"Broward","year":2006,"len":32.3,"price":2.5,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-broward-106-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T10:55:58.374Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505080524678-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505080524678-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505100407844-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505100410186-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505100412586-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505100415023-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505100658833-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505100702883-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505100700879-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505100706030-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505100708140-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505100656703-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505101239579-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505101241548-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505101243358-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505101237418-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505101451341-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505101735444-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505102333835-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505101454453-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505101449789-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505102057880-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505102054378-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505102618840-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505102056196-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/58/2006-broward-raised-pilothouse-power-10057058-20260505080527803-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-49.18298437973246,"est":4.9196120029585435,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 49% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.25,"residual":2.39},{"year":2027,"yearIdx":1,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.49,"residual":2.28},{"year":2028,"yearIdx":2,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.72,"residual":2.18},{"year":2029,"yearIdx":3,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.94,"residual":2.08},{"year":2030,"yearIdx":4,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-1.15,"residual":1.99}],"totalOp":1.15,"totalCharter":0,"net5yr":-1.15,"residualY5":1.99,"netHoldCost":1.66,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.62,"debt":0.88,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.88,"debt":1.62,"rateBps":700,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.1,"target":2.2,"ceiling":2.3,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 49% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Broward, delivered in 2006 at 32m represents the classic-platform era with a documented owner timeline. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1988-christensen-115-ft-yacht-for-sale","name":"Christensen Custom","builder":"Christensen","year":1988,"len":35.1,"price":1.48,"city":"Wilmington","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1988-christensen-115-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T02:35:59.869Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20260127075738655-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20260127075738655-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250118142615793-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114400831-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114408380-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114412509-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114417732-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114422650-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114427675-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114432462-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114437611-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114442547-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114448584-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114452504-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114456895-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114501542-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114505542-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114510291-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114514909-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114519498-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114524555-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114528687-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114533799-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114538716-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114543752-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/76/17/1988-christensen-custom-power-9647617-20250414114548687-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-61.70661525252484,"est":3.8648973177999952,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 62% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.48,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.15,"residual":1.41},{"year":2027,"yearIdx":1,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.29,"residual":1.35},{"year":2028,"yearIdx":2,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.43,"residual":1.29},{"year":2029,"yearIdx":3,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.56,"residual":1.23},{"year":2030,"yearIdx":4,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.68,"residual":1.17}],"totalOp":0.68,"totalCharter":0,"net5yr":-0.68,"residualY5":1.17,"netHoldCost":0.99,"netHoldCostPctOfAcq":66.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.48,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.96,"debt":0.52,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.52,"debt":0.96,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.24,"target":1.3,"ceiling":1.36,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (38y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 62% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Christensen, delivered in 1988 at 35m represents the classic-platform era with a documented owner timeline. Lying in Wilmington, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2016-astondoa-80-ft-yacht-for-sale","name":"Astondoa 80 GLX","builder":"Astondoa","year":2016,"len":24.4,"price":2,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2016-astondoa-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T07:15:20.409Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014432666-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014432666-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014425636-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014439195-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014445458-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014451598-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014458352-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014505299-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014511963-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014518822-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014526516-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014533120-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014539677-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014546605-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014552728-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014559425-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014605687-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014611545-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014617777-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014622746-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241016014630951-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241015183632313-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241015183649724-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241015183705953-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241015183719171-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/42/2016-astondoa-80-glx-power-9571642-20241015183729929-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-47.7062018220367,"est":3.8245452992221236,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 48% under model","tone":"strong-buy"},"cashflow":{"acquisition":2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.24,"residual":1.88},{"year":2027,"yearIdx":1,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.47,"residual":1.8},{"year":2028,"yearIdx":2,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.69,"residual":1.72},{"year":2029,"yearIdx":3,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.9,"residual":1.64},{"year":2030,"yearIdx":4,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-1.1,"residual":1.57}],"totalOp":1.1,"totalCharter":0,"net5yr":-1.1,"residualY5":1.57,"netHoldCost":1.53,"netHoldCostPctOfAcq":76.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 77% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.1,"debt":0.9,"rateBps":625,"annualDebtCost":0.06,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.7,"debt":1.3,"rateBps":625,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":1.77,"target":1.85,"ceiling":1.93,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 48% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Astondoa, delivered in 2016 at 24m has settled into its proven-hull period with full systems history. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2018-benetti-125-ft-yacht-for-sale","name":"Benetti Fast 125","builder":"Benetti","year":2018,"len":38.1,"price":10.9,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2018-benetti-125-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T07:15:25.329Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/10/17/2018-benetti-125-fast-power-9971017-20251009082932705-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/10/17/2018-benetti-125-fast-power-9971017-20251009082932705-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027083652365-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084119607-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084120938-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084120419-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084120594-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084122350-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084122135-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084122603-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084114568-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084124474-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084124665-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084125053-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084124849-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084117974-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084116792-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084117051-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084116591-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084118188-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084132267-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084132502-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027083653974-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027083653566-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027083653781-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/17/2018-benetti-fast-125-power-9971017-20251027084127530-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-16.89083863921616,"est":13.115280940788448,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 17% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":10.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-1.09,"residual":10.52},{"year":2027,"yearIdx":1,"opCost":1.05,"charterIncome":0,"netAnnual":-1.05,"cumulative":-2.14,"residual":10.15},{"year":2028,"yearIdx":2,"opCost":1.02,"charterIncome":0,"netAnnual":-1.02,"cumulative":-3.16,"residual":9.79},{"year":2029,"yearIdx":3,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-4.14,"residual":9.55},{"year":2030,"yearIdx":4,"opCost":0.96,"charterIncome":0,"netAnnual":-0.96,"cumulative":-5.1,"residual":9.31}],"totalOp":5.1,"totalCharter":0,"net5yr":-5.1,"residualY5":9.31,"netHoldCost":6.69,"netHoldCostPctOfAcq":61.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 61% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.99,"debt":4.91,"rateBps":625,"annualDebtCost":0.31,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$310K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.81,"debt":7.09,"rateBps":625,"annualDebtCost":0.44,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":9.74,"target":10.18,"ceiling":10.62,"baselineDiscountPct":6.6,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 17% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Benetti, delivered in 2018 at 38m carries the full tier-A pedigree under proven systems. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2025-ocean-alexander-95-ft-yacht-for-sale","name":"Ocean Alexander 28L","builder":"Ocean Alexander","year":2025,"len":29,"price":9,"city":"Jupiter","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2025-ocean-alexander-95-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T07:36:01.478Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220071924904-0.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220071924904-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220071924904-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220071924809-75.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220071924935-72.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220071924485-79.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220071925034-78.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220071925151-77.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220071925098-80.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070353431-42.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260126140423386-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070106354-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070106343-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070233597-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070233533-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070233700-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070353333-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070353223-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070353559-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070353363-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070353705-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070353342-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070354040-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070353875-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070354031-32.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/98/2025-ocean-alexander-28l-power-10066298-20260220070353510-33.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":15.98516446838579,"est":7.759613086079764,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 16% over model","tone":"premium"},"cashflow":{"acquisition":9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.08,"charterIncome":0,"netAnnual":-1.08,"cumulative":-1.08,"residual":8.19},{"year":2027,"yearIdx":1,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-2.06,"residual":7.45},{"year":2028,"yearIdx":2,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-2.95,"residual":7},{"year":2029,"yearIdx":3,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-3.79,"residual":6.58},{"year":2030,"yearIdx":4,"opCost":0.79,"charterIncome":0,"netAnnual":-0.79,"cumulative":-4.58,"residual":6.19}],"totalOp":4.58,"totalCharter":0,"net5yr":-4.58,"residualY5":6.19,"netHoldCost":7.39,"netHoldCostPctOfAcq":82.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 82% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.95,"debt":4.05,"rateBps":625,"annualDebtCost":0.25,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$250K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.15,"debt":5.85,"rateBps":625,"annualDebtCost":0.37,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.34,"target":7.7,"ceiling":8.06,"baselineDiscountPct":14.5,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 16% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Ocean Alexander, delivered in 2025 at 29m is barely campaigned and reflects current build standards. Lying in Jupiter, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2009-hargrave-88-ft-yacht-for-sale","name":"Hargrave Enclosed Bridge","builder":"Hargrave","year":2009,"len":26.8,"price":2.85,"city":"Dania Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2009-hargrave-88-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T02:30:54.982Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064408126-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064408126-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064411206-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064411403-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064411538-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064411733-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064412415-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064412590-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064412886-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064413167-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064413793-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064414017-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064414177-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064414378-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064414831-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064415006-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064415143-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064415276-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064416014-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064416207-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064416353-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064416505-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064417112-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064417273-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064417501-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/2/2009-hargrave-enclosed-bridge-power-10066802-20260209064417778-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-24.23626570528166,"est":3.7616942017583206,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 24% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.85,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.34,"residual":2.72},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.67,"residual":2.6},{"year":2028,"yearIdx":2,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-0.98,"residual":2.48},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.28,"residual":2.37},{"year":2030,"yearIdx":4,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.56,"residual":2.26}],"totalOp":1.56,"totalCharter":0,"net5yr":-1.56,"residualY5":2.26,"netHoldCost":2.15,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.85,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.57,"debt":1.28,"rateBps":700,"annualDebtCost":0.09,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1,"debt":1.85,"rateBps":700,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.39,"target":2.51,"ceiling":2.62,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 24% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hargrave, delivered in 2009 at 27m represents the classic-platform era with a documented owner timeline. Lying in Dania Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2004-riva-85-37-ft-yacht-for-sale","name":"Riva 85' Opera","builder":"Riva","year":2004,"len":26.8,"price":1.4,"city":"Mar Tirreno","country":"Italy","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2004-riva-85-37-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T21:15:58.325Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303073805603-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303073805603-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303073805603-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303073821089-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303073835982-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303073853217-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303073909319-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303073925696-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303073940094-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303073956668-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074011582-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074025354-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074042143-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074057767-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074114018-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074130286-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074146258-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074205600-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074222304-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074241286-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074259796-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074316227-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074333566-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074350923-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/93/79/2004-riva-85-opera-power-10099379-20260303074408427-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-60.3811315382884,"est":3.5336698254090364,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 60% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.17,"residual":1.34},{"year":2027,"yearIdx":1,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.33,"residual":1.28},{"year":2028,"yearIdx":2,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.48,"residual":1.22},{"year":2029,"yearIdx":3,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.63,"residual":1.17},{"year":2030,"yearIdx":4,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.77,"residual":1.12}],"totalOp":0.77,"totalCharter":0,"net5yr":-0.77,"residualY5":1.12,"netHoldCost":1.05,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.91,"debt":0.49,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.49,"debt":0.91,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.17,"target":1.23,"ceiling":1.29,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 60% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Riva, delivered in 2004 at 27m represents the classic-platform era with a documented owner timeline. Lying in Mar Tirreno, Italy. Presented by Allied Marine.","v":3}},{"id":"allied-2013-crn-139-76-ft-yacht-for-sale","name":"CRN Navetta 43","builder":"Crn","year":2013,"len":44.3,"price":12.76,"city":"Piraeus","country":"Greece","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2013-crn-139-76-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T01:45:31.773Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054838801-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054838801-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054838801-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054838965-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054839163-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054839310-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054840451-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054840607-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054840767-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054840922-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054842133-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054842292-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054842444-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054842606-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054843506-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/21/91/2013-crn-navetta-43-power-10132191-20260330054838965-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-20.587424098895617,"est":16.067984012872888,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 21% under model","tone":"strong-buy"},"cashflow":{"acquisition":12.76,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.28,"charterIncome":0,"netAnnual":-1.28,"cumulative":-1.28,"residual":12.19},{"year":2027,"yearIdx":1,"opCost":1.22,"charterIncome":0,"netAnnual":-1.22,"cumulative":-2.5,"residual":11.64},{"year":2028,"yearIdx":2,"opCost":1.16,"charterIncome":0,"netAnnual":-1.16,"cumulative":-3.66,"residual":11.12},{"year":2029,"yearIdx":3,"opCost":1.11,"charterIncome":0,"netAnnual":-1.11,"cumulative":-4.77,"residual":10.62},{"year":2030,"yearIdx":4,"opCost":1.06,"charterIncome":0,"netAnnual":-1.06,"cumulative":-5.83,"residual":10.14}],"totalOp":5.83,"totalCharter":0,"net5yr":-5.83,"residualY5":10.14,"netHoldCost":8.45,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":12.76,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":7.02,"debt":5.74,"rateBps":625,"annualDebtCost":0.36,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$360K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.47,"debt":8.29,"rateBps":625,"annualDebtCost":0.52,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":10.71,"target":11.22,"ceiling":11.73,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 21% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Crn, delivered in 2013 at 44m represents the classic-platform era with a documented owner timeline. Lying in Piraeus, Greece. Presented by Allied Marine.","v":3}},{"id":"allied-2007-crn-141-ft-yacht-for-sale","name":"CRN","builder":"Crn","year":2007,"len":43,"price":11.71,"city":"Piraeus","country":"Greece","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2007-crn-141-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T01:45:17.889Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911083906900-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911083906900-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911083906900-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081255838-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081256026-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081256185-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081256341-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081257039-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081257196-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081257512-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081258119-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081258391-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081258502-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081259239-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081259404-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081259533-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081259689-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081300407-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081300554-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081300677-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081300848-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081301659-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081301781-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081301969-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/31/2007-crn-motor-yacht-power-9942531-20250911081302181-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-5.2786848775411475,"est":12.362581732380853,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":11.71,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.17,"charterIncome":0,"netAnnual":-1.17,"cumulative":-1.17,"residual":11.18},{"year":2027,"yearIdx":1,"opCost":1.12,"charterIncome":0,"netAnnual":-1.12,"cumulative":-2.29,"residual":10.68},{"year":2028,"yearIdx":2,"opCost":1.07,"charterIncome":0,"netAnnual":-1.07,"cumulative":-3.36,"residual":10.2},{"year":2029,"yearIdx":3,"opCost":1.02,"charterIncome":0,"netAnnual":-1.02,"cumulative":-4.38,"residual":9.74},{"year":2030,"yearIdx":4,"opCost":0.97,"charterIncome":0,"netAnnual":-0.97,"cumulative":-5.35,"residual":9.3}],"totalOp":5.35,"totalCharter":0,"net5yr":-5.35,"residualY5":9.3,"netHoldCost":7.76,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":11.71,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":7.61,"debt":4.1,"rateBps":700,"annualDebtCost":0.29,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$290K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.1,"debt":7.61,"rateBps":700,"annualDebtCost":0.53,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":9.31,"target":9.78,"ceiling":10.25,"baselineDiscountPct":16.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Crn, delivered in 2007 at 43m represents the classic-platform era with a documented owner timeline. Lying in Piraeus, Greece. Presented by Allied Marine.","v":3}},{"id":"allied-2008-crn-186-02-ft-yacht-for-sale","name":"CRN 185","builder":"Crn","year":2008,"len":56.7,"price":29.22,"city":"Göcek","country":"Turkey","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2008-crn-186-02-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T01:45:15.025Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062524625-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062524625-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062524625-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062638467-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062643976-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062647992-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062652728-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062656614-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062701497-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062707866-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062715360-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062724135-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062731508-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062739531-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062749212-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062757678-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062805179-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062812503-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062821586-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062829422-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062836000-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062843123-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809062850089-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809063621029-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/2/59/2008-crn-185-power-9500259-20240809063628098-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":20.258443743992746,"est":24.297670159613737,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":29.22,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.92,"charterIncome":0,"netAnnual":-2.92,"cumulative":-2.92,"residual":27.91},{"year":2027,"yearIdx":1,"opCost":2.79,"charterIncome":0,"netAnnual":-2.79,"cumulative":-5.71,"residual":26.65},{"year":2028,"yearIdx":2,"opCost":2.67,"charterIncome":0,"netAnnual":-2.67,"cumulative":-8.38,"residual":25.45},{"year":2029,"yearIdx":3,"opCost":2.54,"charterIncome":0,"netAnnual":-2.54,"cumulative":-10.92,"residual":24.3},{"year":2030,"yearIdx":4,"opCost":2.43,"charterIncome":0,"netAnnual":-2.43,"cumulative":-13.35,"residual":23.21}],"totalOp":13.35,"totalCharter":0,"net5yr":-13.35,"residualY5":23.21,"netHoldCost":19.36,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":29.22,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":18.99,"debt":10.23,"rateBps":700,"annualDebtCost":0.72,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$720K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":10.23,"debt":18.99,"rateBps":700,"annualDebtCost":1.33,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":19.39,"target":20.56,"ceiling":21.73,"baselineDiscountPct":29.6,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 20% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Crn, delivered in 2008 at 57m represents the classic-platform era with a documented owner timeline. Lying in Göcek, Turkey. Presented by Allied Marine.","v":3}},{"id":"allied-2022-custom-line-139-8-ft-yacht-for-sale","name":"Custom Line CL 140","builder":"Custom Line","year":2022,"len":42.6,"price":25.75,"city":"Olbia","country":"IT-SS","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-custom-line-139-8-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T02:31:03.176Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080008619-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080008619-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080008619-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080008931-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080009314-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080009589-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080011142-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080011581-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080011917-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080012215-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080012959-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080013315-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080013562-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080013868-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080014754-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080015014-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080015321-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080015570-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080017072-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080017532-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080017786-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080018106-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080019690-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080019960-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/81/2022-custom-line-cl-140-power-10006281-20251107080020208-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":43.034033424558146,"est":18.002708434829657,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 43% over model","tone":"premium"},"cashflow":{"acquisition":25.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.58,"charterIncome":0,"netAnnual":-2.58,"cumulative":-2.58,"residual":24.2},{"year":2027,"yearIdx":1,"opCost":2.42,"charterIncome":0,"netAnnual":-2.42,"cumulative":-5,"residual":22.75},{"year":2028,"yearIdx":2,"opCost":2.27,"charterIncome":0,"netAnnual":-2.27,"cumulative":-7.27,"residual":21.38},{"year":2029,"yearIdx":3,"opCost":2.14,"charterIncome":0,"netAnnual":-2.14,"cumulative":-9.41,"residual":20.1},{"year":2030,"yearIdx":4,"opCost":2.01,"charterIncome":0,"netAnnual":-2.01,"cumulative":-11.42,"residual":18.89}],"totalOp":11.42,"totalCharter":0,"net5yr":-11.42,"residualY5":18.89,"netHoldCost":18.28,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":25.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":11.59,"debt":14.16,"rateBps":625,"annualDebtCost":0.89,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$890K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":9.01,"debt":16.74,"rateBps":625,"annualDebtCost":1.05,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":17.51,"target":18.54,"ceiling":19.57,"baselineDiscountPct":28,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 43% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Custom Line, delivered in 2022 at 43m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Olbia, It-ss. Presented by Allied Marine.","v":3}},{"id":"allied-2018-custom-line-152-03-ft-yacht-for-sale","name":"Custom Line Meteor 47M","builder":"Custom Line","year":2018,"len":46.4,"price":19.66,"city":"Bodrum","country":"Turkey","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2018-custom-line-152-03-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T02:45:23.732Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002141880-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002141880-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002141880-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002142207-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002142431-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002142635-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002145133-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002145304-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002145495-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002145691-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002147847-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002148124-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002148311-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002148478-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002150673-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002150838-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002151066-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002151216-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002153400-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002153552-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002153697-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002153856-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/6/18/2018-custom-line-meteor-47m-power-10050618-20260108002142207-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":2.624340243977805,"est":19.157248614958757,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":19.66,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.97,"charterIncome":0,"netAnnual":-1.97,"cumulative":-1.97,"residual":18.48},{"year":2027,"yearIdx":1,"opCost":1.85,"charterIncome":0,"netAnnual":-1.85,"cumulative":-3.82,"residual":17.37},{"year":2028,"yearIdx":2,"opCost":1.74,"charterIncome":0,"netAnnual":-1.74,"cumulative":-5.56,"residual":16.33},{"year":2029,"yearIdx":3,"opCost":1.63,"charterIncome":0,"netAnnual":-1.63,"cumulative":-7.19,"residual":15.6},{"year":2030,"yearIdx":4,"opCost":1.56,"charterIncome":0,"netAnnual":-1.56,"cumulative":-8.75,"residual":14.9}],"totalOp":8.75,"totalCharter":0,"net5yr":-8.75,"residualY5":14.9,"netHoldCost":13.51,"netHoldCostPctOfAcq":68.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 69% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":19.66,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":10.81,"debt":8.85,"rateBps":625,"annualDebtCost":0.55,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$550K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.88,"debt":12.78,"rateBps":625,"annualDebtCost":0.8,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":16.12,"target":16.91,"ceiling":17.69,"baselineDiscountPct":14,"strategy":"Segment-typical pricing. Standard 14%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Custom Line, delivered in 2018 at 46m has settled into its proven-hull period with full systems history. Lying in Bodrum, Turkey. Presented by Allied Marine.","v":3}},{"id":"allied-2018-custom-line-120-ft-yacht-for-sale","name":"Custom Line CL120","builder":"Custom Line","year":2018,"len":36.6,"price":11.25,"city":"West Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2018-custom-line-120-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T02:45:18.902Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090747605-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090747605-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090746409-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090749237-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090746653-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090748044-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090747162-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090748917-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230091532484-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230091533256-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230091533362-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230091533526-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090748376-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090748159-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090749697-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090751850-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090752106-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090747465-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090747336-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230090753370-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230092737692-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230092737108-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230092737207-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230092737898-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230092737802-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/51/2018-custom-line-120-power-10046351-20251230092738619-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-3.701602103015079,"est":11.68243734650152,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":11.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.13,"charterIncome":0,"netAnnual":-1.13,"cumulative":-1.13,"residual":10.57},{"year":2027,"yearIdx":1,"opCost":1.06,"charterIncome":0,"netAnnual":-1.06,"cumulative":-2.19,"residual":9.94},{"year":2028,"yearIdx":2,"opCost":0.99,"charterIncome":0,"netAnnual":-0.99,"cumulative":-3.18,"residual":9.34},{"year":2029,"yearIdx":3,"opCost":0.93,"charterIncome":0,"netAnnual":-0.93,"cumulative":-4.11,"residual":8.92},{"year":2030,"yearIdx":4,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-5,"residual":8.52}],"totalOp":5,"totalCharter":0,"net5yr":-5,"residualY5":8.52,"netHoldCost":7.73,"netHoldCostPctOfAcq":68.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 69% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":11.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.19,"debt":5.06,"rateBps":625,"annualDebtCost":0.32,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$320K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.94,"debt":7.31,"rateBps":625,"annualDebtCost":0.46,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":9.62,"target":10.07,"ceiling":10.52,"baselineDiscountPct":10.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Custom Line, delivered in 2018 at 37m has settled into its proven-hull period with full systems history. Lying in West Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2010-custom-line-86-02-ft-yacht-for-sale","name":"Custom Line Navetta 26","builder":"Custom Line","year":2010,"len":26.3,"price":2.63,"city":"Cannes","country":"France","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2010-custom-line-86-02-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T02:45:13.596Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108074818819-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108074818819-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108074819408-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108074819528-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108074819664-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108074819812-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108074821358-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108074821452-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075055498-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075055673-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075055797-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075055925-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075057318-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075057509-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075057650-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075057781-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075059015-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075059140-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075059285-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075730897-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075731086-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075731239-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075731404-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075732784-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075732941-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/53/2010-custom-line-navetta-26-power-10007153-20251108075733079-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-40.29633399105411,"est":4.405089629849406,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 40% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.63,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-0.32,"residual":2.51},{"year":2027,"yearIdx":1,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.62,"residual":2.4},{"year":2028,"yearIdx":2,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.91,"residual":2.29},{"year":2029,"yearIdx":3,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-1.18,"residual":2.19},{"year":2030,"yearIdx":4,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-1.44,"residual":2.09}],"totalOp":1.44,"totalCharter":0,"net5yr":-1.44,"residualY5":2.09,"netHoldCost":1.98,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.63,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.45,"debt":1.18,"rateBps":700,"annualDebtCost":0.08,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.92,"debt":1.71,"rateBps":700,"annualDebtCost":0.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.21,"target":2.31,"ceiling":2.42,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 40% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Custom Line, delivered in 2010 at 26m represents the classic-platform era with a documented owner timeline. Lying in Cannes, France. Presented by Allied Marine.","v":3}},{"id":"allied-2016-custom-line-92-ft-yacht-for-sale","name":"Custom Line Navetta 28","builder":"Custom Line","year":2016,"len":28,"price":4.8,"city":"Hong Kong","country":"Hong Kong","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2016-custom-line-92-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T01:45:34.560Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211002730-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211002730-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211054214-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211106084-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211117487-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211137158-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211144018-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211152927-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211200195-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211207813-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211214788-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211225549-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211231978-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211240254-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211336755-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211437912-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211448878-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211502233-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211516847-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211530385-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211546059-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211555867-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211611288-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211626374-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211644263-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/12/2016-custom-line-navetta-28-power-9113412-20240828211659667-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-10.415200803209112,"est":5.358051860400828,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 10% under model","tone":"value"},"cashflow":{"acquisition":4.8,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-0.58,"residual":4.51},{"year":2027,"yearIdx":1,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-1.12,"residual":4.31},{"year":2028,"yearIdx":2,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-1.64,"residual":4.12},{"year":2029,"yearIdx":3,"opCost":0.49,"charterIncome":0,"netAnnual":-0.49,"cumulative":-2.13,"residual":3.93},{"year":2030,"yearIdx":4,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-2.6,"residual":3.75}],"totalOp":2.6,"totalCharter":0,"net5yr":-2.6,"residualY5":3.75,"netHoldCost":3.65,"netHoldCostPctOfAcq":76,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.8,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.64,"debt":2.16,"rateBps":625,"annualDebtCost":0.14,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$140K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.68,"debt":3.12,"rateBps":625,"annualDebtCost":0.2,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.24,"target":4.43,"ceiling":4.62,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 10% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Custom Line, delivered in 2016 at 28m has settled into its proven-hull period with full systems history. Lying in Hong Kong, Hong Kong. Presented by Allied Marine.","v":3}},{"id":"allied-2015-custom-line-139-6-ft-yacht-for-sale","name":"Custom Line 140 EXPLORER TYPE","builder":"Custom Line","year":2015,"len":42.5,"price":1.29,"city":"Istanbul","country":"Turkey","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2015-custom-line-139-6-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T01:45:37.242Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220843121_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220843121_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220843121_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220845147_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220847138_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220849157_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220851252_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220852930_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220855163_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220856936_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220859463_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220901229_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220903208_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220905181_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220907189_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220909313_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220911211_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220913215_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220915213_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220917228_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220919245_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220921335_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220923310_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220925231_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/82/8495882_20220914220927263_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-90.95474392065812,"est":14.261619446531562,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 91% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.29,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.13,"residual":1.23},{"year":2027,"yearIdx":1,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.25,"residual":1.17},{"year":2028,"yearIdx":2,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.37,"residual":1.12},{"year":2029,"yearIdx":3,"opCost":0.11,"charterIncome":0,"netAnnual":-0.11,"cumulative":-0.48,"residual":1.07},{"year":2030,"yearIdx":4,"opCost":0.11,"charterIncome":0,"netAnnual":-0.11,"cumulative":-0.59,"residual":1.02}],"totalOp":0.59,"totalCharter":0,"net5yr":-0.59,"residualY5":1.02,"netHoldCost":0.86,"netHoldCostPctOfAcq":66.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.29,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":0.71,"debt":0.58,"rateBps":625,"annualDebtCost":0.04,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.45,"debt":0.84,"rateBps":625,"annualDebtCost":0.05,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":1.14,"target":1.19,"ceiling":1.24,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 91% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Custom Line, delivered in 2015 at 43m has settled into its proven-hull period with full systems history. Lying in Istanbul, Turkey. Presented by Allied Marine.","v":3}},{"id":"allied-2022-custom-line-95-14-ft-yacht-for-sale","name":"Custom Line Navetta 30","builder":"Custom Line","year":2022,"len":29.3,"price":9.71,"city":"La Spezia","country":"IT-SP","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-custom-line-95-14-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T02:00:28.459Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/98/56/2023-custom-line-navetta-30-power-9979856-20251014073437688-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414232632733-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414232826534-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414232827797-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414232829474-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414232831020-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414232915049-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414232916805-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414232918524-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414232920327-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233019614-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233017831-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233013830-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233015939-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233119669-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233159358-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233201080-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233111616-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233114711-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233117744-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233203006-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233402859-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233411815-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233413561-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233415427-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/58/2023-custom-line-navetta-30-power-8242058-20260414233205101-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":22.744110345846902,"est":7.910766530989438,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 23% over model","tone":"premium"},"cashflow":{"acquisition":9.71,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.17,"charterIncome":0,"netAnnual":-1.17,"cumulative":-1.17,"residual":9.13},{"year":2027,"yearIdx":1,"opCost":1.1,"charterIncome":0,"netAnnual":-1.1,"cumulative":-2.27,"residual":8.58},{"year":2028,"yearIdx":2,"opCost":1.03,"charterIncome":0,"netAnnual":-1.03,"cumulative":-3.3,"residual":8.07},{"year":2029,"yearIdx":3,"opCost":0.97,"charterIncome":0,"netAnnual":-0.97,"cumulative":-4.27,"residual":7.59},{"year":2030,"yearIdx":4,"opCost":0.91,"charterIncome":0,"netAnnual":-0.91,"cumulative":-5.18,"residual":7.13}],"totalOp":5.18,"totalCharter":0,"net5yr":-5.18,"residualY5":7.13,"netHoldCost":7.76,"netHoldCostPctOfAcq":79.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.71,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.34,"debt":4.37,"rateBps":625,"annualDebtCost":0.27,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$270K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.4,"debt":6.31,"rateBps":625,"annualDebtCost":0.39,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.59,"target":7.97,"ceiling":8.36,"baselineDiscountPct":17.9,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 23% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Custom Line, delivered in 2022 at 29m runs contemporary mechanicals and reads modern across the deckhouse. Lying in La Spezia, It-sp. Presented by Allied Marine.","v":3}},{"id":"allied-2014-hampton-83-ft-yacht-for-sale","name":"Hampton fly","builder":"Hampton","year":2014,"len":25.3,"price":2.25,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2014-hampton-83-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T02:01:33.574Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250903091403023-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250903091403023-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081121039-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081212615-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081212785-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081211172-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911080954734-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911080954909-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911080955106-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911080955239-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911080955855-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911080955967-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911080956126-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911080956342-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911080956781-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081321365-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081118654-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081118842-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081118995-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081119177-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081119924-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081318453-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081321952-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081319644-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081319279-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/53/2014-hampton-fly-power-9932553-20250911081318880-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-42.129407228144935,"est":3.8879850580937383,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 42% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.27,"residual":2.15},{"year":2027,"yearIdx":1,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.53,"residual":2.05},{"year":2028,"yearIdx":2,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.78,"residual":1.96},{"year":2029,"yearIdx":3,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.02,"residual":1.87},{"year":2030,"yearIdx":4,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-1.24,"residual":1.79}],"totalOp":1.24,"totalCharter":0,"net5yr":-1.24,"residualY5":1.79,"netHoldCost":1.7,"netHoldCostPctOfAcq":75.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.24,"debt":1.01,"rateBps":625,"annualDebtCost":0.06,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.79,"debt":1.46,"rateBps":625,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":1.99,"target":2.08,"ceiling":2.17,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 42% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Hampton, delivered in 2014 at 25m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2010-sunseeker-112-ft-yacht-for-sale","name":"Sunseeker 34 Metre","builder":"Sunseeker","year":2010,"len":34.1,"price":4.5,"city":"Golden Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2010-sunseeker-112-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T04:16:23.106Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122604415-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122604415-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122620059-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122610777-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122619584-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122615465-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122611421-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325121320054-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325120258374-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325121245476-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325121246833-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122610187-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122609539-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325121257673-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325121308509-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122616414-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122605138-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122617117-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325121300351-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325122615973-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325113013462-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325121249590-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325113014971-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325113016531-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325113027118-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/16/2010-sunseeker-34-metre-yacht-power-10110616-20260325121248188-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-34.71583604103812,"est":6.892942678761628,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 35% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-0.45,"residual":4.3},{"year":2027,"yearIdx":1,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-0.88,"residual":4.11},{"year":2028,"yearIdx":2,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-1.29,"residual":3.93},{"year":2029,"yearIdx":3,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-1.68,"residual":3.75},{"year":2030,"yearIdx":4,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-2.06,"residual":3.58}],"totalOp":2.06,"totalCharter":0,"net5yr":-2.06,"residualY5":3.58,"netHoldCost":2.98,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.48,"debt":2.02,"rateBps":700,"annualDebtCost":0.14,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$140K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.57,"debt":2.93,"rateBps":700,"annualDebtCost":0.21,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.78,"target":3.96,"ceiling":4.14,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 35% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sunseeker, delivered in 2010 at 34m represents the classic-platform era with a documented owner timeline. Lying in Golden Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2000-christensen-141-ft-yacht-for-sale","name":"Christensen Raised Pilothouse","builder":"Christensen","year":2000,"len":43,"price":7,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2000-christensen-141-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T04:46:25.085Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312101434981-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312101434981-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312101926466-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104615886-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104616130-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104617007-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104617250-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104617447-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104617667-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104618515-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104618991-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104619198-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104620123-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104620536-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104620340-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104620732-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104621593-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104622041-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104621835-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104622281-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104623188-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104623855-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104623393-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104623623-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104624869-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/81/2000-christensen-raised-pilothouse-power-10110881-20260312104625236-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-19.83975579356348,"est":8.73250832666242,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 20% under model","tone":"strong-buy"},"cashflow":{"acquisition":7,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-0.7,"residual":6.68},{"year":2027,"yearIdx":1,"opCost":0.67,"charterIncome":0,"netAnnual":-0.67,"cumulative":-1.37,"residual":6.38},{"year":2028,"yearIdx":2,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-2.01,"residual":6.09},{"year":2029,"yearIdx":3,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-2.62,"residual":5.82},{"year":2030,"yearIdx":4,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-3.2,"residual":5.56}],"totalOp":3.2,"totalCharter":0,"net5yr":-3.2,"residualY5":5.56,"netHoldCost":4.64,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.55,"debt":2.45,"rateBps":700,"annualDebtCost":0.17,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.45,"debt":4.55,"rateBps":700,"annualDebtCost":0.32,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":5.87,"target":6.15,"ceiling":6.43,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (26y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 20% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Christensen, delivered in 2000 at 43m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-mondomarine-162-25-ft-yacht-for-sale","name":"Mondomarine","builder":"Mondomarine","year":2006,"len":50,"price":18.5,"city":"West Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-mondomarine-162-25-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T23:06:07.302Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091736910-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091736910-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091739840-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091740044-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091740925-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091741100-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091741241-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091741415-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091742283-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091742136-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091742585-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091746087-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091743253-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091743613-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091743812-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091744613-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091744804-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091745017-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091746880-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091747057-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091747334-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091745843-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091747964-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091749426-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091748103-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/25/2006-mondomarine-motor-yacht-power-10111325-20260316091748354-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":19.36391090681881,"est":15.498821929889669,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":18.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.85,"charterIncome":0,"netAnnual":-1.85,"cumulative":-1.85,"residual":17.67},{"year":2027,"yearIdx":1,"opCost":1.77,"charterIncome":0,"netAnnual":-1.77,"cumulative":-3.62,"residual":16.87},{"year":2028,"yearIdx":2,"opCost":1.69,"charterIncome":0,"netAnnual":-1.69,"cumulative":-5.31,"residual":16.11},{"year":2029,"yearIdx":3,"opCost":1.61,"charterIncome":0,"netAnnual":-1.61,"cumulative":-6.92,"residual":15.39},{"year":2030,"yearIdx":4,"opCost":1.54,"charterIncome":0,"netAnnual":-1.54,"cumulative":-8.46,"residual":14.7}],"totalOp":8.46,"totalCharter":0,"net5yr":-8.46,"residualY5":14.7,"netHoldCost":12.26,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":18.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":12.03,"debt":6.47,"rateBps":700,"annualDebtCost":0.45,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$450K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.47,"debt":12.03,"rateBps":700,"annualDebtCost":0.84,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":12.36,"target":13.1,"ceiling":13.84,"baselineDiscountPct":29.2,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 19% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Mondomarine, delivered in 2006 at 50m represents the classic-platform era with a documented owner timeline. Lying in West Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2008-palmer-johnson-124-ft-yacht-for-sale","name":"Palmer Johnson 124 Sports Cruiser","builder":"Palmer Johnson","year":2008,"len":37.8,"price":6.5,"city":"Naples","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2008-palmer-johnson-124-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T15:46:17.496Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195654677_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195654677_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195746558_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195748659_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195750626_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195752571_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195754564_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195756581_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195758639_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195800595_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195802604_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195804643_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195806615_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195808562_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195810624_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195812657_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195814597_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195816577_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195818629_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195820647_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195822596_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195824622_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195826590_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195828608_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195830628_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/45/83/9174583_20240102195832707_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-28.889756019701775,"est":9.140736462387736,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 29% under model","tone":"strong-buy"},"cashflow":{"acquisition":6.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-0.65,"residual":6.21},{"year":2027,"yearIdx":1,"opCost":0.62,"charterIncome":0,"netAnnual":-0.62,"cumulative":-1.27,"residual":5.93},{"year":2028,"yearIdx":2,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-1.86,"residual":5.66},{"year":2029,"yearIdx":3,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-2.43,"residual":5.41},{"year":2030,"yearIdx":4,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-2.97,"residual":5.17}],"totalOp":2.97,"totalCharter":0,"net5yr":-2.97,"residualY5":5.17,"netHoldCost":4.3,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.23,"debt":2.27,"rateBps":700,"annualDebtCost":0.16,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$160K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.27,"debt":4.23,"rateBps":700,"annualDebtCost":0.3,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":5.45,"target":5.71,"ceiling":5.97,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Palmer Johnson is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 29% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Palmer Johnson, delivered in 2008 at 38m represents the classic-platform era with a documented owner timeline. Lying in Naples, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1989-broward-125-ft-yacht-for-sale-2","name":"Broward Tri-Deck","builder":"Broward","year":1989,"len":38.1,"price":3.9,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1989-broward-125-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-14T09:15:40.594Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/80/16/8358016_20220615150057380_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/80/16/8358016_20220615150057380_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144738179_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144744373_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144748753_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144753733_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144758977_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144805186_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144810002_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144816392_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144820866_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144825958_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144831776_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144837949_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144843101_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144848175_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144853461_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144859073_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144903967_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144908864_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144913973_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144919213_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144924104_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144929033_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144934115_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/16/8358016_20220615144938826_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-4.966404576120487,"est":4.103811902101338,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":3.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-0.39,"residual":3.72},{"year":2027,"yearIdx":1,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-0.76,"residual":3.55},{"year":2028,"yearIdx":2,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.11,"residual":3.39},{"year":2029,"yearIdx":3,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.45,"residual":3.24},{"year":2030,"yearIdx":4,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.77,"residual":3.09}],"totalOp":1.77,"totalCharter":0,"net5yr":-1.77,"residualY5":3.09,"netHoldCost":2.58,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.54,"debt":1.36,"rateBps":700,"annualDebtCost":0.1,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.36,"debt":2.54,"rateBps":700,"annualDebtCost":0.18,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.1,"target":3.26,"ceiling":3.41,"baselineDiscountPct":16.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (37y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Broward, delivered in 1989 at 38m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2010-sunseeker-98-ft-yacht-for-sale","name":"Sunseeker 30 Metre","builder":"Sunseeker","year":2010,"len":29.9,"price":3.25,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2010-sunseeker-98-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-11T23:09:18.750Z","photoUrl":"https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","_priv":{"estimate":{"delta":-36.62530634320074,"est":5.128229917133996,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 37% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-0.39,"residual":3.1},{"year":2027,"yearIdx":1,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-0.76,"residual":2.96},{"year":2028,"yearIdx":2,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.12,"residual":2.83},{"year":2029,"yearIdx":3,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.46,"residual":2.7},{"year":2030,"yearIdx":4,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.78,"residual":2.58}],"totalOp":1.78,"totalCharter":0,"net5yr":-1.78,"residualY5":2.58,"netHoldCost":2.45,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.79,"debt":1.46,"rateBps":700,"annualDebtCost":0.1,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.14,"debt":2.11,"rateBps":700,"annualDebtCost":0.15,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.73,"target":2.86,"ceiling":2.99,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 37% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sunseeker, delivered in 2010 at 30m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-2018-westport-125-ft-yacht-for-sale","name":"Westport Raised Pilothouse","builder":"Westport","year":2018,"len":38.1,"price":18.9,"city":"Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2018-westport-125-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T17:26:11.548Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100828003-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100828003-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100835129-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100835744-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100836272-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100836890-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100838384-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100839033-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100839707-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100840208-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100841862-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100842474-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100843034-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100843599-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100845098-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100845623-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100846161-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100846729-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100848367-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100849059-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100849683-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100850276-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100853629-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100851923-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100852520-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/51/23/2018-westport-raised-pilothouse-power-10045123-20260113100853100-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":52.14886529165044,"est":12.422044662489629,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 52% over model","tone":"premium"},"cashflow":{"acquisition":18.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.89,"charterIncome":0,"netAnnual":-1.89,"cumulative":-1.89,"residual":17.77},{"year":2027,"yearIdx":1,"opCost":1.78,"charterIncome":0,"netAnnual":-1.78,"cumulative":-3.67,"residual":16.7},{"year":2028,"yearIdx":2,"opCost":1.67,"charterIncome":0,"netAnnual":-1.67,"cumulative":-5.34,"residual":15.7},{"year":2029,"yearIdx":3,"opCost":1.57,"charterIncome":0,"netAnnual":-1.57,"cumulative":-6.91,"residual":14.99},{"year":2030,"yearIdx":4,"opCost":1.5,"charterIncome":0,"netAnnual":-1.5,"cumulative":-8.41,"residual":14.32}],"totalOp":8.41,"totalCharter":0,"net5yr":-8.41,"residualY5":14.32,"netHoldCost":12.99,"netHoldCostPctOfAcq":68.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 69% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":18.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":10.4,"debt":8.5,"rateBps":625,"annualDebtCost":0.53,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$530K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.61,"debt":12.29,"rateBps":625,"annualDebtCost":0.77,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":12.1,"target":12.85,"ceiling":13.61,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 52% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Westport, delivered in 2018 at 38m has settled into its proven-hull period with full systems history. Lying in Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2017-johnson-93-ft-yacht-for-sale","name":"Johnson 93 Flybridge","builder":"Johnson","year":2017,"len":28.3,"price":4.13,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2017-johnson-93-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-11T23:38:45.312Z","photoUrl":"https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","_priv":{"estimate":{"delta":-25.12217357710072,"est":5.515651558412432,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 25% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.13,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.5,"charterIncome":0,"netAnnual":-0.5,"cumulative":-0.5,"residual":3.88},{"year":2027,"yearIdx":1,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-0.97,"residual":3.65},{"year":2028,"yearIdx":2,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-1.41,"residual":3.49},{"year":2029,"yearIdx":3,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-1.83,"residual":3.33},{"year":2030,"yearIdx":4,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-2.23,"residual":3.18}],"totalOp":2.23,"totalCharter":0,"net5yr":-2.23,"residualY5":3.18,"netHoldCost":3.18,"netHoldCostPctOfAcq":77,"verdict":"Private use, no charter income modelled. Effective hold cost: 77% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.13,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.27,"debt":1.86,"rateBps":625,"annualDebtCost":0.12,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.45,"debt":2.68,"rateBps":625,"annualDebtCost":0.17,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":3.65,"target":3.81,"ceiling":3.98,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 25% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Johnson, delivered in 2017 at 28m has settled into its proven-hull period with full systems history. Lying in Usa.","v":3}},{"id":"allied-2012-lazzara-95-ft-yacht-for-sale","name":"Lazzara LSX 95 Flybridge","builder":"Lazzara","year":2012,"len":29,"price":2.99,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2012-lazzara-95-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T22:21:08.305Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260323081709106-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260323081709106-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260323081709106-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184009989-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184010151-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184010267-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184010420-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184010971-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184011056-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184011198-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184011313-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184011781-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184011901-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184011975-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184012049-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184012663-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184012796-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184012910-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184112564-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184112723-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184112860-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184112981-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184113461-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184113540-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184113687-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/85/71/2019-lazzara-lsx-95-flybridge-power-9268571-20260316184141092-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-39.62994606443379,"est":4.952786696515575,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 40% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.36,"residual":2.86},{"year":2027,"yearIdx":1,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.7,"residual":2.73},{"year":2028,"yearIdx":2,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.03,"residual":2.61},{"year":2029,"yearIdx":3,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-1.34,"residual":2.49},{"year":2030,"yearIdx":4,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.64,"residual":2.38}],"totalOp":1.64,"totalCharter":0,"net5yr":-1.64,"residualY5":2.38,"netHoldCost":2.25,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.64,"debt":1.35,"rateBps":625,"annualDebtCost":0.08,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.05,"debt":1.94,"rateBps":625,"annualDebtCost":0.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":2.51,"target":2.63,"ceiling":2.75,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 40% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Lazzara, delivered in 2012 at 29m represents the classic-platform era with a documented owner timeline. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2021-sirena-88-ft-yacht-for-sale-2","name":"Sirena 88","builder":"Sirena","year":2021,"len":26.8,"price":6.96,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2021-sirena-88-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T10:46:14.596Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052956438-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052956438-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052833260-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052831166-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052833621-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052833894-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052834193-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052836035-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052836309-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052836623-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052836921-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052838549-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052838873-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052839198-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052839531-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052841042-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052841379-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052841638-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052841974-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052843582-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052843854-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052844133-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052844419-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052846667-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052846969-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/40/2021-sirena-88-power-9910940-20250815052847303-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":25.23624560114337,"est":5.557496527136755,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 25% over model","tone":"premium"},"cashflow":{"acquisition":6.96,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-0.84,"residual":6.54},{"year":2027,"yearIdx":1,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-1.62,"residual":6.15},{"year":2028,"yearIdx":2,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-2.36,"residual":5.78},{"year":2029,"yearIdx":3,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-3.05,"residual":5.43},{"year":2030,"yearIdx":4,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-3.7,"residual":5.1}],"totalOp":3.7,"totalCharter":0,"net5yr":-3.7,"residualY5":5.1,"netHoldCost":5.56,"netHoldCostPctOfAcq":79.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.96,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.83,"debt":3.13,"rateBps":625,"annualDebtCost":0.2,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$200K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.44,"debt":4.52,"rateBps":625,"annualDebtCost":0.28,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.35,"target":5.63,"ceiling":5.91,"baselineDiscountPct":19.1,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 25% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Sirena, delivered in 2021 at 27m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2014-sunseeker-131-ft-yacht-for-sale","name":"Sunseeker 131","builder":"Sunseeker","year":2014,"len":39.9,"price":8.2,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2014-sunseeker-131-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T06:26:10.864Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260421113343221-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260421113343221-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122002820-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122002999-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122003180-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122003790-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122003989-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122004144-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122004351-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122004799-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122004993-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122028109-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122028326-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122028472-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122028620-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122029239-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122029420-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122029609-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122029770-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122030291-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122030441-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122046934-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122047141-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122047377-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122047584-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/21/2014-sunseeker-131-yacht-power-10157421-20260511122048350-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","mmsi":"235060209","callsign":"2AJL6","beam":8,"datalasticUuid":"0386beba-37a5-4ac3-3d12-fbfffe1ea969","_priv":{"estimate":{"delta":-26.646818981667135,"est":11.178792638795864,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 27% under model","tone":"strong-buy"},"cashflow":{"acquisition":8.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.82,"charterIncome":0,"netAnnual":-0.82,"cumulative":-0.82,"residual":7.83},{"year":2027,"yearIdx":1,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-1.6,"residual":7.48},{"year":2028,"yearIdx":2,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-2.35,"residual":7.14},{"year":2029,"yearIdx":3,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-3.06,"residual":6.82},{"year":2030,"yearIdx":4,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-3.74,"residual":6.51}],"totalOp":3.74,"totalCharter":0,"net5yr":-3.74,"residualY5":6.51,"netHoldCost":5.43,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.51,"debt":3.69,"rateBps":625,"annualDebtCost":0.23,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$230K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.87,"debt":5.33,"rateBps":625,"annualDebtCost":0.33,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":7.24,"target":7.57,"ceiling":7.9,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 27% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Sunseeker, delivered in 2014 at 40m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2025-archipelago-80-ft-yacht-for-sale","name":"Archipelago A-80 Expedition","builder":"Archipelago","year":2025,"len":24.4,"price":6.9,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2025-archipelago-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T10:15:11.975Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/50/61/2025-archipelago-a-80-expedition-power-9675061-20250220104216437-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/50/61/2025-archipelago-a-80-expedition-power-9675061-20250220104216437-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/61/2025-archipelago-a-80-expedition-power-9675061-20250220104225447-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/61/2025-archipelago-a-80-expedition-power-9675061-20250220104226447-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/61/2025-archipelago-a-80-expedition-power-9675061-20250220104227426-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/61/2025-archipelago-a-80-expedition-power-9675061-20250220104228439-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/61/2025-archipelago-a-80-expedition-power-9675061-20250220104229445-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/50/61/2025-archipelago-a-80-expedition-power-9675061-20250220104218462-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":27.01108675418633,"est":5.432596615249868,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 27% over model","tone":"premium"},"cashflow":{"acquisition":6.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-0.83,"residual":6.28},{"year":2027,"yearIdx":1,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-1.58,"residual":5.71},{"year":2028,"yearIdx":2,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-2.27,"residual":5.37},{"year":2029,"yearIdx":3,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-2.91,"residual":5.05},{"year":2030,"yearIdx":4,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-3.52,"residual":4.75}],"totalOp":3.52,"totalCharter":0,"net5yr":-3.52,"residualY5":4.75,"netHoldCost":5.67,"netHoldCostPctOfAcq":82.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 82% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.79,"debt":3.11,"rateBps":625,"annualDebtCost":0.19,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$190K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.42,"debt":4.48,"rateBps":625,"annualDebtCost":0.28,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.24,"target":5.52,"ceiling":5.8,"baselineDiscountPct":20,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 27% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Archipelago, delivered in 2025 at 24m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2001-lazzara-94-ft-yacht-for-sale","name":"Lazzara","builder":"Lazzara","year":2001,"len":28.7,"price":2.35,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2001-lazzara-94-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T02:16:09.187Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402162443573-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402162443573-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122549348-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122549495-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122550857-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122551002-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122551127-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122610684-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122551288-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122547876-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122552540-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122552676-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122610817-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122552972-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122608351-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122553143-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122554388-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122554546-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122554712-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122554837-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122556616-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122556787-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122556965-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122557109-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122559311-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/79/2001-lazzara-motoryacht-power-10136579-20260402122559501-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-30.53747996838388,"est":3.38311941307397,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 31% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.35,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-0.28,"residual":2.24},{"year":2027,"yearIdx":1,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.55,"residual":2.14},{"year":2028,"yearIdx":2,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.81,"residual":2.04},{"year":2029,"yearIdx":3,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.05,"residual":1.95},{"year":2030,"yearIdx":4,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-1.28,"residual":1.86}],"totalOp":1.28,"totalCharter":0,"net5yr":-1.28,"residualY5":1.86,"netHoldCost":1.77,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.35,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.53,"debt":0.82,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.82,"debt":1.53,"rateBps":700,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.97,"target":2.07,"ceiling":2.16,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 31% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Lazzara, delivered in 2001 at 29m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2027-rmk-marine-190-ft-yacht-for-sale-2","name":"RMK Marine Orca 58M","builder":"Rmk Marine","year":2027,"len":57.9,"price":49.12,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2027-rmk-marine-190-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-14T10:15:34.090Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/19/56/2026-rmk-yachts-orca-58m-power-9981956-20251016072858894-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/19/56/2026-rmk-yachts-orca-58m-power-9981956-20251016072858894-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/56/2026-rmk-yachts-orca-58m-power-9981956-20251016072902258-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/19/56/2026-rmk-yachts-orca-58m-power-9981956-20251016072858683-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":17.365896091739916,"est":41.85202144378039,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 17% over model","tone":"premium"},"cashflow":{"acquisition":49.12,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":4.91,"charterIncome":0,"netAnnual":-4.91,"cumulative":-4.91,"residual":44.7},{"year":2027,"yearIdx":1,"opCost":4.47,"charterIncome":0,"netAnnual":-4.47,"cumulative":-9.38,"residual":40.68},{"year":2028,"yearIdx":2,"opCost":4.07,"charterIncome":0,"netAnnual":-4.07,"cumulative":-13.45,"residual":37.02},{"year":2029,"yearIdx":3,"opCost":3.7,"charterIncome":0,"netAnnual":-3.7,"cumulative":-17.15,"residual":33.69},{"year":2030,"yearIdx":4,"opCost":3.37,"charterIncome":0,"netAnnual":-3.37,"cumulative":-20.52,"residual":31.67}],"totalOp":20.52,"totalCharter":0,"net5yr":-20.52,"residualY5":31.67,"netHoldCost":37.97,"netHoldCostPctOfAcq":77.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 77% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":49.12,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":22.1,"debt":27.02,"rateBps":625,"annualDebtCost":1.69,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.7M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":17.19,"debt":31.93,"rateBps":625,"annualDebtCost":2,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":39.7,"target":41.66,"ceiling":43.63,"baselineDiscountPct":15.2,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 17% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Rmk Marine, delivered in 2027 at 58m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2013-cheoy-lee-88-ft-yacht-for-sale","name":"Cheoy Lee Bravo","builder":"Cheoy Lee","year":2013,"len":26.8,"price":3,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2013-cheoy-lee-88-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T11:45:20.640Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033258929-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033258929-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033043648-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033046347-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033049487-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033052285-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033055595-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033058348-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033101233-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033104287-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033107847-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033110790-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033146732-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033143679-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033149757-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033152559-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033204664-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033201763-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033155673-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033158544-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033113553-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033116426-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033119292-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033122387-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033125618-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/68/2013-cheoy-lee-bravo-power-9596568-20241029033128349-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-29.97724460173357,"est":4.284321550811569,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 30% under model","tone":"strong-buy"},"cashflow":{"acquisition":3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.36,"residual":2.86},{"year":2027,"yearIdx":1,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.7,"residual":2.73},{"year":2028,"yearIdx":2,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.03,"residual":2.61},{"year":2029,"yearIdx":3,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-1.34,"residual":2.49},{"year":2030,"yearIdx":4,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.64,"residual":2.38}],"totalOp":1.64,"totalCharter":0,"net5yr":-1.64,"residualY5":2.38,"netHoldCost":2.26,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.65,"debt":1.35,"rateBps":625,"annualDebtCost":0.08,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.05,"debt":1.95,"rateBps":625,"annualDebtCost":0.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":2.52,"target":2.64,"ceiling":2.76,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 30% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Cheoy Lee, delivered in 2013 at 27m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2011-president-107-ft-yacht-for-sale-2","name":"President Sterling Tri-Deck","builder":"President","year":2011,"len":32.6,"price":3.49,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2011-president-107-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-11T23:42:30.032Z","photoUrl":"https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","_priv":{"estimate":{"delta":-44.05563608469366,"est":6.238340658021386,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 44% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.49,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-0.35,"residual":3.33},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.68,"residual":3.18},{"year":2028,"yearIdx":2,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1,"residual":3.04},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.3,"residual":2.9},{"year":2030,"yearIdx":4,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.59,"residual":2.77}],"totalOp":1.59,"totalCharter":0,"net5yr":-1.59,"residualY5":2.77,"netHoldCost":2.31,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.49,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.92,"debt":1.57,"rateBps":700,"annualDebtCost":0.11,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$110K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.22,"debt":2.27,"rateBps":700,"annualDebtCost":0.16,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.93,"target":3.07,"ceiling":3.21,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 44% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage President, delivered in 2011 at 33m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-2019-sanlorenzo-112-ft-yacht-for-sale","name":"Sanlorenzo SD112","builder":"Sanlorenzo","year":2019,"len":34.1,"price":8.25,"city":"Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2019-sanlorenzo-112-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T13:01:01.355Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260219132001217-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260219132001217-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071800896-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071801280-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071801664-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071802462-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071802795-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071803186-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071803507-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071804534-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071804810-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071805099-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071805375-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071806208-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071806500-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071806752-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220071807031-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220073407093-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220073407565-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220073407901-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220073408252-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220073409092-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220073409486-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220073409846-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220073410324-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/13/54/2019-sanlorenzo-sd112-power-10081354-20260220073411206-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-26.172972555258106,"est":11.174769302712297,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 26% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":8.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-0.83,"residual":7.96},{"year":2027,"yearIdx":1,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-1.63,"residual":7.68},{"year":2028,"yearIdx":2,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-2.4,"residual":7.41},{"year":2029,"yearIdx":3,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-3.14,"residual":7.15},{"year":2030,"yearIdx":4,"opCost":0.72,"charterIncome":0,"netAnnual":-0.72,"cumulative":-3.86,"residual":6.97}],"totalOp":3.86,"totalCharter":0,"net5yr":-3.86,"residualY5":6.97,"netHoldCost":5.14,"netHoldCostPctOfAcq":62.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 62% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.54,"debt":3.71,"rateBps":625,"annualDebtCost":0.23,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$230K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.89,"debt":5.36,"rateBps":625,"annualDebtCost":0.34,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.38,"target":7.71,"ceiling":8.04,"baselineDiscountPct":6.6,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Sanlorenzo — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 26% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Sanlorenzo, delivered in 2019 at 34m carries the full tier-A pedigree under proven systems. Lying in Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2025-majesty-120-ft-yacht-for-sale-2","name":"Majesty 120","builder":"Majesty","year":2025,"len":36.6,"price":13.9,"city":"Stuart","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2025-majesty-120-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-14T07:01:05.932Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/26/26/2025-majesty-120-power-10072626-20260219084925240-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/26/26/2025-majesty-120-power-10072626-20260219084925240-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/16/2025-majesty-120-power-9622316-20241215065019597-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20250530063628762-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20250530063621828-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20250530063625763-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/16/2025-majesty-120-power-9622316-20241215065015339-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/16/2025-majesty-120-power-9622316-20241215065023733-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/16/2025-majesty-120-power-9622316-20241215065027399-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/16/2025-majesty-120-power-9622316-20241127071722237-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133641088-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133642211-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133643100-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133644086-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133645103-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133646072-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133647114-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133648105-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133649074-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133650109-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133651090-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133652142-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133653095-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133654227-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133655196-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/91/2025-majesty-120-power-9644391-20241226133656289-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","mmsi":"470123000","beam":8,"datalasticUuid":"eaab9058-8cb9-0ebd-75a4-185b84304f47","_priv":{"estimate":{"delta":2.7547740648809564,"est":13.527352015024942,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":13.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.39,"charterIncome":0,"netAnnual":-1.39,"cumulative":-1.39,"residual":12.65},{"year":2027,"yearIdx":1,"opCost":1.27,"charterIncome":0,"netAnnual":-1.27,"cumulative":-2.66,"residual":11.51},{"year":2028,"yearIdx":2,"opCost":1.15,"charterIncome":0,"netAnnual":-1.15,"cumulative":-3.81,"residual":10.82},{"year":2029,"yearIdx":3,"opCost":1.08,"charterIncome":0,"netAnnual":-1.08,"cumulative":-4.89,"residual":10.17},{"year":2030,"yearIdx":4,"opCost":1.02,"charterIncome":0,"netAnnual":-1.02,"cumulative":-5.91,"residual":9.56}],"totalOp":5.91,"totalCharter":0,"net5yr":-5.91,"residualY5":9.56,"netHoldCost":10.25,"netHoldCostPctOfAcq":73.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 74% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":13.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":7.65,"debt":6.25,"rateBps":625,"annualDebtCost":0.39,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$390K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.87,"debt":9.03,"rateBps":625,"annualDebtCost":0.56,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":12.09,"target":12.65,"ceiling":13.21,"baselineDiscountPct":9,"strategy":"Segment-typical pricing. Standard 9%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This current-generation Majesty, delivered in 2025 at 37m is barely campaigned and reflects current build standards. Lying in Stuart, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2023-custom-line-137-ft-yacht-for-sale","name":"Custom Line NAVETTA 42","builder":"Custom Line","year":2023,"len":41.8,"price":22.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2023-custom-line-137-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T02:45:44.021Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142032514-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142032514-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142032514-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260225070701920-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142033170-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142037565-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142031777-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142036320-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142033854-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142036955-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142042802-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142038240-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142043431-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142044487-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142046536-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142055348-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142057374-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142059461-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142101543-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142148021-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142538203-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142526066-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142528277-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142534424-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/44/2023-custom-line-navetta-42-power-10087044-20260222142523994-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":26.253954980085847,"est":17.821223900311832,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 26% over model","tone":"premium"},"cashflow":{"acquisition":22.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.25,"charterIncome":0,"netAnnual":-2.25,"cumulative":-2.25,"residual":21.15},{"year":2027,"yearIdx":1,"opCost":2.11,"charterIncome":0,"netAnnual":-2.11,"cumulative":-4.36,"residual":19.88},{"year":2028,"yearIdx":2,"opCost":1.99,"charterIncome":0,"netAnnual":-1.99,"cumulative":-6.35,"residual":18.69},{"year":2029,"yearIdx":3,"opCost":1.87,"charterIncome":0,"netAnnual":-1.87,"cumulative":-8.22,"residual":17.57},{"year":2030,"yearIdx":4,"opCost":1.76,"charterIncome":0,"netAnnual":-1.76,"cumulative":-9.98,"residual":16.52}],"totalOp":9.98,"totalCharter":0,"net5yr":-9.98,"residualY5":16.52,"netHoldCost":15.96,"netHoldCostPctOfAcq":70.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":22.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":10.12,"debt":12.38,"rateBps":625,"annualDebtCost":0.77,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$770K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":7.87,"debt":14.63,"rateBps":625,"annualDebtCost":0.91,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":17.18,"target":18.08,"ceiling":18.98,"baselineDiscountPct":19.6,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 26% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Custom Line, delivered in 2023 at 42m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2001-intermarine-95-ft-yacht-for-sale-3","name":"Intermarine Raised Pilothouse","builder":"Intermarine","year":2001,"len":29,"price":1.98,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2001-intermarine-95-ft-yacht-for-sale-3/","source":"allied","refreshedAt":"2026-05-16T15:01:42.620Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/0/4/2001-intermarine-raised-pilothouse-power-9330004-20250708083855513-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/0/4/2001-intermarine-raised-pilothouse-power-9330004-20250708083855513-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103801772_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103802792_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103803793_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103804825_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103805827_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103806797_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103807795_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103808832_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103809841_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103810832_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103811868_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103812865_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103813873_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103814868_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103815880_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103816887_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103817855_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103818875_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103819880_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103820873_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103821900_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103822927_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103823973_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/4/9330004_20240409103825959_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-42.82757210927074,"est":3.463207831201909,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 43% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.98,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.24,"residual":1.89},{"year":2027,"yearIdx":1,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.47,"residual":1.8},{"year":2028,"yearIdx":2,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.69,"residual":1.72},{"year":2029,"yearIdx":3,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.9,"residual":1.64},{"year":2030,"yearIdx":4,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-1.1,"residual":1.57}],"totalOp":1.1,"totalCharter":0,"net5yr":-1.1,"residualY5":1.57,"netHoldCost":1.51,"netHoldCostPctOfAcq":76.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.98,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.29,"debt":0.69,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.69,"debt":1.29,"rateBps":700,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.66,"target":1.74,"ceiling":1.82,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 43% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Intermarine, delivered in 2001 at 29m represents the classic-platform era with a documented owner timeline. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2015-admiral-123-ft-yacht-for-sale","name":"Admiral Custom","builder":"Admiral","year":2015,"len":37.5,"price":10.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2015-admiral-123-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T04:46:21.203Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117140340737-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117140340737-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143318827-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143325060-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143332711-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143338082-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143344044-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143355986-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143349878-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143402175-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143408057-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143413858-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143420025-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117143426140-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250121093439746-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144013111-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144018987-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144025414-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144029002-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144033119-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144039046-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144044306-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144049986-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144055099-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144100894-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/80/62/2015-admiral-custom-power-9658062-20250117144105992-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":7.84273399191885,"est":9.736400044148374,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":10.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.05,"charterIncome":0,"netAnnual":-1.05,"cumulative":-1.05,"residual":10.03},{"year":2027,"yearIdx":1,"opCost":1,"charterIncome":0,"netAnnual":-1,"cumulative":-2.05,"residual":9.58},{"year":2028,"yearIdx":2,"opCost":0.96,"charterIncome":0,"netAnnual":-0.96,"cumulative":-3.01,"residual":9.15},{"year":2029,"yearIdx":3,"opCost":0.92,"charterIncome":0,"netAnnual":-0.92,"cumulative":-3.93,"residual":8.74},{"year":2030,"yearIdx":4,"opCost":0.87,"charterIncome":0,"netAnnual":-0.87,"cumulative":-4.8,"residual":8.35}],"totalOp":4.8,"totalCharter":0,"net5yr":-4.8,"residualY5":8.35,"netHoldCost":6.95,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.77,"debt":4.73,"rateBps":625,"annualDebtCost":0.3,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$300K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.67,"debt":6.83,"rateBps":625,"annualDebtCost":0.43,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":8.49,"target":8.91,"ceiling":9.33,"baselineDiscountPct":15.1,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Admiral, delivered in 2015 at 38m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-trinity-yachts-157-ft-yacht-for-sale","name":"Trinity Yachts Tri-Deck","builder":"Trinity Yachts","year":2006,"len":47.9,"price":16.9,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-trinity-yachts-157-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T05:36:08.839Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122035071-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122035071-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122033285-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122037388-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122031739-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122032308-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122031988-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122547282-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122553873-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122548283-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122551575-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122547055-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122554081-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122547681-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122552350-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122548875-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122548653-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122548455-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122549602-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122550279-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122550137-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122550967-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122552613-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122552834-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122033774-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/78/2006-trinty-tri-deck-motor-yacht-power-10119178-20260318122035245-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":15.812769296639242,"est":14.59251868566657,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":16.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.69,"charterIncome":0,"netAnnual":-1.69,"cumulative":-1.69,"residual":16.14},{"year":2027,"yearIdx":1,"opCost":1.61,"charterIncome":0,"netAnnual":-1.61,"cumulative":-3.3,"residual":15.41},{"year":2028,"yearIdx":2,"opCost":1.54,"charterIncome":0,"netAnnual":-1.54,"cumulative":-4.84,"residual":14.72},{"year":2029,"yearIdx":3,"opCost":1.47,"charterIncome":0,"netAnnual":-1.47,"cumulative":-6.31,"residual":14.06},{"year":2030,"yearIdx":4,"opCost":1.41,"charterIncome":0,"netAnnual":-1.41,"cumulative":-7.72,"residual":13.43}],"totalOp":7.72,"totalCharter":0,"net5yr":-7.72,"residualY5":13.43,"netHoldCost":11.19,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":16.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":10.99,"debt":5.91,"rateBps":700,"annualDebtCost":0.41,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$410K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.91,"debt":10.99,"rateBps":700,"annualDebtCost":0.77,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":11.59,"target":12.27,"ceiling":12.94,"baselineDiscountPct":27.4,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Trinity Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 16% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Trinity Yachts, delivered in 2006 at 48m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2012-princess-85-ft-yacht-for-sale","name":"Princess 85","builder":"Princess","year":2012,"len":25.9,"price":1.69,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2012-princess-85-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T11:42:07.171Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094138967-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094138967-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094141040-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094141205-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094141538-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094141832-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094142028-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094142266-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094142417-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094142592-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094142727-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094142865-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094143028-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094143228-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094143480-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094143839-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094144022-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094144211-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094144458-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094144669-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094144804-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094144988-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094145105-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/68/55/2012-princess-85-power-9896855-20250806094139166-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-55.994383845885174,"est":3.840418900354321,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 56% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.69,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.2,"residual":1.61},{"year":2027,"yearIdx":1,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.39,"residual":1.54},{"year":2028,"yearIdx":2,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.57,"residual":1.47},{"year":2029,"yearIdx":3,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.75,"residual":1.4},{"year":2030,"yearIdx":4,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.92,"residual":1.34}],"totalOp":0.92,"totalCharter":0,"net5yr":-0.92,"residualY5":1.34,"netHoldCost":1.27,"netHoldCostPctOfAcq":75.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.69,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":0.93,"debt":0.76,"rateBps":625,"annualDebtCost":0.05,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.59,"debt":1.1,"rateBps":625,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":1.42,"target":1.49,"ceiling":1.55,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Princess is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 56% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Princess, delivered in 2012 at 26m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2001-crescent-120-ft-yacht-for-sale","name":"Crescent Motor Yachts","builder":"Crescent","year":2001,"len":36.6,"price":3.5,"city":"San Diego","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2001-crescent-120-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T09:45:52.452Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114342781_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114342781_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114402090_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114405467_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114408317_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114410852_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114413187_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114415559_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114418358_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114421449_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114423991_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114427054_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114430075_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114434019_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114441373_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114447850_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114450647_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114453113_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114457107_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114500608_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114502998_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114505952_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114507772_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114509669_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114511868_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/73/8202173_20220201114513893_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-40.13781805083627,"est":5.846763158369797,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 40% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-0.35,"residual":3.34},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.68,"residual":3.19},{"year":2028,"yearIdx":2,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1,"residual":3.05},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.3,"residual":2.91},{"year":2030,"yearIdx":4,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.59,"residual":2.78}],"totalOp":1.59,"totalCharter":0,"net5yr":-1.59,"residualY5":2.78,"netHoldCost":2.31,"netHoldCostPctOfAcq":66,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.28,"debt":1.22,"rateBps":700,"annualDebtCost":0.09,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.22,"debt":2.28,"rateBps":700,"annualDebtCost":0.16,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.94,"target":3.08,"ceiling":3.22,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 40% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Crescent, delivered in 2001 at 37m represents the classic-platform era with a documented owner timeline. Lying in San Diego, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2001-westship-132-ft-yacht-for-sale","name":"Westship Skylounge","builder":"Westship","year":2001,"len":40.2,"price":4.95,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2001-westship-132-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T10:01:43.837Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103104102-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103104102-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103106266-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103106437-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103106570-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103106695-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103107302-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103107467-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103107605-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103107731-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103108341-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103108521-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103108731-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103108889-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103109419-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103109559-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103109693-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103109851-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103110432-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103110605-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103110724-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103110887-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103111329-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103111525-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103111677-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/92/2001-westship-skylounge-power-9959192-20250925103111838-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-31.44904334593514,"est":7.220905792722413,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 31% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.5,"charterIncome":0,"netAnnual":-0.5,"cumulative":-0.5,"residual":4.73},{"year":2027,"yearIdx":1,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-0.97,"residual":4.52},{"year":2028,"yearIdx":2,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-1.42,"residual":4.32},{"year":2029,"yearIdx":3,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-1.85,"residual":4.13},{"year":2030,"yearIdx":4,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-2.26,"residual":3.94}],"totalOp":2.26,"totalCharter":0,"net5yr":-2.26,"residualY5":3.94,"netHoldCost":3.27,"netHoldCostPctOfAcq":66.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.22,"debt":1.73,"rateBps":700,"annualDebtCost":0.12,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.73,"debt":3.22,"rateBps":700,"annualDebtCost":0.23,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":4.15,"target":4.35,"ceiling":4.55,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 31% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Westship, delivered in 2001 at 40m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2005-pacific-mariner-85-ft-yacht-for-sale","name":"Pacific Mariner Raised Pilothouse","builder":"Pacific Mariner","year":2005,"len":25.9,"price":1.59,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-pacific-mariner-85-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T03:06:20.531Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20251008082856366-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20251008082856366-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085757785-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085757904-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20251013093523047-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20251013093522304-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20251027075223937-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20251027075224102-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20251027075223682-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085758832-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085759079-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085759593-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20251013093522129-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085759717-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085759896-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20251013093521905-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085800038-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085800766-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085801030-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085801257-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085801498-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20260316115856490-43.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085802185-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motoryacht-power-9956506-20260318083607793-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085802466-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/65/6/2005-pacific-mariner-raised-pilothouse-motor-yacht-power-9956506-20250924085802618-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-48.013446693826204,"est":3.058483201676645,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 48% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.59,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.19,"residual":1.52},{"year":2027,"yearIdx":1,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.37,"residual":1.45},{"year":2028,"yearIdx":2,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.54,"residual":1.38},{"year":2029,"yearIdx":3,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.71,"residual":1.32},{"year":2030,"yearIdx":4,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.87,"residual":1.26}],"totalOp":0.87,"totalCharter":0,"net5yr":-0.87,"residualY5":1.26,"netHoldCost":1.2,"netHoldCostPctOfAcq":75.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.59,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.03,"debt":0.56,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.56,"debt":1.03,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.33,"target":1.4,"ceiling":1.46,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 48% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Pacific Mariner, delivered in 2005 at 26m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2010-princess-78-17-ft-yacht-for-sale","name":"Princess V78","builder":"Princess","year":2010,"len":24.2,"price":1.52,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2010-princess-78-17-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T14:31:00.028Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121409629-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121409629-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121349491-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121357519-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121358635-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121400608-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121402592-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121403641-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121404596-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121406563-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121407625-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121411699-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121413782-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121415651-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121416621-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121417630-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121418596-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121419687-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121421665-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121422673-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121423648-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121424729-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121426644-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121427635-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121428746-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/80/2010-princess-v78-power-9602680-20241104121430752-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-50.78990871206411,"est":3.088797358871464,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 51% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.52,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.18,"residual":1.45},{"year":2027,"yearIdx":1,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.35,"residual":1.38},{"year":2028,"yearIdx":2,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.52,"residual":1.32},{"year":2029,"yearIdx":3,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.68,"residual":1.26},{"year":2030,"yearIdx":4,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.83,"residual":1.2}],"totalOp":0.83,"totalCharter":0,"net5yr":-0.83,"residualY5":1.2,"netHoldCost":1.15,"netHoldCostPctOfAcq":75.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.52,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":0.84,"debt":0.68,"rateBps":700,"annualDebtCost":0.05,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.53,"debt":0.99,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.28,"target":1.34,"ceiling":1.4,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Princess is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 51% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Princess, delivered in 2010 at 24m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-johnson-87-ft-yacht-for-sale","name":"Johnson 87'","builder":"Johnson","year":2006,"len":26.5,"price":1.6,"city":"Dania Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-johnson-87-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T14:31:02.569Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/98/61/9219861_958144883_0_030220240400_11.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/98/61/9219861_958144883_0_030220240400_11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959932276_0_070320240610_10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959932279_0_070320240610_11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959932280_0_070320240611_12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959932359_0_070320240721_11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935467_0_070320240721_12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935486_0_070320240721_14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_958144887_0_030220240400_15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_958144889_0_030220240401_17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_958144890_0_030220240401_18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935474_0_070320240721_16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959932334_0_070320240733_75.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959932374_0_070320240722_17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935497_0_070320240722_18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935498_0_070320240722_19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935510_0_070320240722_22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935465_0_070320240723_23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959932398_0_070320240734_78.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935507_0_070320240723_24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935488_0_070320240723_26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935513_0_070320240723_28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_958144895_0_030220240403_23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_959935519_0_070320240724_32.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_958144894_0_030220240402_22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/61/9219861_958144896_0_030220240403_24.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-51.90383007808329,"est":3.3266682203542866,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 52% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.6,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.19,"residual":1.53},{"year":2027,"yearIdx":1,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.37,"residual":1.46},{"year":2028,"yearIdx":2,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.55,"residual":1.39},{"year":2029,"yearIdx":3,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.72,"residual":1.33},{"year":2030,"yearIdx":4,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.88,"residual":1.27}],"totalOp":0.88,"totalCharter":0,"net5yr":-0.88,"residualY5":1.27,"netHoldCost":1.21,"netHoldCostPctOfAcq":75.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.6,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.04,"debt":0.56,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.56,"debt":1.04,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.34,"target":1.41,"ceiling":1.47,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 52% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Johnson, delivered in 2006 at 27m represents the classic-platform era with a documented owner timeline. Lying in Dania Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1996-monte-fino-108-ft-yacht-for-sale","name":"Monte Fino Eurostyle","builder":"Monte Fino","year":1996,"len":32.9,"price":1.59,"city":"Marina del Rey","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1996-monte-fino-108-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T06:40:51.635Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/74/30/1996-monte-fino-eurostyle-power-10147430-20260415204734373-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/74/30/1996-monte-fino-eurostyle-power-10147430-20260415204734373-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/30/1996-monte-fino-eurostyle-power-10147430-20260415205359638-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/30/1996-monte-fino-eurostyle-power-10147430-20260415205402081-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/30/1996-monte-fino-eurostyle-power-10147430-20260415205359825-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/30/1996-monte-fino-eurostyle-power-10147430-20260415205359152-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/30/1996-monte-fino-eurostyle-power-10147430-20260415205359405-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/30/1996-monte-fino-eurostyle-power-10147430-20260415205403144-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/74/30/1996-monte-fino-eurostyle-power-10147430-20260415205402485-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-59.3325906002263,"est":3.909764657910193,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 59% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.59,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.16,"residual":1.52},{"year":2027,"yearIdx":1,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.31,"residual":1.45},{"year":2028,"yearIdx":2,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.45,"residual":1.38},{"year":2029,"yearIdx":3,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.59,"residual":1.32},{"year":2030,"yearIdx":4,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.72,"residual":1.26}],"totalOp":0.72,"totalCharter":0,"net5yr":-0.72,"residualY5":1.26,"netHoldCost":1.05,"netHoldCostPctOfAcq":66,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.59,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.03,"debt":0.56,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.56,"debt":1.03,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.33,"target":1.4,"ceiling":1.46,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (30y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 59% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Monte Fino, delivered in 1996 at 33m represents the classic-platform era with a documented owner timeline. Lying in Marina Del Rey, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2011-westport-130-ft-yacht-for-sale","name":"Westport 40 meter","builder":"Westport","year":2011,"len":39.6,"price":16.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2011-westport-130-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T11:30:56.619Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241213061640399-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241213061640399-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122805120-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122540956-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122548447-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122544783-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122552186-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122829158-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122809431-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212123126671-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212123122083-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122531404-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122518449-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122537071-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122510250-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122522364-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122533910-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122324931-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122408681-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122626557-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122824973-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122629851-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122623481-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122449186-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122600059-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/45/2011-westport-40-meter-power-9634745-20241212122556969-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":59.02438434689695,"est":10.375767255923959,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":16.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.65,"charterIncome":0,"netAnnual":-1.65,"cumulative":-1.65,"residual":15.76},{"year":2027,"yearIdx":1,"opCost":1.58,"charterIncome":0,"netAnnual":-1.58,"cumulative":-3.23,"residual":15.05},{"year":2028,"yearIdx":2,"opCost":1.51,"charterIncome":0,"netAnnual":-1.51,"cumulative":-4.74,"residual":14.37},{"year":2029,"yearIdx":3,"opCost":1.44,"charterIncome":0,"netAnnual":-1.44,"cumulative":-6.18,"residual":13.72},{"year":2030,"yearIdx":4,"opCost":1.37,"charterIncome":0,"netAnnual":-1.37,"cumulative":-7.55,"residual":13.1}],"totalOp":7.55,"totalCharter":0,"net5yr":-7.55,"residualY5":13.1,"netHoldCost":10.95,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":16.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":9.08,"debt":7.42,"rateBps":700,"annualDebtCost":0.52,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$520K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.77,"debt":10.73,"rateBps":700,"annualDebtCost":0.75,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":10.56,"target":11.22,"ceiling":11.88,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 59% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Westport, delivered in 2011 at 40m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1998-broward-103-ft-yacht-for-sale","name":"Broward 103","builder":"Broward","year":1998,"len":31.4,"price":2.35,"city":"Seattle","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1998-broward-103-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T14:45:53.239Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241026122609170-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241026122609170-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155515713-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155505991-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155519310-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241026122643338-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241026122644838-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155634644-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155622944-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155603632-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155626145-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241026122638077-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241026122639951-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241026122636239-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155534924-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155539669-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155544176-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155546999-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155550696-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155554918-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155630140-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155607633-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155611265-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155618597-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155614811-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/80/1998-broward-103-power-9586980-20241027155530518-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-33.968962902730816,"est":3.5589324404192766,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 34% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.35,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.24,"residual":2.24},{"year":2027,"yearIdx":1,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.46,"residual":2.14},{"year":2028,"yearIdx":2,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.67,"residual":2.04},{"year":2029,"yearIdx":3,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.87,"residual":1.95},{"year":2030,"yearIdx":4,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-1.07,"residual":1.86}],"totalOp":1.07,"totalCharter":0,"net5yr":-1.07,"residualY5":1.86,"netHoldCost":1.56,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.35,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.53,"debt":0.82,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.82,"debt":1.53,"rateBps":700,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.97,"target":2.07,"ceiling":2.16,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (28y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 34% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Broward, delivered in 1998 at 31m represents the classic-platform era with a documented owner timeline. Lying in Seattle, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2008-sunseeker-90-ft-yacht-for-sale","name":"Sunseeker 90","builder":"Sunseeker","year":2008,"len":27.4,"price":1.45,"city":"North Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2008-sunseeker-90-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T15:00:34.646Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102447395-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102447395-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102451757-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102452057-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102452324-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102452558-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102453959-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102454203-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102454447-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102454705-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102455991-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102456249-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102456508-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102456736-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102458166-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102458426-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102458981-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102459238-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102500882-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102501209-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102501548-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102501881-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102503373-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102503671-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102503929-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/37/81/2008-sunseeker-90-yacht-power-9963781-20250930102504187-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-63.274204884867025,"est":3.948178645157563,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 63% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.45,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.17,"residual":1.38},{"year":2027,"yearIdx":1,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.34,"residual":1.32},{"year":2028,"yearIdx":2,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.5,"residual":1.26},{"year":2029,"yearIdx":3,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.65,"residual":1.2},{"year":2030,"yearIdx":4,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.79,"residual":1.15}],"totalOp":0.79,"totalCharter":0,"net5yr":-0.79,"residualY5":1.15,"netHoldCost":1.09,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.45,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.94,"debt":0.51,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.51,"debt":0.94,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.22,"target":1.27,"ceiling":1.33,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 63% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sunseeker, delivered in 2008 at 27m represents the classic-platform era with a documented owner timeline. Lying in North Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2011-trinity-yachts-164-ft-yacht-for-sale","name":"Trinity Yachts CUSTOM","builder":"Trinity Yachts","year":2011,"len":50,"price":19.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2011-trinity-yachts-164-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T22:55:55.348Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/67/79/8526779_20230111123940491_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/67/79/8526779_20230111123940491_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121716539_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230117130943089_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121659752_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121712610_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121651734_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121707614_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121924206_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121932076_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121415628_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121423547_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111122117980_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121408730_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121430618_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121437721_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111122018456_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121546914_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121453260_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121500287_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121444883_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121532480_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121554513_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121602625_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121610967_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/79/8526779_20230111121540474_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":3.1225242569840734,"est":18.90954487441122,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":19.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.95,"charterIncome":0,"netAnnual":-1.95,"cumulative":-1.95,"residual":18.62},{"year":2027,"yearIdx":1,"opCost":1.86,"charterIncome":0,"netAnnual":-1.86,"cumulative":-3.81,"residual":17.78},{"year":2028,"yearIdx":2,"opCost":1.78,"charterIncome":0,"netAnnual":-1.78,"cumulative":-5.59,"residual":16.98},{"year":2029,"yearIdx":3,"opCost":1.7,"charterIncome":0,"netAnnual":-1.7,"cumulative":-7.29,"residual":16.22},{"year":2030,"yearIdx":4,"opCost":1.62,"charterIncome":0,"netAnnual":-1.62,"cumulative":-8.91,"residual":15.49}],"totalOp":8.91,"totalCharter":0,"net5yr":-8.91,"residualY5":15.49,"netHoldCost":12.92,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":19.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":10.72,"debt":8.78,"rateBps":700,"annualDebtCost":0.61,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$610K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.82,"debt":12.68,"rateBps":700,"annualDebtCost":0.89,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":14.43,"target":15.21,"ceiling":15.99,"baselineDiscountPct":22,"strategy":"Segment-typical pricing. Standard 22%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Trinity Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Trinity Yachts, delivered in 2011 at 50m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-paragon-92-ft-yacht-for-sale","name":"Paragon Cockpit","builder":"Paragon","year":2006,"len":28,"price":1.9,"city":"Bay City","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-paragon-92-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T15:01:00.880Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120124951590-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120124951590-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120124959573-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125000584-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125001574-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125002588-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125003559-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125004542-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125005574-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125006573-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125007586-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125008553-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125009583-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125010581-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125011577-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125012590-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125013573-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125014600-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125015574-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125016583-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125017595-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125018662-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125019605-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120125021607-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/98/47/2006-paragon-cockpit-motoryacht-power-9659847-20250120124952539-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-49.54063773012642,"est":3.76540628840722,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 50% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.23,"residual":1.81},{"year":2027,"yearIdx":1,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.45,"residual":1.73},{"year":2028,"yearIdx":2,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.66,"residual":1.65},{"year":2029,"yearIdx":3,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.86,"residual":1.58},{"year":2030,"yearIdx":4,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-1.05,"residual":1.51}],"totalOp":1.05,"totalCharter":0,"net5yr":-1.05,"residualY5":1.51,"netHoldCost":1.44,"netHoldCostPctOfAcq":75.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.24,"debt":0.66,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.66,"debt":1.24,"rateBps":700,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.59,"target":1.67,"ceiling":1.75,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 50% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Paragon, delivered in 2006 at 28m represents the classic-platform era with a documented owner timeline. Lying in Bay City, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1992-crescent-120-ft-yacht-for-sale","name":"Crescent Custom","builder":"Crescent","year":1992,"len":36.6,"price":3.9,"city":"Vancouver","country":"BC","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1992-crescent-120-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T22:56:12.698Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20250425120457207-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20250425120457207-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20250425120507275-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312125541619-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312130541670-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312130542575-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131131028-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312130542932-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20250425120513330-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312130542130-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131311109-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131311571-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131311985-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131312416-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131313252-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131523597-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131524036-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131524352-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131627329-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131627852-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312131628320-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312132129481-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312132130081-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312132304217-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312132304711-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/45/1992-crescent-custom-power-9771945-20260312132305142-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-10.613714656368053,"est":4.36308543867445,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 11% under model","tone":"value"},"cashflow":{"acquisition":3.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-0.39,"residual":3.72},{"year":2027,"yearIdx":1,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-0.76,"residual":3.55},{"year":2028,"yearIdx":2,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.11,"residual":3.39},{"year":2029,"yearIdx":3,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.45,"residual":3.24},{"year":2030,"yearIdx":4,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.77,"residual":3.09}],"totalOp":1.77,"totalCharter":0,"net5yr":-1.77,"residualY5":3.09,"netHoldCost":2.58,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.54,"debt":1.36,"rateBps":700,"annualDebtCost":0.1,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.36,"debt":2.54,"rateBps":700,"annualDebtCost":0.18,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.27,"target":3.43,"ceiling":3.58,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (34y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 11% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Crescent, delivered in 1992 at 37m represents the classic-platform era with a documented owner timeline. Lying in Vancouver, Bc. Presented by Allied Marine.","v":3}},{"id":"allied-2023-canados-143-ft-yacht-for-sale","name":"Canados 143","builder":"Canados","year":2023,"len":43.6,"price":23.43,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2023-canados-143-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-11T23:59:55.337Z","photoUrl":"https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","photos":["https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123823092-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123844193-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123841184-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123921356-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123916314-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123816075-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123845197-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123807049-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123814099-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123819082-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123836164-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/30/49/2023-canados-143-power-9593049-20241024123923368-1_XLARGE.jpg"],"_priv":{"estimate":{"delta":32.16074828923116,"est":17.72841051771583,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 32% over model","tone":"premium"},"cashflow":{"acquisition":23.43,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.34,"charterIncome":0,"netAnnual":-2.34,"cumulative":-2.34,"residual":22.02},{"year":2027,"yearIdx":1,"opCost":2.2,"charterIncome":0,"netAnnual":-2.2,"cumulative":-4.54,"residual":20.7},{"year":2028,"yearIdx":2,"opCost":2.07,"charterIncome":0,"netAnnual":-2.07,"cumulative":-6.61,"residual":19.46},{"year":2029,"yearIdx":3,"opCost":1.95,"charterIncome":0,"netAnnual":-1.95,"cumulative":-8.56,"residual":18.29},{"year":2030,"yearIdx":4,"opCost":1.83,"charterIncome":0,"netAnnual":-1.83,"cumulative":-10.39,"residual":17.19}],"totalOp":10.39,"totalCharter":0,"net5yr":-10.39,"residualY5":17.19,"netHoldCost":16.63,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":23.43,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":10.54,"debt":12.89,"rateBps":625,"annualDebtCost":0.81,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$810K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":8.2,"debt":15.23,"rateBps":625,"annualDebtCost":0.95,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":17.2,"target":18.14,"ceiling":19.08,"baselineDiscountPct":22.6,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 32% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Canados, delivered in 2023 at 44m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Usa.","v":3}},{"id":"allied-2015-sunseeker-92-ft-yacht-for-sale","name":"Sunseeker 28 Metre","builder":"Sunseeker","year":2015,"len":28,"price":4.5,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2015-sunseeker-92-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:01:42.559Z","photoUrl":"https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","photos":["https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143551815-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143551925-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143552034-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143552024-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143552005-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143551933-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143551943-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143551905-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143551713-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143551834-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143551895-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/65/2015-sunseeker-28-metre-yacht-power-10127765-20260325143551885-20.jpg"],"_priv":{"estimate":{"delta":-13.547727125477332,"est":5.205184144240286,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Value · 14% under model","tone":"value"},"cashflow":{"acquisition":4.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-0.54,"residual":4.3},{"year":2027,"yearIdx":1,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-1.06,"residual":4.11},{"year":2028,"yearIdx":2,"opCost":0.49,"charterIncome":0,"netAnnual":-0.49,"cumulative":-1.55,"residual":3.93},{"year":2029,"yearIdx":3,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-2.02,"residual":3.75},{"year":2030,"yearIdx":4,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-2.47,"residual":3.58}],"totalOp":2.47,"totalCharter":0,"net5yr":-2.47,"residualY5":3.58,"netHoldCost":3.39,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.48,"debt":2.02,"rateBps":625,"annualDebtCost":0.13,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$130K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.57,"debt":2.93,"rateBps":625,"annualDebtCost":0.18,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":3.97,"target":4.15,"ceiling":4.33,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 14% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Sunseeker, delivered in 2015 at 28m has settled into its proven-hull period with full systems history. Lying in Usa.","v":3}},{"id":"allied-2002-broward-120-ft-yacht-for-sale","name":"Broward 120","builder":"Broward","year":2002,"len":36.6,"price":3.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2002-broward-120-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T02:26:10.916Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155733422-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155733422-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155741200-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155742033-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155742409-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155742913-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155744215-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155745325-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155746227-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155747081-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155748460-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155749232-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155750095-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155750889-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155752133-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155752436-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155753245-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155754383-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155755765-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155756571-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155757547-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155758340-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155759511-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155800218-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155801060-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/66/2002-ocean-alexander-120-megayacht-power-10106666-20260309155801402-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-38.83415275505448,"est":5.72214750166683,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 39% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-0.35,"residual":3.34},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.68,"residual":3.19},{"year":2028,"yearIdx":2,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1,"residual":3.05},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.3,"residual":2.91},{"year":2030,"yearIdx":4,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.59,"residual":2.78}],"totalOp":1.59,"totalCharter":0,"net5yr":-1.59,"residualY5":2.78,"netHoldCost":2.31,"netHoldCostPctOfAcq":66,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.28,"debt":1.22,"rateBps":700,"annualDebtCost":0.09,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.22,"debt":2.28,"rateBps":700,"annualDebtCost":0.16,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.94,"target":3.08,"ceiling":3.22,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (24y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 39% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Broward, delivered in 2002 at 37m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2005-horizon-82-ft-yacht-for-sale","name":"Horizon 82 Skylounge","builder":"Horizon","year":2005,"len":25,"price":1.39,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-horizon-82-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:02:33.103Z","photoUrl":"https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","photos":["https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929500-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929675-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929539-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142930018-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929637-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929923-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929953-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929509-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929443-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929894-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929399-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/77/9/2005-horizon-82-skylounge-power-10127709-20260325142929293-20.jpg"],"_priv":{"estimate":{"delta":-48.05434267511248,"est":2.6758733483848736,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 48% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.39,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.17,"residual":1.33},{"year":2027,"yearIdx":1,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.33,"residual":1.27},{"year":2028,"yearIdx":2,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.48,"residual":1.21},{"year":2029,"yearIdx":3,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.63,"residual":1.16},{"year":2030,"yearIdx":4,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.77,"residual":1.11}],"totalOp":0.77,"totalCharter":0,"net5yr":-0.77,"residualY5":1.11,"netHoldCost":1.05,"netHoldCostPctOfAcq":75.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.39,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.9,"debt":0.49,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.49,"debt":0.9,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.17,"target":1.22,"ceiling":1.28,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 48% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Horizon, delivered in 2005 at 25m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-2000-crescent-127-92-ft-yacht-for-sale","name":"Crescent Custom Yachts","builder":"Crescent","year":2000,"len":41,"price":4.79,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2000-crescent-127-92-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T12:36:01.024Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260326123735264-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260326123735264-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114056218-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114056807-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114056977-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114057187-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114057307-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114057733-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114057925-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114058050-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114058190-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114058695-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114058845-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114058976-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114059110-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114059656-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114059809-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114059976-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114100208-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114101559-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114101825-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114102120-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114102422-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114103152-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114103302-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/14/2000-crescent-custom-yachts-power-10129014-20260401114103544-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-34.443853226843025,"est":7.306713764881225,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 34% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.79,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-0.48,"residual":4.57},{"year":2027,"yearIdx":1,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-0.94,"residual":4.36},{"year":2028,"yearIdx":2,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-1.38,"residual":4.16},{"year":2029,"yearIdx":3,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-1.8,"residual":3.97},{"year":2030,"yearIdx":4,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-2.2,"residual":3.79}],"totalOp":2.2,"totalCharter":0,"net5yr":-2.2,"residualY5":3.79,"netHoldCost":3.2,"netHoldCostPctOfAcq":66.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.79,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.11,"debt":1.68,"rateBps":700,"annualDebtCost":0.12,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.68,"debt":3.11,"rateBps":700,"annualDebtCost":0.22,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":4.02,"target":4.21,"ceiling":4.4,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (26y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 34% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Crescent, delivered in 2000 at 41m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1992-heesen-141-ft-yacht-for-sale","name":"Heesen 141","builder":"Heesen","year":1992,"len":43,"price":4,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1992-heesen-141-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:03:56.323Z","photoUrl":"https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","photos":["https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161100466_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161102309_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161104315_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161106323_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161108275_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161110369_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161112346_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161114352_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161116579_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161118325_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161120372_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/32/15/9163215_20231208161122397_1_XLARGE.jpg"],"_priv":{"estimate":{"delta":-47.753126501445266,"est":7.65596050471929,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 48% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-0.4,"residual":3.9},{"year":2027,"yearIdx":1,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-0.79,"residual":3.8},{"year":2028,"yearIdx":2,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-1.17,"residual":3.7},{"year":2029,"yearIdx":3,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-1.54,"residual":3.61},{"year":2030,"yearIdx":4,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.9,"residual":3.52}],"totalOp":1.9,"totalCharter":0,"net5yr":-1.9,"residualY5":3.52,"netHoldCost":2.38,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.6,"debt":1.4,"rateBps":700,"annualDebtCost":0.1,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.4,"debt":2.6,"rateBps":700,"annualDebtCost":0.18,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":3.44,"target":3.6,"ceiling":3.76,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Heesen — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (34y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 48% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Heesen, delivered in 1992 at 43m carries the full tier-A pedigree under proven systems. Lying in Usa.","v":3}},{"id":"allied-2011-hargrave-136-ft-yacht-for-sale","name":"Hargrave Tri Deck","builder":"Hargrave","year":2011,"len":41.5,"price":7.65,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2011-hargrave-136-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T09:15:51.313Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250314092422661-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250314092422661-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182826344-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182827349-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182828343-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182829342-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182830404-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182831367-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182832343-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182833360-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182834385-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182835346-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182836367-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182837369-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182839371-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182840384-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182841391-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182843390-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182844415-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182845420-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182846401-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182847485-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182848429-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313182849416-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313183241200-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/6/2011-hargrave-tri-deck-power-9702906-20250313183242201-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-28.760029483972815,"est":10.738353686262327,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 29% under model","tone":"strong-buy"},"cashflow":{"acquisition":7.65,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-0.77,"residual":7.31},{"year":2027,"yearIdx":1,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-1.5,"residual":6.98},{"year":2028,"yearIdx":2,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-2.2,"residual":6.67},{"year":2029,"yearIdx":3,"opCost":0.67,"charterIncome":0,"netAnnual":-0.67,"cumulative":-2.87,"residual":6.37},{"year":2030,"yearIdx":4,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-3.51,"residual":6.08}],"totalOp":3.51,"totalCharter":0,"net5yr":-3.51,"residualY5":6.08,"netHoldCost":5.08,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.65,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.21,"debt":3.44,"rateBps":700,"annualDebtCost":0.24,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$240K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.68,"debt":4.97,"rateBps":700,"annualDebtCost":0.35,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":6.42,"target":6.72,"ceiling":7.03,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 29% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hargrave, delivered in 2011 at 42m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2018-viking-93-ft-yacht-for-sale","name":"Viking Enclosed Flybridge","builder":"Viking","year":2018,"len":28.3,"price":5.25,"city":"Stuart","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2018-viking-93-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T05:01:11.875Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/34/71/2018-viking-enclosed-flybridge-power-9923471-20251013124212686-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/34/71/2018-viking-enclosed-flybridge-power-9923471-20251013124212686-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316121954088_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316121955099_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316121956109_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316121957112_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316121958115_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316121959164_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122000172_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122001191_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122002202_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122003173_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122004197_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122005111_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122006206_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122007211_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122008230_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122009234_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122010232_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122011295_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122012324_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122013220_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122014232_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122015171_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122016236_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/1/8744901_20230316122017266_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-9.388291953760703,"est":5.793953246440203,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 9% under model","tone":"value"},"cashflow":{"acquisition":5.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-0.63,"residual":4.93},{"year":2027,"yearIdx":1,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-1.22,"residual":4.63},{"year":2028,"yearIdx":2,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-1.78,"residual":4.35},{"year":2029,"yearIdx":3,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-2.3,"residual":4.15},{"year":2030,"yearIdx":4,"opCost":0.5,"charterIncome":0,"netAnnual":-0.5,"cumulative":-2.8,"residual":3.96}],"totalOp":2.8,"totalCharter":0,"net5yr":-2.8,"residualY5":3.96,"netHoldCost":4.09,"netHoldCostPctOfAcq":77.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 78% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.89,"debt":2.36,"rateBps":625,"annualDebtCost":0.15,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.84,"debt":3.41,"rateBps":625,"annualDebtCost":0.21,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.49,"target":4.7,"ceiling":4.91,"baselineDiscountPct":10.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 9% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Viking, delivered in 2018 at 28m has settled into its proven-hull period with full systems history. Lying in Stuart, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2008-broward-133-ft-yacht-for-sale","name":"Broward Raised Pilothouse","builder":"Broward","year":2008,"len":40.5,"price":3,"city":"Unknown","country":"US","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2008-broward-133-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T01:41:14.719Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022095-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022095-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022325-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022487-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161021635-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161021568-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022064-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022003-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022141-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161021796-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022442-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022234-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022399-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161021680-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161021840-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022258-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161021727-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022085-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022565-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022421-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022380-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022107-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161021658-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022267-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022075-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/59/2008-broward-raised-pilothouse-power-10126259-20260324161022161-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-65.65425114605122,"est":8.73470545876622,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 66% under model","tone":"strong-buy"},"cashflow":{"acquisition":3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.3,"residual":2.86},{"year":2027,"yearIdx":1,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.59,"residual":2.73},{"year":2028,"yearIdx":2,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.86,"residual":2.61},{"year":2029,"yearIdx":3,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-1.12,"residual":2.49},{"year":2030,"yearIdx":4,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.37,"residual":2.38}],"totalOp":1.37,"totalCharter":0,"net5yr":-1.37,"residualY5":2.38,"netHoldCost":1.99,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.95,"debt":1.05,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.05,"debt":1.95,"rateBps":700,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.52,"target":2.64,"ceiling":2.76,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 66% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Broward, delivered in 2008 at 41m represents the classic-platform era with a documented owner timeline. Lying in Unknown, Us. Presented by Allied Marine.","v":3}},{"id":"allied-2008-richmond-yachts-142-ft-yacht-for-sale","name":"Richmond Yachts 2008","builder":"Richmond Yachts","year":2008,"len":43.3,"price":10.9,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2008-richmond-yachts-142-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T23:00:27.804Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128002-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128002-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127982-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127825-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127968-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128124-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127948-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127937-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127895-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127758-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127785-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127908-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128210-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128145-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127746-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127715-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128011-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127624-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127866-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128094-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128164-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127774-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128053-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128192-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161127856-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/71/2008-richmond-yachts-2008-power-10126271-20260324161128071-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":1.7122291966442473,"est":10.716508807339777,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":10.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-1.09,"residual":10.41},{"year":2027,"yearIdx":1,"opCost":1.04,"charterIncome":0,"netAnnual":-1.04,"cumulative":-2.13,"residual":9.94},{"year":2028,"yearIdx":2,"opCost":0.99,"charterIncome":0,"netAnnual":-0.99,"cumulative":-3.12,"residual":9.49},{"year":2029,"yearIdx":3,"opCost":0.95,"charterIncome":0,"netAnnual":-0.95,"cumulative":-4.07,"residual":9.06},{"year":2030,"yearIdx":4,"opCost":0.91,"charterIncome":0,"netAnnual":-0.91,"cumulative":-4.98,"residual":8.65}],"totalOp":4.98,"totalCharter":0,"net5yr":-4.98,"residualY5":8.65,"netHoldCost":7.23,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":7.09,"debt":3.81,"rateBps":700,"annualDebtCost":0.27,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$270K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.81,"debt":7.09,"rateBps":700,"annualDebtCost":0.5,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":8.07,"target":8.5,"ceiling":8.94,"baselineDiscountPct":22,"strategy":"Segment-typical pricing. Standard 22%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Richmond Yachts, delivered in 2008 at 43m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-cheoy-lee-95-ft-yacht-for-sale","name":"Cheoy Lee Motor Yacht Bravo Series","builder":"Cheoy Lee","year":2006,"len":29,"price":2.95,"city":"Seattle","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-cheoy-lee-95-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T05:40:55.549Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/23/9287923_20240306141629223_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/23/9287923_20240306141629223_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306145712737_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306141907308_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306145718405_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306141912659_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142442493_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306141917433_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306141922515_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306145707544_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142415458_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142419242_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142518393_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142423907_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142447556_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142452746_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142459556_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142504016_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142508836_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142514004_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142427805_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142926669_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142933226_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142938413_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306142921591_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/23/9287923_20240306143643087_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-27.60305376647637,"est":4.074757504942927,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 28% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-0.35,"residual":2.82},{"year":2027,"yearIdx":1,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.69,"residual":2.69},{"year":2028,"yearIdx":2,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.01,"residual":2.57},{"year":2029,"yearIdx":3,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-1.32,"residual":2.45},{"year":2030,"yearIdx":4,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.61,"residual":2.34}],"totalOp":1.61,"totalCharter":0,"net5yr":-1.61,"residualY5":2.34,"netHoldCost":2.22,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.92,"debt":1.03,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.03,"debt":1.92,"rateBps":700,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.48,"target":2.59,"ceiling":2.71,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 28% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Cheoy Lee, delivered in 2006 at 29m represents the classic-platform era with a documented owner timeline. Lying in Seattle, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2013-marlow-97-ft-yacht-for-sale","name":"Marlow Explorer Enclosed Bridge (CB)","builder":"Marlow","year":2013,"len":29.6,"price":3.25,"city":"Hobe Sound","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2013-marlow-97-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T06:31:07.379Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070915622_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070915622_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070750392_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070752239_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070748315_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070756239_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070758171_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070754248_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070726082_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070724114_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070728166_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070800203_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070732130_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070734114_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070736262_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070740154_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070738286_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070742100_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070744244_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070947728_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070848521_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070850394_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070852360_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070854473_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070856414_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/46/9310846_20240403070844367_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-41.19750294850029,"est":5.526976171018084,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 41% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-0.39,"residual":3.1},{"year":2027,"yearIdx":1,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-0.76,"residual":2.96},{"year":2028,"yearIdx":2,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.12,"residual":2.83},{"year":2029,"yearIdx":3,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.46,"residual":2.7},{"year":2030,"yearIdx":4,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.78,"residual":2.58}],"totalOp":1.78,"totalCharter":0,"net5yr":-1.78,"residualY5":2.58,"netHoldCost":2.45,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.79,"debt":1.46,"rateBps":625,"annualDebtCost":0.09,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.14,"debt":2.11,"rateBps":625,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":2.73,"target":2.86,"ceiling":2.99,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 41% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Marlow, delivered in 2013 at 30m represents the classic-platform era with a documented owner timeline. Lying in Hobe Sound, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2007-cheoy-lee-88-ft-yacht-for-sale","name":"Cheoy Lee Bravo Flybridge","builder":"Cheoy Lee","year":2007,"len":26.8,"price":1.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2007-cheoy-lee-88-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T06:31:08.682Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/8/24/2007-cheoy-lee-bravo-flybridge-motor-yacht-power-9310824-20240606083246858-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/8/24/2007-cheoy-lee-bravo-flybridge-motor-yacht-power-9310824-20240606083246858-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072038417_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072040462_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072042653_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072044684_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072046443_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072048809_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072050503_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072052488_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072054461_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072056508_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072058608_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072100560_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072102502_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072104607_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072106525_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072435114_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072437894_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072439871_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072441891_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072443880_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072445999_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072447807_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072449869_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/24/9310824_20240412072451822_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-57.444366815792215,"est":3.524797747708389,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 57% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.18,"residual":1.43},{"year":2027,"yearIdx":1,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.35,"residual":1.37},{"year":2028,"yearIdx":2,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.51,"residual":1.31},{"year":2029,"yearIdx":3,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.67,"residual":1.25},{"year":2030,"yearIdx":4,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.82,"residual":1.19}],"totalOp":0.82,"totalCharter":0,"net5yr":-0.82,"residualY5":1.19,"netHoldCost":1.13,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.98,"debt":0.52,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.52,"debt":0.98,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.26,"target":1.32,"ceiling":1.38,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 57% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Cheoy Lee, delivered in 2007 at 27m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1998-codecasa-162-ft-yacht-for-sale","name":"Codecasa","builder":"Codecasa","year":1998,"len":49.4,"price":15,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1998-codecasa-162-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:14:19.468Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/96/44/6149644_20180226115911714_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/96/44/6149644_20180226115911714_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20180226115911714_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101446104_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101453138_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101501373_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101510505_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101519915_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101525799_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101837542_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101842724_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101847446_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101854113_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/44/6149644_20171220101901049_1_XLARGE.jpg"],"_priv":{"estimate":{"delta":14.03517981461419,"est":13.15383553074178,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 14% over model","tone":"premium"},"cashflow":{"acquisition":15,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.5,"charterIncome":0,"netAnnual":-1.5,"cumulative":-1.5,"residual":14.32},{"year":2027,"yearIdx":1,"opCost":1.43,"charterIncome":0,"netAnnual":-1.43,"cumulative":-2.93,"residual":13.68},{"year":2028,"yearIdx":2,"opCost":1.37,"charterIncome":0,"netAnnual":-1.37,"cumulative":-4.3,"residual":13.06},{"year":2029,"yearIdx":3,"opCost":1.31,"charterIncome":0,"netAnnual":-1.31,"cumulative":-5.61,"residual":12.47},{"year":2030,"yearIdx":4,"opCost":1.25,"charterIncome":0,"netAnnual":-1.25,"cumulative":-6.86,"residual":11.91}],"totalOp":6.86,"totalCharter":0,"net5yr":-6.86,"residualY5":11.91,"netHoldCost":9.95,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":15,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":9.75,"debt":5.25,"rateBps":700,"annualDebtCost":0.37,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$370K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.25,"debt":9.75,"rateBps":700,"annualDebtCost":0.68,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":10.56,"target":11.16,"ceiling":11.76,"baselineDiscountPct":25.6,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (28y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 14% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Codecasa, delivered in 1998 at 49m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-2015-broward-117-ft-yacht-for-sale","name":"Broward Raised Pilothouse M/Y","builder":"Broward","year":2015,"len":35.7,"price":1.67,"city":"Dania Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2015-broward-117-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T00:35:58.289Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/96/25/8399625_20220818125523078_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/96/25/8399625_20220818125523078_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818125523078_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818124533081_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818124457518_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818125227775_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818125028212_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20230120115224287_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818124425726_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818125322018_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220827132425312_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818124648477_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818124604719_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818124928135_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818124722414_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818124342017_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818124804996_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818124825373_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20220818125128654_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20230123124617170_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/8399625_20230123124853375_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/2015-broward-raised-pilothouse-my-power-8399625-20241028115645537-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/2015-broward-raised-pilothouse-my-power-8399625-20241028115659127-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/2015-broward-raised-pilothouse-my-power-8399625-20241028115702664-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/2015-broward-raised-pilothouse-my-power-8399625-20241028115649352-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/25/2015-broward-raised-pilothouse-my-power-8399625-20241028115652381-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-79.77604810997032,"est":8.257535466267116,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 80% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.67,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.17,"residual":1.59},{"year":2027,"yearIdx":1,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.33,"residual":1.52},{"year":2028,"yearIdx":2,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.48,"residual":1.45},{"year":2029,"yearIdx":3,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.62,"residual":1.38},{"year":2030,"yearIdx":4,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.76,"residual":1.32}],"totalOp":0.76,"totalCharter":0,"net5yr":-0.76,"residualY5":1.32,"netHoldCost":1.11,"netHoldCostPctOfAcq":66.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.67,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":0.92,"debt":0.75,"rateBps":625,"annualDebtCost":0.05,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.58,"debt":1.09,"rateBps":625,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":1.47,"target":1.54,"ceiling":1.61,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 80% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Broward, delivered in 2015 at 36m has settled into its proven-hull period with full systems history. Lying in Dania Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2023-canados-143-ft-yacht-for-sale-2","name":"Canados Expedition","builder":"Canados","year":2023,"len":43.6,"price":23.29,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2023-canados-143-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T09:46:02.667Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124229438-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124229438-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124231590-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124231724-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124231905-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124232001-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124232600-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124232742-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124232870-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124232990-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124233446-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124233550-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124233645-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124233785-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124234176-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124234290-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124234492-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124234639-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124235161-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124235271-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124235401-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124235512-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124235994-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124236088-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124236184-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/52/2023-canados-expedition-yacht-power-9955552-20250922124236319-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":31.371055384387265,"est":17.72841051771583,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 31% over model","tone":"premium"},"cashflow":{"acquisition":23.29,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.33,"charterIncome":0,"netAnnual":-2.33,"cumulative":-2.33,"residual":21.89},{"year":2027,"yearIdx":1,"opCost":2.19,"charterIncome":0,"netAnnual":-2.19,"cumulative":-4.52,"residual":20.58},{"year":2028,"yearIdx":2,"opCost":2.06,"charterIncome":0,"netAnnual":-2.06,"cumulative":-6.58,"residual":19.35},{"year":2029,"yearIdx":3,"opCost":1.94,"charterIncome":0,"netAnnual":-1.94,"cumulative":-8.52,"residual":18.19},{"year":2030,"yearIdx":4,"opCost":1.82,"charterIncome":0,"netAnnual":-1.82,"cumulative":-10.34,"residual":17.1}],"totalOp":10.34,"totalCharter":0,"net5yr":-10.34,"residualY5":17.1,"netHoldCost":16.53,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":23.29,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":10.48,"debt":12.81,"rateBps":625,"annualDebtCost":0.8,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$800K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":8.15,"debt":15.14,"rateBps":625,"annualDebtCost":0.95,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":17.19,"target":18.12,"ceiling":19.05,"baselineDiscountPct":22.2,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 31% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Canados, delivered in 2023 at 44m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2010-sunseeker-131-ft-yacht-for-sale","name":"Sunseeker 40 Metre","builder":"Sunseeker","year":2010,"len":39.9,"price":9.9,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2010-sunseeker-131-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:16:48.280Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135009473-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135009473-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135017440-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135018424-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135018762-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135019967-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135021075-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135021900-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135022339-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135023667-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135023965-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135024254-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135024584-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/68/2010-sunseeker-40-metre-yacht-power-9544468-20251015135025752-1.jpg"],"_priv":{"estimate":{"delta":0.8646219507541103,"est":9.815136178107673,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":null,"cashflow":{"acquisition":9.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.99,"charterIncome":0,"netAnnual":-0.99,"cumulative":-0.99,"residual":9.45},{"year":2027,"yearIdx":1,"opCost":0.94,"charterIncome":0,"netAnnual":-0.94,"cumulative":-1.93,"residual":9.02},{"year":2028,"yearIdx":2,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-2.83,"residual":8.61},{"year":2029,"yearIdx":3,"opCost":0.86,"charterIncome":0,"netAnnual":-0.86,"cumulative":-3.69,"residual":8.22},{"year":2030,"yearIdx":4,"opCost":0.82,"charterIncome":0,"netAnnual":-0.82,"cumulative":-4.51,"residual":7.85}],"totalOp":4.51,"totalCharter":0,"net5yr":-4.51,"residualY5":7.85,"netHoldCost":6.56,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.44,"debt":4.46,"rateBps":700,"annualDebtCost":0.31,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$310K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.46,"debt":6.44,"rateBps":700,"annualDebtCost":0.45,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":7.33,"target":7.72,"ceiling":8.12,"baselineDiscountPct":22,"strategy":"Segment-typical pricing. Standard 22%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Sunseeker, delivered in 2010 at 40m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-2011-baia-100-ft-yacht-for-sale","name":"Baia ONE HUNDRED","builder":"Baia","year":2011,"len":30.5,"price":2.98,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2011-baia-100-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:16:59.719Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141116493-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141116493-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141117982-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141118234-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141118369-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141119459-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141119639-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141121471-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141121591-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141121735-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141121886-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141123768-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141123887-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/26/2011-baia-xxx-power-9914126-20250818141124018-3.jpg"],"_priv":{"estimate":{"delta":-44.51033038389076,"est":5.370368972488664,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 45% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.98,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.3,"residual":2.85},{"year":2027,"yearIdx":1,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.59,"residual":2.72},{"year":2028,"yearIdx":2,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.86,"residual":2.6},{"year":2029,"yearIdx":3,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-1.12,"residual":2.48},{"year":2030,"yearIdx":4,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.37,"residual":2.37}],"totalOp":1.37,"totalCharter":0,"net5yr":-1.37,"residualY5":2.37,"netHoldCost":1.98,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.98,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.64,"debt":1.34,"rateBps":700,"annualDebtCost":0.09,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.04,"debt":1.94,"rateBps":700,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.5,"target":2.62,"ceiling":2.74,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 45% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Baia, delivered in 2011 at 31m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-1999-trinity-yachts-118-ft-yacht-for-sale","name":"Trinity Yachts Raised Pilothouse","builder":"Trinity Yachts","year":1999,"len":36,"price":2.75,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1999-trinity-yachts-118-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:17:30.536Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620659-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620659-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620581-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620349-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620488-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620169-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104621013-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620359-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620611-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620269-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620939-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620510-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620756-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/70/1999-trinity-yachts-raised-pilothouse-power-10141870-20260407104620707-20.jpg"],"_priv":{"estimate":{"delta":-55.006558512592605,"est":6.112001903143284,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 55% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-0.28,"residual":2.63},{"year":2027,"yearIdx":1,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.54,"residual":2.51},{"year":2028,"yearIdx":2,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.79,"residual":2.4},{"year":2029,"yearIdx":3,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.03,"residual":2.29},{"year":2030,"yearIdx":4,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-1.26,"residual":2.19}],"totalOp":1.26,"totalCharter":0,"net5yr":-1.26,"residualY5":2.19,"netHoldCost":1.82,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.79,"debt":0.96,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.96,"debt":1.79,"rateBps":700,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.31,"target":2.42,"ceiling":2.53,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Trinity Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (27y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 55% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Trinity Yachts, delivered in 1999 at 36m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-2007-ses-yachts-112-ft-yacht-for-sale-2","name":"Ses Yachts SES 34","builder":"Ses Yachts","year":2007,"len":34.1,"price":2.45,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2007-ses-yachts-112-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T15:51:26.304Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917521-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917521-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917521-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917105-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917685-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917228-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917380-5.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091916929-6.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091916725-7.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917554-8.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917633-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917653-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917208-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091916848-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917185-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917674-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917563-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091916838-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091916951-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917080-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917004-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917449-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091916644-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091916747-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917127-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/20/22/2007-ses-yachts-ses-34-power-10142022-20260511091917413-24.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-59.576136764867904,"est":6.0607764917201745,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 60% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.45,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.25,"residual":2.34},{"year":2027,"yearIdx":1,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.48,"residual":2.23},{"year":2028,"yearIdx":2,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.7,"residual":2.13},{"year":2029,"yearIdx":3,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.91,"residual":2.03},{"year":2030,"yearIdx":4,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-1.11,"residual":1.94}],"totalOp":1.11,"totalCharter":0,"net5yr":-1.11,"residualY5":1.94,"netHoldCost":1.62,"netHoldCostPctOfAcq":66.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.45,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.59,"debt":0.86,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.86,"debt":1.59,"rateBps":700,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.06,"target":2.15,"ceiling":2.25,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 60% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ses Yachts, delivered in 2007 at 34m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2004-hakvoort-151-9-ft-yacht-for-sale","name":"Hakvoort Custom","builder":"Hakvoort","year":2004,"len":46.3,"price":19.5,"city":"Newport","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2004-hakvoort-151-9-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T00:46:03.811Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20250820040857525-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20250820040857525-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20251014034618487-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20251014034618675-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20251014034618866-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20251014034619033-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20251014034620559-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20251014034620836-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20251014034620978-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20251014034621166-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20251014034621947-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/59/84/2004-hakvoort-custom-power-9915984-20250820040857815-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":37.98397524892042,"est":14.132075818820539,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":19.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.95,"charterIncome":0,"netAnnual":-1.95,"cumulative":-1.95,"residual":18.62},{"year":2027,"yearIdx":1,"opCost":1.86,"charterIncome":0,"netAnnual":-1.86,"cumulative":-3.81,"residual":17.78},{"year":2028,"yearIdx":2,"opCost":1.78,"charterIncome":0,"netAnnual":-1.78,"cumulative":-5.59,"residual":16.98},{"year":2029,"yearIdx":3,"opCost":1.7,"charterIncome":0,"netAnnual":-1.7,"cumulative":-7.29,"residual":16.22},{"year":2030,"yearIdx":4,"opCost":1.62,"charterIncome":0,"netAnnual":-1.62,"cumulative":-8.91,"residual":15.49}],"totalOp":8.91,"totalCharter":0,"net5yr":-8.91,"residualY5":15.49,"netHoldCost":12.92,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":19.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":12.68,"debt":6.82,"rateBps":700,"annualDebtCost":0.48,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$480K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.82,"debt":12.68,"rateBps":700,"annualDebtCost":0.89,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":12.48,"target":13.26,"ceiling":14.04,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 38% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Hakvoort, delivered in 2004 at 46m represents the classic-platform era with a documented owner timeline. Lying in Newport, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-vicem-85-ft-yacht-for-sale","name":"Vicem 85 Classic","builder":"Vicem","year":2006,"len":25.9,"price":1.4,"city":"Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-vicem-85-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T10:36:34.834Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054706541_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054706541_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054715635_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054718783_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054721537_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054724183_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054726817_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054658701_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054653594_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054730054_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054733026_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054736040_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054738665_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054740911_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054743886_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054919999_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054905061_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054913947_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054916821_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054907890_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054911026_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054901831_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054858909_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054856813_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054853882_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/80/8590780_20230106054843884_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-57.39466797258906,"est":3.2859736877517673,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 57% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.17,"residual":1.34},{"year":2027,"yearIdx":1,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.33,"residual":1.28},{"year":2028,"yearIdx":2,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.48,"residual":1.22},{"year":2029,"yearIdx":3,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.63,"residual":1.17},{"year":2030,"yearIdx":4,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.77,"residual":1.12}],"totalOp":0.77,"totalCharter":0,"net5yr":-0.77,"residualY5":1.12,"netHoldCost":1.05,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.91,"debt":0.49,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.49,"debt":0.91,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.17,"target":1.23,"ceiling":1.29,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 57% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Vicem, delivered in 2006 at 26m represents the classic-platform era with a documented owner timeline. Lying in Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2004-azimut-80-ft-yacht-for-sale","name":"Azimut 80 Carat","builder":"Azimut","year":2004,"len":24.4,"price":1.2,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2004-azimut-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T10:36:37.445Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102906738_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102906738_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102843671_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103125657_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102811967_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102820018_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103142623_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102817034_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102813976_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103021256_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103023364_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103027230_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103009362_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103031290_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102956058_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102954102_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102942112_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102917674_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102952039_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102929696_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102935726_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103000166_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530102939794_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103041471_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103043605_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/9/8876909_20230530103033369_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-52.13336178228334,"est":2.50696527828405,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 52% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.14,"residual":1.15},{"year":2027,"yearIdx":1,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.28,"residual":1.1},{"year":2028,"yearIdx":2,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.41,"residual":1.05},{"year":2029,"yearIdx":3,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.54,"residual":1},{"year":2030,"yearIdx":4,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.66,"residual":0.95}],"totalOp":0.66,"totalCharter":0,"net5yr":-0.66,"residualY5":0.95,"netHoldCost":0.91,"netHoldCostPctOfAcq":75.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.78,"debt":0.42,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.42,"debt":0.78,"rateBps":700,"annualDebtCost":0.05,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.01,"target":1.05,"ceiling":1.1,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 52% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Azimut, delivered in 2004 at 24m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2001-west-bay-103-ft-yacht-for-sale","name":"West Bay Sonship","builder":"West Bay","year":2001,"len":31.4,"price":3,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2001-west-bay-103-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T13:30:14.586Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310144556512-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310144556512-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142653174-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142653667-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142653832-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142653991-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142654109-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142654471-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142654627-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142654792-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142654964-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142655430-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142655604-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142655783-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142655909-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142656281-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142656445-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142656586-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142656752-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142657167-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142657299-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142657456-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142657578-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142658116-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142658321-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/45/2001-west-bay-sonship-power-10107945-20260310142658440-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-27.565329819686234,"est":4.141663091075049,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 28% under model","tone":"strong-buy"},"cashflow":{"acquisition":3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.3,"residual":2.86},{"year":2027,"yearIdx":1,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.59,"residual":2.73},{"year":2028,"yearIdx":2,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.86,"residual":2.61},{"year":2029,"yearIdx":3,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-1.12,"residual":2.49},{"year":2030,"yearIdx":4,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.37,"residual":2.38}],"totalOp":1.37,"totalCharter":0,"net5yr":-1.37,"residualY5":2.38,"netHoldCost":1.99,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.95,"debt":1.05,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.05,"debt":1.95,"rateBps":700,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.52,"target":2.64,"ceiling":2.76,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 28% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage West Bay, delivered in 2001 at 31m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2014-hargrave-94-ft-yacht-for-sale","name":"Hargrave Sky Lounge","builder":"Hargrave","year":2014,"len":28.7,"price":3.95,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2014-hargrave-94-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T01:36:32.362Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143721923-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143721923-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143653734-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143632865-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143633224-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143718954-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143633494-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143638968-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143639252-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143636682-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143639533-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143639770-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143635741-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143635998-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143636322-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143650556-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143650837-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143651387-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143651126-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143652957-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143648577-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143648805-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143649061-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143642231-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143642468-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/50/2014-hargrave-sky-lounge-power-10107950-20260310143641942-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","marina":"PALM BEACH BOAT SHOW AT THE PALM HARBOR MARINA","_priv":{"estimate":{"delta":-23.500356126677097,"est":5.163422729837637,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 24% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-0.47,"residual":3.77},{"year":2027,"yearIdx":1,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-0.92,"residual":3.6},{"year":2028,"yearIdx":2,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-1.35,"residual":3.44},{"year":2029,"yearIdx":3,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-1.76,"residual":3.29},{"year":2030,"yearIdx":4,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-2.15,"residual":3.14}],"totalOp":2.15,"totalCharter":0,"net5yr":-2.15,"residualY5":3.14,"netHoldCost":2.96,"netHoldCostPctOfAcq":74.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.17,"debt":1.78,"rateBps":625,"annualDebtCost":0.11,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$110K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.38,"debt":2.57,"rateBps":625,"annualDebtCost":0.16,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":3.49,"target":3.65,"ceiling":3.8,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 24% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Hargrave, delivered in 2014 at 29m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2020-hargrave-92-ft-yacht-for-sale-2","name":"Hargrave C92","builder":"Hargrave","year":2020,"len":28,"price":6,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2020-hargrave-92-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T01:26:12.172Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/85/9/2020-hargrave-c92-power-10148509-20260413112709181-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/85/9/2020-hargrave-c92-power-10148509-20260413112709181-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/85/9/2020-hargrave-c92-power-10148509-20260413112709181-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":1.0635173652943681,"est":5.936860458075077,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":6,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.72,"charterIncome":0,"netAnnual":-0.72,"cumulative":-0.72,"residual":5.64},{"year":2027,"yearIdx":1,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-1.4,"residual":5.3},{"year":2028,"yearIdx":2,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-2.04,"residual":4.98},{"year":2029,"yearIdx":3,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-2.64,"residual":4.68},{"year":2030,"yearIdx":4,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-3.2,"residual":4.4}],"totalOp":3.2,"totalCharter":0,"net5yr":-3.2,"residualY5":4.4,"netHoldCost":4.8,"netHoldCostPctOfAcq":80,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.3,"debt":2.7,"rateBps":625,"annualDebtCost":0.17,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.1,"debt":3.9,"rateBps":625,"annualDebtCost":0.24,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.92,"target":5.16,"ceiling":5.4,"baselineDiscountPct":14,"strategy":"Segment-typical pricing. Standard 14%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Only 2 photos on file — request the full gallery and broker walk-through video before scheduling viewing."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Hargrave, delivered in 2020 at 28m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2013-sunseeker-84-ft-yacht-for-sale","name":"Sunseeker Predator 84","builder":"Sunseeker","year":2013,"len":25.6,"price":2.2,"city":"Aventura","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2013-sunseeker-84-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T21:46:28.206Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194648855_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194648855_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194827694_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194832345_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194837857_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194842981_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194855337_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194901740_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194907078_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194912887_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194918941_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194924639_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194929891_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194935946_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194940351_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194945426_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194950242_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212194955040_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212195000603_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212195006264_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212195011093_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212195016701_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212195021218_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212195026770_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212195031401_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/74/93/8687493_20230212195036246_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-44.81748162396817,"est":3.986769840782685,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 45% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.26,"residual":2.1},{"year":2027,"yearIdx":1,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.51,"residual":2.01},{"year":2028,"yearIdx":2,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.75,"residual":1.92},{"year":2029,"yearIdx":3,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.98,"residual":1.83},{"year":2030,"yearIdx":4,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-1.2,"residual":1.75}],"totalOp":1.2,"totalCharter":0,"net5yr":-1.2,"residualY5":1.75,"netHoldCost":1.65,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.21,"debt":0.99,"rateBps":625,"annualDebtCost":0.06,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.77,"debt":1.43,"rateBps":625,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":1.85,"target":1.93,"ceiling":2.02,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 45% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sunseeker, delivered in 2013 at 26m represents the classic-platform era with a documented owner timeline. Lying in Aventura, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2009-astondoa-96-ft-yacht-for-sale","name":"Astondoa 96 GLX","builder":"Astondoa","year":2009,"len":29.3,"price":2.2,"city":"Stamford","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2009-astondoa-96-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T21:46:33.183Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143511484-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143511484-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143523489-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143524597-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143526604-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143527516-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143528567-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143529610-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143530542-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143531603-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143532581-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143607870-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143611895-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143609904-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143612923-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143534665-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143535570-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143536528-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143537600-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143538521-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143539610-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143540543-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143541617-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143542563-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143543570-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/14/48/2009-astondoa-96-glx-power-9741448-20250331143544569-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-52.1490753940441,"est":4.597612309723626,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 52% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.26,"residual":2.1},{"year":2027,"yearIdx":1,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.51,"residual":2.01},{"year":2028,"yearIdx":2,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.75,"residual":1.92},{"year":2029,"yearIdx":3,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.98,"residual":1.83},{"year":2030,"yearIdx":4,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-1.2,"residual":1.75}],"totalOp":1.2,"totalCharter":0,"net5yr":-1.2,"residualY5":1.75,"netHoldCost":1.65,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.21,"debt":0.99,"rateBps":700,"annualDebtCost":0.07,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.77,"debt":1.43,"rateBps":700,"annualDebtCost":0.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.85,"target":1.93,"ceiling":2.02,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 52% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Astondoa, delivered in 2009 at 29m represents the classic-platform era with a documented owner timeline. Lying in Stamford, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2011-marlow-97-ft-yacht-for-sale","name":"Marlow Explorer","builder":"Marlow","year":2011,"len":29.6,"price":3.2,"city":"Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2011-marlow-97-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T13:05:48.912Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160646062-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160646062-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645068-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645839-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645984-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160646030-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645115-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645012-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645148-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160646107-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645559-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645871-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645881-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645893-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160646120-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645785-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645670-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645860-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645994-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645707-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160644963-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645590-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645216-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645077-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645461-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/25/2011-marlow-explorer-power-10126225-20260324160645232-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-40.587430924202366,"est":5.3860656924589305,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 41% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-0.38,"residual":3.06},{"year":2027,"yearIdx":1,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-0.75,"residual":2.92},{"year":2028,"yearIdx":2,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.1,"residual":2.79},{"year":2029,"yearIdx":3,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.43,"residual":2.66},{"year":2030,"yearIdx":4,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.75,"residual":2.54}],"totalOp":1.75,"totalCharter":0,"net5yr":-1.75,"residualY5":2.54,"netHoldCost":2.41,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.76,"debt":1.44,"rateBps":700,"annualDebtCost":0.1,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.12,"debt":2.08,"rateBps":700,"annualDebtCost":0.15,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.68,"target":2.81,"ceiling":2.94,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 41% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Marlow, delivered in 2011 at 30m represents the classic-platform era with a documented owner timeline. Lying in Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2026-custom-134-ft-yacht-for-sale","name":"Custom Magnolia Yachts","builder":"Custom","year":2026,"len":40.8,"price":29.31,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2026-custom-134-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T16:15:11.337Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/6/49/2026-custom-magnolia-yachts-power-9680649-20250218100702886-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/6/49/2026-custom-magnolia-yachts-power-9680649-20250218100702886-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211141754948-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211141756011-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211141757055-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-custom-magnolia-yachts-power-9680649-20250825135527867-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211141800117-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142103508-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142106347-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142109327-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142112689-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142117874-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142120635-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142123682-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142126778-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211164822260-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211164827862-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211164834512-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211164841248-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142131094-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142139096-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142133101-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142135147-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211142137187-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211165150149-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/49/2026-magnolia-41m-power-9680649-20250211165156169-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":64.25759484512267,"est":17.843923763547245,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 64% over model","tone":"premium"},"cashflow":{"acquisition":29.31,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.93,"charterIncome":0,"netAnnual":-2.93,"cumulative":-2.93,"residual":26.67},{"year":2027,"yearIdx":1,"opCost":2.67,"charterIncome":0,"netAnnual":-2.67,"cumulative":-5.6,"residual":24.27},{"year":2028,"yearIdx":2,"opCost":2.43,"charterIncome":0,"netAnnual":-2.43,"cumulative":-8.03,"residual":22.09},{"year":2029,"yearIdx":3,"opCost":2.21,"charterIncome":0,"netAnnual":-2.21,"cumulative":-10.24,"residual":20.76},{"year":2030,"yearIdx":4,"opCost":2.08,"charterIncome":0,"netAnnual":-2.08,"cumulative":-12.32,"residual":19.51}],"totalOp":12.32,"totalCharter":0,"net5yr":-12.32,"residualY5":19.51,"netHoldCost":22.12,"netHoldCostPctOfAcq":75.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":29.31,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":13.19,"debt":16.12,"rateBps":625,"annualDebtCost":1.01,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.0M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":10.26,"debt":19.05,"rateBps":625,"annualDebtCost":1.19,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":18.76,"target":19.93,"ceiling":21.1,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 64% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Custom, delivered in 2026 at 41m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1995-hatteras-130-ft-yacht-for-sale","name":"Hatteras 130","builder":"Hatteras","year":1995,"len":39.6,"price":4.79,"city":"Central Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1995-hatteras-130-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T02:01:15.665Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20250103091612729-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20250103091612729-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102803770-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102804816-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102805789-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102806782-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102807796-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102808806-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102809805-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102810784-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102811804-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102812792-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102813796-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102814829-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102815855-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102816850-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102817864-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102818861-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102819843-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102820836-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102821861-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102822872-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102823877-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102824853-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102825904-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/91/59/1995-hatteras-motor-yacht-power-9629159-20241216102826891-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-13.876450691005996,"est":5.561777282093242,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 14% under model","tone":"value"},"cashflow":{"acquisition":4.79,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-0.48,"residual":4.57},{"year":2027,"yearIdx":1,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-0.94,"residual":4.36},{"year":2028,"yearIdx":2,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-1.38,"residual":4.16},{"year":2029,"yearIdx":3,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-1.8,"residual":3.97},{"year":2030,"yearIdx":4,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-2.2,"residual":3.79}],"totalOp":2.2,"totalCharter":0,"net5yr":-2.2,"residualY5":3.79,"netHoldCost":3.2,"netHoldCostPctOfAcq":66.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.79,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.11,"debt":1.68,"rateBps":700,"annualDebtCost":0.12,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.68,"debt":3.11,"rateBps":700,"annualDebtCost":0.22,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":4.02,"target":4.21,"ceiling":4.4,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (31y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 14% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hatteras, delivered in 1995 at 40m represents the classic-platform era with a documented owner timeline. Lying in Central Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2005-new-zealand-yachts-115-ft-yacht-for-sale","name":"New Zealand Yachts 115 Wave Piercer","builder":"New Zealand Yachts","year":2005,"len":35.1,"price":7.96,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-new-zealand-yachts-115-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T13:16:06.264Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401073007562-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401073007562-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401123631462-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401073005313-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401123631261-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401123012033-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122242826-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401123009990-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401123011022-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122811852-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122229955-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122431452-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122230412-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122231164-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122430298-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122435787-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122434850-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122432395-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122231345-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122231511-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401123316902-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401123317968-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122231703-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122814013-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122812899-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/26/2005-new-zealand-yachts-115-wave-piercer-power-10134926-20260401122232401-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","marina":"Nassau Yacht Haven Marina","_priv":{"estimate":{"delta":31.338008081458312,"est":6.060697977894607,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":7.96,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-0.8,"residual":7.6},{"year":2027,"yearIdx":1,"opCost":0.76,"charterIncome":0,"netAnnual":-0.76,"cumulative":-1.56,"residual":7.26},{"year":2028,"yearIdx":2,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-2.29,"residual":6.93},{"year":2029,"yearIdx":3,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-2.98,"residual":6.62},{"year":2030,"yearIdx":4,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-3.64,"residual":6.32}],"totalOp":3.64,"totalCharter":0,"net5yr":-3.64,"residualY5":6.32,"netHoldCost":5.28,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.96,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":5.17,"debt":2.79,"rateBps":700,"annualDebtCost":0.2,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$200K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.79,"debt":5.17,"rateBps":700,"annualDebtCost":0.36,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":5.09,"target":5.41,"ceiling":5.73,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 31% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage New Zealand Yachts, delivered in 2005 at 35m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2021-ocean-alexander-88-ft-yacht-for-sale-2","name":"Ocean Alexander 27 Explorer","builder":"Ocean Alexander","year":2021,"len":26.8,"price":5.75,"city":"West Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2021-ocean-alexander-88-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-14T22:01:30.803Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250829071907862-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250829071907862-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120346086-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120346407-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120346710-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120346908-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120348407-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120348626-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120348794-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120349005-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120349792-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120350001-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120350264-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120350452-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120351805-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120352001-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120352186-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120352355-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120353646-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120353874-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120354107-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120354268-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120355541-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120355711-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120355872-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/35/2021-ocean-alexander-27-explorer-power-9918135-20250828120356056-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":2.7285323078012613,"est":5.597276502278366,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":5.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-0.69,"residual":5.4},{"year":2027,"yearIdx":1,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-1.34,"residual":5.08},{"year":2028,"yearIdx":2,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-1.95,"residual":4.78},{"year":2029,"yearIdx":3,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-2.52,"residual":4.49},{"year":2030,"yearIdx":4,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-3.06,"residual":4.22}],"totalOp":3.06,"totalCharter":0,"net5yr":-3.06,"residualY5":4.22,"netHoldCost":4.59,"netHoldCostPctOfAcq":79.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.16,"debt":2.59,"rateBps":625,"annualDebtCost":0.16,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$160K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.01,"debt":3.74,"rateBps":625,"annualDebtCost":0.23,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5,"target":5.23,"ceiling":5.46,"baselineDiscountPct":9,"strategy":"Segment-typical pricing. Standard 9%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This modern-era Ocean Alexander, delivered in 2021 at 27m runs contemporary mechanicals and reads modern across the deckhouse. Lying in West Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2026-sunreef-80-ft-yacht-for-sale","name":"Sunreef 80 Sunreef Power","builder":"Sunreef","year":2026,"len":24.4,"price":9.75,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2026-sunreef-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T22:16:02.474Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/92/14/2026-sunreef-80-sunreef-power-power-9989214-20260226221119156-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/92/14/2026-sunreef-80-sunreef-power-power-9989214-20260226221119156-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/92/14/2026-sunreef-80-sunreef-power-power-9989214-20251023052603705-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/92/14/2026-sunreef-80-sunreef-power-power-9989214-20251023052607460-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/92/14/2026-sunreef-80-sunreef-power-power-9989214-20251023052610286-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":73.72907779507399,"est":5.61218658600193,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 74% over model","tone":"premium"},"cashflow":{"acquisition":9.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.17,"charterIncome":0,"netAnnual":-1.17,"cumulative":-1.17,"residual":8.87},{"year":2027,"yearIdx":1,"opCost":1.06,"charterIncome":0,"netAnnual":-1.06,"cumulative":-2.23,"residual":8.07},{"year":2028,"yearIdx":2,"opCost":0.97,"charterIncome":0,"netAnnual":-0.97,"cumulative":-3.2,"residual":7.34},{"year":2029,"yearIdx":3,"opCost":0.88,"charterIncome":0,"netAnnual":-0.88,"cumulative":-4.08,"residual":6.9},{"year":2030,"yearIdx":4,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-4.91,"residual":6.49}],"totalOp":4.91,"totalCharter":0,"net5yr":-4.91,"residualY5":6.49,"netHoldCost":8.17,"netHoldCostPctOfAcq":83.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 84% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.36,"debt":4.39,"rateBps":625,"annualDebtCost":0.27,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$270K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.41,"debt":6.34,"rateBps":625,"annualDebtCost":0.4,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.24,"target":6.63,"ceiling":7.02,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 74% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Sunreef, delivered in 2026 at 24m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2005-horizon-98-ft-yacht-for-sale","name":"Horizon CUSTOM","builder":"Horizon","year":2005,"len":29.9,"price":1.95,"city":"Long Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-horizon-98-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T22:16:03.784Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131121396-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131121396-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131127132-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131127595-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131129163-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131129621-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131130084-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131130729-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131132845-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131133774-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131134725-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131135635-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131137670-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131138529-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131139450-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131140385-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131142414-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131143402-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131144377-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131145296-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131147497-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131148358-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131149215-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131150032-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131152159-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/96/2005-c-custom-power-9985796-20251020131153028-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-51.28374409616975,"est":4.002770664168968,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 51% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.23,"residual":1.86},{"year":2027,"yearIdx":1,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.45,"residual":1.78},{"year":2028,"yearIdx":2,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.66,"residual":1.7},{"year":2029,"yearIdx":3,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.86,"residual":1.62},{"year":2030,"yearIdx":4,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-1.05,"residual":1.55}],"totalOp":1.05,"totalCharter":0,"net5yr":-1.05,"residualY5":1.55,"netHoldCost":1.45,"netHoldCostPctOfAcq":74.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 74% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.27,"debt":0.68,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.68,"debt":1.27,"rateBps":700,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.64,"target":1.71,"ceiling":1.79,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 51% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Horizon, delivered in 2005 at 30m represents the classic-platform era with a documented owner timeline. Lying in Long Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2023-numarine-85-ft-yacht-for-sale","name":"Numarine 26XP","builder":"Numarine","year":2023,"len":25.9,"price":5.25,"city":"Boston","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2023-numarine-85-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T23:16:03.249Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556604-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556604-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556728-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044557195-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556700-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556756-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556944-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044557121-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556870-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556720-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556738-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044557222-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044557213-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044557037-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556584-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556806-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044557028-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044557009-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044557103-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556710-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044557205-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556889-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556777-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044557159-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556613-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/1/2023-numarine-26xp-power-10124801-20260324044556787-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-4.410622052677792,"est":5.4922420385382065,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":5.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-0.63,"residual":4.93},{"year":2027,"yearIdx":1,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-1.22,"residual":4.63},{"year":2028,"yearIdx":2,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-1.78,"residual":4.35},{"year":2029,"yearIdx":3,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-2.3,"residual":4.09},{"year":2030,"yearIdx":4,"opCost":0.49,"charterIncome":0,"netAnnual":-0.49,"cumulative":-2.79,"residual":3.84}],"totalOp":2.79,"totalCharter":0,"net5yr":-2.79,"residualY5":3.84,"netHoldCost":4.2,"netHoldCostPctOfAcq":80,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.89,"debt":2.36,"rateBps":625,"annualDebtCost":0.15,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.84,"debt":3.41,"rateBps":625,"annualDebtCost":0.21,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.69,"target":4.9,"ceiling":5.11,"baselineDiscountPct":6.8,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This modern-era Numarine, delivered in 2023 at 26m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Boston, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2022-alpha-102-ft-yacht-for-sale","name":"Alpha Spritz","builder":"Alpha","year":2022,"len":31.1,"price":10.4,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-alpha-102-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:32:29.290Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007220-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007220-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007131-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050006996-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007343-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050006923-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007088-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007170-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007140-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050006985-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007264-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007017-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007198-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/10/2022-alpha-spritz-power-10124810-20260324050007373-20.jpg"],"_priv":{"estimate":{"delta":29.605045205683737,"est":8.024378976524531,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 30% over model","tone":"premium"},"cashflow":{"acquisition":10.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.04,"charterIncome":0,"netAnnual":-1.04,"cumulative":-1.04,"residual":9.78},{"year":2027,"yearIdx":1,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-2.02,"residual":9.19},{"year":2028,"yearIdx":2,"opCost":0.92,"charterIncome":0,"netAnnual":-0.92,"cumulative":-2.94,"residual":8.64},{"year":2029,"yearIdx":3,"opCost":0.86,"charterIncome":0,"netAnnual":-0.86,"cumulative":-3.8,"residual":8.12},{"year":2030,"yearIdx":4,"opCost":0.81,"charterIncome":0,"netAnnual":-0.81,"cumulative":-4.61,"residual":7.63}],"totalOp":4.61,"totalCharter":0,"net5yr":-4.61,"residualY5":7.63,"netHoldCost":7.38,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.72,"debt":4.68,"rateBps":625,"annualDebtCost":0.29,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$290K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.64,"debt":6.76,"rateBps":625,"annualDebtCost":0.42,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.77,"target":8.18,"ceiling":8.6,"baselineDiscountPct":21.3,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 30% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Alpha, delivered in 2022 at 31m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Usa.","v":3}},{"id":"allied-2025-maritimo-75-67-ft-yacht-for-sale","name":"Maritimo M75","builder":"Maritimo","year":2025,"len":24.6,"price":5.95,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2025-maritimo-75-67-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T13:06:38.853Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174146114-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174146114-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174146114-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174145954-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174146384-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174146965-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174147134-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174147321-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174149955-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174148354-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174154249-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174152493-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174151477-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174151947-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174147932-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174148198-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174149125-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174149027-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174149264-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174149497-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174153134-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174154017-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174154893-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174150060-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174150990-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/31/2025-maritimo-m75-power-10167131-20260429174150867-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":7.530737716315121,"est":5.533301571590758,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":5.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-0.71,"residual":5.41},{"year":2027,"yearIdx":1,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-1.36,"residual":4.92},{"year":2028,"yearIdx":2,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-1.95,"residual":4.62},{"year":2029,"yearIdx":3,"opCost":0.55,"charterIncome":0,"netAnnual":-0.55,"cumulative":-2.5,"residual":4.34},{"year":2030,"yearIdx":4,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-3.02,"residual":4.08}],"totalOp":3.02,"totalCharter":0,"net5yr":-3.02,"residualY5":4.08,"netHoldCost":4.89,"netHoldCostPctOfAcq":82.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 82% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.27,"debt":2.68,"rateBps":625,"annualDebtCost":0.17,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.08,"debt":3.87,"rateBps":625,"annualDebtCost":0.24,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.12,"target":5.35,"ceiling":5.59,"baselineDiscountPct":10,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This current-generation Maritimo, delivered in 2025 at 25m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2012-benetti-132-ft-yacht-for-sale","name":"Benetti Classic Supreme 132","builder":"Benetti","year":2012,"len":40.2,"price":11.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2012-benetti-132-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T01:40:59.726Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131035013-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131035013-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192304397-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131047233-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192304747-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192306399-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131014042-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192306722-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192306853-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192308716-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192309051-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131037614-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131038456-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192309742-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131037912-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192310103-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131020075-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131010927-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131031514-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192311671-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131026367-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192310815-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192312404-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260429192313095-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131013525-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/51/2012-benetti-classic-supreme-132-power-10167151-20260501131010617-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-5.541580553642493,"est":12.174669095041121,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":11.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.15,"charterIncome":0,"netAnnual":-1.15,"cumulative":-1.15,"residual":11.21},{"year":2027,"yearIdx":1,"opCost":1.12,"charterIncome":0,"netAnnual":-1.12,"cumulative":-2.27,"residual":10.93},{"year":2028,"yearIdx":2,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-3.36,"residual":10.66},{"year":2029,"yearIdx":3,"opCost":1.07,"charterIncome":0,"netAnnual":-1.07,"cumulative":-4.43,"residual":10.39},{"year":2030,"yearIdx":4,"opCost":1.04,"charterIncome":0,"netAnnual":-1.04,"cumulative":-5.47,"residual":10.13}],"totalOp":5.47,"totalCharter":0,"net5yr":-5.47,"residualY5":10.13,"netHoldCost":6.84,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":11.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.33,"debt":5.17,"rateBps":625,"annualDebtCost":0.32,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$320K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.02,"debt":7.48,"rateBps":625,"annualDebtCost":0.47,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":9.49,"target":9.95,"ceiling":10.41,"baselineDiscountPct":13.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Tier-A hulls hold value; expect modest 3-6% movement on price but full flexibility on delivery, refit credits, and walkaround inclusions."}],"editorial":"This heritage Benetti, delivered in 2012 at 40m carries the full tier-A pedigree under proven systems. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1997-delta-marine-122-ft-yacht-for-sale","name":"Delta Marine","builder":"Delta Marine","year":1997,"len":37.2,"price":8.97,"city":"North Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1997-delta-marine-122-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T22:30:56.628Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102025022-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102025022-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102027915-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102028040-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102028126-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102028647-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102005006-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102005118-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102005221-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102005352-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102006370-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102006463-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102006600-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102007698-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102007798-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102011825-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102011651-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102011925-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102019009-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102020593-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102020681-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102020479-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102019102-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102020331-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102009222-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/39/77/1997-delta-marine-power-10053977-20260112102021913-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","mmsi":"316047114","callsign":"NA","beam":4,"datalasticUuid":"d9d871d8-3bb8-98e2-2eae-34b02a027333","_priv":{"estimate":{"delta":39.889114252092014,"est":6.412221599913273,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":8.97,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-0.9,"residual":8.57},{"year":2027,"yearIdx":1,"opCost":0.86,"charterIncome":0,"netAnnual":-0.86,"cumulative":-1.76,"residual":8.18},{"year":2028,"yearIdx":2,"opCost":0.82,"charterIncome":0,"netAnnual":-0.82,"cumulative":-2.58,"residual":7.81},{"year":2029,"yearIdx":3,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-3.36,"residual":7.46},{"year":2030,"yearIdx":4,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-4.11,"residual":7.12}],"totalOp":4.11,"totalCharter":0,"net5yr":-4.11,"residualY5":7.12,"netHoldCost":5.96,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.97,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":5.83,"debt":3.14,"rateBps":700,"annualDebtCost":0.22,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$220K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.14,"debt":5.83,"rateBps":700,"annualDebtCost":0.41,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":5.74,"target":6.1,"ceiling":6.46,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Delta Marine is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (29y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 40% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Delta Marine, delivered in 1997 at 37m represents the classic-platform era with a documented owner timeline. Lying in North Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2007-arno-leopard-101-ft-yacht-for-sale","name":"Arno Leopard 31","builder":"Arno Leopard","year":2007,"len":30.8,"price":1.4,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2007-arno-leopard-101-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T09:50:49.124Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260203134418463-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260203134418463-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153250473-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153249632-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153249257-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153249477-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153250624-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153625941-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153626341-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153626157-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153626966-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153627337-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153629202-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153627158-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153627578-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153628123-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153628462-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153628297-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210153629035-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210154202093-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210154202333-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210154202488-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210154202638-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210154453551-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210154453751-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/28/46/2007-arno-leopard-31-power-10072846-20260210154453872-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-70.9558943531675,"est":4.820255156153109,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 71% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.14,"residual":1.34},{"year":2027,"yearIdx":1,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.27,"residual":1.28},{"year":2028,"yearIdx":2,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.4,"residual":1.22},{"year":2029,"yearIdx":3,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.52,"residual":1.17},{"year":2030,"yearIdx":4,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.64,"residual":1.12}],"totalOp":0.64,"totalCharter":0,"net5yr":-0.64,"residualY5":1.12,"netHoldCost":0.92,"netHoldCostPctOfAcq":65.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.91,"debt":0.49,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.49,"debt":0.91,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.17,"target":1.23,"ceiling":1.29,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 71% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Arno Leopard, delivered in 2007 at 31m represents the classic-platform era with a documented owner timeline. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2005-mangusta-92-ft-yacht-for-sale","name":"Mangusta 92","builder":"Mangusta","year":2005,"len":28,"price":1.9,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-mangusta-92-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T22:31:05.757Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152935581-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152935581-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152939451-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152939804-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152942408-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152942815-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152943126-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152943428-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152945772-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152946105-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152946460-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152947789-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/53/8/2005-mangusta-92-power-9975308-20251028152935806-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-54.147158941326246,"est":4.14369089489731,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 54% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.23,"residual":1.81},{"year":2027,"yearIdx":1,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.45,"residual":1.73},{"year":2028,"yearIdx":2,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.66,"residual":1.65},{"year":2029,"yearIdx":3,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.86,"residual":1.58},{"year":2030,"yearIdx":4,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-1.05,"residual":1.51}],"totalOp":1.05,"totalCharter":0,"net5yr":-1.05,"residualY5":1.51,"netHoldCost":1.44,"netHoldCostPctOfAcq":75.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.24,"debt":0.66,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.66,"debt":1.24,"rateBps":700,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.59,"target":1.67,"ceiling":1.75,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Mangusta is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 54% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Mangusta, delivered in 2005 at 28m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2022-ocean-alexander-106-ft-yacht-for-sale","name":"Ocean Alexander 32L","builder":"Ocean Alexander","year":2022,"len":32.3,"price":10.75,"city":"Boca Raton","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-ocean-alexander-106-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T09:02:25.649Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024093555177-10.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024093555177-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024093555177-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024093555185-8.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024093535633-5.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024093555159-6.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024093535644-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024093535663-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251011063753290-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024102534255-75.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024102533834-69.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024102534071-72.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024102534648-71.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024102534010-70.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024102534511-73.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024102534275-74.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024094001321-8.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024094001371-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024094001418-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024094016487-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024094016429-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024094016521-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024094016405-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024094016420-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024094016461-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/7/2022-ocean-alexander-32l-power-9974407-20251024100704523-48.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":27.039276235869007,"est":8.461949972102236,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 27% over model","tone":"premium"},"cashflow":{"acquisition":10.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.07,"charterIncome":0,"netAnnual":-1.07,"cumulative":-1.07,"residual":10.1},{"year":2027,"yearIdx":1,"opCost":1.01,"charterIncome":0,"netAnnual":-1.01,"cumulative":-2.08,"residual":9.49},{"year":2028,"yearIdx":2,"opCost":0.95,"charterIncome":0,"netAnnual":-0.95,"cumulative":-3.03,"residual":8.92},{"year":2029,"yearIdx":3,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-3.92,"residual":8.38},{"year":2030,"yearIdx":4,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-4.76,"residual":7.88}],"totalOp":4.76,"totalCharter":0,"net5yr":-4.76,"residualY5":7.88,"netHoldCost":7.63,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.91,"debt":4.84,"rateBps":625,"annualDebtCost":0.3,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$300K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.76,"debt":6.99,"rateBps":625,"annualDebtCost":0.44,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.17,"target":8.6,"ceiling":9.03,"baselineDiscountPct":20,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 27% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Ocean Alexander, delivered in 2022 at 32m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Boca Raton, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2020-ocean-alexander-84-ft-yacht-for-sale","name":"Ocean Alexander 84R","builder":"Ocean Alexander","year":2020,"len":25.6,"price":5.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2020-ocean-alexander-84-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T03:15:56.796Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141794-0.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141794-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141794-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141740-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141832-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141698-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141750-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141680-5.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141768-6.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141816-7.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141722-8.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141759-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141823-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141841-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141706-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141714-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170141687-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170209051-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170208857-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170208721-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170209000-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170208733-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170209025-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170209106-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170208883-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/65/2020-ocean-alexander-84-r-power-9982565-20251024170209062-23.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":17.032713536782605,"est":4.699540695748618,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 17% over model","tone":"premium"},"cashflow":{"acquisition":5.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-0.66,"residual":5.17},{"year":2027,"yearIdx":1,"opCost":0.62,"charterIncome":0,"netAnnual":-0.62,"cumulative":-1.28,"residual":4.86},{"year":2028,"yearIdx":2,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-1.86,"residual":4.57},{"year":2029,"yearIdx":3,"opCost":0.55,"charterIncome":0,"netAnnual":-0.55,"cumulative":-2.41,"residual":4.3},{"year":2030,"yearIdx":4,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-2.93,"residual":4.04}],"totalOp":2.93,"totalCharter":0,"net5yr":-2.93,"residualY5":4.04,"netHoldCost":4.39,"netHoldCostPctOfAcq":79.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.02,"debt":2.48,"rateBps":625,"annualDebtCost":0.15,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.92,"debt":3.58,"rateBps":625,"annualDebtCost":0.22,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.18,"target":4.4,"ceiling":4.62,"baselineDiscountPct":20,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 17% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Ocean Alexander, delivered in 2020 at 26m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2009-azimut-85-ft-yacht-for-sale","name":"Azimut Flybridge 85","builder":"Azimut","year":2009,"len":25.9,"price":2,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2009-azimut-85-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T11:40:53.798Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936590-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936590-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936523-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936581-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936949-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936959-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936351-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936443-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936917-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936533-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936464-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936400-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936658-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936484-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936716-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936687-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936853-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936370-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936572-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936905-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936676-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936726-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936389-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936667-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936882-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/92/2009-azimut-flybridge-power-10124292-20260323134936293-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-40.71277771808565,"est":3.37340816962191,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 41% under model","tone":"strong-buy"},"cashflow":{"acquisition":2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.24,"residual":1.91},{"year":2027,"yearIdx":1,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.47,"residual":1.82},{"year":2028,"yearIdx":2,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.69,"residual":1.74},{"year":2029,"yearIdx":3,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.9,"residual":1.66},{"year":2030,"yearIdx":4,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-1.1,"residual":1.59}],"totalOp":1.1,"totalCharter":0,"net5yr":-1.1,"residualY5":1.59,"netHoldCost":1.51,"netHoldCostPctOfAcq":75.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.1,"debt":0.9,"rateBps":700,"annualDebtCost":0.06,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.7,"debt":1.3,"rateBps":700,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.68,"target":1.76,"ceiling":1.84,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 41% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Azimut, delivered in 2009 at 26m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2021-mangusta-109-ft-yacht-for-sale","name":"Mangusta 33 Gransport","builder":"Mangusta","year":2021,"len":33.2,"price":10.97,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2021-mangusta-109-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T23:16:04.555Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555459-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555459-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555775-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555673-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555683-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555837-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555429-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555655-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555827-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555855-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555928-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044556034-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555865-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555528-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555545-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555509-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555947-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555955-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555815-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555937-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555635-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555717-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044556026-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555479-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555767-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/48/0/2021-mangusta-33-gransport-power-10124800-20260324044555738-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":7.24322749124868,"est":10.22908416374841,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":10.97,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.1,"charterIncome":0,"netAnnual":-1.1,"cumulative":-1.1,"residual":10.31},{"year":2027,"yearIdx":1,"opCost":1.03,"charterIncome":0,"netAnnual":-1.03,"cumulative":-2.13,"residual":9.69},{"year":2028,"yearIdx":2,"opCost":0.97,"charterIncome":0,"netAnnual":-0.97,"cumulative":-3.1,"residual":9.11},{"year":2029,"yearIdx":3,"opCost":0.91,"charterIncome":0,"netAnnual":-0.91,"cumulative":-4.01,"residual":8.56},{"year":2030,"yearIdx":4,"opCost":0.86,"charterIncome":0,"netAnnual":-0.86,"cumulative":-4.87,"residual":8.05}],"totalOp":4.87,"totalCharter":0,"net5yr":-4.87,"residualY5":8.05,"netHoldCost":7.79,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.97,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.03,"debt":4.94,"rateBps":625,"annualDebtCost":0.31,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$310K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.84,"debt":7.13,"rateBps":625,"annualDebtCost":0.45,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":9.45,"target":9.88,"ceiling":10.32,"baselineDiscountPct":9.9,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Mangusta is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This modern-era Mangusta, delivered in 2021 at 33m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2011-benetti-121-ft-yacht-for-sale-2","name":"Benetti Classic 121","builder":"Benetti","year":2011,"len":36.9,"price":7.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2011-benetti-121-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T00:46:07.756Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545145-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545145-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044546073-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545363-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044546189-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044546135-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545394-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545797-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545810-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545211-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044546035-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044546249-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044546220-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044546124-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545656-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545901-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044546229-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545841-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545644-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044546157-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545971-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044546046-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545301-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545156-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545565-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/97/2011-benetti-classic-121-power-10124797-20260324044545575-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-22.833636278877048,"est":9.719260618661243,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 23% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":7.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-0.75,"residual":7.31},{"year":2027,"yearIdx":1,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-1.48,"residual":7.13},{"year":2028,"yearIdx":2,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-2.19,"residual":6.95},{"year":2029,"yearIdx":3,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-2.89,"residual":6.78},{"year":2030,"yearIdx":4,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-3.57,"residual":6.61}],"totalOp":3.57,"totalCharter":0,"net5yr":-3.57,"residualY5":6.61,"netHoldCost":4.46,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.12,"debt":3.38,"rateBps":700,"annualDebtCost":0.24,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$240K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.63,"debt":4.87,"rateBps":700,"annualDebtCost":0.34,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":6.46,"target":6.76,"ceiling":7.06,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 23% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Benetti, delivered in 2011 at 37m carries the full tier-A pedigree under proven systems. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2016-alia-yachts-196-92-ft-yacht-for-sale-2","name":"Alia Yachts Alia Yachts 60M","builder":"Alia Yachts","year":2016,"len":62.1,"price":45.94,"city":"West Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2016-alia-yachts-196-92-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T13:25:50.930Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/47/13/9304713_20240319143327758_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/47/13/9304713_20240319143327758_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320072457331_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320072532663_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320072606612_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320072638753_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320072707937_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320072743094_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320072912163_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320072926032_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320073115946_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320073224568_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320073259669_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320073612397_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320073614249_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320073616313_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320073618309_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320074001862_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/13/9304713_20240320074004181_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/47/13/9304713_20240320071810567_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","imo":"1012426","mmsi":"319099400","_priv":{"estimate":{"delta":7.413657548604317,"est":42.769235354649666,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":45.94,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":4.13,"charterIncome":0,"netAnnual":-4.13,"cumulative":-4.13,"residual":43.18},{"year":2027,"yearIdx":1,"opCost":3.89,"charterIncome":0,"netAnnual":-3.89,"cumulative":-8.02,"residual":41.24},{"year":2028,"yearIdx":2,"opCost":3.71,"charterIncome":0,"netAnnual":-3.71,"cumulative":-11.73,"residual":39.38},{"year":2029,"yearIdx":3,"opCost":3.54,"charterIncome":0,"netAnnual":-3.54,"cumulative":-15.27,"residual":37.61},{"year":2030,"yearIdx":4,"opCost":3.38,"charterIncome":0,"netAnnual":-3.38,"cumulative":-18.65,"residual":35.92}],"totalOp":18.65,"totalCharter":0,"net5yr":-18.65,"residualY5":35.92,"netHoldCost":28.67,"netHoldCostPctOfAcq":62.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 62% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":45.94,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":20.67,"debt":25.27,"rateBps":625,"annualDebtCost":1.58,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.6M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":16.08,"debt":29.86,"rateBps":625,"annualDebtCost":1.87,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":37.23,"target":39.06,"ceiling":40.9,"baselineDiscountPct":15,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Alia Yachts, delivered in 2016 at 62m has settled into its proven-hull period with full systems history. Lying in West Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2010-trinity-yachts-190-ft-yacht-for-sale-2","name":"Trinity Yachts","builder":"Trinity Yachts","year":2010,"len":57.9,"price":24.5,"city":"West Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2010-trinity-yachts-190-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T13:25:53.554Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/21/49/9112149_20231101104807872_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/21/49/9112149_20231101104807872_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101100558995_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101100713810_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101100735219_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101100423783_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101100421538_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101100742095_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101100548098_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101102802959_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101102937079_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103033024_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103034840_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103037124_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103342813_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103344787_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103346942_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103349994_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103353029_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103355930_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103738512_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103740436_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103742513_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103745520_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103747363_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/49/9112149_20231101103749511_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-10.42805246417187,"est":27.352313613813273,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 10% under model","tone":"value"},"cashflow":{"acquisition":24.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.45,"charterIncome":0,"netAnnual":-2.45,"cumulative":-2.45,"residual":23.4},{"year":2027,"yearIdx":1,"opCost":2.34,"charterIncome":0,"netAnnual":-2.34,"cumulative":-4.79,"residual":22.35},{"year":2028,"yearIdx":2,"opCost":2.24,"charterIncome":0,"netAnnual":-2.24,"cumulative":-7.03,"residual":21.34},{"year":2029,"yearIdx":3,"opCost":2.13,"charterIncome":0,"netAnnual":-2.13,"cumulative":-9.16,"residual":20.38},{"year":2030,"yearIdx":4,"opCost":2.04,"charterIncome":0,"netAnnual":-2.04,"cumulative":-11.2,"residual":19.46}],"totalOp":11.2,"totalCharter":0,"net5yr":-11.2,"residualY5":19.46,"netHoldCost":16.24,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":24.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":13.47,"debt":11.03,"rateBps":700,"annualDebtCost":0.77,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$770K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":8.57,"debt":15.93,"rateBps":700,"annualDebtCost":1.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":20.56,"target":21.54,"ceiling":22.52,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Trinity Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 10% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Trinity Yachts, delivered in 2010 at 58m represents the classic-platform era with a documented owner timeline. Lying in West Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2012-azimut-116-ft-yacht-for-sale","name":"Azimut 116","builder":"Azimut","year":2012,"len":35.4,"price":5.6,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2012-azimut-116-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T17:18:50.301Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115621795-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115621795-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902114940579-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902114933107-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115850871-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115840515-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902114927343-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902114934070-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902114922341-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902114920270-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115617793-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902114939577-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902114935003-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902114938561-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115615318-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115623656-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115624634-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902114929294-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115817973-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115819187-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115816752-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115820205-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115825317-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115821948-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115823122-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/12/2012-azimut-power-9930912-20250902115824331-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-25.45606126057835,"est":7.512347877908024,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 25% under model","tone":"strong-buy"},"cashflow":{"acquisition":5.6,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-0.56,"residual":5.35},{"year":2027,"yearIdx":1,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-1.1,"residual":5.11},{"year":2028,"yearIdx":2,"opCost":0.51,"charterIncome":0,"netAnnual":-0.51,"cumulative":-1.61,"residual":4.88},{"year":2029,"yearIdx":3,"opCost":0.49,"charterIncome":0,"netAnnual":-0.49,"cumulative":-2.1,"residual":4.66},{"year":2030,"yearIdx":4,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-2.57,"residual":4.45}],"totalOp":2.57,"totalCharter":0,"net5yr":-2.57,"residualY5":4.45,"netHoldCost":3.72,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.6,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.08,"debt":2.52,"rateBps":625,"annualDebtCost":0.16,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$160K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.96,"debt":3.64,"rateBps":625,"annualDebtCost":0.23,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.7,"target":4.92,"ceiling":5.15,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 25% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Azimut, delivered in 2012 at 35m represents the classic-platform era with a documented owner timeline. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2026-sunreef-88-ft-yacht-for-sale-4","name":"Sunreef Ultima 88 | Fractional Ownership (1/6th)","builder":"Sunreef","year":2026,"len":26.8,"price":2,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2026-sunreef-88-ft-yacht-for-sale-4/","source":"allied","refreshedAt":"2026-05-16T09:05:54.616Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115304663-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115304663-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115319289-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115321161-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115322308-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115323983-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115324743-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115327828-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115327350-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115330875-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115331097-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115333583-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115335319-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115334793-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115335969-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115342936-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/95/59/2026-sunreef-ultima-88-power-9679559-20250218115429154-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-71.14495758964058,"est":6.931197575651349,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 71% under model","tone":"strong-buy"},"cashflow":{"acquisition":2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.24,"residual":1.82},{"year":2027,"yearIdx":1,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.46,"residual":1.66},{"year":2028,"yearIdx":2,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.66,"residual":1.51},{"year":2029,"yearIdx":3,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.84,"residual":1.42},{"year":2030,"yearIdx":4,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-1.01,"residual":1.33}],"totalOp":1.01,"totalCharter":0,"net5yr":-1.01,"residualY5":1.33,"netHoldCost":1.68,"netHoldCostPctOfAcq":84,"verdict":"Private use, no charter income modelled. Effective hold cost: 84% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.1,"debt":0.9,"rateBps":625,"annualDebtCost":0.06,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.7,"debt":1.3,"rateBps":625,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":1.82,"target":1.9,"ceiling":1.96,"baselineDiscountPct":5,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 71% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This current-generation Sunreef, delivered in 2026 at 27m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2026-sunreef-88-ft-yacht-for-sale-2","name":"Sunreef Ultima 88","builder":"Sunreef","year":2026,"len":26.8,"price":9.15,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2026-sunreef-88-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-15T00:16:17.765Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/91/78/2026-sunreef-sunreef-88-ultima-power-9989178-20251023051322992-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/91/78/2026-sunreef-sunreef-88-ultima-power-9989178-20251023051322992-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/91/78/2026-sunreef-sunreef-88-ultima-power-9989178-20251023051313659-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":32.0118190273943,"est":6.931197575651349,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 32% over model","tone":"premium"},"cashflow":{"acquisition":9.15,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.1,"charterIncome":0,"netAnnual":-1.1,"cumulative":-1.1,"residual":8.33},{"year":2027,"yearIdx":1,"opCost":1,"charterIncome":0,"netAnnual":-1,"cumulative":-2.1,"residual":7.58},{"year":2028,"yearIdx":2,"opCost":0.91,"charterIncome":0,"netAnnual":-0.91,"cumulative":-3.01,"residual":6.9},{"year":2029,"yearIdx":3,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-3.84,"residual":6.49},{"year":2030,"yearIdx":4,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-4.62,"residual":6.1}],"totalOp":4.62,"totalCharter":0,"net5yr":-4.62,"residualY5":6.1,"netHoldCost":7.67,"netHoldCostPctOfAcq":83.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 84% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.15,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.03,"debt":4.12,"rateBps":625,"annualDebtCost":0.26,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$260K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.2,"debt":5.95,"rateBps":625,"annualDebtCost":0.37,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.72,"target":7.09,"ceiling":7.46,"baselineDiscountPct":22.5,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Only 2 photos on file — request the full gallery and broker walk-through video before scheduling viewing."},{"tone":"tactical","label":"Leverage","body":"Listed 32% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Sunreef, delivered in 2026 at 27m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2004-mangusta-105-ft-yacht-for-sale","name":"Mangusta 105 Sport","builder":"Mangusta","year":2004,"len":32,"price":2,"city":"Long Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2004-mangusta-105-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T17:17:25.332Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815196-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815196-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815079-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815095-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815299-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815144-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815241-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815175-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815128-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815103-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815160-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815120-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815280-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815167-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815289-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815137-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815253-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815318-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815071-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/63/55/2004-mangusta-105-sport-power-10126355-20260507114815087-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-63.077983963863936,"est":5.4168223047261925,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 63% under model","tone":"strong-buy"},"cashflow":{"acquisition":2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.2,"residual":1.91},{"year":2027,"yearIdx":1,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.39,"residual":1.82},{"year":2028,"yearIdx":2,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.57,"residual":1.74},{"year":2029,"yearIdx":3,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.74,"residual":1.66},{"year":2030,"yearIdx":4,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.91,"residual":1.59}],"totalOp":0.91,"totalCharter":0,"net5yr":-0.91,"residualY5":1.59,"netHoldCost":1.32,"netHoldCostPctOfAcq":66,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.3,"debt":0.7,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.7,"debt":1.3,"rateBps":700,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.68,"target":1.76,"ceiling":1.84,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Mangusta is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 63% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Mangusta, delivered in 2004 at 32m represents the classic-platform era with a documented owner timeline. Lying in Long Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2016-allseas-92-ft-yacht-for-sale","name":"Allseas Expedition 92","builder":"Allseas","year":2016,"len":28,"price":6.9,"city":"San Diego","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2016-allseas-92-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T13:16:24.571Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130911268-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130911268-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130911260-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910582-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910665-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910819-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910761-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910616-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910565-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910674-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910731-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910591-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910692-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910545-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910721-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910771-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130911332-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910508-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910608-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130911296-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910701-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910683-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130911217-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130911323-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910627-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/63/59/2016-allseas-expedition-92-power-10126359-20260507130910742-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":32.37038141844247,"est":5.212646459171311,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 32% over model","tone":"premium"},"cashflow":{"acquisition":6.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-0.83,"residual":6.49},{"year":2027,"yearIdx":1,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-1.61,"residual":6.2},{"year":2028,"yearIdx":2,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-2.35,"residual":5.92},{"year":2029,"yearIdx":3,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-3.06,"residual":5.65},{"year":2030,"yearIdx":4,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-3.74,"residual":5.4}],"totalOp":3.74,"totalCharter":0,"net5yr":-3.74,"residualY5":5.4,"netHoldCost":5.24,"netHoldCostPctOfAcq":75.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.79,"debt":3.11,"rateBps":625,"annualDebtCost":0.19,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$190K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.42,"debt":4.48,"rateBps":625,"annualDebtCost":0.28,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.71,"target":4.99,"ceiling":5.27,"baselineDiscountPct":27.7,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 32% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Allseas, delivered in 2016 at 28m has settled into its proven-hull period with full systems history. Lying in San Diego, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2017-azimut-84-ft-yacht-for-sale","name":"Azimut 84","builder":"Azimut","year":2017,"len":25.6,"price":2.4,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2017-azimut-84-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T12:36:23.310Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441563-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441563-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441863-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441237-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441589-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441422-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441754-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441430-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441340-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441707-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441381-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441456-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441872-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441405-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441644-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441373-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441325-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441301-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441500-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441698-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441398-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441776-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441579-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441747-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441517-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/4/2017-azimut-84-power-10126204-20260324160441785-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-43.69723089065431,"est":4.262667783424571,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 44% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.29,"residual":2.26},{"year":2027,"yearIdx":1,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.56,"residual":2.12},{"year":2028,"yearIdx":2,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.81,"residual":2.02},{"year":2029,"yearIdx":3,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.05,"residual":1.93},{"year":2030,"yearIdx":4,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-1.28,"residual":1.84}],"totalOp":1.28,"totalCharter":0,"net5yr":-1.28,"residualY5":1.84,"netHoldCost":1.84,"netHoldCostPctOfAcq":76.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 77% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.32,"debt":1.08,"rateBps":625,"annualDebtCost":0.07,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.84,"debt":1.56,"rateBps":625,"annualDebtCost":0.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":2.12,"target":2.22,"ceiling":2.31,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 44% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Azimut, delivered in 2017 at 26m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2020-pearl-80-ft-yacht-for-sale-2","name":"Pearl 80","builder":"Pearl","year":2020,"len":24.4,"price":3.1,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2020-pearl-80-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-15T00:31:14.910Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194542459-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194542459-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194530374-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194502442-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194534411-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194504434-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194524406-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194522362-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194554528-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194506370-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194508307-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194510415-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194512324-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194540445-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194514314-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194516346-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194546453-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194518464-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194520389-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194526443-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194536412-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194548513-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194558498-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194600575-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194602478-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/87/5/2020-pearl-80-power-9488705-20240730194604500-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","mmsi":"338057000","beam":6,"datalasticUuid":"2b00834e-1a84-66cc-b01e-ddf056a3dd65","_priv":{"estimate":{"delta":-28.832237182830678,"est":4.355904804769444,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 29% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.1,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-0.37,"residual":2.91},{"year":2027,"yearIdx":1,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-0.72,"residual":2.74},{"year":2028,"yearIdx":2,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.05,"residual":2.58},{"year":2029,"yearIdx":3,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-1.36,"residual":2.43},{"year":2030,"yearIdx":4,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.65,"residual":2.28}],"totalOp":1.65,"totalCharter":0,"net5yr":-1.65,"residualY5":2.28,"netHoldCost":2.47,"netHoldCostPctOfAcq":79.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.1,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.7,"debt":1.4,"rateBps":625,"annualDebtCost":0.09,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.08,"debt":2.02,"rateBps":625,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":2.74,"target":2.86,"ceiling":2.99,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 29% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Pearl, delivered in 2020 at 24m has settled into its proven-hull period with full systems history. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2005-christensen-157-ft-yacht-for-sale","name":"Christensen","builder":"Christensen","year":2005,"len":47.9,"price":17.98,"city":"San Diego","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-christensen-157-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T00:31:17.530Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20260310103720606-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20260310103720606-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251220120404049-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20260128105517139-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251220120404393-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251220120744143-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20260128105516544-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251220120743975-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251220120743793-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20260128105518322-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251220120922190-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20260128105513764-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251220120922350-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133850182-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133848461-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133848296-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133851376-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133851538-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133851696-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133832012-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133833236-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133832211-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133833482-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133833663-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251024133847132-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/52/2005-christensen-motor-yacht-power-9988352-20251220120236390-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":37.27030081226292,"est":13.098244772254315,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":17.98,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.8,"charterIncome":0,"netAnnual":-1.8,"cumulative":-1.8,"residual":17.17},{"year":2027,"yearIdx":1,"opCost":1.72,"charterIncome":0,"netAnnual":-1.72,"cumulative":-3.52,"residual":16.4},{"year":2028,"yearIdx":2,"opCost":1.64,"charterIncome":0,"netAnnual":-1.64,"cumulative":-5.16,"residual":15.66},{"year":2029,"yearIdx":3,"opCost":1.57,"charterIncome":0,"netAnnual":-1.57,"cumulative":-6.73,"residual":14.96},{"year":2030,"yearIdx":4,"opCost":1.5,"charterIncome":0,"netAnnual":-1.5,"cumulative":-8.23,"residual":14.29}],"totalOp":8.23,"totalCharter":0,"net5yr":-8.23,"residualY5":14.29,"netHoldCost":11.92,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":17.98,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":11.69,"debt":6.29,"rateBps":700,"annualDebtCost":0.44,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$440K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.29,"debt":11.69,"rateBps":700,"annualDebtCost":0.82,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":11.51,"target":12.23,"ceiling":12.95,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 37% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Christensen, delivered in 2005 at 48m represents the classic-platform era with a documented owner timeline. Lying in San Diego, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2005-hargrave-97-ft-yacht-for-sale","name":"Hargrave Raised Pilothouse","builder":"Hargrave","year":2005,"len":29.6,"price":2.4,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-hargrave-97-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:04:12.183Z","photoUrl":"https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062609457-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062555328-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062603621-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062546149-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062546484-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062546751-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062613924-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062612572-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062612315-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062614471-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062548064-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062548372-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062550104-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062611569-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062606032-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062611099-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062550381-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062550648-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062605732-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062550909-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062600106-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062552116-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062552401-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062552635-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/46/38/2006-hargrave-raised-pilothouse-power-9984638-20251028062552865-4.jpg"],"brokerEmail":"sales@alliedmarine.com","brokerFirm":"Allied Marine","_priv":{"estimate":{"delta":-41.893694719438564,"est":4.130360704250254,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 42% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.29,"residual":2.29},{"year":2027,"yearIdx":1,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.56,"residual":2.19},{"year":2028,"yearIdx":2,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.82,"residual":2.09},{"year":2029,"yearIdx":3,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.07,"residual":2},{"year":2030,"yearIdx":4,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.31,"residual":1.91}],"totalOp":1.31,"totalCharter":0,"net5yr":-1.31,"residualY5":1.91,"netHoldCost":1.8,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.56,"debt":0.84,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.84,"debt":1.56,"rateBps":700,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.01,"target":2.11,"ceiling":2.21,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 42% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hargrave, delivered in 2005 at 30m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-hatteras-80-ft-yacht-for-sale","name":"Hatteras 80 Motor Yacht Sky Lounge","builder":"Hatteras","year":2006,"len":24.4,"price":2.15,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-hatteras-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T16:15:20.154Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251023113113260-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251023113113260-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065701112-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065817275-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065813634-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065814421-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065701616-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065705590-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065706379-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251021141206228-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251021140311047-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251021140310257-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065717078-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065717935-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065719425-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251021140305343-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251021140306834-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251021141206970-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065713634-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251105125527622-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065739862-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251020065745037-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251105125722495-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251105125719311-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251105125720325-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/73/2006-hatteras-80-motor-yacht-sky-lounge-power-9984973-20251105125721357-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-19.63982838330572,"est":2.6754547143766327,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 20% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.15,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.26,"residual":2.05},{"year":2027,"yearIdx":1,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.51,"residual":1.96},{"year":2028,"yearIdx":2,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.75,"residual":1.87},{"year":2029,"yearIdx":3,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.97,"residual":1.79},{"year":2030,"yearIdx":4,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-1.18,"residual":1.71}],"totalOp":1.18,"totalCharter":0,"net5yr":-1.18,"residualY5":1.71,"netHoldCost":1.62,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.15,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.4,"debt":0.75,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.75,"debt":1.4,"rateBps":700,"annualDebtCost":0.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.8,"target":1.89,"ceiling":1.98,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 20% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hatteras, delivered in 2006 at 24m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2014-benetti-140-ft-yacht-for-sale","name":"Benetti Veloce 140","builder":"Benetti","year":2014,"len":42.7,"price":16.95,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2014-benetti-140-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T16:15:21.787Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130413828-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130413828-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130422835-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130423632-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130424396-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130425174-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020131021775-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130634620-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130635420-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130636208-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130636996-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130639161-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130639942-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130640706-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130641475-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130643559-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130644395-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130645165-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130645933-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130647898-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130648697-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130649458-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130650237-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130652032-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130652785-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/49/91/2014-benetti-veloce-140-power-9984991-20251020130755422-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":13.896178267100087,"est":14.881974318971645,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · tier-A Benetti","tone":"premium"},"cashflow":{"acquisition":16.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.7,"charterIncome":0,"netAnnual":-1.7,"cumulative":-1.7,"residual":16.53},{"year":2027,"yearIdx":1,"opCost":1.65,"charterIncome":0,"netAnnual":-1.65,"cumulative":-3.35,"residual":16.12},{"year":2028,"yearIdx":2,"opCost":1.61,"charterIncome":0,"netAnnual":-1.61,"cumulative":-4.96,"residual":15.72},{"year":2029,"yearIdx":3,"opCost":1.57,"charterIncome":0,"netAnnual":-1.57,"cumulative":-6.53,"residual":15.33},{"year":2030,"yearIdx":4,"opCost":1.53,"charterIncome":0,"netAnnual":-1.53,"cumulative":-8.06,"residual":14.95}],"totalOp":8.06,"totalCharter":0,"net5yr":-8.06,"residualY5":14.95,"netHoldCost":10.06,"netHoldCostPctOfAcq":59.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 59% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":16.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":9.32,"debt":7.63,"rateBps":625,"annualDebtCost":0.48,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$480K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.93,"debt":11.02,"rateBps":625,"annualDebtCost":0.69,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":13.63,"target":14.31,"ceiling":14.99,"baselineDiscountPct":15.6,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 14% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Benetti, delivered in 2014 at 43m carries the full tier-A pedigree under proven systems. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2026-sunreef-111-ft-yacht-for-sale","name":"Sunreef Ultima 111","builder":"Sunreef","year":2026,"len":33.8,"price":22.1,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2026-sunreef-111-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T00:46:21.711Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073648175-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073648175-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073654676-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073654895-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073655091-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073655188-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073656987-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073657094-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073657220-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073657319-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073658702-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073658993-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/94/19/2026-sunreef-ultima-111-power-9989419-20251023073648348-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":89.15799669983086,"est":11.683354859731269,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 89% over model","tone":"premium"},"cashflow":{"acquisition":22.1,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.21,"charterIncome":0,"netAnnual":-2.21,"cumulative":-2.21,"residual":20.11},{"year":2027,"yearIdx":1,"opCost":2.01,"charterIncome":0,"netAnnual":-2.01,"cumulative":-4.22,"residual":18.3},{"year":2028,"yearIdx":2,"opCost":1.83,"charterIncome":0,"netAnnual":-1.83,"cumulative":-6.05,"residual":16.65},{"year":2029,"yearIdx":3,"opCost":1.67,"charterIncome":0,"netAnnual":-1.67,"cumulative":-7.72,"residual":15.65},{"year":2030,"yearIdx":4,"opCost":1.57,"charterIncome":0,"netAnnual":-1.57,"cumulative":-9.29,"residual":14.71}],"totalOp":9.29,"totalCharter":0,"net5yr":-9.29,"residualY5":14.71,"netHoldCost":16.68,"netHoldCostPctOfAcq":75.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":22.1,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":9.94,"debt":12.16,"rateBps":625,"annualDebtCost":0.76,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$760K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":7.74,"debt":14.36,"rateBps":625,"annualDebtCost":0.9,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":14.14,"target":15.03,"ceiling":15.91,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 89% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Sunreef, delivered in 2026 at 34m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1997-cnm-127-ft-yacht-for-sale","name":"CNM Evolution","builder":"Cnm","year":1997,"len":38.7,"price":1.25,"city":"Rimouski","country":"QC","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1997-cnm-127-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T23:06:20.994Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103227173-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103227173-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/8453451_20220818113059283_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103246722-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103243477-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103232860-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103234955-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103236914-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/8453451_20220818124134736_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103300378-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103303453-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103254529-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103257443-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/8453451_20220818124132350_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103238809-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/8453451_20220818113052755_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103240920-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103251469-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103249012-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103228967-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103231050-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103144472-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/8453451_20220822132052807_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103158565-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103224955-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/51/1997-cnm-evolution-power-8453451-20240804103156092-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-78.52288943554694,"est":5.82014976478673,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 79% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.13,"residual":1.19},{"year":2027,"yearIdx":1,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.25,"residual":1.14},{"year":2028,"yearIdx":2,"opCost":0.11,"charterIncome":0,"netAnnual":-0.11,"cumulative":-0.36,"residual":1.09},{"year":2029,"yearIdx":3,"opCost":0.11,"charterIncome":0,"netAnnual":-0.11,"cumulative":-0.47,"residual":1.04},{"year":2030,"yearIdx":4,"opCost":0.1,"charterIncome":0,"netAnnual":-0.1,"cumulative":-0.57,"residual":0.99}],"totalOp":0.57,"totalCharter":0,"net5yr":-0.57,"residualY5":0.99,"netHoldCost":0.83,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.81,"debt":0.44,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.44,"debt":0.81,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.05,"target":1.1,"ceiling":1.15,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (29y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 79% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Cnm, delivered in 1997 at 39m represents the classic-platform era with a documented owner timeline. Lying in Rimouski, Qc. Presented by Allied Marine.","v":3}},{"id":"allied-1997-palmer-johnson-80-ft-yacht-for-sale-2","name":"Palmer Johnson 80 Sportfish M/Y","builder":"Palmer Johnson","year":1997,"len":24.4,"price":2.85,"city":"Key Largo","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1997-palmer-johnson-80-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-15T22:16:25.401Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815775-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815775-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815827-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815492-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815166-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815872-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815704-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816045-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816637-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815142-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816019-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815728-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816626-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816113-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816606-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815941-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815952-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816416-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815517-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816194-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816083-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816173-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815886-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815452-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130816546-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/8/76/1997-palmer-johnson-80-sportfish-my-power-10140876-20260506130815966-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":19.388963571944632,"est":2.3871553238525016,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":2.85,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.34,"residual":2.72},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.67,"residual":2.6},{"year":2028,"yearIdx":2,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-0.98,"residual":2.48},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.28,"residual":2.37},{"year":2030,"yearIdx":4,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.56,"residual":2.26}],"totalOp":1.56,"totalCharter":0,"net5yr":-1.56,"residualY5":2.26,"netHoldCost":2.15,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.85,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.85,"debt":1,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1,"debt":1.85,"rateBps":700,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.9,"target":2.02,"ceiling":2.13,"baselineDiscountPct":29.2,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Palmer Johnson is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (29y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 19% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Palmer Johnson, delivered in 1997 at 24m represents the classic-platform era with a documented owner timeline. Lying in Key Largo, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1999-burger-85-ft-yacht-for-sale-2","name":"Burger 85 Deck house","builder":"Burger","year":1999,"len":25.9,"price":2,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1999-burger-85-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T13:20:54.518Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706147-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706147-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706210-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706076-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706499-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706356-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706491-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706063-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706640-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144705948-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144705959-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144705856-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706158-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706539-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706283-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144705889-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706385-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706253-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706424-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144705867-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706678-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706054-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144705928-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706293-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144706087-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/97/1999-burger-85-deck-house-power-10142297-20260407144705998-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-28.08722323054187,"est":2.781146953081381,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 28% under model","tone":"strong-buy"},"cashflow":{"acquisition":2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.24,"residual":1.91},{"year":2027,"yearIdx":1,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.47,"residual":1.82},{"year":2028,"yearIdx":2,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.69,"residual":1.74},{"year":2029,"yearIdx":3,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.9,"residual":1.66},{"year":2030,"yearIdx":4,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-1.1,"residual":1.59}],"totalOp":1.1,"totalCharter":0,"net5yr":-1.1,"residualY5":1.59,"netHoldCost":1.51,"netHoldCostPctOfAcq":75.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.3,"debt":0.7,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.7,"debt":1.3,"rateBps":700,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.68,"target":1.76,"ceiling":1.84,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (27y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 28% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Burger, delivered in 1999 at 26m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2007-president-87-ft-yacht-for-sale","name":"President Tri-Deck","builder":"President","year":2007,"len":26.5,"price":1.75,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2007-president-87-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:42:34.674Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064515287-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064515287-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064515287-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064515492-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064515672-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064515832-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064516329-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064516449-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064516594-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064516740-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064517334-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064517473-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/28/2007-president-tri-deck-power-9931028-20250904064517614-3.jpg"],"_priv":{"estimate":{"delta":-49.0781800951707,"est":3.436640723506495,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 49% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.21,"residual":1.67},{"year":2027,"yearIdx":1,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.41,"residual":1.59},{"year":2028,"yearIdx":2,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.6,"residual":1.52},{"year":2029,"yearIdx":3,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.78,"residual":1.45},{"year":2030,"yearIdx":4,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.95,"residual":1.38}],"totalOp":0.95,"totalCharter":0,"net5yr":-0.95,"residualY5":1.38,"netHoldCost":1.32,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.14,"debt":0.61,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.61,"debt":1.14,"rateBps":700,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.47,"target":1.54,"ceiling":1.61,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 49% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage President, delivered in 2007 at 27m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-2011-azimut-82-ft-yacht-for-sale","name":"Azimut 82","builder":"Azimut","year":2011,"len":25,"price":1.7,"city":"Aventura","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2011-azimut-82-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T01:16:12.537Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730120752674-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730120752674-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730120922381-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730120926335-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121110465-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121108442-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121102582-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121058402-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121100395-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121104564-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121112627-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730122753974-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121636561-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121640507-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121642471-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121644543-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121646432-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121942100-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121940045-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121938092-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121945942-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730121947934-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730122242423-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730122246386-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730122250613-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/6/2012-azimut-82-power-9488206-20240730122338668-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-48.868304574438284,"est":3.32474795887589,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 49% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.7,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.2,"residual":1.62},{"year":2027,"yearIdx":1,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.39,"residual":1.55},{"year":2028,"yearIdx":2,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.58,"residual":1.48},{"year":2029,"yearIdx":3,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.76,"residual":1.41},{"year":2030,"yearIdx":4,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.93,"residual":1.35}],"totalOp":0.93,"totalCharter":0,"net5yr":-0.93,"residualY5":1.35,"netHoldCost":1.28,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.7,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":0.93,"debt":0.77,"rateBps":700,"annualDebtCost":0.05,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.59,"debt":1.11,"rateBps":700,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.43,"target":1.49,"ceiling":1.56,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 49% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Azimut, delivered in 2011 at 25m represents the classic-platform era with a documented owner timeline. Lying in Aventura, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2022-sanlorenzo-111-02-ft-yacht-for-sale","name":"Sanlorenzo SP110","builder":"Sanlorenzo","year":2022,"len":33.9,"price":8.9,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-sanlorenzo-111-02-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T16:15:05.961Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054732403-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054732403-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054844976-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054845721-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054845898-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054846048-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054847142-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054847354-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054847591-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054847741-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054849080-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054849254-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054849466-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054849614-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054850990-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054851170-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054851314-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054851499-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054852143-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/95/13/2022-sanlorenzo-sp110-power-9999513-20251103054732993-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-23.869464690585204,"est":11.690447156095813,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 24% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":8.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-0.89,"residual":8.59},{"year":2027,"yearIdx":1,"opCost":0.86,"charterIncome":0,"netAnnual":-0.86,"cumulative":-1.75,"residual":8.29},{"year":2028,"yearIdx":2,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-2.58,"residual":8},{"year":2029,"yearIdx":3,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-3.38,"residual":7.72},{"year":2030,"yearIdx":4,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-4.15,"residual":7.45}],"totalOp":4.15,"totalCharter":0,"net5yr":-4.15,"residualY5":7.45,"netHoldCost":5.6,"netHoldCostPctOfAcq":62.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 63% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.9,"debt":4,"rateBps":625,"annualDebtCost":0.25,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$250K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.11,"debt":5.79,"rateBps":625,"annualDebtCost":0.36,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.2,"target":8.56,"ceiling":8.72,"baselineDiscountPct":3.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Sanlorenzo — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 24% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This modern-era Sanlorenzo, delivered in 2022 at 34m carries the full tier-A pedigree and remains in its first-decade window. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-sunseeker-82-ft-yacht-for-sale-2","name":"Sunseeker Manhattan 82","builder":"Sunseeker","year":2006,"len":25,"price":1.3,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-sunseeker-82-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T18:00:53.800Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134427688-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134427688-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134424536-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134426610-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134422277-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134423353-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134422539-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134423214-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134427552-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134424411-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134419546-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134425630-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134423706-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134420835-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134426479-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134418771-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134425507-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134421526-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134426323-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134418505-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134419928-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134422425-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134427324-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134423524-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134425268-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/90/2006-sunseeker-manhattan-motor-82-power-9999890-20251104134426720-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-56.811353942244445,"est":3.0100503689361524,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 57% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.16,"residual":1.24},{"year":2027,"yearIdx":1,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.31,"residual":1.18},{"year":2028,"yearIdx":2,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.45,"residual":1.13},{"year":2029,"yearIdx":3,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.59,"residual":1.08},{"year":2030,"yearIdx":4,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.72,"residual":1.03}],"totalOp":0.72,"totalCharter":0,"net5yr":-0.72,"residualY5":1.03,"netHoldCost":0.99,"netHoldCostPctOfAcq":76.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.85,"debt":0.45,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.45,"debt":0.85,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.09,"target":1.14,"ceiling":1.19,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 57% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sunseeker, delivered in 2006 at 25m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2017-hargrave-101-ft-yacht-for-sale","name":"Hargrave Raised Pilothouse MY","builder":"Hargrave","year":2017,"len":30.8,"price":4.98,"city":"Boca Raton","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2017-hargrave-101-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T05:35:53.598Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250519080000881-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250519080000881-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113602078-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113604137-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113604503-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113604636-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113604834-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113606866-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113606991-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113607130-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113607259-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113609407-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113609537-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113609740-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113609876-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113611928-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113612162-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113612275-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113614635-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113612406-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113614184-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113614343-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113616452-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113616633-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113616715-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/95/55/2017-hargrave-raised-pilothouse-my-power-9799555-20250820113619013-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-25.37009513802953,"est":6.672928243993627,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 25% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.98,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.5,"charterIncome":0,"netAnnual":-0.5,"cumulative":-0.5,"residual":4.68},{"year":2027,"yearIdx":1,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-0.97,"residual":4.4},{"year":2028,"yearIdx":2,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-1.41,"residual":4.2},{"year":2029,"yearIdx":3,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-1.83,"residual":4.01},{"year":2030,"yearIdx":4,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-2.23,"residual":3.83}],"totalOp":2.23,"totalCharter":0,"net5yr":-2.23,"residualY5":3.83,"netHoldCost":3.38,"netHoldCostPctOfAcq":67.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 68% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.98,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.74,"debt":2.24,"rateBps":625,"annualDebtCost":0.14,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$140K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.74,"debt":3.24,"rateBps":625,"annualDebtCost":0.2,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.4,"target":4.6,"ceiling":4.8,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 25% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Hargrave, delivered in 2017 at 31m has settled into its proven-hull period with full systems history. Lying in Boca Raton, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2004-crescent-120-ft-yacht-for-sale","name":"Crescent Raised Pilothouse","builder":"Crescent","year":2004,"len":36.6,"price":4.99,"city":"West Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2004-crescent-120-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T05:35:55.999Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093233120-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093233120-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093242237-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093243404-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093245247-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093246209-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093247232-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093248217-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093249247-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093250462-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093252253-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093253269-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093254269-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093255272-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093256298-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093257260-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093258298-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093259268-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093300474-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093302265-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093303329-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093304347-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093305316-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093306315-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093307333-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/96/22/2004-crescent-raised-pilothouse-power-9799622-20250519093308332-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-25.56489993690701,"est":6.703826549262855,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 26% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.5,"charterIncome":0,"netAnnual":-0.5,"cumulative":-0.5,"residual":4.77},{"year":2027,"yearIdx":1,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-0.98,"residual":4.56},{"year":2028,"yearIdx":2,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-1.44,"residual":4.35},{"year":2029,"yearIdx":3,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-1.87,"residual":4.15},{"year":2030,"yearIdx":4,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-2.29,"residual":3.96}],"totalOp":2.29,"totalCharter":0,"net5yr":-2.29,"residualY5":3.96,"netHoldCost":3.32,"netHoldCostPctOfAcq":66.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.24,"debt":1.75,"rateBps":700,"annualDebtCost":0.12,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.75,"debt":3.24,"rateBps":700,"annualDebtCost":0.23,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":4.19,"target":4.39,"ceiling":4.59,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 26% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Crescent, delivered in 2004 at 37m represents the classic-platform era with a documented owner timeline. Lying in West Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2022-van-der-valk-112-ft-yacht-for-sale-2","name":"Van der Valk Custom 34M Explorer","builder":"Van Der Valk","year":2022,"len":34.1,"price":14.95,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-van-der-valk-112-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-15T03:30:54.109Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225243292-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225243292-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225300556-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225302620-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225304748-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225306752-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225308595-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225310446-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225312454-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225314296-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225315305-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225317304-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225318200-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225319805-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225321590-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225323277-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225324547-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225326311-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225328713-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125231652275-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/21/43/2021-van-der-valk-custom-34m-explorer-power-9622143-20241125225245618-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":51.44093552656762,"est":9.871835476991812,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 51% over model","tone":"premium"},"cashflow":{"acquisition":14.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.5,"charterIncome":0,"netAnnual":-1.5,"cumulative":-1.5,"residual":14.05},{"year":2027,"yearIdx":1,"opCost":1.41,"charterIncome":0,"netAnnual":-1.41,"cumulative":-2.91,"residual":13.21},{"year":2028,"yearIdx":2,"opCost":1.32,"charterIncome":0,"netAnnual":-1.32,"cumulative":-4.23,"residual":12.42},{"year":2029,"yearIdx":3,"opCost":1.24,"charterIncome":0,"netAnnual":-1.24,"cumulative":-5.47,"residual":11.67},{"year":2030,"yearIdx":4,"opCost":1.17,"charterIncome":0,"netAnnual":-1.17,"cumulative":-6.64,"residual":10.97}],"totalOp":6.64,"totalCharter":0,"net5yr":-6.64,"residualY5":10.97,"netHoldCost":10.62,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":14.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":8.22,"debt":6.73,"rateBps":625,"annualDebtCost":0.42,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$420K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.23,"debt":9.72,"rateBps":625,"annualDebtCost":0.61,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":9.57,"target":10.17,"ceiling":10.76,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 51% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Van Der Valk, delivered in 2022 at 34m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2007-rodriquez-80-ft-yacht-for-sale","name":"Rodriquez 80 Widebody","builder":"Rodriquez","year":2007,"len":24.4,"price":1.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2007-rodriquez-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T03:30:58.089Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/82/51/8568251_20230115083720132_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/82/51/8568251_20230115083720132_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094449225_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094456233_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094503740_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094510597_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094519066_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094527815_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094535542_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094543620_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094551350_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094602129_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094608738_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094616084_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094622737_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094630148_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094636277_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094643179_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094650310_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094656632_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094703570_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094711018_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094717599_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094724131_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094730337_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/82/51/8568251_20230115094735622_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-47.442677281544725,"est":2.8540266558769773,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 47% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.18,"residual":1.43},{"year":2027,"yearIdx":1,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.35,"residual":1.37},{"year":2028,"yearIdx":2,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.51,"residual":1.31},{"year":2029,"yearIdx":3,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.67,"residual":1.25},{"year":2030,"yearIdx":4,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.82,"residual":1.19}],"totalOp":0.82,"totalCharter":0,"net5yr":-0.82,"residualY5":1.19,"netHoldCost":1.13,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.98,"debt":0.52,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.52,"debt":0.98,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.26,"target":1.32,"ceiling":1.38,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 47% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Rodriquez, delivered in 2007 at 24m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1984-feadship-87-ft-yacht-for-sale","name":"Feadship Yacht Fish","builder":"Feadship","year":1984,"len":26.5,"price":5.95,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1984-feadship-87-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T02:01:21.595Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111048437-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111048437-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111050620-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111050728-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111050843-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111051470-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111051638-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111051778-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111051942-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111052492-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111052601-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111052777-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111052951-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111053350-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111053520-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111053633-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111053797-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111054507-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111054611-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111054763-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111054865-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111055303-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111055417-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111055567-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111055673-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/75/1984-feadship-yacht-fish-power-9966475-20251020111056215-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":111.10034223597857,"est":2.818564828923295,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":5.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-0.71,"residual":5.8},{"year":2027,"yearIdx":1,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-1.41,"residual":5.65},{"year":2028,"yearIdx":2,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-2.09,"residual":5.51},{"year":2029,"yearIdx":3,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-2.75,"residual":5.37},{"year":2030,"yearIdx":4,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-3.39,"residual":5.24}],"totalOp":3.39,"totalCharter":0,"net5yr":-3.39,"residualY5":5.24,"netHoldCost":4.1,"netHoldCostPctOfAcq":68.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 69% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.87,"debt":2.08,"rateBps":700,"annualDebtCost":0.15,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.08,"debt":3.87,"rateBps":700,"annualDebtCost":0.27,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":3.81,"target":4.05,"ceiling":4.28,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Feadship — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (42y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 111% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Feadship, delivered in 1984 at 27m carries the full tier-A pedigree under proven systems. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2005-pacific-mariner-85-ft-yacht-for-sale-2","name":"Pacific Mariner 85","builder":"Pacific Mariner","year":2005,"len":25.9,"price":1.79,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-pacific-mariner-85-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-15T15:30:12.205Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102647584-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102647584-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102650384-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102650522-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102650661-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102650835-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102651299-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102651537-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102651669-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102651862-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102652279-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102652462-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102652593-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102652775-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102653383-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102653642-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102653783-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102653945-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102654543-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102654705-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102654834-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102655024-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102655541-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102655733-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102655872-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/0/2005-pacific-mariner-85-power-10101000-20260309102656004-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-41.474257598710004,"est":3.058483201676645,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 41% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.79,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.21,"residual":1.71},{"year":2027,"yearIdx":1,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.42,"residual":1.63},{"year":2028,"yearIdx":2,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.62,"residual":1.56},{"year":2029,"yearIdx":3,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.81,"residual":1.49},{"year":2030,"yearIdx":4,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.99,"residual":1.42}],"totalOp":0.99,"totalCharter":0,"net5yr":-0.99,"residualY5":1.42,"netHoldCost":1.36,"netHoldCostPctOfAcq":76,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.79,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.16,"debt":0.63,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.63,"debt":1.16,"rateBps":700,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.5,"target":1.57,"ceiling":1.65,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 41% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Pacific Mariner, delivered in 2005 at 26m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2022-azimut-82-02-ft-yacht-for-sale","name":"Azimut Magellano 25M","builder":"Azimut","year":2022,"len":25,"price":4.74,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-azimut-82-02-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T22:46:24.515Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/63/40/2022-azimut-magellano-25-metri-power-9706340-20250506133101265-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092807631-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092807631-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092806296-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092805610-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092805623-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092807354-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092806176-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092807329-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092805529-6.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092806859-7.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092806079-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092807201-8.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092806820-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092804609-35.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092804305-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092805809-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092805866-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092804319-34.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092804653-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092806833-32.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092805543-36.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092807499-33.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092807576-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092223307-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/77/2026-azimut-magellano-25m-power-9863677-20250903092223527-17.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-0.31070056837255816,"est":4.7547731070684875,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":4.74,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-0.57,"residual":4.46},{"year":2027,"yearIdx":1,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-1.11,"residual":4.19},{"year":2028,"yearIdx":2,"opCost":0.5,"charterIncome":0,"netAnnual":-0.5,"cumulative":-1.61,"residual":3.94},{"year":2029,"yearIdx":3,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-2.08,"residual":3.7},{"year":2030,"yearIdx":4,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-2.52,"residual":3.48}],"totalOp":2.52,"totalCharter":0,"net5yr":-2.52,"residualY5":3.48,"netHoldCost":3.78,"netHoldCostPctOfAcq":79.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.74,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.61,"debt":2.13,"rateBps":625,"annualDebtCost":0.13,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$130K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.66,"debt":3.08,"rateBps":625,"annualDebtCost":0.19,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.12,"target":4.31,"ceiling":4.5,"baselineDiscountPct":9,"strategy":"Segment-typical pricing. Standard 9%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This modern-era Azimut, delivered in 2022 at 25m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2001-falcon-106-ft-yacht-for-sale","name":"Falcon 106","builder":"Falcon","year":2001,"len":32.3,"price":1.6,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2001-falcon-106-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T17:36:22.115Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20250411065724367-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20250411065724367-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130433845-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130434733-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130440788-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130441683-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130442584-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130443514-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130449463-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130450431-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130451317-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130452272-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130458029-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130458990-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130459870-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130500747-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130505721-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130506687-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130507582-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130508478-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130513351-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130514228-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130515123-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130515952-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130520883-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/50/47/2001-falcon-106-power-9755047-20251114130521791-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-63.74806039246121,"est":4.413556949839096,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 64% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.6,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.16,"residual":1.53},{"year":2027,"yearIdx":1,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.31,"residual":1.46},{"year":2028,"yearIdx":2,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.46,"residual":1.39},{"year":2029,"yearIdx":3,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.6,"residual":1.33},{"year":2030,"yearIdx":4,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.73,"residual":1.27}],"totalOp":0.73,"totalCharter":0,"net5yr":-0.73,"residualY5":1.27,"netHoldCost":1.06,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.6,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.04,"debt":0.56,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.56,"debt":1.04,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.34,"target":1.41,"ceiling":1.47,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 64% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Falcon, delivered in 2001 at 32m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2007-benetti-120-ft-yacht-for-sale","name":"Benetti 120 Classic","builder":"Benetti","year":2007,"len":36.6,"price":5.95,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2007-benetti-120-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T04:01:15.511Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011130853423-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011130853423-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011102641658-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103159121-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103159314-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103159516-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103200058-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103200305-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103200557-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103200733-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103201178-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103201402-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103201614-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103202287-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103202481-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103202693-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103520761-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103517370-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103517121-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103808321-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103808063-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103808550-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103517602-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103809411-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103808738-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/71/2007-benetti-120-classic-power-9976871-20251011103517838-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-28.98351211841105,"est":8.37833604207642,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 29% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":5.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-0.6,"residual":5.8},{"year":2027,"yearIdx":1,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-1.18,"residual":5.65},{"year":2028,"yearIdx":2,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-1.75,"residual":5.51},{"year":2029,"yearIdx":3,"opCost":0.55,"charterIncome":0,"netAnnual":-0.55,"cumulative":-2.3,"residual":5.37},{"year":2030,"yearIdx":4,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-2.84,"residual":5.24}],"totalOp":2.84,"totalCharter":0,"net5yr":-2.84,"residualY5":5.24,"netHoldCost":3.55,"netHoldCostPctOfAcq":59.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.87,"debt":2.08,"rateBps":700,"annualDebtCost":0.15,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.08,"debt":3.87,"rateBps":700,"annualDebtCost":0.27,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":5.12,"target":5.36,"ceiling":5.6,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 29% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Benetti, delivered in 2007 at 37m carries the full tier-A pedigree under proven systems. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2003-new-england-boatworks-96-ft-yacht-for-sale","name":"New England Boatworks Enclosed Raised Pilothouse","builder":"New England Boatworks","year":2003,"len":29.3,"price":1.78,"city":"Fort Pierce","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2003-new-england-boatworks-96-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T11:46:18.164Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114435588-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114435588-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114318119-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114320124-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114322172-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114324184-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114325690-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114327130-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114329179-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114331147-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114333147-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114335214-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114337165-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114339097-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114341223-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114343128-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114345100-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114347127-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114349251-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114350721-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114352176-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114354186-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114357250-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114358775-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114401283-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/48/2003-new-england-boatworks-enclosed-raised-pilothouse-power-9630048-20241206114403195-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-52.94177828875729,"est":3.7825483736346532,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 53% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.78,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.21,"residual":1.7},{"year":2027,"yearIdx":1,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.41,"residual":1.62},{"year":2028,"yearIdx":2,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.6,"residual":1.55},{"year":2029,"yearIdx":3,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.79,"residual":1.48},{"year":2030,"yearIdx":4,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.97,"residual":1.41}],"totalOp":0.97,"totalCharter":0,"net5yr":-0.97,"residualY5":1.41,"netHoldCost":1.34,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.78,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.16,"debt":0.62,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.62,"debt":1.16,"rateBps":700,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.49,"target":1.56,"ceiling":1.64,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (23y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 53% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage New England Boatworks, delivered in 2003 at 29m represents the classic-platform era with a documented owner timeline. Lying in Fort Pierce, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2002-hatteras-92-83-ft-yacht-for-sale","name":"Hatteras 92 Cockpit","builder":"Hatteras","year":2002,"len":30.1,"price":2.1,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2002-hatteras-92-83-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T11:46:20.674Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807080000087-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807080000087-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807080145958-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807080146643-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807080325838-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081006831-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081008566-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807080147524-5.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807080149235-6.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807080322328-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807080324055-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081009963-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081359739-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081357985-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081124377-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081233056-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081401475-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081457889-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081548579-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081550240-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081747695-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081629206-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081630869-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081712213-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081713883-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/23/81/2002-hatteras-92-cockpit-motor-yacht-power-9902381-20250807081459346-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-44.25925675086616,"est":3.7674416909262005,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 44% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.1,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.21,"residual":2.01},{"year":2027,"yearIdx":1,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.41,"residual":1.92},{"year":2028,"yearIdx":2,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.6,"residual":1.83},{"year":2029,"yearIdx":3,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.78,"residual":1.75},{"year":2030,"yearIdx":4,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.96,"residual":1.67}],"totalOp":0.96,"totalCharter":0,"net5yr":-0.96,"residualY5":1.67,"netHoldCost":1.39,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.1,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.37,"debt":0.73,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.73,"debt":1.37,"rateBps":700,"annualDebtCost":0.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.76,"target":1.85,"ceiling":1.93,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (24y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 44% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hatteras, delivered in 2002 at 30m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2002-president-100-ft-yacht-for-sale","name":"President 100","builder":"President","year":2002,"len":30.5,"price":1.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2002-president-100-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T09:10:51.621Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125354036-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125354036-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125405901-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125406899-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125407896-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125408900-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125409898-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125410883-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125411917-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125412890-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125413897-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125414919-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125416065-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125416948-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125417991-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125419964-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125420977-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125421928-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125422908-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125423905-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125424948-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125425917-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125426962-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125427918-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125429001-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/22/76/2002-president-100-motor-yacht-power-8252276-20240528125429984-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-62.57094017705456,"est":4.007581294041596,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 63% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.15,"residual":1.43},{"year":2027,"yearIdx":1,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.29,"residual":1.37},{"year":2028,"yearIdx":2,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.43,"residual":1.31},{"year":2029,"yearIdx":3,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.56,"residual":1.25},{"year":2030,"yearIdx":4,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.69,"residual":1.19}],"totalOp":0.69,"totalCharter":0,"net5yr":-0.69,"residualY5":1.19,"netHoldCost":1,"netHoldCostPctOfAcq":66.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.98,"debt":0.52,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.52,"debt":0.98,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.26,"target":1.32,"ceiling":1.38,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (24y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 63% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage President, delivered in 2002 at 31m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2009-hargrave-114-ft-yacht-for-sale","name":"Hargrave Raised Pilothouse","builder":"Hargrave","year":2009,"len":34.7,"price":3,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2009-hargrave-114-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T12:25:52.347Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095100737-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095100737-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095119818-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095122551-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095124221-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095125846-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095133155-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095135832-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095137516-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095139558-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095146494-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095148190-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095149770-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095151344-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095158587-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095201219-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095202741-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095204432-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095212820-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095214388-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095216003-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095217462-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095221713-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095223186-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095224660-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/11/2009-hargrave-raised-pilothouse-power-9946211-20250913095226046-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-55.403606861014254,"est":6.727001420609121,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 55% under model","tone":"strong-buy"},"cashflow":{"acquisition":3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.3,"residual":2.86},{"year":2027,"yearIdx":1,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.59,"residual":2.73},{"year":2028,"yearIdx":2,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.86,"residual":2.61},{"year":2029,"yearIdx":3,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-1.12,"residual":2.49},{"year":2030,"yearIdx":4,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.37,"residual":2.38}],"totalOp":1.37,"totalCharter":0,"net5yr":-1.37,"residualY5":2.38,"netHoldCost":1.99,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.65,"debt":1.35,"rateBps":700,"annualDebtCost":0.09,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.05,"debt":1.95,"rateBps":700,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.52,"target":2.64,"ceiling":2.76,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 55% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hargrave, delivered in 2009 at 35m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2025-breaux-brothers-120-ft-yacht-for-sale","name":"Breaux Brothers 120 GLV","builder":"Breaux Brothers","year":2025,"len":36.6,"price":15,"city":"Apalachicola","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2025-breaux-brothers-120-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T05:00:57.638Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070552670-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070552670-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070717202-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070717434-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070717634-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070717848-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070809899-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070810185-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070810468-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070810647-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070848274-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070848572-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070848858-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070849189-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070922836-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070923064-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070923313-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070923596-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070952310-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070952597-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070952908-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316070953255-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316071002935-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316071003206-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316071003509-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/47/69/2025-breaux-brothers-120-glv-power-10114769-20260316071003828-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":10.886446832605346,"est":13.527352015024942,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 11% over model","tone":"premium"},"cashflow":{"acquisition":15,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.5,"charterIncome":0,"netAnnual":-1.5,"cumulative":-1.5,"residual":13.65},{"year":2027,"yearIdx":1,"opCost":1.37,"charterIncome":0,"netAnnual":-1.37,"cumulative":-2.87,"residual":12.42},{"year":2028,"yearIdx":2,"opCost":1.24,"charterIncome":0,"netAnnual":-1.24,"cumulative":-4.11,"residual":11.67},{"year":2029,"yearIdx":3,"opCost":1.17,"charterIncome":0,"netAnnual":-1.17,"cumulative":-5.28,"residual":10.97},{"year":2030,"yearIdx":4,"opCost":1.1,"charterIncome":0,"netAnnual":-1.1,"cumulative":-6.38,"residual":10.31}],"totalOp":6.38,"totalCharter":0,"net5yr":-6.38,"residualY5":10.31,"netHoldCost":11.07,"netHoldCostPctOfAcq":73.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 74% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":15,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":8.25,"debt":6.75,"rateBps":625,"annualDebtCost":0.42,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$420K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.25,"debt":9.75,"rateBps":625,"annualDebtCost":0.61,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":12.7,"target":13.3,"ceiling":13.9,"baselineDiscountPct":11.4,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 11% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Breaux Brothers, delivered in 2025 at 37m is barely campaigned and reflects current build standards. Lying in Apalachicola, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1985-burger-94-ft-yacht-for-sale","name":"Burger 1985","builder":"Burger","year":1985,"len":28.7,"price":1.45,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1985-burger-94-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T01:46:23.181Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260428121116346-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260428121116346-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081720269-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081721090-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081645217-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081644429-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081646038-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081646796-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081648451-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081642729-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081653215-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081652477-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081650040-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081650760-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081656291-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081653998-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081654751-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081705997-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081706735-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081714855-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081708486-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081709384-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081657837-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081657048-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081700168-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/6/1985-burger-1985-power-10136206-20260407081701021-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-42.67452536717393,"est":2.529416475462886,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 43% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.45,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.17,"residual":1.38},{"year":2027,"yearIdx":1,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.34,"residual":1.32},{"year":2028,"yearIdx":2,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.5,"residual":1.26},{"year":2029,"yearIdx":3,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.65,"residual":1.2},{"year":2030,"yearIdx":4,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.79,"residual":1.15}],"totalOp":0.79,"totalCharter":0,"net5yr":-0.79,"residualY5":1.15,"netHoldCost":1.09,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.45,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.94,"debt":0.51,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.51,"debt":0.94,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.22,"target":1.27,"ceiling":1.33,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (41y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 43% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Burger, delivered in 1985 at 29m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2008-lazzara-116-ft-yacht-for-sale","name":"Lazzara","builder":"Lazzara","year":2008,"len":35.4,"price":4.29,"city":"Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2008-lazzara-116-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T22:16:45.248Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075153485-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075153485-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075426369-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075426539-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075426750-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075426887-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075427686-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075427872-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075428024-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075428164-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075429058-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075429274-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075429413-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075429562-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075430585-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075430729-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075430882-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075431042-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075431793-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075431980-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075432155-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075432308-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075433050-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075433204-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075433336-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/99/3/2008-lazzara-motor-yacht-power-9969903-20251021075433502-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-39.43648751159111,"est":7.083472909238964,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 39% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.29,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-0.43,"residual":4.1},{"year":2027,"yearIdx":1,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-0.84,"residual":3.92},{"year":2028,"yearIdx":2,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-1.23,"residual":3.74},{"year":2029,"yearIdx":3,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-1.6,"residual":3.57},{"year":2030,"yearIdx":4,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.96,"residual":3.41}],"totalOp":1.96,"totalCharter":0,"net5yr":-1.96,"residualY5":3.41,"netHoldCost":2.84,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.29,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.79,"debt":1.5,"rateBps":700,"annualDebtCost":0.1,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.5,"debt":2.79,"rateBps":700,"annualDebtCost":0.2,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.6,"target":3.77,"ceiling":3.94,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 39% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Lazzara, delivered in 2008 at 35m represents the classic-platform era with a documented owner timeline. Lying in Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2007-hargrave-93-ft-yacht-for-sale-2","name":"Hargrave 93' (28.35)","builder":"Hargrave","year":2007,"len":28.3,"price":3,"city":"Grand Haven","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2007-hargrave-93-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T04:06:23.175Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806083631222-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806083631222-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073801073-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073806062-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073744968-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073743969-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073745942-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073733938-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073741956-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073737016-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073738920-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073739974-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073734987-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073723165-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073731948-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073729951-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073730972-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073727953-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073728893-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073732931-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073746956-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073747988-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073750028-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073752016-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073753039-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/88/2007-hargrave-93-2835-power-9495488-20240806073755033-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-24.704181426857524,"est":3.984284993310479,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 25% under model","tone":"strong-buy"},"cashflow":{"acquisition":3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.36,"residual":2.86},{"year":2027,"yearIdx":1,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.7,"residual":2.73},{"year":2028,"yearIdx":2,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.03,"residual":2.61},{"year":2029,"yearIdx":3,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-1.34,"residual":2.49},{"year":2030,"yearIdx":4,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.64,"residual":2.38}],"totalOp":1.64,"totalCharter":0,"net5yr":-1.64,"residualY5":2.38,"netHoldCost":2.26,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.95,"debt":1.05,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.05,"debt":1.95,"rateBps":700,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.52,"target":2.64,"ceiling":2.76,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 25% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hargrave, delivered in 2007 at 28m represents the classic-platform era with a documented owner timeline. Lying in Grand Haven, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2024-horizon-100-ft-yacht-for-sale","name":"Horizon FD100","builder":"Horizon","year":2024,"len":30.5,"price":12.9,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2024-horizon-100-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T01:38:23.264Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230726_0.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230726_0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230728_8.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230728_9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230728_10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230728_11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230728_12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230728_13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230729_14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230729_15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230729_16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230729_17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230729_18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/56/8813456_0_170420230729_19.jpg"],"_priv":{"estimate":{"delta":66.12933480590166,"est":7.765034402305772,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 66% over model","tone":"premium"},"cashflow":{"acquisition":12.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.29,"charterIncome":0,"netAnnual":-1.29,"cumulative":-1.29,"residual":11.74},{"year":2027,"yearIdx":1,"opCost":1.17,"charterIncome":0,"netAnnual":-1.17,"cumulative":-2.46,"residual":11.04},{"year":2028,"yearIdx":2,"opCost":1.1,"charterIncome":0,"netAnnual":-1.1,"cumulative":-3.56,"residual":10.38},{"year":2029,"yearIdx":3,"opCost":1.04,"charterIncome":0,"netAnnual":-1.04,"cumulative":-4.6,"residual":9.76},{"year":2030,"yearIdx":4,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-5.58,"residual":9.17}],"totalOp":5.58,"totalCharter":0,"net5yr":-5.58,"residualY5":9.17,"netHoldCost":9.31,"netHoldCostPctOfAcq":72.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 72% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":12.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":7.09,"debt":5.81,"rateBps":625,"annualDebtCost":0.36,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$360K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.51,"debt":8.39,"rateBps":625,"annualDebtCost":0.52,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.26,"target":8.77,"ceiling":9.29,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 66% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Horizon, delivered in 2024 at 31m is barely campaigned and reflects current build standards. Lying in Usa.","v":3}},{"id":"allied-2004-lazzara-80-ft-yacht-for-sale","name":"Lazzara Skylounge","builder":"Lazzara","year":2004,"len":24.4,"price":1.4,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2004-lazzara-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T01:38:24.323Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/94/15/8729415_20230306064321431_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/94/15/8729415_20230306064321431_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306064321431_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306064324907_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306064329218_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306064333128_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306064337380_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306064341189_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306064345094_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306064349041_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306065619803_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306065624892_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306065613949_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/15/8729415_20230306065556127_1_XLARGE.jpg"],"_priv":{"estimate":{"delta":-45.91909646980783,"est":2.5887141460541816,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 46% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.17,"residual":1.34},{"year":2027,"yearIdx":1,"opCost":0.16,"charterIncome":0,"netAnnual":-0.16,"cumulative":-0.33,"residual":1.28},{"year":2028,"yearIdx":2,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.48,"residual":1.22},{"year":2029,"yearIdx":3,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.63,"residual":1.17},{"year":2030,"yearIdx":4,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.77,"residual":1.12}],"totalOp":0.77,"totalCharter":0,"net5yr":-0.77,"residualY5":1.12,"netHoldCost":1.05,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.91,"debt":0.49,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.49,"debt":0.91,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.17,"target":1.23,"ceiling":1.29,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 46% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Lazzara, delivered in 2004 at 24m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-2022-marlow-102-ft-yacht-for-sale","name":"Marlow Voyager 100 Series","builder":"Marlow","year":2022,"len":31.1,"price":9.49,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-marlow-102-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T03:20:48.644Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251109094950585-0.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251109094950585-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120334635-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120346260-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120343615-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120329215-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120329454-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120337236-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120337562-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120336632-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120336919-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120346531-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120343970-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120331019-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120328657-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120331251-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120331462-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120331676-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120317042-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120316756-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120317311-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120317626-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120318999-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120315304-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120315579-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/40/2022-marlow-voyager-series-power-9997940-20251031120319206-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":14.644258737425602,"est":8.277780417888463,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 15% over model","tone":"premium"},"cashflow":{"acquisition":9.49,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.95,"charterIncome":0,"netAnnual":-0.95,"cumulative":-0.95,"residual":8.92},{"year":2027,"yearIdx":1,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-1.84,"residual":8.38},{"year":2028,"yearIdx":2,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-2.68,"residual":7.88},{"year":2029,"yearIdx":3,"opCost":0.79,"charterIncome":0,"netAnnual":-0.79,"cumulative":-3.47,"residual":7.41},{"year":2030,"yearIdx":4,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-4.21,"residual":6.97}],"totalOp":4.21,"totalCharter":0,"net5yr":-4.21,"residualY5":6.97,"netHoldCost":6.73,"netHoldCostPctOfAcq":70.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.49,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.22,"debt":4.27,"rateBps":625,"annualDebtCost":0.27,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$270K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.32,"debt":6.17,"rateBps":625,"annualDebtCost":0.39,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.89,"target":8.27,"ceiling":8.65,"baselineDiscountPct":12.9,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 15% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Marlow, delivered in 2022 at 31m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2012-azimut-105-ft-yacht-for-sale","name":"Azimut Grande 105","builder":"Azimut","year":2012,"len":32,"price":5.28,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2012-azimut-105-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T17:36:04.473Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141033979-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141033979-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141045009-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141055648-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141106525-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141117367-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141127579-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141138470-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141149279-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141231730-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141242746-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141252825-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141312868-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141401715-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141412399-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141424078-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141454074-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141503919-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141515008-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141525302-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141535137-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141614014-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141634629-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141645106-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141654996-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/94/57/2012-azimut-grande-105-power-9679457-20250505141705351-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-11.787908340456086,"est":5.985573973665936,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 12% under model","tone":"value"},"cashflow":{"acquisition":5.28,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.53,"charterIncome":0,"netAnnual":-0.53,"cumulative":-0.53,"residual":5.04},{"year":2027,"yearIdx":1,"opCost":0.5,"charterIncome":0,"netAnnual":-0.5,"cumulative":-1.03,"residual":4.81},{"year":2028,"yearIdx":2,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-1.51,"residual":4.59},{"year":2029,"yearIdx":3,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-1.97,"residual":4.38},{"year":2030,"yearIdx":4,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-2.41,"residual":4.18}],"totalOp":2.41,"totalCharter":0,"net5yr":-2.41,"residualY5":4.18,"netHoldCost":3.51,"netHoldCostPctOfAcq":66.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.28,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.9,"debt":2.38,"rateBps":625,"annualDebtCost":0.15,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.85,"debt":3.43,"rateBps":625,"annualDebtCost":0.21,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.43,"target":4.64,"ceiling":4.85,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 12% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Azimut, delivered in 2012 at 32m represents the classic-platform era with a documented owner timeline. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1985-sterling-yachts-155-ft-yacht-for-sale","name":"Sterling Yachts 155","builder":"Sterling Yachts","year":1985,"len":47.2,"price":1.4,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1985-sterling-yachts-155-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T01:40:01.322Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164139881-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164139881-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401165621679-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401165621791-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164140903-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164141101-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164141304-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164141463-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164141993-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164142206-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164142366-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164142563-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164143065-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/55/70/1985-sterling-yachts-155-motor-yacht-power-10135570-20260401164143258-2.jpg"],"_priv":{"estimate":{"delta":-80.0272366078046,"est":7.009545812509186,"label":"Under","cls":"u"},"listing":{"score":68,"tone":"anomalous","label":"1 inconsistency flagged · 2 field gaps","gaps":["No engine hours","No broker identified","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 80% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.14,"residual":1.34},{"year":2027,"yearIdx":1,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.27,"residual":1.28},{"year":2028,"yearIdx":2,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.4,"residual":1.22},{"year":2029,"yearIdx":3,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.52,"residual":1.17},{"year":2030,"yearIdx":4,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.64,"residual":1.12}],"totalOp":0.64,"totalCharter":0,"net5yr":-0.64,"residualY5":1.12,"netHoldCost":0.92,"netHoldCostPctOfAcq":65.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.91,"debt":0.49,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.49,"debt":0.91,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.17,"target":1.23,"ceiling":1.29,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (41y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 80% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sterling Yachts, delivered in 1985 at 47m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-1999-palmer-johnson-100-ft-yacht-for-sale-2","name":"Palmer Johnson","builder":"Palmer Johnson","year":1999,"len":30.5,"price":2.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1999-palmer-johnson-100-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-15T05:46:10.337Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093552386_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093552386_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093614479_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093617350_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093619344_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093621244_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093623306_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093625361_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093627953_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093631474_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093635082_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093638554_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093640570_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093642662_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093644627_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093646568_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093648612_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093650565_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093652652_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093654737_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093656732_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093658754_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093700757_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093702850_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093704716_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/54/83/8185483_20220117093706724_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-40.603272751976334,"est":4.208986110565854,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 41% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.25,"residual":2.39},{"year":2027,"yearIdx":1,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.49,"residual":2.28},{"year":2028,"yearIdx":2,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.72,"residual":2.18},{"year":2029,"yearIdx":3,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.94,"residual":2.08},{"year":2030,"yearIdx":4,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-1.15,"residual":1.99}],"totalOp":1.15,"totalCharter":0,"net5yr":-1.15,"residualY5":1.99,"netHoldCost":1.66,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.62,"debt":0.88,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.88,"debt":1.62,"rateBps":700,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.1,"target":2.2,"ceiling":2.3,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Palmer Johnson is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (27y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 41% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Palmer Johnson, delivered in 1999 at 31m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2012-sunseeker-88-ft-yacht-for-sale-2","name":"Sunseeker 88","builder":"Sunseeker","year":2012,"len":26.8,"price":2.3,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2012-sunseeker-88-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-13T08:46:13.208Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082803048-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082803048-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082805269-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082805431-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082805597-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082805781-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082806240-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082806367-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082806535-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082806675-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082807178-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082807318-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082807450-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082807574-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082807968-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082808123-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082808280-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082808461-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082809167-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082809297-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082809540-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082809680-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082810152-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082810284-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082810412-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/83/2012-sunseeker-88-yacht-power-10132483-20260409082810529-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-46.23892430384125,"est":4.278188206275671,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 46% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-0.28,"residual":2.2},{"year":2027,"yearIdx":1,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.54,"residual":2.1},{"year":2028,"yearIdx":2,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.79,"residual":2.01},{"year":2029,"yearIdx":3,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.03,"residual":1.92},{"year":2030,"yearIdx":4,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-1.26,"residual":1.83}],"totalOp":1.26,"totalCharter":0,"net5yr":-1.26,"residualY5":1.83,"netHoldCost":1.73,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.27,"debt":1.03,"rateBps":625,"annualDebtCost":0.06,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.8,"debt":1.5,"rateBps":625,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":1.93,"target":2.02,"ceiling":2.11,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 46% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sunseeker, delivered in 2012 at 27m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2002-destiny-104-ft-yacht-for-sale","name":"Destiny 104 Raised Pilothouse","builder":"Destiny","year":2002,"len":31.7,"price":1.5,"city":"Marina del Rey","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2002-destiny-104-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T23:15:17.679Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146844-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146844-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146647-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146792-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146656-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146575-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146718-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146585-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146490-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146464-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146757-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146726-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146869-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146399-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146684-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146455-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146356-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146593-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146427-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146472-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146375-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146825-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146861-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146520-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146611-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/94/2002-destiny-104-raised-pilothouse-power-10127894-20260325145146916-32.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-65.68371889050252,"est":4.371103020207092,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 66% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.15,"residual":1.43},{"year":2027,"yearIdx":1,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.29,"residual":1.37},{"year":2028,"yearIdx":2,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.43,"residual":1.31},{"year":2029,"yearIdx":3,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.56,"residual":1.25},{"year":2030,"yearIdx":4,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.69,"residual":1.19}],"totalOp":0.69,"totalCharter":0,"net5yr":-0.69,"residualY5":1.19,"netHoldCost":1,"netHoldCostPctOfAcq":66.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.98,"debt":0.52,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.52,"debt":0.98,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.26,"target":1.32,"ceiling":1.38,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (24y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 66% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Destiny, delivered in 2002 at 32m represents the classic-platform era with a documented owner timeline. Lying in Marina Del Rey, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1989-delta-marine-132-ft-yacht-for-sale","name":"Delta Marine Flybridge","builder":"Delta Marine","year":1989,"len":40.2,"price":6.97,"city":"Seattle","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1989-delta-marine-132-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T23:15:29.161Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851194-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851194-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851175-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850914-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851237-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851203-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850713-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850824-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851228-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851109-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850995-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850748-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850925-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850667-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850987-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850934-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851281-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851117-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850977-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851074-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851102-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260504104609170-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850852-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851020-32.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135851002-33.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/24/1989-delta-marine-flybridge-motoryacht-power-10127924-20260430135850786-34.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":23.159447368470687,"est":5.659330363140577,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":6.97,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-0.7,"residual":6.66},{"year":2027,"yearIdx":1,"opCost":0.67,"charterIncome":0,"netAnnual":-0.67,"cumulative":-1.37,"residual":6.36},{"year":2028,"yearIdx":2,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-2.01,"residual":6.07},{"year":2029,"yearIdx":3,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-2.62,"residual":5.8},{"year":2030,"yearIdx":4,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-3.2,"residual":5.54}],"totalOp":3.2,"totalCharter":0,"net5yr":-3.2,"residualY5":5.54,"netHoldCost":4.63,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.97,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.53,"debt":2.44,"rateBps":700,"annualDebtCost":0.17,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.44,"debt":4.53,"rateBps":700,"annualDebtCost":0.32,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":4.52,"target":4.8,"ceiling":5.08,"baselineDiscountPct":31.1,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Delta Marine is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (37y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 23% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Delta Marine, delivered in 1989 at 40m represents the classic-platform era with a documented owner timeline. Lying in Seattle, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2022-benetti-121-08-ft-yacht-for-sale","name":"Benetti Motopanfilo","builder":"Benetti","year":2022,"len":37.1,"price":17.45,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-benetti-121-08-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T06:01:05.532Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084214248-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084214248-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084214248-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084214424-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084214615-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084214730-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084218574-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084218801-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084218974-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084219144-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084222764-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084222899-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084223067-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084223187-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084226193-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084226318-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084226440-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084226590-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084229568-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084229698-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084229820-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084229944-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084232792-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084232922-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/0/62/2022-benetti-motopanfilo-power-10060062-20260120084233110-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":24.024978713919765,"est":14.069746417978239,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · iconic Benetti, near-new","tone":"premium"},"cashflow":{"acquisition":17.45,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.75,"charterIncome":0,"netAnnual":-1.75,"cumulative":-1.75,"residual":16.84},{"year":2027,"yearIdx":1,"opCost":1.68,"charterIncome":0,"netAnnual":-1.68,"cumulative":-3.43,"residual":16.25},{"year":2028,"yearIdx":2,"opCost":1.63,"charterIncome":0,"netAnnual":-1.63,"cumulative":-5.06,"residual":15.68},{"year":2029,"yearIdx":3,"opCost":1.57,"charterIncome":0,"netAnnual":-1.57,"cumulative":-6.63,"residual":15.13},{"year":2030,"yearIdx":4,"opCost":1.51,"charterIncome":0,"netAnnual":-1.51,"cumulative":-8.14,"residual":14.6}],"totalOp":8.14,"totalCharter":0,"net5yr":-8.14,"residualY5":14.6,"netHoldCost":10.99,"netHoldCostPctOfAcq":63,"verdict":"Private use, no charter income modelled. Effective hold cost: 63% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":17.45,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":9.6,"debt":7.85,"rateBps":625,"annualDebtCost":0.49,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$490K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.11,"debt":11.34,"rateBps":625,"annualDebtCost":0.71,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":13.87,"target":14.57,"ceiling":15.27,"baselineDiscountPct":16.5,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Benetti — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 24% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Benetti, delivered in 2022 at 37m carries the full tier-A pedigree and remains in its first-decade window. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2001-trinity-yachts-145-ft-yacht-for-sale","name":"Trinity Yachts Tri-Deck MY","builder":"Trinity Yachts","year":2001,"len":44.2,"price":9.95,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2001-trinity-yachts-145-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T01:42:07.771Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/6/44/2001-trinity-yachts-tri-deck-my-power-10060644-20260203112357014-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/6/44/2001-trinity-yachts-tri-deck-my-power-10060644-20260203112357014-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-yachts-tri-deck-my-power-10060644-20260203112357014-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-tri-deck-my-power-10060644-20260120101811786-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-tri-deck-my-power-10060644-20260120102243013-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-tri-deck-my-power-10060644-20260120102243366-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-tri-deck-my-power-10060644-20260120102243718-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-tri-deck-my-power-10060644-20260120102654530-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-tri-deck-my-power-10060644-20260120102655943-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-tri-deck-my-power-10060644-20260120102654815-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-tri-deck-my-power-10060644-20260120102655072-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-tri-deck-my-power-10060644-20260120103233067-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/44/2001-trinity-tri-deck-my-power-10060644-20260120102656217-2.jpg"],"_priv":{"estimate":{"delta":-3.867367490484861,"est":10.350283499221927,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":null,"cashflow":{"acquisition":9.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.99,"charterIncome":0,"netAnnual":-0.99,"cumulative":-0.99,"residual":9.5},{"year":2027,"yearIdx":1,"opCost":0.95,"charterIncome":0,"netAnnual":-0.95,"cumulative":-1.94,"residual":9.07},{"year":2028,"yearIdx":2,"opCost":0.91,"charterIncome":0,"netAnnual":-0.91,"cumulative":-2.85,"residual":8.66},{"year":2029,"yearIdx":3,"opCost":0.87,"charterIncome":0,"netAnnual":-0.87,"cumulative":-3.72,"residual":8.27},{"year":2030,"yearIdx":4,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-4.55,"residual":7.9}],"totalOp":4.55,"totalCharter":0,"net5yr":-4.55,"residualY5":7.9,"netHoldCost":6.6,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":6.47,"debt":3.48,"rateBps":700,"annualDebtCost":0.24,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$240K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.48,"debt":6.47,"rateBps":700,"annualDebtCost":0.45,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":7.91,"target":8.31,"ceiling":8.71,"baselineDiscountPct":16.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Trinity Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Trinity Yachts, delivered in 2001 at 44m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-2010-westport-142-ft-yacht-for-sale","name":"Westport Superyacht","builder":"Westport","year":2010,"len":43.3,"price":19.5,"city":"","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2010-westport-142-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T01:42:09.974Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260324064104823-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260324064104823-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260324064104823-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260305112252097-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260305112252272-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260305112252451-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260305112252614-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260306051733567-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260305112253304-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260305112253495-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260305112253676-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260305112254196-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/51/2010-westport-superyacht-power-10060651-20260305112254375-2.jpg"],"_priv":{"estimate":{"delta":58.80180493211562,"est":12.279457408142076,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":19.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.95,"charterIncome":0,"netAnnual":-1.95,"cumulative":-1.95,"residual":18.62},{"year":2027,"yearIdx":1,"opCost":1.86,"charterIncome":0,"netAnnual":-1.86,"cumulative":-3.81,"residual":17.78},{"year":2028,"yearIdx":2,"opCost":1.78,"charterIncome":0,"netAnnual":-1.78,"cumulative":-5.59,"residual":16.98},{"year":2029,"yearIdx":3,"opCost":1.7,"charterIncome":0,"netAnnual":-1.7,"cumulative":-7.29,"residual":16.22},{"year":2030,"yearIdx":4,"opCost":1.62,"charterIncome":0,"netAnnual":-1.62,"cumulative":-8.91,"residual":15.49}],"totalOp":8.91,"totalCharter":0,"net5yr":-8.91,"residualY5":15.49,"netHoldCost":12.92,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":19.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":10.72,"debt":8.78,"rateBps":700,"annualDebtCost":0.61,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$610K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.82,"debt":12.68,"rateBps":700,"annualDebtCost":0.89,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":12.48,"target":13.26,"ceiling":14.04,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 59% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Westport, delivered in 2010 at 43m represents the classic-platform era with a documented owner timeline. Lying in Usa.","v":3}},{"id":"allied-2020-horizon-80-ft-yacht-for-sale","name":"Horizon FD80","builder":"Horizon","year":2020,"len":24.4,"price":5.5,"city":"Jupiter","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2020-horizon-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T02:26:18.393Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054251853-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054251853-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054253335-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054253527-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054253659-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054253798-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054254398-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054254589-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054254719-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054254926-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054255419-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054255595-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054255763-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054255893-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054256367-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054256501-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054256643-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054256783-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054257188-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054257321-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054257445-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054257599-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054258180-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054258308-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054258424-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/39/2020-horizon-fd80-power-10107039-20260325054258545-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":33.28012929021853,"est":4.126646657149999,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 33% over model","tone":"premium"},"cashflow":{"acquisition":5.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-0.66,"residual":5.17},{"year":2027,"yearIdx":1,"opCost":0.62,"charterIncome":0,"netAnnual":-0.62,"cumulative":-1.28,"residual":4.86},{"year":2028,"yearIdx":2,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-1.86,"residual":4.57},{"year":2029,"yearIdx":3,"opCost":0.55,"charterIncome":0,"netAnnual":-0.55,"cumulative":-2.41,"residual":4.3},{"year":2030,"yearIdx":4,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-2.93,"residual":4.04}],"totalOp":2.93,"totalCharter":0,"net5yr":-2.93,"residualY5":4.04,"netHoldCost":4.39,"netHoldCostPctOfAcq":79.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.02,"debt":2.48,"rateBps":625,"annualDebtCost":0.15,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.92,"debt":3.58,"rateBps":625,"annualDebtCost":0.22,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":3.73,"target":3.95,"ceiling":4.17,"baselineDiscountPct":28.1,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 33% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Horizon, delivered in 2020 at 24m has settled into its proven-hull period with full systems history. Lying in Jupiter, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2001-horizon-92-ft-yacht-for-sale","name":"Horizon 92 Cockpit Skylounge","builder":"Horizon","year":2001,"len":28,"price":1.7,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2001-horizon-92-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T00:46:25.137Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074657265-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074657265-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074711533-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074712731-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074715520-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074716824-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074718101-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074719317-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074722043-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074723282-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074724477-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074725751-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074728770-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074730020-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074731347-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074732652-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074736953-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074738339-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074739585-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074740873-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074744320-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074745709-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074746964-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074748227-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074751385-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/71/54/horizon-92-power-10127154-20260325074752648-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-43.92860163290425,"est":3.031848766942126,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 44% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.7,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.2,"residual":1.62},{"year":2027,"yearIdx":1,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.39,"residual":1.55},{"year":2028,"yearIdx":2,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.58,"residual":1.48},{"year":2029,"yearIdx":3,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.76,"residual":1.41},{"year":2030,"yearIdx":4,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.93,"residual":1.35}],"totalOp":0.93,"totalCharter":0,"net5yr":-0.93,"residualY5":1.35,"netHoldCost":1.28,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.7,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.11,"debt":0.59,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.59,"debt":1.11,"rateBps":700,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.43,"target":1.49,"ceiling":1.56,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 44% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Horizon, delivered in 2001 at 28m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2023-ocean-alexander-88-ft-yacht-for-sale","name":"Ocean Alexander 27R","builder":"Ocean Alexander","year":2023,"len":26.8,"price":7.5,"city":"Naples","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2023-ocean-alexander-88-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T14:16:07.039Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260508083930809-76.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260508083930809-76.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124323884-24.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124334712-25.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124334590-26.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124334530-27.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124334788-28.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124334646-29.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124334731-30.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124346897-31.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124346739-32.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124359890-37.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124400112-38.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124359804-39.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124408637-40.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124408409-41.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124421202-42.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124421517-43.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124408621-44.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124421414-45.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124421553-47.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124434803-50.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124447623-51.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124434686-52.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124434848-53.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/76/2023-ocean-alexander-27r-power-10175976-20260507124434645-54.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":30.5775620880077,"est":5.743712686981467,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 31% over model","tone":"premium"},"cashflow":{"acquisition":7.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-0.9,"residual":7.05},{"year":2027,"yearIdx":1,"opCost":0.85,"charterIncome":0,"netAnnual":-0.85,"cumulative":-1.75,"residual":6.63},{"year":2028,"yearIdx":2,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-2.55,"residual":6.23},{"year":2029,"yearIdx":3,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-3.3,"residual":5.86},{"year":2030,"yearIdx":4,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-4,"residual":5.51}],"totalOp":4,"totalCharter":0,"net5yr":-4,"residualY5":5.51,"netHoldCost":5.99,"netHoldCostPctOfAcq":79.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.12,"debt":3.38,"rateBps":625,"annualDebtCost":0.21,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$210K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.63,"debt":4.87,"rateBps":625,"annualDebtCost":0.3,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.57,"target":5.87,"ceiling":6.17,"baselineDiscountPct":21.8,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 31% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Ocean Alexander, delivered in 2023 at 27m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Naples, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2024-sunseeker-100-ft-yacht-for-sale","name":"Sunseeker 100","builder":"Sunseeker","year":2024,"len":30.5,"price":14.39,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2024-sunseeker-100-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T14:16:08.854Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093149730-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093149730-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093152904-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093153160-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093153330-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093153534-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093154085-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093154297-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093154458-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093154770-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093155294-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093155468-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093155630-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093155814-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093156393-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093156607-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093156794-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093157001-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093157614-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093157810-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093158012-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093158251-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093158846-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093159071-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093159256-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/99/2024-sunseeker-100-yacht-power-10175999-20260507093159471-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":70.18992367277586,"est":8.455259682510729,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 70% over model","tone":"premium"},"cashflow":{"acquisition":14.39,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.44,"charterIncome":0,"netAnnual":-1.44,"cumulative":-1.44,"residual":13.09},{"year":2027,"yearIdx":1,"opCost":1.31,"charterIncome":0,"netAnnual":-1.31,"cumulative":-2.75,"residual":12.3},{"year":2028,"yearIdx":2,"opCost":1.23,"charterIncome":0,"netAnnual":-1.23,"cumulative":-3.98,"residual":11.56},{"year":2029,"yearIdx":3,"opCost":1.16,"charterIncome":0,"netAnnual":-1.16,"cumulative":-5.14,"residual":10.87},{"year":2030,"yearIdx":4,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-6.23,"residual":10.22}],"totalOp":6.23,"totalCharter":0,"net5yr":-6.23,"residualY5":10.22,"netHoldCost":10.4,"netHoldCostPctOfAcq":72.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 72% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":14.39,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":7.91,"debt":6.48,"rateBps":625,"annualDebtCost":0.41,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$410K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.04,"debt":9.35,"rateBps":625,"annualDebtCost":0.58,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":9.21,"target":9.79,"ceiling":10.36,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 70% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Sunseeker, delivered in 2024 at 31m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2005-sanlorenzo-82-ft-yacht-for-sale","name":"Sanlorenzo SL82","builder":"Sanlorenzo","year":2005,"len":25,"price":1.15,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-sanlorenzo-82-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T15:16:04.083Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20250212130402222-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20250212130402222-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016072816508-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016072831162-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016072837832-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016072843645-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016072849990-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016072855844-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073634391-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073648208-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073702622-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073709530-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073723449-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073730780-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073739058-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073746702-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073753763-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073800743-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073807995-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073816076-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073823859-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073830606-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073837915-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016073844747-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016075857450-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/66/2005-sanlorenzo-sl82-power-9584066-20241016075912339-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-66.07108713160508,"est":3.38943957462084,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 66% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":1.15,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.14,"residual":1.12},{"year":2027,"yearIdx":1,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.27,"residual":1.09},{"year":2028,"yearIdx":2,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.4,"residual":1.06},{"year":2029,"yearIdx":3,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.53,"residual":1.03},{"year":2030,"yearIdx":4,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.65,"residual":1}],"totalOp":0.65,"totalCharter":0,"net5yr":-0.65,"residualY5":1,"netHoldCost":0.8,"netHoldCostPctOfAcq":69.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 70% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.15,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.75,"debt":0.4,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.4,"debt":0.75,"rateBps":700,"annualDebtCost":0.05,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":0.99,"target":1.04,"ceiling":1.08,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Sanlorenzo — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 66% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sanlorenzo, delivered in 2005 at 25m carries the full tier-A pedigree under proven systems. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2021-okean-80-ft-yacht-for-sale","name":"OKEAN 80","builder":"Okean","year":2021,"len":24.4,"price":3.4,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2021-okean-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T02:26:14.852Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051136356-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051136356-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051145606-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051146372-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051147458-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051149104-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051152579-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051154108-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051155501-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051156896-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051159838-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051201245-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051202647-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051204002-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051206944-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051208291-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051209607-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051210898-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051214377-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051215850-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051217290-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051218854-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051222214-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051223654-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051225053-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/31/2021-okean-80-power-10107031-20260310051226632-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-24.442793231010427,"est":4.499901657819673,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 24% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-0.41,"residual":3.2},{"year":2027,"yearIdx":1,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-0.79,"residual":3.01},{"year":2028,"yearIdx":2,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.15,"residual":2.83},{"year":2029,"yearIdx":3,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.49,"residual":2.66},{"year":2030,"yearIdx":4,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.81,"residual":2.5}],"totalOp":1.81,"totalCharter":0,"net5yr":-1.81,"residualY5":2.5,"netHoldCost":2.71,"netHoldCostPctOfAcq":79.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.87,"debt":1.53,"rateBps":625,"annualDebtCost":0.1,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.19,"debt":2.21,"rateBps":625,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":3.1,"target":3.23,"ceiling":3.33,"baselineDiscountPct":5,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 24% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This modern-era Okean, delivered in 2021 at 24m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2027-numarine-88-ft-yacht-for-sale","name":"Numarine 27XP","builder":"Numarine","year":2027,"len":26.8,"price":8.3,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2027-numarine-88-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T23:00:37.680Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/70/98/2027-numarine-27xp-power-10127098-20260325064540399-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/70/98/2027-numarine-27xp-power-10127098-20260325064540399-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/70/98/2027-numarine-27xp-power-10127098-20260325064540390-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/70/98/2027-numarine-27xp-power-10127098-20260325064540363-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":15.91647637089581,"est":7.16032807401999,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 16% over model","tone":"premium"},"cashflow":{"acquisition":8.3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1,"charterIncome":0,"netAnnual":-1,"cumulative":-1,"residual":7.55},{"year":2027,"yearIdx":1,"opCost":0.91,"charterIncome":0,"netAnnual":-0.91,"cumulative":-1.91,"residual":6.87},{"year":2028,"yearIdx":2,"opCost":0.82,"charterIncome":0,"netAnnual":-0.82,"cumulative":-2.73,"residual":6.25},{"year":2029,"yearIdx":3,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-3.48,"residual":5.69},{"year":2030,"yearIdx":4,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-4.16,"residual":5.35}],"totalOp":4.16,"totalCharter":0,"net5yr":-4.16,"residualY5":5.35,"netHoldCost":7.11,"netHoldCostPctOfAcq":85.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 86% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.56,"debt":3.74,"rateBps":625,"annualDebtCost":0.23,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$230K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.91,"debt":5.39,"rateBps":625,"annualDebtCost":0.34,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.77,"target":7.1,"ceiling":7.43,"baselineDiscountPct":14.5,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 16% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Numarine, delivered in 2027 at 27m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2016-mangusta-138-ft-yacht-for-sale","name":"Mangusta oceano 42","builder":"Mangusta","year":2016,"len":42.1,"price":16.9,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2016-mangusta-138-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T16:15:13.005Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425104224257-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425104224257-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425105421951-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425105424059-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425105420004-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425105429969-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425105417973-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425105428042-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425105425993-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112558373-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112607435-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112609409-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112615449-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112600176-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112552474-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425114049916-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112556364-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112611446-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112550421-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112601441-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112605514-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112554537-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425112613505-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425114902283-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425114913441-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/72/55/2016-overmarine-oceanco-42-power-9767255-20250425114917343-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":13.919780323980447,"est":14.835000516975628,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 14% over model","tone":"premium"},"cashflow":{"acquisition":16.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.69,"charterIncome":0,"netAnnual":-1.69,"cumulative":-1.69,"residual":15.89},{"year":2027,"yearIdx":1,"opCost":1.59,"charterIncome":0,"netAnnual":-1.59,"cumulative":-3.28,"residual":15.17},{"year":2028,"yearIdx":2,"opCost":1.52,"charterIncome":0,"netAnnual":-1.52,"cumulative":-4.8,"residual":14.49},{"year":2029,"yearIdx":3,"opCost":1.45,"charterIncome":0,"netAnnual":-1.45,"cumulative":-6.25,"residual":13.84},{"year":2030,"yearIdx":4,"opCost":1.38,"charterIncome":0,"netAnnual":-1.38,"cumulative":-7.63,"residual":13.22}],"totalOp":7.63,"totalCharter":0,"net5yr":-7.63,"residualY5":13.22,"netHoldCost":11.31,"netHoldCostPctOfAcq":66.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":16.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":9.3,"debt":7.6,"rateBps":625,"annualDebtCost":0.47,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$470K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.91,"debt":10.99,"rateBps":625,"annualDebtCost":0.69,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":13.26,"target":13.93,"ceiling":14.61,"baselineDiscountPct":17.6,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Mangusta is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 14% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Mangusta, delivered in 2016 at 42m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2017-custom-100-ft-yacht-for-sale","name":"Custom Dauntless","builder":"Custom","year":2017,"len":30.5,"price":6.8,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2017-custom-100-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T01:01:04.592Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905120908960-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905120908960-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121328925-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184436116-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184439055-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121329367-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121330456-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121331085-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184439913-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184436826-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121331731-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184441156-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121332065-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184438038-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184436649-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184441577-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121334876-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184440905-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184440328-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184440988-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-custom-dauntless-power-9933849-20250909184440159-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121334997-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121335126-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121422903-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/38/49/2017-dauntless-custom-power-9933849-20250905121148700-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":4.173422230243745,"est":6.5275766643920585,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":6.8,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-0.68,"residual":6.39},{"year":2027,"yearIdx":1,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-1.32,"residual":6.01},{"year":2028,"yearIdx":2,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-1.92,"residual":5.74},{"year":2029,"yearIdx":3,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-2.49,"residual":5.48},{"year":2030,"yearIdx":4,"opCost":0.55,"charterIncome":0,"netAnnual":-0.55,"cumulative":-3.04,"residual":5.23}],"totalOp":3.04,"totalCharter":0,"net5yr":-3.04,"residualY5":5.23,"netHoldCost":4.61,"netHoldCostPctOfAcq":67.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 68% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.8,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.74,"debt":3.06,"rateBps":625,"annualDebtCost":0.19,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$190K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.38,"debt":4.42,"rateBps":625,"annualDebtCost":0.28,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":5.58,"target":5.85,"ceiling":6.12,"baselineDiscountPct":14,"strategy":"Segment-typical pricing. Standard 14%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Custom, delivered in 2017 at 31m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1995-christensen-120-ft-yacht-for-sale","name":"Christensen Tri-Deck","builder":"Christensen","year":1995,"len":36.6,"price":3.19,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1995-christensen-120-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T07:31:30.605Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081036659-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081036659-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20260219115212451-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20260219115210783-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20260219115214039-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20260219115215584-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20260219115219554-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20260219115224322-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20260219115226642-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081040149-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081040386-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081040574-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081041147-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081041325-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081041467-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081041573-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081042084-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081042209-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081042398-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081042588-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081043319-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081043446-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081043661-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081043774-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081044276-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/66/32/1995-christensen-tri-deck-power-10036632-20251212081044453-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-38.234427528821115,"est":5.164689441660273,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 38% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.19,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-0.32,"residual":3.05},{"year":2027,"yearIdx":1,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.62,"residual":2.91},{"year":2028,"yearIdx":2,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.91,"residual":2.78},{"year":2029,"yearIdx":3,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.19,"residual":2.65},{"year":2030,"yearIdx":4,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-1.46,"residual":2.53}],"totalOp":1.46,"totalCharter":0,"net5yr":-1.46,"residualY5":2.53,"netHoldCost":2.12,"netHoldCostPctOfAcq":66.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.19,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.07,"debt":1.12,"rateBps":700,"annualDebtCost":0.08,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.12,"debt":2.07,"rateBps":700,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.68,"target":2.8,"ceiling":2.93,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (31y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 38% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Christensen, delivered in 1995 at 37m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2014-riva-122-ft-yacht-for-sale-8341507","name":"Riva Mythos","builder":"Riva","year":2014,"len":37.2,"price":8.8,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2014-riva-122-ft-yacht-for-sale-8341507/","source":"allied","refreshedAt":"2026-05-13T03:46:03.654Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105306862_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105306862_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105302995_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105242955_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105259859_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105226262_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105230218_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105207945_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105203891_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105214209_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602105238973_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111247101_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111251168_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111255997_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111305137_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111301222_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111313269_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111309070_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111326076_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111332210_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111422576_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111429047_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111434951_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111438879_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111447814_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/15/7/8341507_20220602111443254_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerName":"Sean  Fenniman","brokerEmail":"sales@alliedmarine.com","brokerPhone":"772.260.1628","_priv":{"estimate":{"delta":-13.98148335272625,"est":10.23035544321829,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 14% under model","tone":"value"},"cashflow":{"acquisition":8.8,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.88,"charterIncome":0,"netAnnual":-0.88,"cumulative":-0.88,"residual":8.4},{"year":2027,"yearIdx":1,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-1.72,"residual":8.02},{"year":2028,"yearIdx":2,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-2.52,"residual":7.66},{"year":2029,"yearIdx":3,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-3.29,"residual":7.32},{"year":2030,"yearIdx":4,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-4.02,"residual":6.99}],"totalOp":4.02,"totalCharter":0,"net5yr":-4.02,"residualY5":6.99,"netHoldCost":5.83,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.8,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.84,"debt":3.96,"rateBps":625,"annualDebtCost":0.25,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$250K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.08,"debt":5.72,"rateBps":625,"annualDebtCost":0.36,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":7.77,"target":8.12,"ceiling":8.47,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 14% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Riva, delivered in 2014 at 37m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2005-horizon-94-ft-yacht-for-sale-9284132","name":"Horizon 94","builder":"Horizon","year":2005,"len":28.7,"price":2.4,"city":"Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-horizon-94-ft-yacht-for-sale-9284132/","source":"allied","refreshedAt":"2026-05-13T03:46:12.830Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/41/32/9284132_20240304100844402_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/41/32/9284132_20240304100844402_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304102937155_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304102018577_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304102947148_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304102958356_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304103008570_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304103113377_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304103204078_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304103759812_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304103807120_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304103813239_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304103822212_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304103831907_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304103838360_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304104902687_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304104907751_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304104913206_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304104922871_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304104935296_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304104943650_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304104953391_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304105003962_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304105009701_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304105014672_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/32/9284132_20240304105023527_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerName":"Sean  Fenniman","brokerEmail":"sales@alliedmarine.com","brokerPhone":"772.260.1628","_priv":{"estimate":{"delta":-36.781658195142555,"est":3.796366578877261,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 37% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.29,"residual":2.29},{"year":2027,"yearIdx":1,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.56,"residual":2.19},{"year":2028,"yearIdx":2,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.82,"residual":2.09},{"year":2029,"yearIdx":3,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.07,"residual":2},{"year":2030,"yearIdx":4,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.31,"residual":1.91}],"totalOp":1.31,"totalCharter":0,"net5yr":-1.31,"residualY5":1.91,"netHoldCost":1.8,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.56,"debt":0.84,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.84,"debt":1.56,"rateBps":700,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.01,"target":2.11,"ceiling":2.21,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 37% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Horizon, delivered in 2005 at 29m represents the classic-platform era with a documented owner timeline. Lying in Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-1996-cheoy-lee-145-ft-yacht-for-sale-2","name":"Cheoy Lee 145 Global Series Long Range Tri Deck","builder":"Cheoy Lee","year":1996,"len":44.2,"price":3.2,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/1996-cheoy-lee-145-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-13T04:01:28.652Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015541694-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015541694-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015556936-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015558799-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015600956-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015603186-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015605353-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015606870-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015608929-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015611029-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015612985-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015615095-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015617019-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015618927-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015621081-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015623028-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015625128-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015627238-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015629227-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015631064-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015633111-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015635116-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015637184-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015639212-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015641294-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/69/97/1996-cheoy-lee-145-global-series-long-range-tri-deck-power-9216997-20240516015643277-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-57.87983865135432,"est":7.597311827730906,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 58% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-0.32,"residual":3.06},{"year":2027,"yearIdx":1,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-0.63,"residual":2.92},{"year":2028,"yearIdx":2,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.92,"residual":2.79},{"year":2029,"yearIdx":3,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.2,"residual":2.66},{"year":2030,"yearIdx":4,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-1.47,"residual":2.54}],"totalOp":1.47,"totalCharter":0,"net5yr":-1.47,"residualY5":2.54,"netHoldCost":2.13,"netHoldCostPctOfAcq":66.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.08,"debt":1.12,"rateBps":700,"annualDebtCost":0.08,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.12,"debt":2.08,"rateBps":700,"annualDebtCost":0.15,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.68,"target":2.81,"ceiling":2.94,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (30y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 58% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Cheoy Lee, delivered in 1996 at 44m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2017-ferretti-yachts-85-76-ft-yacht-for-sale","name":"Ferretti Yachts 850","builder":"Ferretti Yachts","year":2017,"len":27.8,"price":3.91,"city":"Marmaris","country":"Turkey","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2017-ferretti-yachts-85-76-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T04:15:56.152Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425083113672-0.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425083113672-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425081442483-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425081441716-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425074935019-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425075811923-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425075812684-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425075813427-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425075833253-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425075822975-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425075823699-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425075831743-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425075832526-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425075814129-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425075822291-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425074935456-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425071924432-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425071924638-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425074941360-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425072128360-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425072128551-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425072128734-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425074942841-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425074945175-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425081307186-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/56/2017-ferretti-yachts-850-power-10162456-20260425081307369-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-28.46869413615493,"est":5.466138151374472,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 28% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.91,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-0.47,"residual":3.68},{"year":2027,"yearIdx":1,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-0.91,"residual":3.46},{"year":2028,"yearIdx":2,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-1.33,"residual":3.3},{"year":2029,"yearIdx":3,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-1.73,"residual":3.15},{"year":2030,"yearIdx":4,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-2.11,"residual":3.01}],"totalOp":2.11,"totalCharter":0,"net5yr":-2.11,"residualY5":3.01,"netHoldCost":3.01,"netHoldCostPctOfAcq":77,"verdict":"Private use, no charter income modelled. Effective hold cost: 77% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.91,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.15,"debt":1.76,"rateBps":625,"annualDebtCost":0.11,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$110K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.37,"debt":2.54,"rateBps":625,"annualDebtCost":0.16,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":3.45,"target":3.61,"ceiling":3.77,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 28% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Ferretti Yachts, delivered in 2017 at 28m has settled into its proven-hull period with full systems history. Lying in Marmaris, Turkey. Presented by Allied Marine.","v":3}},{"id":"allied-2012-ferretti-yachts-88-39-ft-yacht-for-sale","name":"Ferretti Yachts 881 RPH","builder":"Ferretti Yachts","year":2012,"len":27.8,"price":3.53,"city":"Antibes","country":"France","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2012-ferretti-yachts-88-39-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T04:15:57.511Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427041237550-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427041237550-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427041240358-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427041240513-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427041240661-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427041240799-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427041241922-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427041242064-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427041242197-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042830680-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042832194-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042833666-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042834715-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042836319-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042837366-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042839905-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042841438-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042844565-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042846578-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042848527-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042848685-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042850725-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427042852364-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/34/21/2012-ferretti-yachts-881-rph-power-10163421-20260427041237729-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-28.98770684189847,"est":4.970970296848209,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 29% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.53,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-0.42,"residual":3.37},{"year":2027,"yearIdx":1,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-0.82,"residual":3.22},{"year":2028,"yearIdx":2,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-1.21,"residual":3.08},{"year":2029,"yearIdx":3,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-1.58,"residual":2.94},{"year":2030,"yearIdx":4,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.93,"residual":2.81}],"totalOp":1.93,"totalCharter":0,"net5yr":-1.93,"residualY5":2.81,"netHoldCost":2.65,"netHoldCostPctOfAcq":75.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.53,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.94,"debt":1.59,"rateBps":625,"annualDebtCost":0.1,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.24,"debt":2.29,"rateBps":625,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"High-dockage location","rationale":"Marina charges in Antibes are at the top of the curve — every month of unsold inventory bills the seller. Use the calendar.","strength":"soft","pointsOff":"1-2%"}],"bidIntel":{"opening":2.96,"target":3.1,"ceiling":3.24,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 29% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Yachts, delivered in 2012 at 28m represents the classic-platform era with a documented owner timeline. Lying in Antibes, France. Presented by Allied Marine.","v":3}},{"id":"allied-2020-mangusta-109-ft-yacht-for-sale-9980067","name":"Mangusta 33M Gransport","builder":"Mangusta","year":2020,"len":33.2,"price":8.99,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2020-mangusta-109-ft-yacht-for-sale-9980067/","source":"allied","refreshedAt":"2026-05-13T16:31:52.067Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/68/56/8906856_20240110103444597_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/68/56/8906856_20240110103444597_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104040384_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104042157_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104044127_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104046346_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104048178_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104050177_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104052108_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104054149_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104056401_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104058269_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104100800_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104103428_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104105253_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104107196_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110105314336_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104109287_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110104111405_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110105316229_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110105534178_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110105536851_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110105546633_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110105548673_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110105538713_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/68/56/8906856_20240110105540693_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerName":"Eric  Frank","brokerEmail":"sales@alliedmarine.com","brokerPhone":"954.600.0369","_priv":{"estimate":{"delta":-9.208000110526307,"est":9.901753470508462,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 9% under model","tone":"value"},"cashflow":{"acquisition":8.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-0.9,"residual":8.45},{"year":2027,"yearIdx":1,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-1.74,"residual":7.94},{"year":2028,"yearIdx":2,"opCost":0.79,"charterIncome":0,"netAnnual":-0.79,"cumulative":-2.53,"residual":7.46},{"year":2029,"yearIdx":3,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-3.28,"residual":7.01},{"year":2030,"yearIdx":4,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-3.98,"residual":6.59}],"totalOp":3.98,"totalCharter":0,"net5yr":-3.98,"residualY5":6.59,"netHoldCost":6.38,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.94,"debt":4.05,"rateBps":625,"annualDebtCost":0.25,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$250K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.15,"debt":5.84,"rateBps":625,"annualDebtCost":0.36,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.69,"target":8.05,"ceiling":8.41,"baselineDiscountPct":10.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Mangusta is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 9% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Mangusta, delivered in 2020 at 33m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2003-westport-130-ft-yacht-for-sale","name":"Westport 130","builder":"Westport","year":2003,"len":39.6,"price":8.45,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2003-westport-130-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T13:26:09.242Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132842962-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132842962-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132842962-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132842974-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132842985-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132842993-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843000-5.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843008-6.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843015-7.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843024-8.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843032-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843039-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843046-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843053-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843062-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843070-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843078-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843086-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843094-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843101-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843108-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843115-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843123-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843130-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843136-23.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/83/73/2003-westport-130-power-10168373-20260430132843144-24.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","brokerName":"Sean  Fenniman","brokerPhone":"772.260.1628","_priv":{"estimate":{"delta":5.641273794948788,"est":7.9987676184230505,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":8.45,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-0.84,"residual":8.07},{"year":2027,"yearIdx":1,"opCost":0.81,"charterIncome":0,"netAnnual":-0.81,"cumulative":-1.65,"residual":7.71},{"year":2028,"yearIdx":2,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-2.42,"residual":7.36},{"year":2029,"yearIdx":3,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-3.16,"residual":7.03},{"year":2030,"yearIdx":4,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-3.86,"residual":6.71}],"totalOp":3.86,"totalCharter":0,"net5yr":-3.86,"residualY5":6.71,"netHoldCost":5.6,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.45,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":5.49,"debt":2.96,"rateBps":700,"annualDebtCost":0.21,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$210K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.96,"debt":5.49,"rateBps":700,"annualDebtCost":0.38,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":6.23,"target":6.57,"ceiling":6.91,"baselineDiscountPct":22.3,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (23y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Westport, delivered in 2003 at 40m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2014-riva-86-ft-yacht-for-sale-10076256","name":"Riva 86' Domino","builder":"Riva","year":2014,"len":26.2,"price":3,"city":"Hollywood","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2014-riva-86-ft-yacht-for-sale-10076256/","source":"allied","refreshedAt":"2026-05-15T23:00:48.383Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074401412-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074401412-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074401986-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074402422-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074402843-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074404389-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074404849-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074405583-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074406242-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074408998-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074409754-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074410749-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074411748-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074415572-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074416703-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074417918-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074419039-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074421823-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224074422798-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224082232623-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224082229894-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224082230727-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224082231650-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224082224413-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224082234292-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/62/56/2014-riva-86-domino-power-10076256-20260224082225609-2.jpg"],"brokerFirm":"Allied Marine","brokerName":"Tyler  Appleby","brokerEmail":"sales@alliedmarine.com","brokerPhone":"305.965.1206","_priv":{"estimate":{"delta":-35.46813138948003,"est":4.648865846588767,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 35% under model","tone":"strong-buy"},"cashflow":{"acquisition":3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.36,"residual":2.86},{"year":2027,"yearIdx":1,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.7,"residual":2.73},{"year":2028,"yearIdx":2,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.03,"residual":2.61},{"year":2029,"yearIdx":3,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-1.34,"residual":2.49},{"year":2030,"yearIdx":4,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.64,"residual":2.38}],"totalOp":1.64,"totalCharter":0,"net5yr":-1.64,"residualY5":2.38,"netHoldCost":2.26,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.65,"debt":1.35,"rateBps":625,"annualDebtCost":0.08,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.05,"debt":1.95,"rateBps":625,"annualDebtCost":0.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":2.65,"target":2.77,"ceiling":2.89,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 35% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Riva, delivered in 2014 at 26m has settled into its proven-hull period with full systems history. Lying in Hollywood, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-palmer-johnson-123-ft-yacht-for-sale-9649040","name":"Palmer Johnson 123","builder":"Palmer Johnson","year":2006,"len":37.5,"price":5,"city":"Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-palmer-johnson-123-ft-yacht-for-sale-9649040/","source":"allied","refreshedAt":"2026-05-13T15:46:27.672Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123109130-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123109130-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123117119-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123119065-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123121296-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123123575-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123125203-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123127087-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123129298-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123131186-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123133343-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123135387-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123137185-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123139206-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123141158-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123143585-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123145347-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123147143-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123149168-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123151347-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123153275-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123155401-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123157353-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123159304-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123201408-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/40/2006-palmer-johnson-motor-yacht-power-9649040-20250115123203293-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerName":"Peter  Hopwood","brokerEmail":"sales@alliedmarine.com","brokerPhone":"216.272.0095","_priv":{"estimate":{"delta":-42.85332590884489,"est":8.749415568829885,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 43% under model","tone":"strong-buy"},"cashflow":{"acquisition":5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.5,"charterIncome":0,"netAnnual":-0.5,"cumulative":-0.5,"residual":4.77},{"year":2027,"yearIdx":1,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-0.98,"residual":4.56},{"year":2028,"yearIdx":2,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-1.44,"residual":4.35},{"year":2029,"yearIdx":3,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-1.87,"residual":4.15},{"year":2030,"yearIdx":4,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-2.29,"residual":3.96}],"totalOp":2.29,"totalCharter":0,"net5yr":-2.29,"residualY5":3.96,"netHoldCost":3.33,"netHoldCostPctOfAcq":66.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.25,"debt":1.75,"rateBps":700,"annualDebtCost":0.12,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.75,"debt":3.25,"rateBps":700,"annualDebtCost":0.23,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":4.2,"target":4.39,"ceiling":4.6,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Palmer Johnson is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 43% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Palmer Johnson, delivered in 2006 at 38m represents the classic-platform era with a documented owner timeline. Lying in Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2021-riva-88-ft-yacht-for-sale-9877402","name":"FERRETTI GROUP TRADE | Riva 88’ Folgore","builder":"Riva","year":2021,"len":26.8,"price":5.95,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2021-riva-88-ft-yacht-for-sale-9877402/","source":"allied","refreshedAt":"2026-05-13T16:31:46.682Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/74/2/2021-riva-88-folgore-power-9877402-20250718133051536-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/74/2/2021-riva-88-folgore-power-9877402-20250718133051536-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112432006_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112434862_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112440129_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112442975_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112451125_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112530981_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112533824_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112537129_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112540984_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112543932_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112547176_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112654106_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112657007_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112700098_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112703073_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112705845_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112709031_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112951046_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112953872_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112956490_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206112958411_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206113000482_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206113002396_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/78/8409078_20240206113004533_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerName":"Peter  Hopwood","brokerEmail":"sales@alliedmarine.com","brokerPhone":"216.272.0095","_priv":{"estimate":{"delta":-3.1338426025639436,"est":6.142496161572205,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":5.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-0.71,"residual":5.59},{"year":2027,"yearIdx":1,"opCost":0.67,"charterIncome":0,"netAnnual":-0.67,"cumulative":-1.38,"residual":5.25},{"year":2028,"yearIdx":2,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-2.01,"residual":4.93},{"year":2029,"yearIdx":3,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-2.6,"residual":4.63},{"year":2030,"yearIdx":4,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-3.16,"residual":4.35}],"totalOp":3.16,"totalCharter":0,"net5yr":-3.16,"residualY5":4.35,"netHoldCost":4.76,"netHoldCostPctOfAcq":80,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.27,"debt":2.68,"rateBps":625,"annualDebtCost":0.17,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.08,"debt":3.87,"rateBps":625,"annualDebtCost":0.24,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.31,"target":5.55,"ceiling":5.79,"baselineDiscountPct":6.8,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This modern-era Riva, delivered in 2021 at 27m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2014-custom-line-100-ft-yacht-for-sale-9971350","name":"Custom Line 100'","builder":"Custom Line","year":2014,"len":30.5,"price":3.8,"city":"Panama City","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2014-custom-line-100-ft-yacht-for-sale-9971350/","source":"allied","refreshedAt":"2026-05-13T18:16:01.649Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/13/50/2014-custom-line-100-power-9971350-20251110063033474-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250610124748751-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250610124424344-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093901755-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093911601-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093913757-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093903638-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093819597-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093823515-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093817561-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093801543-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093749411-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093753433-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093751470-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093757471-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093759315-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093733262-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093743429-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093737393-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093745437-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093729369-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093727406-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093739423-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093735323-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093747247-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/65/2012-ferretti-yachts-custom-line-100-power-9828165-20250605093741429-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerName":"Ricardo  Arevalo","brokerEmail":"sales@alliedmarine.com","brokerPhone":"954.279.5458","_priv":{"estimate":{"delta":-41.931601342847145,"est":6.544006874437748,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 42% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.8,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-0.38,"residual":3.63},{"year":2027,"yearIdx":1,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.74,"residual":3.47},{"year":2028,"yearIdx":2,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.09,"residual":3.31},{"year":2029,"yearIdx":3,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.42,"residual":3.16},{"year":2030,"yearIdx":4,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.74,"residual":3.02}],"totalOp":1.74,"totalCharter":0,"net5yr":-1.74,"residualY5":3.02,"netHoldCost":2.52,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.8,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.09,"debt":1.71,"rateBps":625,"annualDebtCost":0.11,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$110K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.33,"debt":2.47,"rateBps":625,"annualDebtCost":0.15,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":3.36,"target":3.51,"ceiling":3.66,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 42% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Custom Line, delivered in 2014 at 31m has settled into its proven-hull period with full systems history. Lying in Panama City, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2019-riva-110-01-ft-yacht-for-sale-3","name":"Riva 110' Dolcevita","builder":"Riva","year":2019,"len":33.6,"price":11.24,"city":"Hong Kong","country":"Hong Kong","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2019-riva-110-01-ft-yacht-for-sale-3/","source":"allied","refreshedAt":"2026-05-13T21:45:44.368Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/29/42/9302942_20240318093534557_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061015530-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061015530-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061016000-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061016458-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061016878-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061027332-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061027718-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061028135-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061028556-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061034903-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061035265-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061035500-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061035771-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061042042-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061042340-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061042617-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061042906-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061048537-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061048781-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061049028-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061049328-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061056165-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061056427-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/42/4/2019-riva-110-dolcevita-power-9604204-20260302061056712-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","brokerName":"Sean  Fenniman","brokerPhone":"772.260.1628","_priv":{"estimate":{"delta":26.248918579957692,"est":8.903046557885032,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 26% over model","tone":"premium"},"cashflow":{"acquisition":11.24,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.12,"charterIncome":0,"netAnnual":-1.12,"cumulative":-1.12,"residual":10.57},{"year":2027,"yearIdx":1,"opCost":1.06,"charterIncome":0,"netAnnual":-1.06,"cumulative":-2.18,"residual":9.94},{"year":2028,"yearIdx":2,"opCost":0.99,"charterIncome":0,"netAnnual":-0.99,"cumulative":-3.17,"residual":9.34},{"year":2029,"yearIdx":3,"opCost":0.93,"charterIncome":0,"netAnnual":-0.93,"cumulative":-4.1,"residual":8.78},{"year":2030,"yearIdx":4,"opCost":0.88,"charterIncome":0,"netAnnual":-0.88,"cumulative":-4.98,"residual":8.38}],"totalOp":4.98,"totalCharter":0,"net5yr":-4.98,"residualY5":8.38,"netHoldCost":7.84,"netHoldCostPctOfAcq":69.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 70% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":11.24,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.18,"debt":5.06,"rateBps":625,"annualDebtCost":0.32,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$320K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.93,"debt":7.31,"rateBps":625,"annualDebtCost":0.46,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.02,"target":8.47,"ceiling":8.92,"baselineDiscountPct":24.6,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 26% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Riva, delivered in 2019 at 34m has settled into its proven-hull period with full systems history. Lying in Hong Kong, Hong Kong. Presented by Allied Marine.","v":3}},{"id":"allied-2005-mangusta-130-ft-yacht-for-sale-10152459","name":"Mangusta 130","builder":"Mangusta","year":2005,"len":39.6,"price":4,"city":"Boca Raton","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-mangusta-130-ft-yacht-for-sale-10152459/","source":"allied","refreshedAt":"2026-05-14T02:30:32.863Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112555592-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112555592-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112555592-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112553981-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112554233-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112554557-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112554908-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112555819-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112556086-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112556340-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112556993-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112557279-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112557551-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112557867-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112558494-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112558907-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112559191-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112656709-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112656976-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112657236-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112657407-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112657980-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112658201-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112658437-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/59/2005-mangusta-130-power-10152459-20260416112658611-4.jpg"],"brokerFirm":"Allied Marine","brokerName":"Tyler  Appleby","brokerEmail":"sales@alliedmarine.com","brokerPhone":"305.965.1206","_priv":{"estimate":{"delta":-55.74482703696392,"est":9.038491394759614,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 56% under model","tone":"strong-buy"},"cashflow":{"acquisition":4,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-0.4,"residual":3.82},{"year":2027,"yearIdx":1,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-0.78,"residual":3.65},{"year":2028,"yearIdx":2,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.14,"residual":3.49},{"year":2029,"yearIdx":3,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.49,"residual":3.33},{"year":2030,"yearIdx":4,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.82,"residual":3.18}],"totalOp":1.82,"totalCharter":0,"net5yr":-1.82,"residualY5":3.18,"netHoldCost":2.64,"netHoldCostPctOfAcq":66,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.6,"debt":1.4,"rateBps":700,"annualDebtCost":0.1,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.4,"debt":2.6,"rateBps":700,"annualDebtCost":0.18,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.36,"target":3.52,"ceiling":3.68,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Mangusta is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 56% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Mangusta, delivered in 2005 at 40m represents the classic-platform era with a documented owner timeline. Lying in Boca Raton, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2003-ferretti-yachts-111-55-ft-yacht-for-sale","name":"Ferretti Yachts Custom Line 112","builder":"Ferretti Yachts","year":2003,"len":35.2,"price":4.56,"city":"Ventimiglia","country":"IT-IM","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2003-ferretti-yachts-111-55-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T16:46:12.783Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020827499-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020827499-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020839829-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020842248-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020844475-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020846448-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020850311-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020852897-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020855261-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020857634-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020902064-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020906920-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/60/36/2003-ferretti-yachts-custom-line-112-power-9996036-20251101020828510-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-22.65913331849103,"est":5.895977373486334,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 23% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.56,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-0.46,"residual":4.35},{"year":2027,"yearIdx":1,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-0.89,"residual":4.15},{"year":2028,"yearIdx":2,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-1.31,"residual":3.96},{"year":2029,"yearIdx":3,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-1.71,"residual":3.78},{"year":2030,"yearIdx":4,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-2.09,"residual":3.61}],"totalOp":2.09,"totalCharter":0,"net5yr":-2.09,"residualY5":3.61,"netHoldCost":3.04,"netHoldCostPctOfAcq":66.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.56,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.96,"debt":1.6,"rateBps":700,"annualDebtCost":0.11,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$110K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.6,"debt":2.96,"rateBps":700,"annualDebtCost":0.21,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.83,"target":4.01,"ceiling":4.19,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (23y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 23% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Yachts, delivered in 2003 at 35m represents the classic-platform era with a documented owner timeline. Lying in Ventimiglia, It-im. Presented by Allied Marine.","v":3}},{"id":"allied-2014-ferretti-yachts-95-8-ft-yacht-for-sale","name":"Ferretti Yachts 960","builder":"Ferretti Yachts","year":2014,"len":29.2,"price":4.93,"city":"Istanbul","country":"Turkey","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2014-ferretti-yachts-95-8-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T11:01:14.673Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260415010629735-0.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260415010629735-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234749929-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234752310-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234752455-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234752613-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234752846-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234755086-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234755287-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234755398-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234755546-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234757865-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234758054-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234758169-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234758287-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234801083-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234801313-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234801657-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234801929-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234804581-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234804780-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234804990-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234805182-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234807590-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234807780-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/52/50/2014-ferretti-yachts-960-power-10145250-20260414234807961-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-10.97138472513134,"est":5.537545411415221,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 11% under model","tone":"value"},"cashflow":{"acquisition":4.93,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-0.59,"residual":4.71},{"year":2027,"yearIdx":1,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-1.16,"residual":4.5},{"year":2028,"yearIdx":2,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-1.7,"residual":4.3},{"year":2029,"yearIdx":3,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-2.22,"residual":4.11},{"year":2030,"yearIdx":4,"opCost":0.49,"charterIncome":0,"netAnnual":-0.49,"cumulative":-2.71,"residual":3.93}],"totalOp":2.71,"totalCharter":0,"net5yr":-2.71,"residualY5":3.93,"netHoldCost":3.71,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.93,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.71,"debt":2.22,"rateBps":625,"annualDebtCost":0.14,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$140K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.73,"debt":3.2,"rateBps":625,"annualDebtCost":0.2,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.35,"target":4.55,"ceiling":4.75,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 11% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Ferretti Yachts, delivered in 2014 at 29m has settled into its proven-hull period with full systems history. Lying in Istanbul, Turkey. Presented by Allied Marine.","v":3}},{"id":"allied-2005-azimut-80-ft-yacht-for-sale-2","name":"Azimut 80","builder":"Azimut","year":2005,"len":24.4,"price":1.2,"city":"Lighthouse Point","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2005-azimut-80-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T10:40:52.356Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/38/63/2005-azimut-80-carat-power-9803863-20250521091036155-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/38/63/2005-azimut-80-carat-power-9803863-20250521091036155-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250525060321409-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250525060323856-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524092840255-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524092950674-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524092952704-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524092954526-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093050798-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093052780-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20260415102331392-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093708211-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093712127-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093716752-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093720839-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093724399-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093728540-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093731992-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093734510-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093738547-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093827573-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093831492-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093835145-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093838932-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093842864-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/40/38/2005-azimut-80-carat-power-9814038-20250524093846331-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-53.66509420525028,"est":2.589840163516581,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 54% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.14,"residual":1.15},{"year":2027,"yearIdx":1,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.28,"residual":1.1},{"year":2028,"yearIdx":2,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.41,"residual":1.05},{"year":2029,"yearIdx":3,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.54,"residual":1},{"year":2030,"yearIdx":4,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.66,"residual":0.95}],"totalOp":0.66,"totalCharter":0,"net5yr":-0.66,"residualY5":0.95,"netHoldCost":0.91,"netHoldCostPctOfAcq":75.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.78,"debt":0.42,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.42,"debt":0.78,"rateBps":700,"annualDebtCost":0.05,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.01,"target":1.05,"ceiling":1.1,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 54% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Azimut, delivered in 2005 at 24m represents the classic-platform era with a documented owner timeline. Lying in Lighthouse Point, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2022-custom-line-139-8-ft-yacht-for-sale-2","name":"Custom Line 140'","builder":"Custom Line","year":2022,"len":42.6,"price":25.75,"city":"Olbia","country":"IT-SS","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-custom-line-139-8-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-14T02:45:10.478Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092112464-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092112464-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092112464-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092112945-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092113353-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092113718-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092115579-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092115954-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092116337-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092116733-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092118773-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092119247-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092119687-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092120142-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092122035-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092122514-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092122895-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092123161-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092125192-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092124875-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092125738-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092126121-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092127963-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092128330-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/64/60/2022-custom-line-140-power-10006460-20251107092131548-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","brokerName":"Allied Marine","brokerPhone":"+1.954.462.5557","_priv":{"estimate":{"delta":43.034033424558146,"est":18.002708434829657,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 43% over model","tone":"premium"},"cashflow":{"acquisition":25.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.58,"charterIncome":0,"netAnnual":-2.58,"cumulative":-2.58,"residual":24.2},{"year":2027,"yearIdx":1,"opCost":2.42,"charterIncome":0,"netAnnual":-2.42,"cumulative":-5,"residual":22.75},{"year":2028,"yearIdx":2,"opCost":2.27,"charterIncome":0,"netAnnual":-2.27,"cumulative":-7.27,"residual":21.38},{"year":2029,"yearIdx":3,"opCost":2.14,"charterIncome":0,"netAnnual":-2.14,"cumulative":-9.41,"residual":20.1},{"year":2030,"yearIdx":4,"opCost":2.01,"charterIncome":0,"netAnnual":-2.01,"cumulative":-11.42,"residual":18.89}],"totalOp":11.42,"totalCharter":0,"net5yr":-11.42,"residualY5":18.89,"netHoldCost":18.28,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":25.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":11.59,"debt":14.16,"rateBps":625,"annualDebtCost":0.89,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$890K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":9.01,"debt":16.74,"rateBps":625,"annualDebtCost":1.05,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":17.51,"target":18.54,"ceiling":19.57,"baselineDiscountPct":28,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 43% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Custom Line, delivered in 2022 at 43m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Olbia, It-ss. Presented by Allied Marine.","v":3}},{"id":"allied-2026-riva-82-ft-yacht-for-sale","name":"Riva 82' Diva","builder":"Riva","year":2026,"len":25,"price":9.99,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2026-riva-82-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T18:46:05.019Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316172547028-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316172547028-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316172736661-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316172739570-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316172740392-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316172851294-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316172852755-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316172856204-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316172857663-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316172900435-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173344540-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173345173-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173345825-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173346627-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173348085-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173348802-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173349471-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173350291-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173351517-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173352207-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173505550-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173506331-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173507011-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173507753-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173509099-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/95/2026-riva-82-diva-power-10115395-20260316173509779-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","brokerName":"Allied Marine","brokerPhone":"+1.954.462.5557","_priv":{"estimate":{"delta":52.48593349861609,"est":6.551423971241692,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 52% over model","tone":"premium"},"cashflow":{"acquisition":9.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.2,"charterIncome":0,"netAnnual":-1.2,"cumulative":-1.2,"residual":9.09},{"year":2027,"yearIdx":1,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-2.29,"residual":8.27},{"year":2028,"yearIdx":2,"opCost":0.99,"charterIncome":0,"netAnnual":-0.99,"cumulative":-3.28,"residual":7.53},{"year":2029,"yearIdx":3,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-4.18,"residual":7.08},{"year":2030,"yearIdx":4,"opCost":0.85,"charterIncome":0,"netAnnual":-0.85,"cumulative":-5.03,"residual":6.66}],"totalOp":5.03,"totalCharter":0,"net5yr":-5.03,"residualY5":6.66,"netHoldCost":8.36,"netHoldCostPctOfAcq":83.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 84% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.49,"debt":4.5,"rateBps":625,"annualDebtCost":0.28,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$280K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.5,"debt":6.49,"rateBps":625,"annualDebtCost":0.41,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.39,"target":6.79,"ceiling":7.19,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 52% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Riva, delivered in 2026 at 25m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2023-riva-131-23-ft-yacht-for-sale","name":"Riva 130' Bellissima","builder":"Riva","year":2023,"len":40.5,"price":22.25,"city":"Ventimiglia","country":"IT-IM","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2023-riva-131-23-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T18:16:35.033Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424064238610-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424064238610-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063828807-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063831783-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063833645-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063835051-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063835290-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063836492-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063836630-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063836757-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063836913-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063838045-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063838241-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063838360-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063838487-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063839514-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063839679-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063839801-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063839968-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063842221-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063852097-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063852221-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063843866-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063849306-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/61/55/2023-riva-130-bellissima-power-10086155-20260424063807322-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","brokerName":"Tom  Jenkins","brokerPhone":"772.201.1800","_priv":{"estimate":{"delta":34.04953768253985,"est":16.598341467385826,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 34% over model","tone":"premium"},"cashflow":{"acquisition":22.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.23,"charterIncome":0,"netAnnual":-2.23,"cumulative":-2.23,"residual":20.91},{"year":2027,"yearIdx":1,"opCost":2.09,"charterIncome":0,"netAnnual":-2.09,"cumulative":-4.32,"residual":19.66},{"year":2028,"yearIdx":2,"opCost":1.97,"charterIncome":0,"netAnnual":-1.97,"cumulative":-6.29,"residual":18.48},{"year":2029,"yearIdx":3,"opCost":1.85,"charterIncome":0,"netAnnual":-1.85,"cumulative":-8.14,"residual":17.37},{"year":2030,"yearIdx":4,"opCost":1.74,"charterIncome":0,"netAnnual":-1.74,"cumulative":-9.88,"residual":16.33}],"totalOp":9.88,"totalCharter":0,"net5yr":-9.88,"residualY5":16.33,"netHoldCost":15.8,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":22.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":10.01,"debt":12.24,"rateBps":625,"annualDebtCost":0.77,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$770K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":7.79,"debt":14.46,"rateBps":625,"annualDebtCost":0.9,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":16.13,"target":17.02,"ceiling":17.91,"baselineDiscountPct":23.5,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 34% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Riva, delivered in 2023 at 41m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Ventimiglia, It-im. Presented by Allied Marine.","v":3}},{"id":"allied-2020-riva-90-ft-yacht-for-sale-2","name":"Riva 90' Argo","builder":"Riva","year":2020,"len":27.4,"price":6.95,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2020-riva-90-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-13T18:16:39.501Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731114450274-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731114450274-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731114456149-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731114454255-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731114452237-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731115938897-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120045674-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120048712-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120029493-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731115957385-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120008007-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731115952876-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731115946158-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120033612-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120026639-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120016619-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120105407-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120022588-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120051419-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120055514-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120101696-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120040501-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120036427-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120038512-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120043448-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/16/11/2020-riva-90-argo-power-9891611-20250731120107482-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":11.206218668453138,"est":6.249650499061136,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 11% over model","tone":"premium"},"cashflow":{"acquisition":6.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-0.83,"residual":6.53},{"year":2027,"yearIdx":1,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-1.61,"residual":6.14},{"year":2028,"yearIdx":2,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-2.35,"residual":5.77},{"year":2029,"yearIdx":3,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-3.04,"residual":5.42},{"year":2030,"yearIdx":4,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-3.69,"residual":5.09}],"totalOp":3.69,"totalCharter":0,"net5yr":-3.69,"residualY5":5.09,"netHoldCost":5.55,"netHoldCostPctOfAcq":79.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.82,"debt":3.13,"rateBps":625,"annualDebtCost":0.2,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$200K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.43,"debt":4.52,"rateBps":625,"annualDebtCost":0.28,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.53,"target":5.8,"ceiling":6.08,"baselineDiscountPct":16.5,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 11% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Riva, delivered in 2020 at 27m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2013-ferretti-yachts-87-6-ft-yacht-for-sale","name":"Ferretti Yachts 870","builder":"Ferretti Yachts","year":2013,"len":26.7,"price":3.14,"city":"Tallinn","country":"EE","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2013-ferretti-yachts-87-6-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T15:36:18.171Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121300284_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121300284_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121141620_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121236245_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121150232_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121203221_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121257299_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121249319_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121228349_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121251386_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/25/49/8712549_20230302121254518_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/49/4934449_20150205010019560_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/44/49/4934449_20150205005926030_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-28.352990537079048,"est":4.382597436428977,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 28% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.14,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-0.38,"residual":3},{"year":2027,"yearIdx":1,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.74,"residual":2.86},{"year":2028,"yearIdx":2,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.08,"residual":2.73},{"year":2029,"yearIdx":3,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.41,"residual":2.61},{"year":2030,"yearIdx":4,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-1.72,"residual":2.49}],"totalOp":1.72,"totalCharter":0,"net5yr":-1.72,"residualY5":2.49,"netHoldCost":2.37,"netHoldCostPctOfAcq":75.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.14,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.73,"debt":1.41,"rateBps":625,"annualDebtCost":0.09,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.1,"debt":2.04,"rateBps":625,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":2.63,"target":2.76,"ceiling":2.89,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 28% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Yachts, delivered in 2013 at 27m represents the classic-platform era with a documented owner timeline. Lying in Tallinn, Ee. Presented by Allied Marine.","v":3}},{"id":"allied-2008-ferretti-yachts-87-99-ft-yacht-for-sale","name":"Ferretti Yachts 881","builder":"Ferretti Yachts","year":2008,"len":29,"price":2.52,"city":"Aegean Sea","country":"Turkey","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2008-ferretti-yachts-87-99-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T16:01:03.459Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260224035553693-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260224035553693-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260115233337831-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260115233346683-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260115233347365-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260115233348098-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260115233348830-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260115233357222-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260115233358366-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260115233359488-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260115233400633-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/9/25/2008-ferretti-yachts-881-power-9070925-20260115233322702-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-43.82449093837226,"est":4.485940656515308,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 44% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.52,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.3,"residual":2.41},{"year":2027,"yearIdx":1,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.59,"residual":2.3},{"year":2028,"yearIdx":2,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-0.87,"residual":2.2},{"year":2029,"yearIdx":3,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-1.13,"residual":2.1},{"year":2030,"yearIdx":4,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.38,"residual":2.01}],"totalOp":1.38,"totalCharter":0,"net5yr":-1.38,"residualY5":2.01,"netHoldCost":1.89,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.52,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.64,"debt":0.88,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.88,"debt":1.64,"rateBps":700,"annualDebtCost":0.11,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.11,"target":2.22,"ceiling":2.32,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 44% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Yachts, delivered in 2008 at 29m represents the classic-platform era with a documented owner timeline. Lying in Aegean Sea, Turkey. Presented by Allied Marine.","v":3}},{"id":"allied-2019-ferretti-yachts-93-47-ft-yacht-for-sale-2","name":"Ferretti Yachts 920","builder":"Ferretti Yachts","year":2019,"len":29.5,"price":5.79,"city":"MUGLA","country":"Turkey","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2019-ferretti-yachts-93-47-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-13T16:30:59.442Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20240910003307757-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20240910003307757-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118120954278-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121002299-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121004301-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121113993-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121115890-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121118001-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121120089-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121122002-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121124034-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121126003-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121129009-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121131025-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121133021-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121135010-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121137042-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121139042-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20241118121141045-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20260108054038798-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20260108054039025-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20260108054039239-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20260108054039463-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20260108054041671-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20260108054041868-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/17/56/2019-ferretti-yachts-920-power-9541756-20260108054042101-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-13.153978190170474,"est":6.66697204931115,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 13% under model","tone":"value"},"cashflow":{"acquisition":5.79,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-0.69,"residual":5.44},{"year":2027,"yearIdx":1,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-1.34,"residual":5.11},{"year":2028,"yearIdx":2,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-1.95,"residual":4.8},{"year":2029,"yearIdx":3,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-2.53,"residual":4.51},{"year":2030,"yearIdx":4,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-3.07,"residual":4.31}],"totalOp":3.07,"totalCharter":0,"net5yr":-3.07,"residualY5":4.31,"netHoldCost":4.55,"netHoldCostPctOfAcq":78.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 79% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.79,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.18,"debt":2.61,"rateBps":625,"annualDebtCost":0.16,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$160K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.03,"debt":3.76,"rateBps":625,"annualDebtCost":0.23,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.11,"target":5.34,"ceiling":5.58,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 13% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Ferretti Yachts, delivered in 2019 at 30m has settled into its proven-hull period with full systems history. Lying in Mugla, Turkey. Presented by Allied Marine.","v":3}},{"id":"allied-2003-ferretti-yachts-76-94-ft-yacht-for-sale-2","name":"Ferretti Yachts 760","builder":"Ferretti Yachts","year":2003,"len":25.6,"price":1,"city":"Athens","country":"Greece","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2003-ferretti-yachts-76-94-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-13T15:46:50.282Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/71/93/2003-ferretti-yachts-760-power-9997193-20251030224651194-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001127585-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001236477-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001246125-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001246168-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001258007-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001259186-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001306237-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001307554-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001316996-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001317704-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001324932-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001327446-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001332175-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001335577-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001340181-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001343861-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001352507-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001353809-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001404696-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001409289-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001415485-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001416994-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001034457-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001045967-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/58/37/ferretti-yachts-76-power-9815837-20250529001057565-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-65.27635858596408,"est":2.879882291365277,"label":"Under","cls":"u"},"listing":{"score":77,"tone":"sparse","label":"1 inconsistency flagged · 1 field gap","gaps":["No engine hours","Price-per-metre well below tier"]},"deal":{"verdict":"Strong value · 65% under model","tone":"strong-buy"},"cashflow":{"acquisition":1,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.12,"charterIncome":0,"netAnnual":-0.12,"cumulative":-0.12,"residual":0.95},{"year":2027,"yearIdx":1,"opCost":0.11,"charterIncome":0,"netAnnual":-0.11,"cumulative":-0.23,"residual":0.91},{"year":2028,"yearIdx":2,"opCost":0.11,"charterIncome":0,"netAnnual":-0.11,"cumulative":-0.34,"residual":0.87},{"year":2029,"yearIdx":3,"opCost":0.1,"charterIncome":0,"netAnnual":-0.1,"cumulative":-0.44,"residual":0.83},{"year":2030,"yearIdx":4,"opCost":0.1,"charterIncome":0,"netAnnual":-0.1,"cumulative":-0.54,"residual":0.79}],"totalOp":0.54,"totalCharter":0,"net5yr":-0.54,"residualY5":0.79,"netHoldCost":0.75,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.65,"debt":0.35,"rateBps":700,"annualDebtCost":0.02,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$20K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.35,"debt":0.65,"rateBps":700,"annualDebtCost":0.05,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":0.84,"target":0.88,"ceiling":0.92,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (23y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 65% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Yachts, delivered in 2003 at 26m represents the classic-platform era with a documented owner timeline. Lying in Athens, Greece. Presented by Allied Marine.","v":3}},{"id":"allied-2016-custom-line-97-ft-yacht-for-sale","name":"Ferretti Yachts Ferretti Custom Line","builder":"Custom Line","year":2016,"len":29.6,"price":5,"city":"Coral Gables","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2016-custom-line-97-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T16:30:54.001Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091607746-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091607746-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091644682-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091650366-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091656574-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091702338-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091709356-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091715381-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091720776-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091727641-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091733742-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091739899-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091746266-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091752846-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091759190-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091804858-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091811113-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091817417-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091823233-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091829261-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091835432-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091841878-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091848649-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091856553-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091904168-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/99/2016-ferretti-custom-line-97-power-9717899-20250317091911317-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-23.414727721657066,"est":6.528670397394302,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 23% under model","tone":"strong-buy"},"cashflow":{"acquisition":5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-0.6,"residual":4.7},{"year":2027,"yearIdx":1,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-1.16,"residual":4.49},{"year":2028,"yearIdx":2,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-1.7,"residual":4.29},{"year":2029,"yearIdx":3,"opCost":0.51,"charterIncome":0,"netAnnual":-0.51,"cumulative":-2.21,"residual":4.1},{"year":2030,"yearIdx":4,"opCost":0.49,"charterIncome":0,"netAnnual":-0.49,"cumulative":-2.7,"residual":3.92}],"totalOp":2.7,"totalCharter":0,"net5yr":-2.7,"residualY5":3.92,"netHoldCost":3.78,"netHoldCostPctOfAcq":75.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.75,"debt":2.25,"rateBps":625,"annualDebtCost":0.14,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$140K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.75,"debt":3.25,"rateBps":625,"annualDebtCost":0.2,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.42,"target":4.62,"ceiling":4.81,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 23% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Custom Line, delivered in 2016 at 30m has settled into its proven-hull period with full systems history. Lying in Coral Gables, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2010-ferretti-yachts-80-38-ft-yacht-for-sale","name":"Ferretti Yachts Altura 840","builder":"Ferretti Yachts","year":2010,"len":25.3,"price":2.81,"city":"Bodrum","country":"Turkey","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2010-ferretti-yachts-80-38-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T05:45:58.739Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055601686_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055601686_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053645383_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053517611_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053454829_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053500824_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053632575_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053624528_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053442225_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055529702_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055536189_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055542339_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053543182_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053448353_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055634755_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053523561_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053529838_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053536989_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053609174_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055516968_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055509873_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055524014_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055628397_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614055646856_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053639143_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/61/48/8906148_20230614053603055_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-20.204604237611903,"est":3.52150643925311,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 20% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.81,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.34,"residual":2.68},{"year":2027,"yearIdx":1,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-0.66,"residual":2.56},{"year":2028,"yearIdx":2,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-0.97,"residual":2.44},{"year":2029,"yearIdx":3,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.26,"residual":2.33},{"year":2030,"yearIdx":4,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.54,"residual":2.23}],"totalOp":1.54,"totalCharter":0,"net5yr":-1.54,"residualY5":2.23,"netHoldCost":2.12,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.81,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.55,"debt":1.26,"rateBps":700,"annualDebtCost":0.09,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.98,"debt":1.83,"rateBps":700,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.36,"target":2.47,"ceiling":2.58,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 20% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Yachts, delivered in 2010 at 25m represents the classic-platform era with a documented owner timeline. Lying in Bodrum, Turkey. Presented by Allied Marine.","v":3}},{"id":"allied-2018-ferretti-yachts-123-ft-yacht-for-sale","name":"Ferretti Yachts Navetta 37","builder":"Ferretti Yachts","year":2018,"len":37.5,"price":12.29,"city":"Limassol","country":"Cyprus","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2018-ferretti-yachts-123-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T16:46:34.470Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080506079-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080506079-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080509814-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080509979-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080510080-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080510257-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080511789-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080511916-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080512057-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080512207-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080513727-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080513838-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080513943-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080514054-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080515403-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080515524-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080515649-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080515769-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080517367-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080517492-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080517635-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080517763-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080519206-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080519328-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080519460-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/59/2/2018-feretti-navetta-37-power-10015902-20251117080519567-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":10.988268148354647,"est":11.073242429165873,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 11% over model","tone":"premium"},"cashflow":{"acquisition":12.29,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.23,"charterIncome":0,"netAnnual":-1.23,"cumulative":-1.23,"residual":11.55},{"year":2027,"yearIdx":1,"opCost":1.16,"charterIncome":0,"netAnnual":-1.16,"cumulative":-2.39,"residual":10.86},{"year":2028,"yearIdx":2,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-3.48,"residual":10.21},{"year":2029,"yearIdx":3,"opCost":1.02,"charterIncome":0,"netAnnual":-1.02,"cumulative":-4.5,"residual":9.75},{"year":2030,"yearIdx":4,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-5.48,"residual":9.31}],"totalOp":5.48,"totalCharter":0,"net5yr":-5.48,"residualY5":9.31,"netHoldCost":8.46,"netHoldCostPctOfAcq":68.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 69% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":12.29,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.76,"debt":5.53,"rateBps":625,"annualDebtCost":0.35,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$350K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.3,"debt":7.99,"rateBps":625,"annualDebtCost":0.5,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":9.78,"target":10.28,"ceiling":10.77,"baselineDiscountPct":16.4,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 11% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Ferretti Yachts, delivered in 2018 at 38m has settled into its proven-hull period with full systems history. Lying in Limassol, Cyprus. Presented by Allied Marine.","v":3}},{"id":"allied-2008-ferretti-yachts-78-9-ft-yacht-for-sale","name":"Ferretti Yachts 780","builder":"Ferretti Yachts","year":2008,"len":24,"price":1.74,"city":"Glyfada","country":"Greece","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2008-ferretti-yachts-78-9-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T18:16:27.718Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/57/91/2008-ferretti-yachts-780-power-10045791-20251229012056255-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062741621-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062741621-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062750277-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062758585-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062805181-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062810945-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062818087-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062824291-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062832708-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062837871-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062847587-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062900177-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062912737-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062926347-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062937809-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225062949629-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225063003252-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225063014994-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225063028145-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225063040980-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225063052959-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225063105753-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225063118465-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/56/97/2021-ferretti-yachts-780-power-9555697-20241225063130367-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-40.623317963616294,"est":2.9304432991621123,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 41% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.74,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.21,"residual":1.66},{"year":2027,"yearIdx":1,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.41,"residual":1.59},{"year":2028,"yearIdx":2,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.6,"residual":1.52},{"year":2029,"yearIdx":3,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.78,"residual":1.45},{"year":2030,"yearIdx":4,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.95,"residual":1.38}],"totalOp":0.95,"totalCharter":0,"net5yr":-0.95,"residualY5":1.38,"netHoldCost":1.31,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.74,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.13,"debt":0.61,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.61,"debt":1.13,"rateBps":700,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.46,"target":1.53,"ceiling":1.6,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 41% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Yachts, delivered in 2008 at 24m represents the classic-platform era with a documented owner timeline. Lying in Glyfada, Greece. Presented by Allied Marine.","v":3}},{"id":"allied-2021-riva-88-32-ft-yacht-for-sale-2","name":"Riva 88' Folgore","builder":"Riva","year":2021,"len":27.6,"price":5.75,"city":"Antibes","country":"France","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2021-riva-88-32-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-13T18:46:36.538Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/56/15/2021-riva-88-folgore-power-10175615-20260507053328582-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052612773-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052612773-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052612930-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052613103-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052614413-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052614701-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052613261-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052614567-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052615927-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052616087-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052616278-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052614858-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052616419-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052617452-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052617565-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052617703-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052617825-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052618841-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052618949-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052619093-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052619212-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052620389-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052620554-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/24/27/2021-riva-88-folgore-power-10042427-20251219052620701-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-18.11638170017521,"est":7.022161598850968,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 18% under model","tone":"strong-buy"},"cashflow":{"acquisition":5.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-0.69,"residual":5.4},{"year":2027,"yearIdx":1,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-1.34,"residual":5.08},{"year":2028,"yearIdx":2,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-1.95,"residual":4.78},{"year":2029,"yearIdx":3,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-2.52,"residual":4.49},{"year":2030,"yearIdx":4,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-3.06,"residual":4.22}],"totalOp":3.06,"totalCharter":0,"net5yr":-3.06,"residualY5":4.22,"netHoldCost":4.59,"netHoldCostPctOfAcq":79.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.16,"debt":2.59,"rateBps":625,"annualDebtCost":0.16,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$160K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.01,"debt":3.74,"rateBps":625,"annualDebtCost":0.23,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"High-dockage location","rationale":"Marina charges in Antibes are at the top of the curve — every month of unsold inventory bills the seller. Use the calendar.","strength":"soft","pointsOff":"1-2%"}],"bidIntel":{"opening":5.24,"target":5.47,"ceiling":5.63,"baselineDiscountPct":5,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 18% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This modern-era Riva, delivered in 2021 at 28m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Antibes, France. Presented by Allied Marine.","v":3}},{"id":"allied-2023-pershing-116-ft-yacht-for-sale-9680464","name":"Pershing GTX 116","builder":"Pershing","year":2023,"len":35.4,"price":16,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2023-pershing-116-ft-yacht-for-sale-9680464/","source":"allied","refreshedAt":"2026-05-13T04:16:28.653Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112205085-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112205085-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112124484-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112143086-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112132770-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112159851-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112155855-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112136306-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112152093-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112059832-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112103615-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112107616-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112111491-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112113856-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112646722-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112650729-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112644592-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112653729-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112636713-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112626351-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112701978-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112628581-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112630456-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112632706-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112642318-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/64/2023-pershing-motoryacht-power-9680464-20250211112958533-1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerName":"Sean  Fenniman","brokerEmail":"sales@alliedmarine.com","brokerPhone":"772.260.1628","_priv":{"estimate":{"delta":30.4883532820096,"est":12.261630710766212,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 30% over model","tone":"premium"},"cashflow":{"acquisition":16,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.6,"charterIncome":0,"netAnnual":-1.6,"cumulative":-1.6,"residual":15.04},{"year":2027,"yearIdx":1,"opCost":1.5,"charterIncome":0,"netAnnual":-1.5,"cumulative":-3.1,"residual":14.14},{"year":2028,"yearIdx":2,"opCost":1.41,"charterIncome":0,"netAnnual":-1.41,"cumulative":-4.51,"residual":13.29},{"year":2029,"yearIdx":3,"opCost":1.33,"charterIncome":0,"netAnnual":-1.33,"cumulative":-5.84,"residual":12.49},{"year":2030,"yearIdx":4,"opCost":1.25,"charterIncome":0,"netAnnual":-1.25,"cumulative":-7.09,"residual":11.74}],"totalOp":7.09,"totalCharter":0,"net5yr":-7.09,"residualY5":11.74,"netHoldCost":11.35,"netHoldCostPctOfAcq":70.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":16,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":8.8,"debt":7.2,"rateBps":625,"annualDebtCost":0.45,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$450K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.6,"debt":10.4,"rateBps":625,"annualDebtCost":0.65,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":11.88,"target":12.52,"ceiling":13.16,"baselineDiscountPct":21.7,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Pershing is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 30% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Pershing, delivered in 2023 at 35m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2010-custom-line-108-27-ft-yacht-for-sale","name":"Custom Line Navetta 33","builder":"Custom Line","year":2010,"len":33.6,"price":4.63,"city":"Istanbul","country":"Turkey","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2010-custom-line-108-27-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T02:45:31.470Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/86/97/2010-custom-line-navetta-33-power-9798697-20250519013913188-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811114440889-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811114858886-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115020839-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115021151-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115023402-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115021698-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115023106-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115021417-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115221600-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115221808-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115222372-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115222006-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115225954-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115226412-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115227844-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115405441-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115405644-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115509442-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115509712-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115509903-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115642297-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115642534-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115642765-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115643023-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/43/28/2024-custom-line-navetta-33-power-9904328-20250811115645059-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","brokerName":"Mattia Diego Apicella","brokerPhone":"786.916.4964","_priv":{"estimate":{"delta":-35.18924521033066,"est":7.1438760665969125,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 35% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.63,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-0.46,"residual":4.42},{"year":2027,"yearIdx":1,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-0.9,"residual":4.22},{"year":2028,"yearIdx":2,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-1.32,"residual":4.03},{"year":2029,"yearIdx":3,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-1.72,"residual":3.85},{"year":2030,"yearIdx":4,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-2.11,"residual":3.68}],"totalOp":2.11,"totalCharter":0,"net5yr":-2.11,"residualY5":3.68,"netHoldCost":3.06,"netHoldCostPctOfAcq":66.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.63,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.55,"debt":2.08,"rateBps":700,"annualDebtCost":0.15,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.62,"debt":3.01,"rateBps":700,"annualDebtCost":0.21,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.88,"target":4.07,"ceiling":4.25,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 35% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Custom Line, delivered in 2010 at 34m represents the classic-platform era with a documented owner timeline. Lying in Istanbul, Turkey. Presented by Allied Marine.","v":3}},{"id":"allied-2017-riva-88-ft-yacht-for-sale-8107516","name":"Riva 88' Domino Super","builder":"Riva","year":2017,"len":26.8,"price":5.25,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2017-riva-88-ft-yacht-for-sale-8107516/","source":"allied","refreshedAt":"2026-05-13T03:46:06.295Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132129392_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132129392_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132131265_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132139556_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132230382_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132136296_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132137295_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132138265_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132134385_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132220404_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132141350_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132250492_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132143390_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132145368_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132237442_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132239481_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132252524_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132255513_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132241486_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132222405_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132224400_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132147366_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132152411_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132226397_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132234423_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/75/16/8107516_20221028132154483_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerName":"Sean  Fenniman","brokerEmail":"sales@alliedmarine.com","brokerPhone":"772.260.1628","_priv":{"estimate":{"delta":-2.6551499631026183,"est":5.393197480924827,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":5.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-0.63,"residual":4.93},{"year":2027,"yearIdx":1,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-1.22,"residual":4.63},{"year":2028,"yearIdx":2,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-1.78,"residual":4.42},{"year":2029,"yearIdx":3,"opCost":0.53,"charterIncome":0,"netAnnual":-0.53,"cumulative":-2.31,"residual":4.22},{"year":2030,"yearIdx":4,"opCost":0.51,"charterIncome":0,"netAnnual":-0.51,"cumulative":-2.82,"residual":4.03}],"totalOp":2.82,"totalCharter":0,"net5yr":-2.82,"residualY5":4.03,"netHoldCost":4.04,"netHoldCostPctOfAcq":77,"verdict":"Private use, no charter income modelled. Effective hold cost: 77% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.89,"debt":2.36,"rateBps":625,"annualDebtCost":0.15,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.84,"debt":3.41,"rateBps":625,"annualDebtCost":0.21,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.31,"target":4.51,"ceiling":4.73,"baselineDiscountPct":14,"strategy":"Segment-typical pricing. Standard 14%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Riva is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Riva, delivered in 2017 at 27m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2022-custom-line-121-5-ft-yacht-for-sale","name":"Custom Line Navetta 37","builder":"Custom Line","year":2022,"len":37,"price":14.9,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-custom-line-121-5-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-14T02:00:21.305Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130647311-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130647311-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130649781-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130649953-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130650164-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130650356-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130650884-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130651026-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130651183-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130651331-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130651831-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130651968-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130652143-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130652269-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130652868-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130653013-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130653142-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130653272-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130653957-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=600,height=900/https://images.boatsgroup.com/images/1/90/12/2022-custom-line-navetta-37-power-10079012-20260224130647519-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":13.649136249914859,"est":13.110526389954119,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 14% over model","tone":"premium"},"cashflow":{"acquisition":14.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.49,"charterIncome":0,"netAnnual":-1.49,"cumulative":-1.49,"residual":14.01},{"year":2027,"yearIdx":1,"opCost":1.4,"charterIncome":0,"netAnnual":-1.4,"cumulative":-2.89,"residual":13.17},{"year":2028,"yearIdx":2,"opCost":1.32,"charterIncome":0,"netAnnual":-1.32,"cumulative":-4.21,"residual":12.38},{"year":2029,"yearIdx":3,"opCost":1.24,"charterIncome":0,"netAnnual":-1.24,"cumulative":-5.45,"residual":11.64},{"year":2030,"yearIdx":4,"opCost":1.16,"charterIncome":0,"netAnnual":-1.16,"cumulative":-6.61,"residual":10.94}],"totalOp":6.61,"totalCharter":0,"net5yr":-6.61,"residualY5":10.94,"netHoldCost":10.57,"netHoldCostPctOfAcq":70.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":14.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":8.19,"debt":6.71,"rateBps":625,"annualDebtCost":0.42,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$420K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.21,"debt":9.69,"rateBps":625,"annualDebtCost":0.61,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":12.45,"target":13.04,"ceiling":13.64,"baselineDiscountPct":12.5,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 14% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Custom Line, delivered in 2022 at 37m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2024-baglietto-133-ft-yacht-for-sale-10132641","name":"Baglietto DOM 133","builder":"Baglietto","year":2024,"len":40.5,"price":30.43,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2024-baglietto-133-ft-yacht-for-sale-10132641/","source":"allied","refreshedAt":"2026-05-14T02:15:23.884Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110129747-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110129747-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110129747-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110202666-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110128633-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110130810-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110208288-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110132112-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110137613-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110139926-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110200808-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110143968-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110149981-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110151989-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110156233-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330110154162-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330121216923-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330121217142-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330121217314-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330121217486-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330121218561-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330121218715-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330121218867-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330121218988-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/26/41/2024-baglietto-dom-133-power-10132641-20260330121219712-1.jpg"],"brokerFirm":"Allied Marine","brokerName":"Sean  Fenniman","brokerEmail":"sales@alliedmarine.com","brokerPhone":"772.260.1628","_priv":{"estimate":{"delta":57.91373534790457,"est":19.270014690589605,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · iconic Baglietto, near-new","tone":"premium"},"cashflow":{"acquisition":30.43,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3.04,"charterIncome":0,"netAnnual":-3.04,"cumulative":-3.04,"residual":28.6},{"year":2027,"yearIdx":1,"opCost":2.86,"charterIncome":0,"netAnnual":-2.86,"cumulative":-5.9,"residual":27.6},{"year":2028,"yearIdx":2,"opCost":2.76,"charterIncome":0,"netAnnual":-2.76,"cumulative":-8.66,"residual":26.63},{"year":2029,"yearIdx":3,"opCost":2.66,"charterIncome":0,"netAnnual":-2.66,"cumulative":-11.32,"residual":25.7},{"year":2030,"yearIdx":4,"opCost":2.57,"charterIncome":0,"netAnnual":-2.57,"cumulative":-13.89,"residual":24.8}],"totalOp":13.89,"totalCharter":0,"net5yr":-13.89,"residualY5":24.8,"netHoldCost":19.52,"netHoldCostPctOfAcq":64.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 64% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":30.43,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":13.69,"debt":16.74,"rateBps":625,"annualDebtCost":1.05,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.1M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":10.65,"debt":19.78,"rateBps":625,"annualDebtCost":1.24,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":19.48,"target":20.69,"ceiling":21.91,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Baglietto — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 58% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Baglietto, delivered in 2024 at 41m carries the full tier-A pedigree and remains in its first-decade window. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2023-ferretti-yachts-86-ft-yacht-for-sale-10151088","name":"Ferretti Yachts 860","builder":"Ferretti Yachts","year":2023,"len":26.2,"price":6.3,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2023-ferretti-yachts-86-ft-yacht-for-sale-10151088/","source":"allied","refreshedAt":"2026-05-14T02:30:27.903Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063408997-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063408997-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063408997-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063407831-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063409962-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063411005-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063415715-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063416915-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063417898-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063418729-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063423617-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063424693-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063425652-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063426510-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063431156-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063432010-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063432762-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063433579-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063438951-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063439336-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063439923-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063440845-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063441870-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063451359-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/88/2023-ferretti-yachts-860-power-10151088-20260417063452411-2.jpg"],"brokerFirm":"Allied Marine","brokerName":"Ricardo  Arevalo","brokerEmail":"sales@alliedmarine.com","brokerPhone":"954.279.5458","mmsi":"232047697","callsign":"MNRN9","beam":6,"datalasticUuid":"710523f0-0bd1-941c-2fc8-8648cdecceff","_priv":{"estimate":{"delta":8.351511671786838,"est":5.814408957286775,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 8% over model","tone":"premium"},"cashflow":{"acquisition":6.3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.76,"charterIncome":0,"netAnnual":-0.76,"cumulative":-0.76,"residual":5.92},{"year":2027,"yearIdx":1,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-1.47,"residual":5.56},{"year":2028,"yearIdx":2,"opCost":0.67,"charterIncome":0,"netAnnual":-0.67,"cumulative":-2.14,"residual":5.23},{"year":2029,"yearIdx":3,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-2.77,"residual":4.92},{"year":2030,"yearIdx":4,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-3.36,"residual":4.62}],"totalOp":3.36,"totalCharter":0,"net5yr":-3.36,"residualY5":4.62,"netHoldCost":5.04,"netHoldCostPctOfAcq":80,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.47,"debt":2.83,"rateBps":625,"annualDebtCost":0.18,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$180K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.2,"debt":4.1,"rateBps":625,"annualDebtCost":0.26,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.4,"target":5.65,"ceiling":5.9,"baselineDiscountPct":10.3,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This modern-era Ferretti Yachts, delivered in 2023 at 26m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-sunseeker-75-75-ft-yacht-for-sale","name":"Sunseeker 75","builder":"Sunseeker","year":2006,"len":24.8,"price":1.29,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-sunseeker-75-75-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T06:15:20.245Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132826698-2.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132826698-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132835489-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132808322-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132834394-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132826089-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132833859-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132807041-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132807657-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132804739-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132802405-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132803160-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132759147-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132803867-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132749149-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132756775-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132757528-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132758346-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132754069-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132753238-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132752485-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132751704-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132748425-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132747638-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132746924-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/35/67/2006-sunseeker-75-yacht-power-10023567-20251125132744534-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","mmsi":"232045665","callsign":"MMYS6","datalasticUuid":"a8bee5dc-47fd-ed39-256e-25db5c6380ca","_priv":{"estimate":{"delta":-56.362015369586636,"est":2.956140185953818,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 56% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.29,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.15,"residual":1.23},{"year":2027,"yearIdx":1,"opCost":0.15,"charterIncome":0,"netAnnual":-0.15,"cumulative":-0.3,"residual":1.17},{"year":2028,"yearIdx":2,"opCost":0.14,"charterIncome":0,"netAnnual":-0.14,"cumulative":-0.44,"residual":1.12},{"year":2029,"yearIdx":3,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.57,"residual":1.07},{"year":2030,"yearIdx":4,"opCost":0.13,"charterIncome":0,"netAnnual":-0.13,"cumulative":-0.7,"residual":1.02}],"totalOp":0.7,"totalCharter":0,"net5yr":-0.7,"residualY5":1.02,"netHoldCost":0.97,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.29,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":0.84,"debt":0.45,"rateBps":700,"annualDebtCost":0.03,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$30K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.45,"debt":0.84,"rateBps":700,"annualDebtCost":0.06,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.08,"target":1.13,"ceiling":1.19,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 56% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sunseeker, delivered in 2006 at 25m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2019-horizon-110-ft-yacht-for-sale","name":"Horizon RP110","builder":"Horizon","year":2019,"len":33.5,"price":9.25,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2019-horizon-110-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T18:01:18.075Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204317-0.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204317-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204317-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204392-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204287-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204456-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204742-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204339-5.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204225-6.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204000-7.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204156-8.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204369-9.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204519-10.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204382-11.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204412-12.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204328-13.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204059-14.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204244-15.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204093-16.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204256-17.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204401-18.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204494-19.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204530-20.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204360-21.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204179-22.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/89/29/2019-horizon-rp110-power-10018929-20251120071204071-23.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":13.486808985752644,"est":8.150727016354177,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 13% over model","tone":"premium"},"cashflow":{"acquisition":9.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.93,"charterIncome":0,"netAnnual":-0.93,"cumulative":-0.93,"residual":8.7},{"year":2027,"yearIdx":1,"opCost":0.87,"charterIncome":0,"netAnnual":-0.87,"cumulative":-1.8,"residual":8.18},{"year":2028,"yearIdx":2,"opCost":0.82,"charterIncome":0,"netAnnual":-0.82,"cumulative":-2.62,"residual":7.69},{"year":2029,"yearIdx":3,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-3.39,"residual":7.23},{"year":2030,"yearIdx":4,"opCost":0.72,"charterIncome":0,"netAnnual":-0.72,"cumulative":-4.11,"residual":6.9}],"totalOp":4.11,"totalCharter":0,"net5yr":-4.11,"residualY5":6.9,"netHoldCost":6.46,"netHoldCostPctOfAcq":69.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 70% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.09,"debt":4.16,"rateBps":625,"annualDebtCost":0.26,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$260K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.24,"debt":6.01,"rateBps":625,"annualDebtCost":0.38,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.27,"target":7.64,"ceiling":8.01,"baselineDiscountPct":17.4,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 13% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Horizon, delivered in 2019 at 34m has settled into its proven-hull period with full systems history. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2016-sanlorenzo-86-ft-yacht-for-sale","name":"Sanlorenzo SL86","builder":"Sanlorenzo","year":2016,"len":26.2,"price":4.1,"city":"West Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2016-sanlorenzo-86-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T07:45:23.928Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/20/79/2016-sanlorenzo-sl86-power-10022079-20251124072819098-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112444335-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112459719-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112501169-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112503311-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112646417-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112648202-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112649916-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112651309-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112653581-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112656010-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112657379-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112823873-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112826166-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112828026-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112829582-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112831027-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112832461-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112834191-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112836332-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112838098-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112840058-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112841520-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112842970-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112845009-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/79/57/2023-sanlorenzo-sl86-power-9887957-20250729112846995-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-26.812204493997076,"est":5.6020269112542325,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 27% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":4.1,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.49,"charterIncome":0,"netAnnual":-0.49,"cumulative":-0.49,"residual":3.96},{"year":2027,"yearIdx":1,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-0.97,"residual":3.86},{"year":2028,"yearIdx":2,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-1.43,"residual":3.76},{"year":2029,"yearIdx":3,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-1.88,"residual":3.67},{"year":2030,"yearIdx":4,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-2.32,"residual":3.58}],"totalOp":2.32,"totalCharter":0,"net5yr":-2.32,"residualY5":3.58,"netHoldCost":2.84,"netHoldCostPctOfAcq":69.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 69% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.1,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.26,"debt":1.84,"rateBps":625,"annualDebtCost":0.12,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.43,"debt":2.67,"rateBps":625,"annualDebtCost":0.17,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":3.67,"target":3.83,"ceiling":3.99,"baselineDiscountPct":6.6,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Sanlorenzo — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 27% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Sanlorenzo, delivered in 2016 at 26m carries the full tier-A pedigree under proven systems. Lying in West Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2021-sanlorenzo-96-ft-yacht-for-sale","name":"Sanlorenzo SL96A","builder":"Sanlorenzo","year":2021,"len":29.3,"price":7.39,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2021-sanlorenzo-96-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T13:26:02.818Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151748916-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151748916-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151800121-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151758252-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151805023-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151805295-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151807293-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151810838-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151812583-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151809234-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151756998-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151758539-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151758723-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151800742-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260424060500422-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260424060500815-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260424060503924-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151745359-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151750227-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151752950-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151752689-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151813363-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151816680-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151748316-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151747361-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/7/94/2021-sanlorenzo-sl96a-power-10160794-20260429151754403-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-9.33594627020601,"est":8.150970198204915,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 9% under model, tier-A build","tone":"value"},"cashflow":{"acquisition":7.39,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-0.89,"residual":7.13},{"year":2027,"yearIdx":1,"opCost":0.86,"charterIncome":0,"netAnnual":-0.86,"cumulative":-1.75,"residual":6.88},{"year":2028,"yearIdx":2,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-2.58,"residual":6.64},{"year":2029,"yearIdx":3,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-3.38,"residual":6.41},{"year":2030,"yearIdx":4,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-4.15,"residual":6.19}],"totalOp":4.15,"totalCharter":0,"net5yr":-4.15,"residualY5":6.19,"netHoldCost":5.35,"netHoldCostPctOfAcq":72.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 72% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.39,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.06,"debt":3.33,"rateBps":625,"annualDebtCost":0.21,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$210K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.59,"debt":4.8,"rateBps":625,"annualDebtCost":0.3,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.71,"target":7,"ceiling":7.24,"baselineDiscountPct":5.3,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Sanlorenzo — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 9% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This modern-era Sanlorenzo, delivered in 2021 at 29m carries the full tier-A pedigree and remains in its first-decade window. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2024-astondoa-82-ft-yacht-for-sale-2","name":"Astondoa AS8","builder":"Astondoa","year":2024,"len":25,"price":6.8,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2024-astondoa-82-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-15T08:01:01.776Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115713872_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115713872_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115817497_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115827424_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115834842_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115842996_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115850963_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115858442_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115906980_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115913836_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115922057_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115929520_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115932366_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115937658_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115944477_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115947587_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115949430_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115951515_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010115957395_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010120000391_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010120002677_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010120005404_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010120011373_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010120013912_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010120015756_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/18/57/9081857_20231010120050075_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":29.775900685775415,"est":5.239801815334532,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 30% over model","tone":"premium"},"cashflow":{"acquisition":6.8,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.82,"charterIncome":0,"netAnnual":-0.82,"cumulative":-0.82,"residual":6.19},{"year":2027,"yearIdx":1,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-1.56,"residual":5.82},{"year":2028,"yearIdx":2,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-2.26,"residual":5.47},{"year":2029,"yearIdx":3,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-2.92,"residual":5.14},{"year":2030,"yearIdx":4,"opCost":0.62,"charterIncome":0,"netAnnual":-0.62,"cumulative":-3.54,"residual":4.83}],"totalOp":3.54,"totalCharter":0,"net5yr":-3.54,"residualY5":4.83,"netHoldCost":5.51,"netHoldCostPctOfAcq":81,"verdict":"Private use, no charter income modelled. Effective hold cost: 81% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.8,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.74,"debt":3.06,"rateBps":625,"annualDebtCost":0.19,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$190K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.38,"debt":4.42,"rateBps":625,"annualDebtCost":0.28,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.07,"target":5.35,"ceiling":5.62,"baselineDiscountPct":21.4,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 30% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Astondoa, delivered in 2024 at 25m is barely campaigned and reflects current build standards. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2014-azimut-100-ft-yacht-for-sale-2","name":"Azimut Grande 100","builder":"Azimut","year":2014,"len":30.5,"price":4.15,"city":"Miami Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2014-azimut-100-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-15T08:15:17.949Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112340666_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112340666_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112353733_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112354750_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112356217_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112359080_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112402152_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112405114_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112408106_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112411143_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112414121_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112417161_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112420260_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112423178_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112426157_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112429187_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112432194_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112435171_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112438181_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112441189_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112444291_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112447240_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112450179_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112453239_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112456242_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/0/9211900_20240129112459259_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-27.622126101675164,"est":5.73379649950736,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 28% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.15,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-0.42,"residual":3.96},{"year":2027,"yearIdx":1,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-0.82,"residual":3.78},{"year":2028,"yearIdx":2,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-1.2,"residual":3.61},{"year":2029,"yearIdx":3,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.56,"residual":3.45},{"year":2030,"yearIdx":4,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.91,"residual":3.29}],"totalOp":1.91,"totalCharter":0,"net5yr":-1.91,"residualY5":3.29,"netHoldCost":2.77,"netHoldCostPctOfAcq":66.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.15,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.28,"debt":1.87,"rateBps":625,"annualDebtCost":0.12,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.45,"debt":2.7,"rateBps":625,"annualDebtCost":0.17,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":3.66,"target":3.83,"ceiling":4,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 28% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Azimut, delivered in 2014 at 31m has settled into its proven-hull period with full systems history. Lying in Miami Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2001-westport-112-ft-yacht-for-sale","name":"Westport 112 Westport","builder":"Westport","year":2001,"len":34.1,"price":3.19,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2001-westport-112-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T08:30:44.329Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093517695-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093517695-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093522576-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093522800-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093522970-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093523216-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093525042-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093525320-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093525574-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093525815-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093527507-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093527807-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093528033-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093528242-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093530441-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093530711-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093530933-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093531132-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093533064-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093533293-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093533580-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093533826-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093535504-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093535725-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093535930-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/98/32/2002-westport-112-westport-power-9919832-20250822093536219-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-40.415444444543006,"est":5.353736333622525,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 40% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.19,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-0.32,"residual":3.05},{"year":2027,"yearIdx":1,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.62,"residual":2.91},{"year":2028,"yearIdx":2,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.91,"residual":2.78},{"year":2029,"yearIdx":3,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.19,"residual":2.65},{"year":2030,"yearIdx":4,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-1.46,"residual":2.53}],"totalOp":1.46,"totalCharter":0,"net5yr":-1.46,"residualY5":2.53,"netHoldCost":2.12,"netHoldCostPctOfAcq":66.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.19,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.07,"debt":1.12,"rateBps":700,"annualDebtCost":0.08,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.12,"debt":2.07,"rateBps":700,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.68,"target":2.8,"ceiling":2.93,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 40% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Westport, delivered in 2001 at 34m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2004-lazzara-82-ft-yacht-for-sale","name":"Lazzara SC","builder":"Lazzara","year":2004,"len":25,"price":1.65,"city":"St Petersburg","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2004-lazzara-82-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T10:30:16.946Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182524297-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182524297-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182527472-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182527625-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182527745-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182527894-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182529045-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182529201-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182529440-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182529586-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182530783-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182530870-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182530992-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182531096-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182532176-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182532258-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182532338-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182532455-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182533617-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182533838-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182533971-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182534090-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182535269-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182535381-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182535509-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/77/2004-lazzara-sc-motor-yacht-power-9978177-20251012182535659-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-39.65213126174819,"est":2.7341479235274777,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 40% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.65,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.2,"residual":1.58},{"year":2027,"yearIdx":1,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.39,"residual":1.51},{"year":2028,"yearIdx":2,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-0.57,"residual":1.44},{"year":2029,"yearIdx":3,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.74,"residual":1.38},{"year":2030,"yearIdx":4,"opCost":0.17,"charterIncome":0,"netAnnual":-0.17,"cumulative":-0.91,"residual":1.32}],"totalOp":0.91,"totalCharter":0,"net5yr":-0.91,"residualY5":1.32,"netHoldCost":1.24,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.65,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.07,"debt":0.58,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.58,"debt":1.07,"rateBps":700,"annualDebtCost":0.07,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.38,"target":1.45,"ceiling":1.52,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 40% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Lazzara, delivered in 2004 at 25m represents the classic-platform era with a documented owner timeline. Lying in St Petersburg, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2019-azimut-88-ft-yacht-for-sale","name":"Azimut Grande 27M","builder":"Azimut","year":2019,"len":26.8,"price":4.5,"city":"West Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2019-azimut-88-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T07:15:58.636Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/66/81/2019-azimut-grande-27m-power-10136681-20260409091758165-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202927781-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202931567-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202931782-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202931949-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202933082-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202933266-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202933474-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202933701-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202934570-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202934748-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202934969-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202935144-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202936150-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202936383-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202936741-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202936971-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202938155-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202938344-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202938583-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202938775-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202940029-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202940223-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202940425-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202940695-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/88/2022-azimut-grande-27-metri-power-9978188-20251012202942059-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-14.20044451831485,"est":5.244782417270884,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Value · 14% under model","tone":"value"},"cashflow":{"acquisition":4.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-0.54,"residual":4.23},{"year":2027,"yearIdx":1,"opCost":0.51,"charterIncome":0,"netAnnual":-0.51,"cumulative":-1.05,"residual":3.98},{"year":2028,"yearIdx":2,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-1.53,"residual":3.74},{"year":2029,"yearIdx":3,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-1.98,"residual":3.52},{"year":2030,"yearIdx":4,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-2.4,"residual":3.36}],"totalOp":2.4,"totalCharter":0,"net5yr":-2.4,"residualY5":3.36,"netHoldCost":3.54,"netHoldCostPctOfAcq":78.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 79% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.48,"debt":2.02,"rateBps":625,"annualDebtCost":0.13,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$130K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.57,"debt":2.93,"rateBps":625,"annualDebtCost":0.18,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":3.97,"target":4.15,"ceiling":4.33,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 14% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Azimut, delivered in 2019 at 27m has settled into its proven-hull period with full systems history. Lying in West Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2016-sanlorenzo-126-ft-yacht-for-sale","name":"Sanlorenzo SD126","builder":"Sanlorenzo","year":2016,"len":38.4,"price":14.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2016-sanlorenzo-126-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-12T00:25:29.777Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/19/31/2016-sanlorenzo-sd126-power-9281931-20240627114127628-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/19/31/2016-sanlorenzo-sd126-power-9281931-20240627112333311-1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130858282_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130937788_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130930134_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130913986_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130432242_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130946075_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130618172_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130723737_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130707998_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130659815_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130731835_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130755736_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130747865_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130739752_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130803891_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130652535_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328131056114_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328131040232_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328131048325_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328131032207_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130517989_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130526572_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130550983_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/19/31/9281931_20240328130559848_1_XLARGE.jpg"],"brokerEmail":"sales@alliedmarine.com","brokerFirm":"Allied Marine","_priv":{"estimate":{"delta":13.8908413916662,"est":12.731489049356533,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · tier-A Sanlorenzo","tone":"premium"},"cashflow":{"acquisition":14.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.45,"charterIncome":0,"netAnnual":-1.45,"cumulative":-1.45,"residual":13.99},{"year":2027,"yearIdx":1,"opCost":1.4,"charterIncome":0,"netAnnual":-1.4,"cumulative":-2.85,"residual":13.64},{"year":2028,"yearIdx":2,"opCost":1.36,"charterIncome":0,"netAnnual":-1.36,"cumulative":-4.21,"residual":13.3},{"year":2029,"yearIdx":3,"opCost":1.33,"charterIncome":0,"netAnnual":-1.33,"cumulative":-5.54,"residual":12.97},{"year":2030,"yearIdx":4,"opCost":1.3,"charterIncome":0,"netAnnual":-1.3,"cumulative":-6.84,"residual":12.65}],"totalOp":6.84,"totalCharter":0,"net5yr":-6.84,"residualY5":12.65,"netHoldCost":8.69,"netHoldCostPctOfAcq":59.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":14.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":7.97,"debt":6.53,"rateBps":625,"annualDebtCost":0.41,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$410K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.07,"debt":9.43,"rateBps":625,"annualDebtCost":0.59,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":11.66,"target":12.24,"ceiling":12.82,"baselineDiscountPct":15.6,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Sanlorenzo — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 14% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Sanlorenzo, delivered in 2016 at 38m carries the full tier-A pedigree under proven systems. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2009-sunseeker-121-ft-yacht-for-sale-2","name":"Sunseeker 37 Metre","builder":"Sunseeker","year":2009,"len":36.9,"price":6.25,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2009-sunseeker-121-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-14T07:15:28.156Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/54/57/9125457_20231107124610021_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122402587-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122414063-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122414980-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122415734-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122416546-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122419270-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122420009-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122420826-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122421575-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122424547-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122425341-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122426071-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122426808-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122429598-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122430494-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122431300-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122432033-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122434935-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122435700-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122436526-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122437324-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122440558-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122441380-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122442207-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/36/29/2009-sunseeker-37-metre-yacht-power-9923629-20250827122443041-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-21.56895130487792,"est":7.968782904197877,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 22% under model","tone":"strong-buy"},"cashflow":{"acquisition":6.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-0.63,"residual":5.97},{"year":2027,"yearIdx":1,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-1.23,"residual":5.7},{"year":2028,"yearIdx":2,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-1.8,"residual":5.44},{"year":2029,"yearIdx":3,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-2.34,"residual":5.2},{"year":2030,"yearIdx":4,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-2.86,"residual":4.97}],"totalOp":2.86,"totalCharter":0,"net5yr":-2.86,"residualY5":4.97,"netHoldCost":4.14,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.44,"debt":2.81,"rateBps":700,"annualDebtCost":0.2,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$200K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.19,"debt":4.06,"rateBps":700,"annualDebtCost":0.28,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":5.24,"target":5.49,"ceiling":5.74,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 22% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sunseeker, delivered in 2009 at 37m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2006-ferretti-yachts-83-01-ft-yacht-for-sale","name":"Ferretti Yachts 830","builder":"Ferretti Yachts","year":2006,"len":25.3,"price":1.81,"city":"Athens","country":"Greece","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2006-ferretti-yachts-83-01-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T18:16:16.695Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/79/67/2006-ferretti-yachts-830-power-9167967-20240719160814541-1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/78/26/7277826_20221007122236640_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007122927311_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007142955116_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007143140204_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007143459048_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007143626507_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007143956779_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007144015910_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007144032386_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007144046492_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007144621530_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007144635214_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007144655063_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007144710875_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007144720748_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007145432605_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007145446267_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007145507746_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007145519032_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007145530003_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007145542253_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007145634845_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007145645150_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007145656171_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/78/26/7277826_20221007150255987_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-41.46054716680618,"est":3.0919318722666125,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 41% under model","tone":"strong-buy"},"cashflow":{"acquisition":1.81,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.22,"residual":1.73},{"year":2027,"yearIdx":1,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.43,"residual":1.65},{"year":2028,"yearIdx":2,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.63,"residual":1.58},{"year":2029,"yearIdx":3,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-0.82,"residual":1.51},{"year":2030,"yearIdx":4,"opCost":0.18,"charterIncome":0,"netAnnual":-0.18,"cumulative":-1,"residual":1.44}],"totalOp":1,"totalCharter":0,"net5yr":-1,"residualY5":1.44,"netHoldCost":1.37,"netHoldCostPctOfAcq":75.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":1.81,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.18,"debt":0.63,"rateBps":700,"annualDebtCost":0.04,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$40K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.63,"debt":1.18,"rateBps":700,"annualDebtCost":0.08,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.52,"target":1.59,"ceiling":1.66,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Heritage hull (20y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 41% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Yachts, delivered in 2006 at 25m represents the classic-platform era with a documented owner timeline. Lying in Athens, Greece. Presented by Allied Marine.","v":3}},{"id":"allied-2020-azimut-80-ft-yacht-for-sale","name":"Azimut S8","builder":"Azimut","year":2020,"len":24.4,"price":2.99,"city":"Naples","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2020-azimut-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T09:11:16.524Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351831-86.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351831-86.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351831-86.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351528-87.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351842-88.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351553-85.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073331548-77.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351819-84.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351101-78.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351809-81.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351239-89.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351920-79.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351494-82.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351141-80.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073351638-83.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073244327-61.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073244799-62.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073244360-63.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073244455-64.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130072729550-52.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130073244759-60.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130072729430-56.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130072729418-55.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130072729726-54.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130072729947-53.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/81/30/2020-azimut-s8-power-10068130-20260130072729706-58.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","brokerName":"Eric  Frank","brokerPhone":"954.600.0369","_priv":{"estimate":{"delta":-29.11920396838378,"est":4.218349916197777,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 29% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-0.36,"residual":2.81},{"year":2027,"yearIdx":1,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.7,"residual":2.64},{"year":2028,"yearIdx":2,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1.02,"residual":2.48},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.32,"residual":2.33},{"year":2030,"yearIdx":4,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.6,"residual":2.19}],"totalOp":1.6,"totalCharter":0,"net5yr":-1.6,"residualY5":2.19,"netHoldCost":2.4,"netHoldCostPctOfAcq":80.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.64,"debt":1.35,"rateBps":625,"annualDebtCost":0.08,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.05,"debt":1.94,"rateBps":625,"annualDebtCost":0.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":2.64,"target":2.76,"ceiling":2.88,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 29% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Azimut, delivered in 2020 at 24m has settled into its proven-hull period with full systems history. Lying in Naples, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2015-monte-carlo-yachts-86-ft-yacht-for-sale","name":"Monte Carlo Yachts MCY 86","builder":"Monte Carlo Yachts","year":2015,"len":26.2,"price":3.5,"city":"Admirals Cove","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2015-monte-carlo-yachts-86-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T11:36:31.526Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125201734-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125201734-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125204266-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125205157-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125205836-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125206124-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125206435-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125206685-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125207355-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125207610-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125207826-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125208154-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125209037-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125209239-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125209520-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125210154-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125210422-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125330473-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125330739-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125331006-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125332538-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125332827-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125333834-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125334303-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125426238-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/41/88/2015-monte-carlo-yachts-mcy-86-power-10124188-20260323125426480-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-19.450642317521467,"est":4.34516189911386,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 19% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-0.42,"residual":3.34},{"year":2027,"yearIdx":1,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-0.82,"residual":3.19},{"year":2028,"yearIdx":2,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-1.2,"residual":3.05},{"year":2029,"yearIdx":3,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-1.57,"residual":2.91},{"year":2030,"yearIdx":4,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.92,"residual":2.78}],"totalOp":1.92,"totalCharter":0,"net5yr":-1.92,"residualY5":2.78,"netHoldCost":2.64,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.93,"debt":1.57,"rateBps":625,"annualDebtCost":0.1,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.22,"debt":2.28,"rateBps":625,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":3.09,"target":3.23,"ceiling":3.37,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 19% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Monte Carlo Yachts, delivered in 2015 at 26m has settled into its proven-hull period with full systems history. Lying in Admirals Cove, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2018-sunseeker-95-08-ft-yacht-for-sale","name":"Sunseeker 95","builder":"Sunseeker","year":2018,"len":29.2,"price":4.6,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2018-sunseeker-95-08-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T13:15:24.097Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235436380-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235436380-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235639946-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235651465-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235640158-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235822446-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235651247-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235640367-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235822210-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235704777-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235440032-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235822857-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235651685-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235450075-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235828168-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235833563-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235450679-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235827495-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235450460-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235827953-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235822640-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235827719-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235432221-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250824153252786-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235445950-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/10/81/2018-sunseeker-95-yacht-power-9921081-20250823235445787-3.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-27.063996912354106,"est":6.306898932304066,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 27% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.6,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.55,"charterIncome":0,"netAnnual":-0.55,"cumulative":-0.55,"residual":4.32},{"year":2027,"yearIdx":1,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-1.07,"residual":4.06},{"year":2028,"yearIdx":2,"opCost":0.49,"charterIncome":0,"netAnnual":-0.49,"cumulative":-1.56,"residual":3.82},{"year":2029,"yearIdx":3,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-2.02,"residual":3.65},{"year":2030,"yearIdx":4,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-2.46,"residual":3.49}],"totalOp":2.46,"totalCharter":0,"net5yr":-2.46,"residualY5":3.49,"netHoldCost":3.57,"netHoldCostPctOfAcq":77.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 78% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.6,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.53,"debt":2.07,"rateBps":625,"annualDebtCost":0.13,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$130K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.61,"debt":2.99,"rateBps":625,"annualDebtCost":0.19,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.06,"target":4.25,"ceiling":4.43,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 27% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Sunseeker, delivered in 2018 at 29m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2024-sanlorenzo-90-ft-yacht-for-sale-2","name":"Sanlorenzo SL90A","builder":"Sanlorenzo","year":2024,"len":27.4,"price":7.99,"city":"Miami","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2024-sanlorenzo-90-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-16T13:25:56.177Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084942113-4.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084942113-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084945783-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084953966-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084954589-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084733155-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084956270-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084937348-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084938155-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084939988-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084940712-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084941377-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084838253-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084831391-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084837316-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084836398-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084840260-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084841209-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084828269-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084827312-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084830337-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084832549-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084833477-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084826285-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084825172-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/53/7/2024-sanlorenzo-sl90a-power-9925307-20250827084835480-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":3.389616741626939,"est":7.728048765251927,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Fair value · near-new Sanlorenzo","tone":"fair"},"cashflow":{"acquisition":7.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.96,"charterIncome":0,"netAnnual":-0.96,"cumulative":-0.96,"residual":7.51},{"year":2027,"yearIdx":1,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-1.86,"residual":7.25},{"year":2028,"yearIdx":2,"opCost":0.87,"charterIncome":0,"netAnnual":-0.87,"cumulative":-2.73,"residual":7},{"year":2029,"yearIdx":3,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-3.57,"residual":6.75},{"year":2030,"yearIdx":4,"opCost":0.81,"charterIncome":0,"netAnnual":-0.81,"cumulative":-4.38,"residual":6.51}],"totalOp":4.38,"totalCharter":0,"net5yr":-4.38,"residualY5":6.51,"netHoldCost":5.86,"netHoldCostPctOfAcq":73.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 73% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.39,"debt":3.6,"rateBps":625,"annualDebtCost":0.23,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$230K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.8,"debt":5.19,"rateBps":625,"annualDebtCost":0.32,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.11,"target":7.43,"ceiling":7.75,"baselineDiscountPct":7,"strategy":"Segment-typical pricing. Standard 7%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Sanlorenzo — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Tier-A hulls hold value; expect modest 3-6% movement on price but full flexibility on delivery, refit credits, and walkaround inclusions."}],"editorial":"This current-generation Sanlorenzo, delivered in 2024 at 27m carries the full tier-A pedigree and remains in its first-decade window. Lying in Miami, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2011-princess-95-ft-yacht-for-sale","name":"Princess 95","builder":"Princess","year":2011,"len":29,"price":2.2,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2011-princess-95-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-15T08:45:27.068Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084437469-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084437469-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084436115-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084438507-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084435319-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084435620-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084438965-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084440755-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084441002-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084424729-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084424979-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084425406-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084423036-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084431374-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084431182-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084430660-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084433849-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084426284-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084432826-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084424541-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084423306-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084433652-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084422632-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084430856-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084432544-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/67/42/2011-princess-95-power-10046742-20251231084432293-2.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-54.11215115873653,"est":4.794297522227075,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 54% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.26,"residual":2.1},{"year":2027,"yearIdx":1,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.51,"residual":2.01},{"year":2028,"yearIdx":2,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.75,"residual":1.92},{"year":2029,"yearIdx":3,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.98,"residual":1.83},{"year":2030,"yearIdx":4,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-1.2,"residual":1.75}],"totalOp":1.2,"totalCharter":0,"net5yr":-1.2,"residualY5":1.75,"netHoldCost":1.65,"netHoldCostPctOfAcq":75,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.21,"debt":0.99,"rateBps":700,"annualDebtCost":0.07,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.77,"debt":1.43,"rateBps":700,"annualDebtCost":0.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.85,"target":1.93,"ceiling":2.02,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Princess is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 54% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Princess, delivered in 2011 at 29m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2022-princess-95-58-ft-yacht-for-sale-2","name":"Princess X95","builder":"Princess","year":2022,"len":30.4,"price":8.99,"city":"West Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2022-princess-95-58-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-15T08:15:42.922Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20251215084929924-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20251215084929924-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153134451-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153135430-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153135759-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153136127-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153136471-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153535696-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153536002-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153536266-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153536506-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153537357-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153537633-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153537854-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153538166-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153538903-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153539181-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153539441-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153759578-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153759876-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153800175-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153800507-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153801490-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153801797-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153802084-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/86/6/2022-princess-x95-power-10038606-20260305153802429-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":13.386208489464199,"est":7.9286538634329125,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 13% over model","tone":"premium"},"cashflow":{"acquisition":8.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-0.9,"residual":8.45},{"year":2027,"yearIdx":1,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-1.74,"residual":7.94},{"year":2028,"yearIdx":2,"opCost":0.79,"charterIncome":0,"netAnnual":-0.79,"cumulative":-2.53,"residual":7.46},{"year":2029,"yearIdx":3,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-3.28,"residual":7.01},{"year":2030,"yearIdx":4,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-3.98,"residual":6.59}],"totalOp":3.98,"totalCharter":0,"net5yr":-3.98,"residualY5":6.59,"netHoldCost":6.38,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.94,"debt":4.05,"rateBps":625,"annualDebtCost":0.25,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$250K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.15,"debt":5.84,"rateBps":625,"annualDebtCost":0.36,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.52,"target":7.88,"ceiling":8.24,"baselineDiscountPct":12.4,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Princess is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 13% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Princess, delivered in 2022 at 30m runs contemporary mechanicals and reads modern across the deckhouse. Lying in West Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2019-sunseeker-86-ft-yacht-for-sale-2","name":"Sunseeker 86","builder":"Sunseeker","year":2019,"len":26.2,"price":3.79,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2019-sunseeker-86-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-15T22:56:16.682Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141621671-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141621671-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141624603-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141624797-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141625028-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141625243-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141625812-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141626079-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141626261-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141626535-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141627188-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141627472-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141627707-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141627928-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141628404-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141628653-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141628828-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141629000-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141629589-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141629807-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141630034-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141630212-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141630744-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141630971-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141631185-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/44/8/2019-sunseeker-86-yacht-power-10064408-20260205141631403-4.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-25.760984143179975,"est":5.105132330026475,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 26% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.79,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-0.45,"residual":3.56},{"year":2027,"yearIdx":1,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-0.88,"residual":3.35},{"year":2028,"yearIdx":2,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-1.28,"residual":3.15},{"year":2029,"yearIdx":3,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-1.66,"residual":2.96},{"year":2030,"yearIdx":4,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-2.02,"residual":2.83}],"totalOp":2.02,"totalCharter":0,"net5yr":-2.02,"residualY5":2.83,"netHoldCost":2.98,"netHoldCostPctOfAcq":78.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 79% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.79,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.08,"debt":1.71,"rateBps":625,"annualDebtCost":0.11,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$110K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.33,"debt":2.46,"rateBps":625,"annualDebtCost":0.15,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":3.35,"target":3.5,"ceiling":3.65,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 26% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Sunseeker, delivered in 2019 at 26m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2025-custom-line-127-17-ft-yacht-for-sale-2","name":"Custom Line NAVETTA 38","builder":"Custom Line","year":2025,"len":39.1,"price":22.82,"city":"Slovenia","country":"SI","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2025-custom-line-127-17-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-14T02:45:21.336Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200203988-1.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200203988-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200203988-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200221859-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200240553-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200257123-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200316414-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200334338-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200351110-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200411804-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200431698-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200450161-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200509549-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200526599-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200544224-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200603963-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200621436-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200639652-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200658633-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200717851-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200736371-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200756517-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200814790-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200833587-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/57/64/2025-custom-line-navetta-38-power-10045764-20251228200853588-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","brokerName":"Allied Marine","brokerPhone":"+1.954.462.5557","_priv":{"estimate":{"delta":31.544257133241587,"est":17.347773667447566,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 32% over model","tone":"premium"},"cashflow":{"acquisition":22.82,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.28,"charterIncome":0,"netAnnual":-2.28,"cumulative":-2.28,"residual":20.77},{"year":2027,"yearIdx":1,"opCost":2.08,"charterIncome":0,"netAnnual":-2.08,"cumulative":-4.36,"residual":18.9},{"year":2028,"yearIdx":2,"opCost":1.89,"charterIncome":0,"netAnnual":-1.89,"cumulative":-6.25,"residual":17.77},{"year":2029,"yearIdx":3,"opCost":1.78,"charterIncome":0,"netAnnual":-1.78,"cumulative":-8.03,"residual":16.7},{"year":2030,"yearIdx":4,"opCost":1.67,"charterIncome":0,"netAnnual":-1.67,"cumulative":-9.7,"residual":15.7}],"totalOp":9.7,"totalCharter":0,"net5yr":-9.7,"residualY5":15.7,"netHoldCost":16.82,"netHoldCostPctOfAcq":73.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 74% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":22.82,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":10.27,"debt":12.55,"rateBps":625,"annualDebtCost":0.78,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$780K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":7.99,"debt":14.83,"rateBps":625,"annualDebtCost":0.93,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":16.82,"target":17.74,"ceiling":18.65,"baselineDiscountPct":22.3,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 32% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Custom Line, delivered in 2025 at 39m is barely campaigned and reflects current build standards. Lying in Slovenia, Si. Presented by Allied Marine.","v":3}},{"id":"allied-2000-westport-112-ft-yacht-for-sale-2","name":"Westport 112","builder":"Westport","year":2000,"len":34.1,"price":2.3,"city":"Newport Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2000-westport-112-ft-yacht-for-sale-2/","source":"allied","refreshedAt":"2026-05-14T05:00:55.843Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132712431-3.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132712431-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132505350-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132506836-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132507881-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132513189-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132514307-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132515444-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132516549-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132522056-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132523150-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132524214-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132525206-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132530033-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132531027-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132532412-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132533780-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132539303-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132540771-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132541772-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132542771-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132546911-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132547963-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132548874-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132549866-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/4/34/2000-westport-112-power-10030434-20251204132554899-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-57.32611715181471,"est":5.389713441784469,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 57% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.3,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.23,"residual":2.2},{"year":2027,"yearIdx":1,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.45,"residual":2.1},{"year":2028,"yearIdx":2,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.66,"residual":2.01},{"year":2029,"yearIdx":3,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-0.86,"residual":1.92},{"year":2030,"yearIdx":4,"opCost":0.19,"charterIncome":0,"netAnnual":-0.19,"cumulative":-1.05,"residual":1.83}],"totalOp":1.05,"totalCharter":0,"net5yr":-1.05,"residualY5":1.83,"netHoldCost":1.52,"netHoldCostPctOfAcq":66.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.3,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.5,"debt":0.8,"rateBps":700,"annualDebtCost":0.06,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.8,"debt":1.5,"rateBps":700,"annualDebtCost":0.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.93,"target":2.02,"ceiling":2.11,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (26y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 57% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Westport, delivered in 2000 at 34m represents the classic-platform era with a documented owner timeline. Lying in Newport Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2007-sunseeker-108-ft-yacht-for-sale","name":"Sunseeker Predator 108","builder":"Sunseeker","year":2007,"len":32.9,"price":2.7,"city":"Naples","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2007-sunseeker-108-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-16T00:01:20.255Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/97/55/8729755_20230414142208770_1_XLARGE.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/97/55/8729755_20230414142208770_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/97/55/8729755_20230517202118126_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526231324614_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526231424262_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526231433058_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/97/55/8729755_20230517202842018_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/97/55/8729755_20230517202848356_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/97/55/8729755_20230517202854814_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/97/55/8729755_20230517202900053_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/97/55/8729755_20230517202906220_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232054131_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232059475_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232106515_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232110506_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232121186_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232126222_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232132210_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232137994_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232142945_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232148331_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232154229_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232158494_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232203170_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232207816_1_XLARGE.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/6/24/7460624_20220526232213167_1_XLARGE.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","_priv":{"estimate":{"delta":-53.18989582599863,"est":5.767985454515603,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 53% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.7,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.27,"residual":2.58},{"year":2027,"yearIdx":1,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.53,"residual":2.46},{"year":2028,"yearIdx":2,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.78,"residual":2.35},{"year":2029,"yearIdx":3,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-1.02,"residual":2.24},{"year":2030,"yearIdx":4,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-1.24,"residual":2.14}],"totalOp":1.24,"totalCharter":0,"net5yr":-1.24,"residualY5":2.14,"netHoldCost":1.8,"netHoldCostPctOfAcq":66.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.7,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.76,"debt":0.94,"rateBps":700,"annualDebtCost":0.07,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$70K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.94,"debt":1.76,"rateBps":700,"annualDebtCost":0.12,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.27,"target":2.37,"ceiling":2.48,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 53% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sunseeker, delivered in 2007 at 33m represents the classic-platform era with a documented owner timeline. Lying in Naples, Usa. Presented by Allied Marine.","v":3}},{"id":"allied-2013-ferretti-yachts-80-ft-yacht-for-sale","name":"Ferretti Yachts 800","builder":"Ferretti Yachts","year":2013,"len":24.4,"price":2.22,"city":"La Paz","country":"Mexico","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2013-ferretti-yachts-80-ft-yacht-for-sale/","source":"allied","refreshedAt":"2026-05-13T16:46:20.663Z","photoUrl":"https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20260127090740373-0.jpg","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20260127090740373-0.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002101022032-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002101026678-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002101022901-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002101029641-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002101023781-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002101024671-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002095121104-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002101031250-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002095128182-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002095122120-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002095127156-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20250930111042995-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002095126188-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002095125198-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002100042853-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002100037926-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002100043882-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002100041867-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002100038958-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002100036926-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002100046709-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002100039933-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002100044890-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/29/72/2013-ferretti-yachts-800-power-9962972-20251002100602046-1.jpg"],"brokerFirm":"Allied Marine","brokerEmail":"sales@alliedmarine.com","brokerName":"Allied Marine","brokerPhone":"+1.954.462.5557","_priv":{"estimate":{"delta":-37.963880640766476,"est":3.578560398248981,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 38% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.22,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-0.27,"residual":2.12},{"year":2027,"yearIdx":1,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.52,"residual":2.02},{"year":2028,"yearIdx":2,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.76,"residual":1.93},{"year":2029,"yearIdx":3,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.99,"residual":1.84},{"year":2030,"yearIdx":4,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-1.21,"residual":1.76}],"totalOp":1.21,"totalCharter":0,"net5yr":-1.21,"residualY5":1.76,"netHoldCost":1.67,"netHoldCostPctOfAcq":75.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.22,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.22,"debt":1,"rateBps":625,"annualDebtCost":0.06,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$60K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.78,"debt":1.44,"rateBps":625,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":1.86,"target":1.95,"ceiling":2.04,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 38% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Yachts, delivered in 2013 at 24m represents the classic-platform era with a documented owner timeline. Lying in La Paz, Mexico. Presented by Allied Marine.","v":3}},{"id":"allied-2007-hatteras-80-ft-yacht-for-sale-3","name":"Hatteras 80","builder":"Hatteras","year":2007,"len":24.4,"price":2.19,"city":"Palm Beach","country":"USA","sourceUrl":"https://alliedmarine.com/used-yachts-for-sale/2007-hatteras-80-ft-yacht-for-sale-3/","source":"allied","refreshedAt":"2026-05-11T23:42:03.495Z","photoUrl":"https://alliedmarine.com/wp-content/themes/allied-marine-theme/img/menu.svg","brokerEmail":"sales@alliedmarine.com","brokerFirm":"Allied Marine","photos":["https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=1920,height=1080/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084835397-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084843472-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084844175-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084844836-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084845555-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084847677-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084848320-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084849020-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084849756-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084853035-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084853845-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084854734-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084855620-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084859077-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084900026-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084900932-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306084902023-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306085154948-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306085155937-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306085156901-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306085157704-4.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306085200695-1.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306085201602-2.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306085202537-3.jpg","https://alliedmarine.p7img.io/cdn-cgi/image/fit=cover,gravity=auto,width=800,height=600/https://images.boatsgroup.com/images/1/27/7/2005-hatteras-80-motor-yacht-power-10102707-20260306085203537-4.jpg"],"_priv":{"estimate":{"delta":-23.811656970633944,"est":2.874455478255887,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 24% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.19,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.26,"charterIncome":0,"netAnnual":-0.26,"cumulative":-0.26,"residual":2.09},{"year":2027,"yearIdx":1,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-0.51,"residual":2},{"year":2028,"yearIdx":2,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.75,"residual":1.91},{"year":2029,"yearIdx":3,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.98,"residual":1.82},{"year":2030,"yearIdx":4,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-1.2,"residual":1.74}],"totalOp":1.2,"totalCharter":0,"net5yr":-1.2,"residualY5":1.74,"netHoldCost":1.65,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.19,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.42,"debt":0.77,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.77,"debt":1.42,"rateBps":700,"annualDebtCost":0.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.84,"target":1.93,"ceiling":2.01,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 24% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hatteras, delivered in 2007 at 24m represents the classic-platform era with a documented owner timeline. Lying in Palm Beach, Usa. Presented by Allied Marine.","v":3}},{"id":"atlantic-2802451","name":"2008 Lazzara Yachts 116 \"Serenity\"","builder":"Lazzara","year":2008,"len":35.4,"price":4.29,"city":"Palm Beach","country":"Florida","sourceUrl":"https://atlanticyachtandship.com/used-yachts-for-sale/2008-lazzara-yachts-116-serenity/2802451/","source":"atlantic","refreshedAt":"2026-05-16T17:46:45.049Z","photoUrl":"https://cdn.yachtbroker.org/images/highdef/2802451_540d1eb2_94.jpg.webp","photos":["https://cdn.yachtbroker.org/images/highdef/2802451_540d1eb2_94.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_c649ebc6_11.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_b2fb4eb1_12.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_4a088483_14.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_971f2929_15.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_65f748fe_16.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_0c96252a_17.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_03269b23_85.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_9a906f25_84.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_94523924_86.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_f38d0914_82.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_eb52af3b_80.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_1871fd2d_74.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_0d0ba195_75.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_a5d016d4_77.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_773904fd_79.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_1202a6b3_30.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_125e6862_134.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_d915c830_141.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_d51e6f5d_138.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_7884251e_143.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_9b7f10e1_55.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_91977698_57.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_b264815f_62.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2802451_47e860a5_63.jpg.webp"],"videoId":"wx87pzJum3k","videoSource":"youtube","brokerFirm":"Atlantic Yacht & Ship","brokerEmail":"info@atlanticyachtandship.com","_priv":{"estimate":{"delta":-39.43648751159111,"est":7.083472909238964,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 39% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.29,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-0.43,"residual":4.1},{"year":2027,"yearIdx":1,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-0.84,"residual":3.92},{"year":2028,"yearIdx":2,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-1.23,"residual":3.74},{"year":2029,"yearIdx":3,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-1.6,"residual":3.57},{"year":2030,"yearIdx":4,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.96,"residual":3.41}],"totalOp":1.96,"totalCharter":0,"net5yr":-1.96,"residualY5":3.41,"netHoldCost":2.84,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.29,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.79,"debt":1.5,"rateBps":700,"annualDebtCost":0.1,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.5,"debt":2.79,"rateBps":700,"annualDebtCost":0.2,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.6,"target":3.77,"ceiling":3.94,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 39% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Lazzara, delivered in 2008 at 35m represents the classic-platform era with a documented owner timeline. Lying in Palm Beach, Florida. Presented by Atlantic Yacht & Ship.","v":3}},{"id":"atlantic-2839653","name":"2017 Horizon RP120 \"Short Story\"","builder":"Horizon","year":2017,"len":37.2,"price":11.99,"city":"Jupiter","country":"Florida","sourceUrl":"https://atlanticyachtandship.com/used-yachts-for-sale/2017-horizon-rp120-short-story/2839653/","source":"atlantic","refreshedAt":"2026-05-16T17:46:54.575Z","photoUrl":"https://cdn.yachtbroker.org/images/highdef/2839653_fa5ce464_1.jpg.webp","photos":["https://cdn.yachtbroker.org/images/highdef/2839653_fa5ce464_1.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_185b3674_8.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_f01b6825_9.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_b3d72dc0_18.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_bf3f478b_16.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_8b7eaa65_17.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_e74c7e22_19.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_86163677_26.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_1f0b8cc4_25.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_7d222093_28.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_d6838326_27.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_8652e24f_24.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_27c188fe_65.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_5fcdb476_67.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_5436b7aa_66.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_2c410ea4_63.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_c9914cbb_64.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_da2e7c8a_20.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_a9bf643c_21.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_ea1c2e6d_22.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_5689c3d5_23.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_b874a505_62.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_5810d457_86.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_705a43da_88.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2839653_0063f477_87.jpg.webp"],"videoId":"4e0sqv9K-HM","videoSource":"youtube","brokerFirm":"Atlantic Yacht & Ship","brokerEmail":"info@atlanticyachtandship.com","_priv":{"estimate":{"delta":24.022739914061646,"est":9.667581935625806,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 24% over model","tone":"premium"},"cashflow":{"acquisition":11.99,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.2,"charterIncome":0,"netAnnual":-1.2,"cumulative":-1.2,"residual":11.27},{"year":2027,"yearIdx":1,"opCost":1.13,"charterIncome":0,"netAnnual":-1.13,"cumulative":-2.33,"residual":10.59},{"year":2028,"yearIdx":2,"opCost":1.06,"charterIncome":0,"netAnnual":-1.06,"cumulative":-3.39,"residual":10.11},{"year":2029,"yearIdx":3,"opCost":1.01,"charterIncome":0,"netAnnual":-1.01,"cumulative":-4.4,"residual":9.66},{"year":2030,"yearIdx":4,"opCost":0.97,"charterIncome":0,"netAnnual":-0.97,"cumulative":-5.37,"residual":9.23}],"totalOp":5.37,"totalCharter":0,"net5yr":-5.37,"residualY5":9.23,"netHoldCost":8.13,"netHoldCostPctOfAcq":67.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 68% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":11.99,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.59,"debt":5.4,"rateBps":625,"annualDebtCost":0.34,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$340K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.2,"debt":7.79,"rateBps":625,"annualDebtCost":0.49,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":8.69,"target":9.17,"ceiling":9.65,"baselineDiscountPct":23.5,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 24% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Horizon, delivered in 2017 at 37m has settled into its proven-hull period with full systems history. Lying in Jupiter, Florida. Presented by Atlantic Yacht & Ship.","v":3}},{"id":"atlantic-2849158","name":"2014 Sunseeker 131 \"Marin\"","builder":"Sunseeker","year":2014,"len":39.9,"price":8.2,"city":"Fort Lauderdale","country":"Florida","sourceUrl":"https://atlanticyachtandship.com/used-yachts-for-sale/2014-sunseeker-131-marin/2849158/","source":"atlantic","refreshedAt":"2026-05-16T17:46:23.233Z","photoUrl":"https://cdn.yachtbroker.org/images/highdef/2849158_dcb06408_2.jpg.webp","photos":["https://cdn.yachtbroker.org/images/highdef/2849158_dcb06408_2.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_0dcf4a60_56.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_ac86a6f5_55.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_7779daad_18.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_cc681b96_16.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_dbe9982c_20.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_6c335235_21.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_7b4c2884_6.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_52cb92b8_22.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_d873a263_23.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_618b4ddd_25.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_83b4d584_24.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_3950baef_27.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_c6ea3730_7.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_1c83c6da_14.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_73822e3b_48.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_0f271234_49.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_b6621b3e_43.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_aec6a8db_44.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_1fa03d3a_45.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_2925a357_47.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_26ff375a_28.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_26acb88b_8.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_c7286bd1_29.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2849158_2c33f57f_9.jpg.webp"],"brokerFirm":"Atlantic Yacht & Ship","brokerEmail":"info@atlanticyachtandship.com","_priv":{"estimate":{"delta":-26.646818981667135,"est":11.178792638795864,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 27% under model","tone":"strong-buy"},"cashflow":{"acquisition":8.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.82,"charterIncome":0,"netAnnual":-0.82,"cumulative":-0.82,"residual":7.83},{"year":2027,"yearIdx":1,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-1.6,"residual":7.48},{"year":2028,"yearIdx":2,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-2.35,"residual":7.14},{"year":2029,"yearIdx":3,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-3.06,"residual":6.82},{"year":2030,"yearIdx":4,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-3.74,"residual":6.51}],"totalOp":3.74,"totalCharter":0,"net5yr":-3.74,"residualY5":6.51,"netHoldCost":5.43,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.51,"debt":3.69,"rateBps":625,"annualDebtCost":0.23,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$230K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.87,"debt":5.33,"rateBps":625,"annualDebtCost":0.33,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":7.24,"target":7.57,"ceiling":7.9,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 27% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Sunseeker, delivered in 2014 at 40m has settled into its proven-hull period with full systems history. Lying in Fort Lauderdale, Florida. Presented by Atlantic Yacht & Ship.","v":3}},{"id":"atlantic-2846311","name":"2009 Hargrave \"Okie Dokie\"","builder":"Hargrave","year":2009,"len":26.8,"price":2.85,"city":"Dania Beach","country":"Florida","sourceUrl":"https://atlanticyachtandship.com/used-yachts-for-sale/2009-hargrave-okie-dokie/2846311/","source":"atlantic","refreshedAt":"2026-05-16T17:47:04.278Z","photoUrl":"https://cdn.yachtbroker.org/images/highdef/2846311_124de81a_88.jpg.webp","photos":["https://cdn.yachtbroker.org/images/highdef/2846311_124de81a_88.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_d52b5127_29.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_03b9e63d_26.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_ea6a39dd_28.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_767139cd_11.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_408c90fd_12.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_a2470944_75.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_62f78e36_27.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_7b25debe_24.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_e10725fb_25.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_c7c9b82f_2.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_cfc55207_3.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_b5af3d6d_4.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_39038bdb_5.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_637e482e_6.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_5a21b76f_8.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_90eebfdb_9.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_1d1917ef_7.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_608ba1f1_13.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_5e7b2875_14.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_041bfc17_15.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_17f2350f_16.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_59161d86_17.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_385b1b81_41.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2846311_4843fe47_43.jpg.webp"],"videoId":"rxhMnppsRVs","videoSource":"youtube","brokerFirm":"Atlantic Yacht & Ship","brokerEmail":"info@atlanticyachtandship.com","_priv":{"estimate":{"delta":-24.23626570528166,"est":3.7616942017583206,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 24% under model","tone":"strong-buy"},"cashflow":{"acquisition":2.85,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-0.34,"residual":2.72},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.67,"residual":2.6},{"year":2028,"yearIdx":2,"opCost":0.31,"charterIncome":0,"netAnnual":-0.31,"cumulative":-0.98,"residual":2.48},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.28,"residual":2.37},{"year":2030,"yearIdx":4,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.56,"residual":2.26}],"totalOp":1.56,"totalCharter":0,"net5yr":-1.56,"residualY5":2.26,"netHoldCost":2.15,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2.85,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.57,"debt":1.28,"rateBps":700,"annualDebtCost":0.09,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1,"debt":1.85,"rateBps":700,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.39,"target":2.51,"ceiling":2.62,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 24% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Hargrave, delivered in 2009 at 27m represents the classic-platform era with a documented owner timeline. Lying in Dania Beach, Florida. Presented by Atlantic Yacht & Ship.","v":3}},{"id":"atlantic-2828900","name":"2001 Westport 112 Westport \"Island Girl\"","builder":"Westport","year":2001,"len":34.1,"price":3.19,"city":"Fort Lauderdale","country":"Florida","sourceUrl":"https://atlanticyachtandship.com/used-yachts-for-sale/2001-westport-112-westport-island-girl/2828900/","source":"atlantic","refreshedAt":"2026-05-16T17:47:11.126Z","photoUrl":"https://cdn.yachtbroker.org/images/highdef/2828900_7dc4783c_1.jpg.webp","photos":["https://cdn.yachtbroker.org/images/highdef/2828900_7dc4783c_1.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_4e7ae6ac_9.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_f732a2d7_10.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_3fa01346_11.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_ad202f45_12.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_ca2b3cbe_13.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_34baac0a_14.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_fb162765_15.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_d31d1f2a_16.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_9c02acdf_17.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_b7c148fc_18.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_97e4aa6e_19.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_c386540e_20.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_63bb1358_21.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_c05b6ce5_22.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_63c8fb99_23.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_768c53b3_24.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_cddf91a1_25.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_f911f596_26.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_e59f3707_27.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_2c660276_28.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_1b513885_29.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_f4bc8aee_30.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_e53be465_31.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2828900_48dae19b_32.jpg.webp"],"brokerFirm":"Atlantic Yacht & Ship","brokerEmail":"info@atlanticyachtandship.com","_priv":{"estimate":{"delta":-40.415444444543006,"est":5.353736333622525,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 40% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.19,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-0.32,"residual":3.05},{"year":2027,"yearIdx":1,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.62,"residual":2.91},{"year":2028,"yearIdx":2,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-0.91,"residual":2.78},{"year":2029,"yearIdx":3,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-1.19,"residual":2.65},{"year":2030,"yearIdx":4,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-1.46,"residual":2.53}],"totalOp":1.46,"totalCharter":0,"net5yr":-1.46,"residualY5":2.53,"netHoldCost":2.12,"netHoldCostPctOfAcq":66.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.19,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.07,"debt":1.12,"rateBps":700,"annualDebtCost":0.08,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.12,"debt":2.07,"rateBps":700,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.68,"target":2.8,"ceiling":2.93,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 40% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Westport, delivered in 2001 at 34m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Florida. Presented by Atlantic Yacht & Ship.","v":3}},{"id":"atlantic-2845733","name":"2026 Pearl 100 Hybrid","builder":"Pearl","year":2026,"len":30.5,"price":9.7,"city":"Dania Beach","country":"Florida","sourceUrl":"https://atlanticyachtandship.com/new-yachts-for-sale/2026-pearl-100-hybrid/2845733/","source":"atlantic","refreshedAt":"2026-05-16T17:47:15.890Z","photoUrl":"https://cdn.yachtbroker.org/images/highdef/2845733_44ad06e5_1.jpg.webp","photos":["https://cdn.yachtbroker.org/images/highdef/2845733_44ad06e5_1.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2845733_1a85ceee_11.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2845733_4096e7b9_13.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2845733_b3e1648a_14.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2845733_af73991b_15.jpg.webp"],"brokerFirm":"Atlantic Yacht & Ship","brokerEmail":"info@atlanticyachtandship.com","_priv":{"estimate":{"delta":4.614552968280348,"est":9.272132532976638,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":9.7,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.97,"charterIncome":0,"netAnnual":-0.97,"cumulative":-0.97,"residual":8.83},{"year":2027,"yearIdx":1,"opCost":0.88,"charterIncome":0,"netAnnual":-0.88,"cumulative":-1.85,"residual":8.04},{"year":2028,"yearIdx":2,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-2.65,"residual":7.32},{"year":2029,"yearIdx":3,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-3.38,"residual":6.88},{"year":2030,"yearIdx":4,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-4.07,"residual":6.47}],"totalOp":4.07,"totalCharter":0,"net5yr":-4.07,"residualY5":6.47,"netHoldCost":7.3,"netHoldCostPctOfAcq":75.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.7,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.33,"debt":4.37,"rateBps":625,"annualDebtCost":0.27,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$270K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.39,"debt":6.31,"rateBps":625,"annualDebtCost":0.39,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.44,"target":8.83,"ceiling":9.21,"baselineDiscountPct":9,"strategy":"Segment-typical pricing. Standard 9%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This current-generation Pearl, delivered in 2026 at 31m is barely campaigned and reflects current build standards. Lying in Dania Beach, Florida. Presented by Atlantic Yacht & Ship.","v":3}},{"id":"atlantic-2822477","name":"2026 Pearl 82","builder":"Pearl","year":2026,"len":25,"price":9.7,"city":"Dania Beach","country":"Florida","sourceUrl":"https://atlanticyachtandship.com/new-yachts-for-sale/2026-pearl-82/2822477/","source":"atlantic","refreshedAt":"2026-05-16T17:47:18.199Z","photoUrl":"https://cdn.yachtbroker.org/images/highdef/2822477_670aabe4_1.jpg.webp","photos":["https://cdn.yachtbroker.org/images/highdef/2822477_670aabe4_1.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_eeb7268c_9.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_98280edb_10.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_fd6a0263_11.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_1a23bfda_12.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_5cf98011_13.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_eab11528_14.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_3508062a_15.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_e5486f9b_16.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_92cfa6bc_17.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_604ac33e_18.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_3b77a56f_19.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_48cba9e1_20.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_de8ba2a0_21.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_f7f7fc28_22.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_93d0825b_23.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_313c9192_24.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_400dca02_25.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_1e857ee5_26.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_9d3dc26a_27.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_68fd2ccb_28.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_df575614_29.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_458f3f87_30.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_e11ef29c_31.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2822477_468d6e17_32.jpg.webp"],"videoId":"KO57IF1L5qo","videoSource":"youtube","brokerFirm":"Atlantic Yacht & Ship","brokerEmail":"info@atlanticyachtandship.com","_priv":{"estimate":{"delta":63.644616477888974,"est":5.927478831123434,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 64% over model","tone":"premium"},"cashflow":{"acquisition":9.7,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.16,"charterIncome":0,"netAnnual":-1.16,"cumulative":-1.16,"residual":8.83},{"year":2027,"yearIdx":1,"opCost":1.06,"charterIncome":0,"netAnnual":-1.06,"cumulative":-2.22,"residual":8.04},{"year":2028,"yearIdx":2,"opCost":0.96,"charterIncome":0,"netAnnual":-0.96,"cumulative":-3.18,"residual":7.32},{"year":2029,"yearIdx":3,"opCost":0.88,"charterIncome":0,"netAnnual":-0.88,"cumulative":-4.06,"residual":6.88},{"year":2030,"yearIdx":4,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-4.89,"residual":6.47}],"totalOp":4.89,"totalCharter":0,"net5yr":-4.89,"residualY5":6.47,"netHoldCost":8.12,"netHoldCostPctOfAcq":83.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 84% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.7,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.33,"debt":4.37,"rateBps":625,"annualDebtCost":0.27,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$270K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.39,"debt":6.31,"rateBps":625,"annualDebtCost":0.39,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.21,"target":6.6,"ceiling":6.98,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 64% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Pearl, delivered in 2026 at 25m is barely campaigned and reflects current build standards. Lying in Dania Beach, Florida. Presented by Atlantic Yacht & Ship.","v":3}},{"id":"atlantic-2811167","name":"2009 Horizon Model Tri-Deck \"STATUS QUO\"","builder":"Horizon","year":2009,"len":41.1,"price":7.25,"city":"Fort lauderdale","country":"Florida","sourceUrl":"https://atlanticyachtandship.com/used-yachts-for-sale/2009-horizon-model-tri-deck-status-quo/2811167/","source":"atlantic","refreshedAt":"2026-05-16T17:48:40.773Z","photoUrl":"https://cdn.yachtbroker.org/images/highdef/2811167_4beb027c_1.jpg.webp","photos":["https://cdn.yachtbroker.org/images/highdef/2811167_4beb027c_1.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_831de76b_11.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_8e765cd6_12.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_20bd83e5_13.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_de29c38a_14.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_1b6d1da1_15.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_26f1d75c_16.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_3899a402_17.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_96d274ba_18.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_269c13b9_19.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_7af28271_20.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_9b44f1df_21.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_cbf12ad3_22.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_78c1e6cf_23.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_970d76c5_24.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_fd7b69c9_25.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_ea9a188b_26.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_a6e17806_27.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_746bf371_28.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_81e093d5_29.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_59287541_30.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_a6f67e65_31.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_9c0fc8fc_34.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_cbffb636_35.jpg.webp","https://cdn.yachtbroker.org/images/highdef/2811167_28a790ae_36.jpg.webp"],"videoId":"IcBYyKJmnPY","videoSource":"youtube","brokerFirm":"Atlantic Yacht & Ship","brokerEmail":"info@atlanticyachtandship.com","_priv":{"estimate":{"delta":-22.268902061973815,"est":9.327026366950733,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 22% under model","tone":"strong-buy"},"cashflow":{"acquisition":7.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-0.73,"residual":6.92},{"year":2027,"yearIdx":1,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-1.42,"residual":6.61},{"year":2028,"yearIdx":2,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-2.08,"residual":6.31},{"year":2029,"yearIdx":3,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-2.71,"residual":6.03},{"year":2030,"yearIdx":4,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-3.31,"residual":5.76}],"totalOp":3.31,"totalCharter":0,"net5yr":-3.31,"residualY5":5.76,"netHoldCost":4.8,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.99,"debt":3.26,"rateBps":700,"annualDebtCost":0.23,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$230K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.54,"debt":4.71,"rateBps":700,"annualDebtCost":0.33,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":6.08,"target":6.37,"ceiling":6.66,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 22% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Horizon, delivered in 2009 at 41m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, Florida. Presented by Atlantic Yacht & Ship.","v":3}},{"id":"edmiston-5113","name":"Musha","builder":"Sanlorenzo","year":2012,"len":31.7,"price":4.86,"city":"Italy","country":"United Kingdom","sourceUrl":"https://www.edmiston.com/5113/musha-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:20:55.196Z","photoUrl":"https://origin.edmiston.com/lib/image/a7155be82ba08a489c87cb672d19d7fc69c598c2/large_3164020.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/a7155be82ba08a489c87cb672d19d7fc69c598c2/large_3164020.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/9542d1ddff71b53496a9cb831fa04c4908a9697e/large_3164025.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/d72f1bc2a7607e3cc20e5c4747d38205e781d6e6/large_3164034.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/3ea7286990f57e62bdbdb4e64eea43f0e76f7852/large_3164026.jpg","https://origin.edmiston.com/lib/image/428867f5731b9e8ca68314f94a710821b7ab4076/large_3164027.jpg","https://origin.edmiston.com/lib/image/dfce28c58765d38d69f67650495628e169dab1e0/large_3164028.jpg"],"mmsi":"232019912","callsign":"MEMZ6","beam":7,"datalasticUuid":"2023d9ad-a0d7-7e6b-bc60-aebdf11abc9e","_priv":{"estimate":{"delta":-33.07050409409823,"est":7.261372484909828,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 33% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":4.86,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.49,"charterIncome":0,"netAnnual":-0.49,"cumulative":-0.49,"residual":4.74},{"year":2027,"yearIdx":1,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-0.96,"residual":4.62},{"year":2028,"yearIdx":2,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-1.42,"residual":4.5},{"year":2029,"yearIdx":3,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-1.87,"residual":4.39},{"year":2030,"yearIdx":4,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-2.31,"residual":4.28}],"totalOp":2.31,"totalCharter":0,"net5yr":-2.31,"residualY5":4.28,"netHoldCost":2.89,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.86,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.67,"debt":2.19,"rateBps":625,"annualDebtCost":0.14,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$140K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.7,"debt":3.16,"rateBps":625,"annualDebtCost":0.2,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.18,"target":4.38,"ceiling":4.57,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Sanlorenzo — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 33% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Sanlorenzo, delivered in 2012 at 32m carries the full tier-A pedigree under proven systems. Lying in Italy, United Kingdom.","v":3}},{"id":"edmiston-2472","name":"Mariette of 1915","builder":"Herreshoff Manufacturing Co.","year":1915,"len":38,"price":7.56,"city":"","country":"","sourceUrl":"https://www.edmiston.com/2472/mariette-of-1915-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:20:56.594Z","photoUrl":"https://origin.edmiston.com/lib/image/504ed204df180caf0313bc3ac5de5f1d3c83e4b6/1+-+_DSC3280.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/504ed204df180caf0313bc3ac5de5f1d3c83e4b6/1+-+_DSC3280.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/6281361fcc71022aaf9b7f1aa6f022a5e6a3bbb0/5+-+_DSC3109.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/3fc888c820fe54682b91edc711bd75564e349541/17+-+_DSC3196.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/7e36ef123ad1ad3ee009f5074d4e8f8c293b439a/2+-+DJI_20240424112120_0176_D.jpg","https://origin.edmiston.com/lib/image/3c4d41d360491e1c8b98c6352e6a580b565c6e45/3+-+_DSC3105.jpg","https://origin.edmiston.com/lib/image/26d80539a357c5d748286a57c0ea089e3edcf708/4+-_DSC3090.jpg","https://origin.edmiston.com/lib/image/e440df0a3a8ceead6dad7b9ce1ac7e83377de400/upper-deck-1.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/3a6db845b0c879311c295b0ec444daf255cf5e1d/main-deck-1.jpg?x=1139&crop"],"_priv":{"estimate":{"delta":75.66624641515169,"est":4.303615608734228,"label":"Over","cls":"o"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No engine hours","No location","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":7.56,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.76,"charterIncome":0,"netAnnual":-0.76,"cumulative":-0.76,"residual":7.22},{"year":2027,"yearIdx":1,"opCost":0.72,"charterIncome":0,"netAnnual":-0.72,"cumulative":-1.48,"residual":6.9},{"year":2028,"yearIdx":2,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-2.17,"residual":6.59},{"year":2029,"yearIdx":3,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-2.83,"residual":6.29},{"year":2030,"yearIdx":4,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-3.46,"residual":6.01}],"totalOp":3.46,"totalCharter":0,"net5yr":-3.46,"residualY5":6.01,"netHoldCost":5.01,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.56,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.91,"debt":2.65,"rateBps":700,"annualDebtCost":0.19,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$190K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.65,"debt":4.91,"rateBps":700,"annualDebtCost":0.34,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":4.84,"target":5.14,"ceiling":5.44,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (111y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 76% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Herreshoff Manufacturing Co., delivered in 1915 at 38m represents the classic-platform era with a documented owner timeline.","v":3}},{"id":"edmiston-1631","name":"Fidelis","builder":"Perini Navi","year":0,"len":56,"price":29.7,"city":"","country":"","sourceUrl":"https://www.edmiston.com/1631/fidelis-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:20:57.997Z","photoUrl":"https://origin.edmiston.com/lib/image/e238393e633b41b55f27e93a479a8591d2576498/Fidelis+%C2%A9+YachtShot+H107-crop.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/e238393e633b41b55f27e93a479a8591d2576498/Fidelis+%C2%A9+YachtShot+H107-crop.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/1259aedc028cf866227693711fd47f2d51ae09ba/Fidelis+%C2%A9+YachtShot+H030.JPG?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/4f06f46d9c0e49e5fcb88e0f041b56c64aab2980/Fidelis+%C2%A9+YachtShot+H022.JPG?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/3e1b5844dd7a21a0635c0319b4aa85b426056a78/Fidelis+%C2%A9+YachtShot+H108.JPG","https://origin.edmiston.com/lib/image/9ff40f49b4319fdf5f7efc53cced9a002adf21d3/Fidelis+%C2%A9+YachtShot+H021.JPG","https://origin.edmiston.com/lib/image/4e75a79820b4977a90a83612eae00a0cd549fc72/Fidelis+%C2%A9+YachtShot+H034.JPG","https://origin.edmiston.com/lib/image/ec88280c4a071b1259a0cea8ba9ac417aec0a0f3/upper-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/90455a6febf8a3a764e6fa98c2f93035ff6fb6e9/main-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/3b233eb7bdd21e9284b7019741b94df9f921969f/lower-deck.jpg?x=1139&crop"],"mmsi":"244252818","_priv":{"estimate":{"delta":176.677852376659,"est":10.734505759993944,"label":"Over","cls":"o"},"listing":{"score":64,"tone":"sparse","label":"Sparse listing · 4 gaps","gaps":["No build year","No engine hours","No location","No broker identified"]},"deal":{"verdict":"Premium ask · 177% over model","tone":"premium"},"cashflow":{"acquisition":29.7,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.97,"charterIncome":0,"netAnnual":-2.97,"cumulative":-2.97,"residual":28.66},{"year":2027,"yearIdx":1,"opCost":2.87,"charterIncome":0,"netAnnual":-2.87,"cumulative":-5.84,"residual":27.66},{"year":2028,"yearIdx":2,"opCost":2.77,"charterIncome":0,"netAnnual":-2.77,"cumulative":-8.61,"residual":26.69},{"year":2029,"yearIdx":3,"opCost":2.67,"charterIncome":0,"netAnnual":-2.67,"cumulative":-11.28,"residual":25.76},{"year":2030,"yearIdx":4,"opCost":2.58,"charterIncome":0,"netAnnual":-2.58,"cumulative":-13.86,"residual":24.86}],"totalOp":13.86,"totalCharter":0,"net5yr":-13.86,"residualY5":24.86,"netHoldCost":18.7,"netHoldCostPctOfAcq":63,"verdict":"Private use, no charter income modelled. Effective hold cost: 63% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":29.7,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":13.36,"debt":16.34,"rateBps":625,"annualDebtCost":1.02,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.0M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":10.39,"debt":19.31,"rateBps":625,"annualDebtCost":1.21,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":19.01,"target":20.2,"ceiling":21.38,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Perini Navi — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 177% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This Perini Navi, 56m on deck carries the full tier-A pedigree under proven systems.","v":3}},{"id":"edmiston-833","name":"Asahi","builder":"Perini Navi","year":2009,"len":56,"price":0,"city":"Palma","country":"Cayman Islands","sourceUrl":"https://www.edmiston.com/833/asahi-yacht-charter/","source":"edmiston","refreshedAt":"2026-05-16T18:01:15.380Z","photoUrl":"https://origin.edmiston.com/lib/image/7bc155460d34fe6ab8ddb1c6571f54f841be4177/Cover.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/7bc155460d34fe6ab8ddb1c6571f54f841be4177/Cover.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/235fc65379f1502e97dbb51387292edf98c1e4e1/AA_9A0553.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/21de1e5290a882d7a7bc8943832eba90d6f8c669/AA_5298-Edit.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/08fb64a5e5b5cea0ee01cc662365b816362ce07c/AA_5257NR.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/7f20de4799056a5d196186f084558f56b3d2c3f1/AA_9A0574.jpg","https://origin.edmiston.com/lib/image/d42bce83ecd889094160a8d9f885bac9b8523dad/AA_0272NR.jpg","https://origin.edmiston.com/lib/image/66ef0b9a5dc127519617859d0c7636bc3d2d8369/AA_20240131213732_0003_D.jpg","https://origin.edmiston.com/lib/image/cff16fb39a146a4b20cf9645ae633fb1655bbb68/2024-02-29-edmiston%2Ccom-charter-ga-lower-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/6cfba58429d5d5bd9290ae79738292d5d91057a7/2024-02-29-edmiston%2Ccom-charter-ga-main-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/1b9c41219d574f3621991d36e4e2d2268dfd4440/2024-02-29-edmiston%2Ccom-charter-ga-upper-deck.jpg?x=1139&crop"],"charterAvailable":true,"lastAisCoord":{"lat":39.55654,"lon":2.62797,"ts":"2026-05-16T17:40:57.855Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":39.55654,"lon":2.62797,"imo":"9547635","mmsi":"319266000","callsign":"ZGBG5","beam":11.51,"draught":4.5,"datalasticUuid":"0d6840cc-753e-3e5b-492f-bf46844b9a1f","_priv":{"estimate":{"delta":-100,"est":22.025493634179405,"label":"Under","cls":"u"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No asking price","No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 100% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":22.025493634179405,"isPOA":true,"rows":[{"year":2026,"yearIdx":0,"opCost":2.2,"charterIncome":1.6,"netAnnual":-0.6,"cumulative":-0.6,"residual":21.47},{"year":2027,"yearIdx":1,"opCost":2.15,"charterIncome":1.6,"netAnnual":-0.55,"cumulative":-1.15,"residual":20.93},{"year":2028,"yearIdx":2,"opCost":2.09,"charterIncome":1.6,"netAnnual":-0.49,"cumulative":-1.64,"residual":20.41},{"year":2029,"yearIdx":3,"opCost":2.04,"charterIncome":1.6,"netAnnual":-0.44,"cumulative":-2.08,"residual":19.9},{"year":2030,"yearIdx":4,"opCost":1.99,"charterIncome":1.6,"netAnnual":-0.39,"cumulative":-2.47,"residual":19.4}],"totalOp":10.47,"totalCharter":8,"net5yr":-2.47,"residualY5":19.4,"netHoldCost":5.1,"netHoldCostPctOfAcq":23.2,"verdict":"Charter offsets ~76% of operating cost. Effective hold cost: 23% of acquisition over 5 years.","tone":"fair"},"capStack":null,"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":null,"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Perini Navi — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 100% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Perini Navi, delivered in 2009 at 56m carries the full tier-A pedigree under proven systems. Lying in Palma, Cayman Islands, with charter dates available.","v":3}},{"id":"edmiston-8102","name":"X-Space / 8","builder":"Sanlorenzo","year":0,"len":44.7,"price":35.64,"city":"","country":"","sourceUrl":"https://www.edmiston.com/8102/x-space---8-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:00.821Z","photoUrl":"https://origin.edmiston.com/lib/image/d44870cf6f7cf6e85b1921824f2ff22fdb488a7a/1982it-01---N_45XPS_RE_2024-05-08_Fotocamera-1_214.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/d44870cf6f7cf6e85b1921824f2ff22fdb488a7a/1982it-01---N_45XPS_RE_2024-05-08_Fotocamera-1_214.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/69daea383bdf5f89c2578dab8e7a4a153d0afc0f/2038it-2.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/12c940bd248089e15eaec11f918a9cb6653a3b69/2052it-16.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/7331dcf23fc789b279ed6ca31c81c21a7e9c3996/2037it-1.jpg","https://origin.edmiston.com/lib/image/e6b015a73845cd46f77953f21f2369f07adf3619/2039it-3.jpg","https://origin.edmiston.com/lib/image/43d2ca00bf78e217fa6790142974a7710ed7dad7/2040it-4.jpg"],"_priv":{"estimate":{"delta":378.89923211121976,"est":7.442066641635991,"label":"Over","cls":"o"},"listing":{"score":64,"tone":"sparse","label":"Sparse listing · 4 gaps","gaps":["No build year","No engine hours","No location","No broker identified"]},"deal":{"verdict":"Premium ask · 379% over model","tone":"premium"},"cashflow":{"acquisition":35.64,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3.56,"charterIncome":0,"netAnnual":-3.56,"cumulative":-3.56,"residual":34.39},{"year":2027,"yearIdx":1,"opCost":3.44,"charterIncome":0,"netAnnual":-3.44,"cumulative":-7,"residual":33.19},{"year":2028,"yearIdx":2,"opCost":3.32,"charterIncome":0,"netAnnual":-3.32,"cumulative":-10.32,"residual":32.03},{"year":2029,"yearIdx":3,"opCost":3.2,"charterIncome":0,"netAnnual":-3.2,"cumulative":-13.52,"residual":30.91},{"year":2030,"yearIdx":4,"opCost":3.09,"charterIncome":0,"netAnnual":-3.09,"cumulative":-16.61,"residual":29.83}],"totalOp":16.61,"totalCharter":0,"net5yr":-16.61,"residualY5":29.83,"netHoldCost":22.42,"netHoldCostPctOfAcq":62.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 63% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":35.64,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":16.04,"debt":19.6,"rateBps":625,"annualDebtCost":1.23,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.2M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":12.47,"debt":23.17,"rateBps":625,"annualDebtCost":1.45,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":22.81,"target":24.24,"ceiling":25.66,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Sanlorenzo — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 379% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This Sanlorenzo, 45m on deck carries the full tier-A pedigree under proven systems.","v":3}},{"id":"edmiston-5232","name":"Domani","builder":"Benetti","year":2016,"len":45,"price":24.84,"city":"New Westminster","country":"Saint Vincent and the Grenadines","sourceUrl":"https://www.edmiston.com/5232/domani-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-12T04:00:21.429Z","photoUrl":"https://origin.edmiston.com/lib/image/1af0c674d47d392ce32492f7338209498bf03b4f/1.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/1af0c674d47d392ce32492f7338209498bf03b4f/1.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/9f33a62f4312972d79f861d6a02e6da2b00c81e8/8.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/e32ed024accd0d819ee75b2b6cc813fa158700af/50.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/8a8d5164e8b76f4f3b6a60ec80192dcbad16e519/9.jpg","https://origin.edmiston.com/lib/image/19fa77c71dc4580012b531f33cf1c60c50bf4783/10.jpg","https://origin.edmiston.com/lib/image/65845f2cd6110cc135905816d35acf4bb8d7cc15/11.jpg","https://origin.edmiston.com/lib/image/b7e3f0790c016c0fc6f23e8efcb74538501d79e0/sun-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/f1b934145976a9daa3bdb832c5070fa86297f401/upper-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/54efb6798c74d447ec2a338ffa0ac7a27f938e2b/main-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/717e71631a11d6ea6268c262786129abc7447c8f/lower-deck.jpg?x=1139&crop"],"lastAisCoord":{"lat":51.76625,"lon":5.35705,"ts":"2026-05-16T18:01:07.926Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":51.76625,"lon":5.35705,"imo":"9810795","mmsi":"375512000","callsign":"J8Y4615","beam":10,"datalasticUuid":"594cc82a-4fa9-6079-a766-8083a78c5dff","_priv":{"estimate":{"delta":38.98768399559708,"est":17.87208714175487,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 39% over model","tone":"premium"},"cashflow":{"acquisition":24.84,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.48,"charterIncome":0,"netAnnual":-2.48,"cumulative":-2.48,"residual":23.97},{"year":2027,"yearIdx":1,"opCost":2.4,"charterIncome":0,"netAnnual":-2.4,"cumulative":-4.88,"residual":23.37},{"year":2028,"yearIdx":2,"opCost":2.34,"charterIncome":0,"netAnnual":-2.34,"cumulative":-7.22,"residual":22.79},{"year":2029,"yearIdx":3,"opCost":2.28,"charterIncome":0,"netAnnual":-2.28,"cumulative":-9.5,"residual":22.22},{"year":2030,"yearIdx":4,"opCost":2.22,"charterIncome":0,"netAnnual":-2.22,"cumulative":-11.72,"residual":21.66}],"totalOp":11.72,"totalCharter":0,"net5yr":-11.72,"residualY5":21.66,"netHoldCost":14.9,"netHoldCostPctOfAcq":60,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":24.84,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":11.18,"debt":13.66,"rateBps":625,"annualDebtCost":0.85,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$850K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":8.69,"debt":16.15,"rateBps":625,"annualDebtCost":1.01,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":16.64,"target":17.64,"ceiling":18.63,"baselineDiscountPct":29,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 39% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Benetti, delivered in 2016 at 45m carries the full tier-A pedigree under proven systems. Lying in New Westminster, Saint Vincent And The Grenadines.","v":3}},{"id":"edmiston-603","name":"Galena","builder":"Moonen Yachts","year":2013,"len":30.8,"price":7.77,"city":"France","country":"Cayman Islands","sourceUrl":"https://www.edmiston.com/603/galena-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:06.969Z","photoUrl":"https://origin.edmiston.com/lib/image/632b9e2629bc833995a8811ae4c6d349d5db2b34/franciscomartinez_Edmiston_Galena_Aerial_Running_1008.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/632b9e2629bc833995a8811ae4c6d349d5db2b34/franciscomartinez_Edmiston_Galena_Aerial_Running_1008.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/ca25f58d71a27ef8414c6ada2cf24cb3d8dc0013/Edmiston_Galena_Salons_Dining_7870.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/e4c316d36dd9df32fd564a9d518de32bd08c8d84/franciscomartinez_Edmiston_Galena_Deck+General_Exterior_0681.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/316e82c44d7d0090df9e1dbacaedc49bf96bb1c4/Edmiston_Galena_Salons_Dining_7858.jpg","https://origin.edmiston.com/lib/image/f154dd35e493db52ac66778f464c815afa6cf9ae/Edmiston_Galena_Salons_Dining_DSC5016.jpg","https://origin.edmiston.com/lib/image/ace241715fcb3f80c94675d4fde82654beb62d17/Edmiston_Galena_Salons_Dining_7786.jpg","https://origin.edmiston.com/lib/image/6a4c3916f8c5a6eb3c3c671672868f182b00bd17/SUNDECK.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/69d804451f01f2af5bf9811c41302d473b43083c/MAIN-DECK.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/a04bdfd1893c2ffe0e5f974d666e4f40ea7e821b/LOWER-DECK.jpg?x=1139&crop"],"mmsi":"319207400","callsign":"ZGOG5","beam":8,"datalasticUuid":"22e4b25a-acd5-8dfd-d184-9d1bf0812f14","_priv":{"estimate":{"delta":32.618201760709944,"est":5.858924262915148,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":7.77,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-0.78,"residual":7.42},{"year":2027,"yearIdx":1,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-1.52,"residual":7.09},{"year":2028,"yearIdx":2,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-2.23,"residual":6.77},{"year":2029,"yearIdx":3,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-2.91,"residual":6.47},{"year":2030,"yearIdx":4,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-3.56,"residual":6.18}],"totalOp":3.56,"totalCharter":0,"net5yr":-3.56,"residualY5":6.18,"netHoldCost":5.15,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.77,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.27,"debt":3.5,"rateBps":625,"annualDebtCost":0.22,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$220K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.72,"debt":5.05,"rateBps":625,"annualDebtCost":0.32,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.97,"target":5.28,"ceiling":5.59,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 33% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Moonen Yachts, delivered in 2013 at 31m represents the classic-platform era with a documented owner timeline. Lying in France, Cayman Islands.","v":3}},{"id":"edmiston-1126","name":"Rule No. 1","builder":"Westport","year":2010,"len":40,"price":16.5,"city":"Playa Hermosa","country":"","sourceUrl":"https://www.edmiston.com/1126/rule-no-1-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:10.450Z","photoUrl":"https://origin.edmiston.com/lib/image/185c3d811fca6d19979697f330d5b021aa88aa34/012+resize+1.JPG?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/185c3d811fca6d19979697f330d5b021aa88aa34/012+resize+1.JPG?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/be38a9221c2d7447ab31f2e67ddffacba3244072/020.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/802731dc54a6229df78f5fe672df6c3d9088484d/052.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/dc0cdabe1b40ec94232384457a8aa05bc1251c67/018.jpg","https://origin.edmiston.com/lib/image/ca445f2fc67e8556f4eb7c01c0b4caeff68e947b/015.jpg","https://origin.edmiston.com/lib/image/d211fc0e16512ff93b5032eb348a0ade214ee03e/017.jpg"],"lastAisCoord":{"lat":26.12204,"lon":-80.10835,"ts":"2026-05-16T17:46:07.491Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":26.12204,"lon":-80.10835,"_priv":{"estimate":{"delta":60.60814032273324,"est":10.273451872890226,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":16.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.65,"charterIncome":0,"netAnnual":-1.65,"cumulative":-1.65,"residual":15.76},{"year":2027,"yearIdx":1,"opCost":1.58,"charterIncome":0,"netAnnual":-1.58,"cumulative":-3.23,"residual":15.05},{"year":2028,"yearIdx":2,"opCost":1.51,"charterIncome":0,"netAnnual":-1.51,"cumulative":-4.74,"residual":14.37},{"year":2029,"yearIdx":3,"opCost":1.44,"charterIncome":0,"netAnnual":-1.44,"cumulative":-6.18,"residual":13.72},{"year":2030,"yearIdx":4,"opCost":1.37,"charterIncome":0,"netAnnual":-1.37,"cumulative":-7.55,"residual":13.1}],"totalOp":7.55,"totalCharter":0,"net5yr":-7.55,"residualY5":13.1,"netHoldCost":10.95,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":16.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":9.08,"debt":7.42,"rateBps":700,"annualDebtCost":0.52,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$520K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.77,"debt":10.73,"rateBps":700,"annualDebtCost":0.75,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":10.56,"target":11.22,"ceiling":11.88,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 61% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Westport, delivered in 2010 at 40m represents the classic-platform era with a documented owner timeline. Lying in Playa Hermosa.","v":3}},{"id":"edmiston-1703","name":"Ohana","builder":"Fitzroy Yachts","year":2012,"len":49.7,"price":0,"city":"La Spezia","country":"Italy","sourceUrl":"https://www.edmiston.com/1703/ohana-yacht-charter/","source":"edmiston","refreshedAt":"2026-05-16T17:51:34.573Z","photoUrl":"https://origin.edmiston.com/lib/image/98d3dbb72e4da3cdc1b924f05c07fb1bcb35757c/OHANA+Charter+Brochure_BF_Page_15_Image_0001.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/98d3dbb72e4da3cdc1b924f05c07fb1bcb35757c/OHANA+Charter+Brochure_BF_Page_15_Image_0001.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/7f5583a1ed16d24f3932924ab128d622ceef0353/OHANA+Charter+Brochure_BF_Page_01_Image_0001.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/5ddff9224470af10f00ea48201ba3bec431ec3e3/OHANA+Charter+Brochure_BF_Page_05_Image_0001.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/bed2753a8df0438d9a8479a2cacbb8eb2deab67b/OHANA+Charter+Brochure_BF_Page_03_Image_0001.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/4f9ed7b69d8f7ce222470acdb8b16c9056e8311a/OHANA+Charter+Brochure_BF_Page_04_Image_0001.jpg","https://origin.edmiston.com/lib/image/5c25fb7bc277c7093455ffaa08e5dd4db334881e/OHANA+Charter+Brochure_BF_Page_06_Image_0001.jpg","https://origin.edmiston.com/lib/image/1d71aaeb6a4b0795ef22df8790e868ecc2276fcc/upper-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/dca7e943629f1c2986a9922835b93ad14fd3d312/main-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/3ddddfebb166cbdd56b6a280878a66c424f6c447/lower-deck.jpg?x=1139&crop"],"charterAvailable":true,"lastAisCoord":{"lat":47.67965,"lon":-122.4101,"ts":"2026-05-16T17:55:51.006Z","sog":null},"coordPrecision":"live-ais","lat":47.67965,"lon":-122.4101,"imo":"9606247","mmsi":"247323600","callsign":"IJES2","beam":9.96,"draught":5.6,"homePort":"GENOVA","datalasticUuid":"9544e83c-96ec-eafc-0b94-e4099c2722d5","_priv":{"estimate":{"delta":-100,"est":16.976813417768117,"label":"Under","cls":"u"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No asking price","No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 100% under model","tone":"strong-buy"},"cashflow":{"acquisition":16.976813417768117,"isPOA":true,"rows":[{"year":2026,"yearIdx":0,"opCost":1.7,"charterIncome":1.68,"netAnnual":-0.02,"cumulative":-0.02,"residual":16.21},{"year":2027,"yearIdx":1,"opCost":1.62,"charterIncome":1.68,"netAnnual":0.06,"cumulative":0.04,"residual":15.48},{"year":2028,"yearIdx":2,"opCost":1.55,"charterIncome":1.68,"netAnnual":0.13,"cumulative":0.17,"residual":14.78},{"year":2029,"yearIdx":3,"opCost":1.48,"charterIncome":1.68,"netAnnual":0.2,"cumulative":0.37,"residual":14.11},{"year":2030,"yearIdx":4,"opCost":1.41,"charterIncome":1.68,"netAnnual":0.27,"cumulative":0.64,"residual":13.48}],"totalOp":7.76,"totalCharter":8.4,"net5yr":0.64,"residualY5":13.48,"netHoldCost":2.86,"netHoldCostPctOfAcq":16.8,"verdict":"Cash-positive over 5 years — net $0.6M after charter. Effective hold cost: 17% of acquisition.","tone":"soft"},"capStack":null,"levers":[],"bidIntel":null,"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 100% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Fitzroy Yachts, delivered in 2012 at 50m represents the classic-platform era with a documented owner timeline. Lying in La Spezia, Italy, with charter dates available.","v":3}},{"id":"edmiston-7613","name":"Percal","builder":"Sanlorenzo","year":2014,"len":32.2,"price":5.9,"city":"","country":"Virgin Islands (British)","sourceUrl":"https://www.edmiston.com/7613/percal-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:14.834Z","photoUrl":"https://origin.edmiston.com/lib/image/f6b64fa26267eb3fad235fe3bf7137318d1121c3/Drone-7.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/f6b64fa26267eb3fad235fe3bf7137318d1121c3/Drone-7.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/c1070f484fe51320e5883c8aff141e83fb756411/19.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/37e8171a0c58e32642b1aaa52aab5c2ac888ebc6/Images-53.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/5ffee963139ce5a2f2cee6459b2b85a879fb555f/23.jpg","https://origin.edmiston.com/lib/image/9ff5148425724ed8e4255b2dfac37691669567db/16.jpg","https://origin.edmiston.com/lib/image/b39d6cc2f4268824a58475dfd2937be655240476/24.jpg"],"mmsi":"378112137","callsign":"ZJL9109","datalasticUuid":"592fb221-781f-9262-7136-f4c2b231a33b","_priv":{"estimate":{"delta":-26.49927215962546,"est":8.02713139496162,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 26% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":5.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-0.59,"residual":5.75},{"year":2027,"yearIdx":1,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-1.17,"residual":5.61},{"year":2028,"yearIdx":2,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-1.73,"residual":5.47},{"year":2029,"yearIdx":3,"opCost":0.55,"charterIncome":0,"netAnnual":-0.55,"cumulative":-2.28,"residual":5.33},{"year":2030,"yearIdx":4,"opCost":0.53,"charterIncome":0,"netAnnual":-0.53,"cumulative":-2.81,"residual":5.2}],"totalOp":2.81,"totalCharter":0,"net5yr":-2.81,"residualY5":5.2,"netHoldCost":3.51,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.24,"debt":2.66,"rateBps":625,"annualDebtCost":0.17,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.06,"debt":3.84,"rateBps":625,"annualDebtCost":0.24,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":5.27,"target":5.51,"ceiling":5.75,"baselineDiscountPct":6.6,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Sanlorenzo — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 26% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Sanlorenzo, delivered in 2014 at 32m carries the full tier-A pedigree under proven systems. Lying in Virgin Islands (british).","v":3}},{"id":"edmiston-5989","name":"Archipelago","builder":"Moonen Yachts","year":2005,"len":30.8,"price":5.29,"city":"Italy","country":"Malta","sourceUrl":"https://www.edmiston.com/5989/archipelago-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:16.315Z","photoUrl":"https://origin.edmiston.com/lib/image/a0bc1fa83234cab23a69ff3cfd4cdf11641bbcb8/1.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/a0bc1fa83234cab23a69ff3cfd4cdf11641bbcb8/1.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/7a84e89987a800c4cbcf23f882d25308d54d2ad7/2-2.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/3a0eee22850e99556610cf74b0763fa1c8d39d73/9-2.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/e19043c80318287573860074144b18b7f6bdf7f6/11-7.jpg","https://origin.edmiston.com/lib/image/2c33bfb95b842c98ac778656f5ab44e41807ea81/2-1.jpg","https://origin.edmiston.com/lib/image/032855b3c868e9a5d9950bdc5039067af04cfc2c/2-3.jpg","https://origin.edmiston.com/lib/image/ffa419f1b9e42c7032cea8292aa30b7649fee9f9/archipelago-flybridge-wheelhouse-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/76a4c9e9f1c0bcb61931e3afbc5898e4fdb783fa/archipelago-main-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/752c0220c5fa4cb5d5ec7a821c84a2d683b0bbf2/archipelago-lower-deck.jpg?x=1139&crop"],"mmsi":"215518000","callsign":"9HB6941","beam":7,"datalasticUuid":"0d051c0a-99f3-e9a6-def1-a26190ca8318","_priv":{"estimate":{"delta":17.12104254056609,"est":4.51669476743921,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":5.29,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.53,"charterIncome":0,"netAnnual":-0.53,"cumulative":-0.53,"residual":5.05},{"year":2027,"yearIdx":1,"opCost":0.51,"charterIncome":0,"netAnnual":-0.51,"cumulative":-1.04,"residual":4.82},{"year":2028,"yearIdx":2,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-1.52,"residual":4.6},{"year":2029,"yearIdx":3,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-1.98,"residual":4.39},{"year":2030,"yearIdx":4,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-2.42,"residual":4.19}],"totalOp":2.42,"totalCharter":0,"net5yr":-2.42,"residualY5":4.19,"netHoldCost":3.52,"netHoldCostPctOfAcq":66.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.29,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.44,"debt":1.85,"rateBps":700,"annualDebtCost":0.13,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$130K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.85,"debt":3.44,"rateBps":700,"annualDebtCost":0.24,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.59,"target":3.81,"ceiling":4.02,"baselineDiscountPct":28.1,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (21y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 17% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Moonen Yachts, delivered in 2005 at 31m represents the classic-platform era with a documented owner timeline. Lying in Italy, Malta.","v":3}},{"id":"edmiston-4070","name":"Catalina","builder":"Vitters","year":2001,"len":44.8,"price":11.5,"city":"United Kingdom","country":"","sourceUrl":"https://www.edmiston.com/4070/catalina-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:21.067Z","photoUrl":"https://origin.edmiston.com/lib/image/46646ea93c02075211d5f750d4c9e97766276548/001.1.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/46646ea93c02075211d5f750d4c9e97766276548/001.1.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/c5cad10be20a0560571e2d166e27a08d74fa4a04/010.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/7716f71b5b05a8637ab98b9dc7c41b1b46eb6a88/004.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/ec4eb4bff3db22bd272e0feff89560e6bd47e28b/003.jpg","https://origin.edmiston.com/lib/image/f88ae6bafe4c526438b2425b097ebce446a005e4/005.jpg","https://origin.edmiston.com/lib/image/c91c291197802b2009dc051d8ff7f2de77e408ef/1010.jpg","https://origin.edmiston.com/lib/image/74c8cd52a183b1b71db51ce2dfdafff0f6135596/bridge-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/a35bc8132c433e1d6d9f0351bc1a8c00f3bd35c6/main-deck.jpg?x=1139&crop"],"lastAisCoord":{"lat":52.96725,"lon":5.41952,"ts":"2026-05-16T17:55:50.897Z","sog":null},"coordPrecision":"live-ais","lat":52.96725,"lon":5.41952,"mmsi":"211882980","_priv":{"estimate":{"delta":-8.794820532923104,"est":12.608933031211514,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Value · 9% under model, tier-A build","tone":"value"},"cashflow":{"acquisition":11.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.15,"charterIncome":0,"netAnnual":-1.15,"cumulative":-1.15,"residual":11.21},{"year":2027,"yearIdx":1,"opCost":1.12,"charterIncome":0,"netAnnual":-1.12,"cumulative":-2.27,"residual":10.93},{"year":2028,"yearIdx":2,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-3.36,"residual":10.66},{"year":2029,"yearIdx":3,"opCost":1.07,"charterIncome":0,"netAnnual":-1.07,"cumulative":-4.43,"residual":10.39},{"year":2030,"yearIdx":4,"opCost":1.04,"charterIncome":0,"netAnnual":-1.04,"cumulative":-5.47,"residual":10.13}],"totalOp":5.47,"totalCharter":0,"net5yr":-5.47,"residualY5":10.13,"netHoldCost":6.84,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":11.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":7.48,"debt":4.02,"rateBps":700,"annualDebtCost":0.28,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$280K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.02,"debt":7.48,"rateBps":700,"annualDebtCost":0.52,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":9.49,"target":9.95,"ceiling":10.41,"baselineDiscountPct":13.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Vitters — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 9% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Vitters, delivered in 2001 at 45m carries the full tier-A pedigree under proven systems. Lying in United Kingdom.","v":3}},{"id":"edmiston-5080","name":"Para Bellvm","builder":"Sanlorenzo","year":2023,"len":47,"price":31.86,"city":"","country":"","sourceUrl":"https://www.edmiston.com/5080/para-bellvm-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:22.474Z","photoUrl":"https://origin.edmiston.com/lib/image/43bbd032ceff7a5352d98df6eb5a5c4489ae94e4/StudioReskos_00616.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/43bbd032ceff7a5352d98df6eb5a5c4489ae94e4/StudioReskos_00616.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/2ac0f0b164c3a98bbc71bf9f3cd365e63f285756/StudioReskos_00788.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/6ee8e845b7e7b3210af5f831afba1f302cb207c9/StudioReskos_00683.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/11d1ee4be8977184f8cdcd7b658e1cd11e214b68/StudioReskos_00792.jpg","https://origin.edmiston.com/lib/image/0622e9c40c565e5704599cb05f93899d0cafb70f/StudioReskos_00787.jpg","https://origin.edmiston.com/lib/image/73fcbf43c8f94734bce55632aea2db8c385f33d6/StudioReskos_00785.jpg","https://origin.edmiston.com/lib/image/83b6eabdb5ca4f81e19fd5daeec8db9033cd15a9/PARA-BELLVM-SUN-DECK.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/86a34f67c7da23810b88f2579bb44ba30cac2b35/PARA-BELLVM-UPPER-DECK.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/df4638601200bb0d0344cb783fa41c9161ec1110/PARA-BELLVM-MAIN-DECK.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/f490979747c44ff315cc8b69e1aa2f7901a26bdd/PARA-BELLVM-LOWER-DECK.jpg?x=1139&crop"],"_priv":{"estimate":{"delta":26.47921057369183,"est":25.18991054378624,"label":"Over","cls":"o"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No engine hours","No location","No broker identified"]},"deal":{"verdict":"Premium ask · iconic Sanlorenzo, near-new","tone":"premium"},"cashflow":{"acquisition":31.86,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3.19,"charterIncome":0,"netAnnual":-3.19,"cumulative":-3.19,"residual":30.74},{"year":2027,"yearIdx":1,"opCost":3.07,"charterIncome":0,"netAnnual":-3.07,"cumulative":-6.26,"residual":29.66},{"year":2028,"yearIdx":2,"opCost":2.97,"charterIncome":0,"netAnnual":-2.97,"cumulative":-9.23,"residual":28.62},{"year":2029,"yearIdx":3,"opCost":2.86,"charterIncome":0,"netAnnual":-2.86,"cumulative":-12.09,"residual":27.62},{"year":2030,"yearIdx":4,"opCost":2.76,"charterIncome":0,"netAnnual":-2.76,"cumulative":-14.85,"residual":26.65}],"totalOp":14.85,"totalCharter":0,"net5yr":-14.85,"residualY5":26.65,"netHoldCost":20.06,"netHoldCostPctOfAcq":63,"verdict":"Private use, no charter income modelled. Effective hold cost: 63% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":31.86,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":14.34,"debt":17.52,"rateBps":625,"annualDebtCost":1.09,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.1M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":11.15,"debt":20.71,"rateBps":625,"annualDebtCost":1.29,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":24.93,"target":26.21,"ceiling":27.48,"baselineDiscountPct":17.7,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Sanlorenzo — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 26% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Sanlorenzo, delivered in 2023 at 47m carries the full tier-A pedigree and remains in its first-decade window.","v":3}},{"id":"edmiston-5219","name":"Maximus","builder":"Vitters","year":0,"len":59,"price":85.86,"city":"","country":"","sourceUrl":"https://www.edmiston.com/5219/maximus-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:23.886Z","photoUrl":"https://origin.edmiston.com/lib/image/478c5e90935b5a43b702de8cb0857cc4423a556b/y_-1_full+%282%29.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/478c5e90935b5a43b702de8cb0857cc4423a556b/y_-1_full+%282%29.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/e1f51c9679e1bf9fc6c8b6a35b184ab14f698dee/y_-1_full+%2819%29Lower+deck+lounge.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/c04e095fef4515204aebc3624e2fc60cec1a481b/18.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/49bfffa4ba7f1e0d79ec656f334c70efa462cb29/y_-1_full+%282.1%29Stern+view.jpg","https://origin.edmiston.com/lib/image/71cfc137c2df2e67c81b5ef104d96ca8a62fcd73/y_-1_full+%2814%29Cockpit+to+upper+deck+lounge.jpg","https://origin.edmiston.com/lib/image/07746d67bd4fd6b848d1e06e9b72909b451d9052/y_-1_full+%2815%29Upper+deck+lounge+bar.jpg","https://origin.edmiston.com/lib/image/68d764089a3070037e7ff0887cd0e5f70c5b865e/TOP-VIEW-DECK-MAXIMUS.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/a7456c3ac18ab93f251329fbe2b4695955537f5e/TOP-VIEW-INTERIOR-MAXIMUS.jpg?x=1139&crop"],"lastAisCoord":{"lat":50.87407,"lon":-1.30843,"ts":"2026-05-16T16:21:04.069Z","sog":null},"coordPrecision":"last-ais","lat":50.87407,"lon":-1.30843,"mmsi":"232026565","_priv":{"estimate":{"delta":420.0856529189142,"est":16.50881917586492,"label":"Over","cls":"o"},"listing":{"score":64,"tone":"sparse","label":"Sparse listing · 4 gaps","gaps":["No build year","No engine hours","No location","No broker identified"]},"deal":{"verdict":"Premium ask · 420% over model","tone":"premium"},"cashflow":{"acquisition":85.86,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":8.59,"charterIncome":0,"netAnnual":-8.59,"cumulative":-8.59,"residual":82.85},{"year":2027,"yearIdx":1,"opCost":8.29,"charterIncome":0,"netAnnual":-8.29,"cumulative":-16.88,"residual":79.95},{"year":2028,"yearIdx":2,"opCost":8,"charterIncome":0,"netAnnual":-8,"cumulative":-24.88,"residual":77.15},{"year":2029,"yearIdx":3,"opCost":7.72,"charterIncome":0,"netAnnual":-7.72,"cumulative":-32.6,"residual":74.45},{"year":2030,"yearIdx":4,"opCost":7.45,"charterIncome":0,"netAnnual":-7.45,"cumulative":-40.05,"residual":71.84}],"totalOp":40.05,"totalCharter":0,"net5yr":-40.05,"residualY5":71.84,"netHoldCost":54.07,"netHoldCostPctOfAcq":63,"verdict":"Private use, no charter income modelled. Effective hold cost: 63% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":85.86,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 60% LTV","cashAtClose":34.34,"debt":51.52,"rateBps":575,"annualDebtCost":2.96,"thesis":"60% LTV at ~5.75% from a maritime specialist lender. Carrying cost ~$3.0M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":30.05,"debt":55.81,"rateBps":575,"annualDebtCost":3.21,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":54.95,"target":58.38,"ceiling":61.82,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Vitters — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 420% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This Vitters, 59m on deck carries the full tier-A pedigree under proven systems.","v":3}},{"id":"edmiston-3544","name":"Belongers","builder":"Couach Yachts","year":2014,"len":49.9,"price":11.66,"city":"France","country":"Cayman Islands","sourceUrl":"https://www.edmiston.com/3544/belongers-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:25.293Z","photoUrl":"https://origin.edmiston.com/lib/image/6236f053555dfa549a29eb05e96ce54e5965126e/2025-06-26_Guy+Fleury_Fraser+Yachts_MY+Belongers-579.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/6236f053555dfa549a29eb05e96ce54e5965126e/2025-06-26_Guy+Fleury_Fraser+Yachts_MY+Belongers-579.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/85e845ce55fa773d4badb8943ca8199f97c0bc2f/2025-06-26_Guy+Fleury_Fraser+Yachts_MY+Belongers-61.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/5fb69ebca4543d55e7019a78a0ac664804ff786b/2025-06-26_Guy+Fleury_Fraser+Yachts_MY+Belongers-83.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/3f875851658c35ea1ca7b67c15331e637396cb8c/2025-06-26_Guy+Fleury_Fraser+Yachts_MY+Belongers-546.jpg","https://origin.edmiston.com/lib/image/1782c45f6a37895acf294ca654686f4ea029ceaa/2025-06-26_Guy+Fleury_Fraser+Yachts_MY+Belongers-278.jpg","https://origin.edmiston.com/lib/image/df92d7d859f362cf2155c4069d9a7e94a64a17a5/2025-06-26_Guy+Fleury_Fraser+Yachts_MY+Belongers-279.jpg"],"imo":"9740677","mmsi":"319065800","callsign":"ZGEA8","beam":9.33,"draught":7,"datalasticUuid":"019d29ab-0212-33e5-25b5-049e074c89d3","_priv":{"estimate":{"delta":-34.94676351025635,"est":17.923781550574084,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 35% under model","tone":"strong-buy"},"cashflow":{"acquisition":11.66,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.17,"charterIncome":0,"netAnnual":-1.17,"cumulative":-1.17,"residual":11.14},{"year":2027,"yearIdx":1,"opCost":1.11,"charterIncome":0,"netAnnual":-1.11,"cumulative":-2.28,"residual":10.64},{"year":2028,"yearIdx":2,"opCost":1.06,"charterIncome":0,"netAnnual":-1.06,"cumulative":-3.34,"residual":10.16},{"year":2029,"yearIdx":3,"opCost":1.02,"charterIncome":0,"netAnnual":-1.02,"cumulative":-4.36,"residual":9.7},{"year":2030,"yearIdx":4,"opCost":0.97,"charterIncome":0,"netAnnual":-0.97,"cumulative":-5.33,"residual":9.26}],"totalOp":5.33,"totalCharter":0,"net5yr":-5.33,"residualY5":9.26,"netHoldCost":7.73,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":11.66,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.41,"debt":5.25,"rateBps":625,"annualDebtCost":0.33,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$330K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.08,"debt":7.58,"rateBps":625,"annualDebtCost":0.47,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 12-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":10.3,"target":10.76,"ceiling":11.23,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"12-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 35% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Couach Yachts, delivered in 2014 at 50m has settled into its proven-hull period with full systems history. Lying in France, Cayman Islands.","v":3}},{"id":"edmiston-2544","name":"Canova","builder":"Baltic Yachts","year":2019,"len":43.3,"price":32.18,"city":"","country":"Virgin Islands (British)","sourceUrl":"https://www.edmiston.com/2544/canova-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:28.142Z","photoUrl":"https://origin.edmiston.com/lib/image/90c7db18847135706b643cd0dc365f67cab3900e/BlFTZVsTja0iSnoDuLjb_canova-exterior-1600x900.png?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/90c7db18847135706b643cd0dc365f67cab3900e/BlFTZVsTja0iSnoDuLjb_canova-exterior-1600x900.png?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/9c50e0ab710f552be87e2f61419276e9a1647011/1.+Owners+cabin+1.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/61fe5da1d4e138315d3fedc307abd9d9a3900320/5.+Internal+and+External+Saloons+15.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/66c3125831161bf08d37ca2128b14cd8d3324e68/BALTIC142-CANOVA_SAILING+1.jpg","https://origin.edmiston.com/lib/image/1e0460f7376135a4693b78d751737cf802c4eb14/5.+Internal+and+External+Saloons+1.jpg","https://origin.edmiston.com/lib/image/287889209e56e69005351bdd973414319e025d08/5.+Internal+and+External+Saloons+16.jpg"],"lastAisCoord":{"lat":39.56425,"lon":2.63065,"ts":"2026-05-16T17:20:59.554Z","sog":null},"coordPrecision":"live-ais","lat":39.56425,"lon":2.63065,"imo":"2030592","mmsi":"378407000","callsign":"ZJL2458","beam":9,"datalasticUuid":"1c85e84f-83eb-ede2-96f4-cab658084177","_priv":{"estimate":{"delta":59.57881553238285,"est":20.16558394210528,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 60% over model","tone":"premium"},"cashflow":{"acquisition":32.18,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3.22,"charterIncome":0,"netAnnual":-3.22,"cumulative":-3.22,"residual":31.05},{"year":2027,"yearIdx":1,"opCost":3.11,"charterIncome":0,"netAnnual":-3.11,"cumulative":-6.33,"residual":29.96},{"year":2028,"yearIdx":2,"opCost":3,"charterIncome":0,"netAnnual":-3,"cumulative":-9.33,"residual":28.91},{"year":2029,"yearIdx":3,"opCost":2.89,"charterIncome":0,"netAnnual":-2.89,"cumulative":-12.22,"residual":27.9},{"year":2030,"yearIdx":4,"opCost":2.79,"charterIncome":0,"netAnnual":-2.79,"cumulative":-15.01,"residual":27.2}],"totalOp":15.01,"totalCharter":0,"net5yr":-15.01,"residualY5":27.2,"netHoldCost":19.99,"netHoldCostPctOfAcq":62.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 62% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":32.18,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":14.48,"debt":17.7,"rateBps":625,"annualDebtCost":1.11,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.1M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":11.26,"debt":20.92,"rateBps":625,"annualDebtCost":1.31,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":20.6,"target":21.88,"ceiling":23.17,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Baltic Yachts — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 60% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Baltic Yachts, delivered in 2019 at 43m carries the full tier-A pedigree under proven systems. Lying in Virgin Islands (british).","v":3}},{"id":"edmiston-3337","name":"Alba","builder":"Azimut","year":2019,"len":32,"price":8.42,"city":"Greece","country":"Cayman Islands","sourceUrl":"https://www.edmiston.com/3337/alba-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:31.934Z","photoUrl":"https://origin.edmiston.com/lib/image/db77a98f6539b2bce04a5ddf956373d7cef21add/01.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/db77a98f6539b2bce04a5ddf956373d7cef21add/01.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/5c8b1c603720c3133b51ad5021ca462f9acd938d/06.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/958da72374d2aadc3410860934ecda8bbf1799a1/40.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/5b030c1b489ef82ebc6bc2606149959462e1108e/02.jpg","https://origin.edmiston.com/lib/image/c3e8347abcf368f99698775adfd1b5b82a8ac6c5/03.jpg","https://origin.edmiston.com/lib/image/4415ecbeaf03bac922a0d6a5da3e6c0252c6c6f0/04.jpg"],"lastAisCoord":{"lat":57.68585,"lon":11.89236,"ts":"2026-05-16T17:46:09.551Z","sog":null},"coordPrecision":"live-ais","lat":57.68585,"lon":11.89236,"mmsi":"319167700","callsign":"ZGIW6","beam":8,"datalasticUuid":"64ea8723-ef3c-3c58-efd4-29294a5ae783","_priv":{"estimate":{"delta":12.029859210688599,"est":7.515853415619271,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 12% over model","tone":"premium"},"cashflow":{"acquisition":8.42,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-0.84,"residual":7.91},{"year":2027,"yearIdx":1,"opCost":0.79,"charterIncome":0,"netAnnual":-0.79,"cumulative":-1.63,"residual":7.44},{"year":2028,"yearIdx":2,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-2.37,"residual":6.99},{"year":2029,"yearIdx":3,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-3.07,"residual":6.57},{"year":2030,"yearIdx":4,"opCost":0.66,"charterIncome":0,"netAnnual":-0.66,"cumulative":-3.73,"residual":6.27}],"totalOp":3.73,"totalCharter":0,"net5yr":-3.73,"residualY5":6.27,"netHoldCost":5.88,"netHoldCostPctOfAcq":69.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 70% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.42,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.63,"debt":3.79,"rateBps":625,"annualDebtCost":0.24,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$240K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.95,"debt":5.47,"rateBps":625,"annualDebtCost":0.34,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.67,"target":7,"ceiling":7.34,"baselineDiscountPct":16.8,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 12% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Azimut, delivered in 2019 at 32m has settled into its proven-hull period with full systems history. Lying in Greece, Cayman Islands.","v":3}},{"id":"edmiston-3713","name":"Canvas","builder":"Overmarine","year":0,"len":33.5,"price":3.19,"city":"","country":"","sourceUrl":"https://www.edmiston.com/3713/canvas-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:34.746Z","photoUrl":"https://origin.edmiston.com/lib/image/04d278e5c0e818c992bf52f3472b94337b8adae3/Cover.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/04d278e5c0e818c992bf52f3472b94337b8adae3/Cover.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/9dbb7ee5037a21bed6bcb6bf7219998007274e60/0C6A0782-Enhanced-NR.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/faa62000006efe5746706dd5077cfedc3bd4e8fb/0C6A0521.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/c74f6d325d9d4a4850cd58bc500fdf0a411f292d/DJI_0589.jpg","https://origin.edmiston.com/lib/image/89afd522e986fe45fe94e22b410f9cf1bf4550ab/0C6A0741-Enhanced-NR.jpg"],"lastAisCoord":{"lat":44.40623,"lon":8.92033,"ts":"2026-05-16T18:01:09.076Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":44.40623,"lon":8.92033,"_priv":{"estimate":{"delta":-1.5718130121737557,"est":3.240941540856121,"label":"Fair","cls":"f"},"listing":{"score":64,"tone":"sparse","label":"Sparse listing · 4 gaps","gaps":["No build year","No engine hours","No location","No broker identified"]},"deal":null,"cashflow":{"acquisition":3.19,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-0.32,"residual":3},{"year":2027,"yearIdx":1,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-0.62,"residual":2.82},{"year":2028,"yearIdx":2,"opCost":0.28,"charterIncome":0,"netAnnual":-0.28,"cumulative":-0.9,"residual":2.65},{"year":2029,"yearIdx":3,"opCost":0.27,"charterIncome":0,"netAnnual":-0.27,"cumulative":-1.17,"residual":2.49},{"year":2030,"yearIdx":4,"opCost":0.25,"charterIncome":0,"netAnnual":-0.25,"cumulative":-1.42,"residual":2.34}],"totalOp":1.42,"totalCharter":0,"net5yr":-1.42,"residualY5":2.34,"netHoldCost":2.27,"netHoldCostPctOfAcq":71.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.19,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.75,"debt":1.44,"rateBps":625,"annualDebtCost":0.09,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$90K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.12,"debt":2.07,"rateBps":625,"annualDebtCost":0.13,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":2.62,"target":2.74,"ceiling":2.87,"baselineDiscountPct":14,"strategy":"Segment-typical pricing. Standard 14%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This Overmarine, 34m on deck is shown by appointment to qualified buyers.","v":3}},{"id":"edmiston-3630","name":"Soho","builder":"Benetti","year":2009,"len":36.6,"price":6.43,"city":"Barcelona","country":"United Kingdom","sourceUrl":"https://www.edmiston.com/3630/soho-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:00:52.782Z","photoUrl":"https://origin.edmiston.com/lib/image/8f41a6034ffd90e05ef08b65862a7628f2c7f306/22.+African+Queen_EDIT-2.jpg?x=1200&y=630&crop","photos":["https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770635.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770585.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770548.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770587.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770561.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770588.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770541.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770592.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770580.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4784358.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770544.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68c83d48c31da608a5d91d4a/large_4770576.jpg?auto=format&q=65&h=1"],"lastAisCoord":{"lat":39.5581,"lon":2.62955,"ts":"2026-05-16T17:45:49.575Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":39.5581,"lon":2.62955,"mmsi":"232046601","callsign":"MNIB7","beam":8,"datalasticUuid":"8117fc09-0c0e-4bbe-42a1-b956c7ffe304","_priv":{"estimate":{"delta":-28.087578610575786,"est":8.941431641106757,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 28% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":6.43,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-0.64,"residual":6.27},{"year":2027,"yearIdx":1,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-1.27,"residual":6.11},{"year":2028,"yearIdx":2,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-1.88,"residual":5.96},{"year":2029,"yearIdx":3,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-2.48,"residual":5.81},{"year":2030,"yearIdx":4,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-3.06,"residual":5.66}],"totalOp":3.06,"totalCharter":0,"net5yr":-3.06,"residualY5":5.66,"netHoldCost":3.83,"netHoldCostPctOfAcq":59.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.43,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.54,"debt":2.89,"rateBps":700,"annualDebtCost":0.2,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$200K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.25,"debt":4.18,"rateBps":700,"annualDebtCost":0.29,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":5.54,"target":5.79,"ceiling":6.05,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 28% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Benetti, delivered in 2009 at 37m carries the full tier-A pedigree under proven systems. Lying in Barcelona, United Kingdom.","v":3}},{"id":"edmiston-454","name":"Daisy D","builder":"Heesen Yachts","year":2018,"len":49.8,"price":30.78,"city":"Nassau","country":"","sourceUrl":"https://www.edmiston.com/454/daisy-d-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:00:54.256Z","photoUrl":"https://origin.edmiston.com/lib/image/a09513a7a19495a641e07a413e0e018835738f67/DaisyD_Dron_08.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/a09513a7a19495a641e07a413e0e018835738f67/DaisyD_Dron_08.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/06a2af5c9cb62bd65fadc55c69255216db4da8fd/DaisyD_22.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/5adb2b5d908bba07cb045d4efd3a70573a396793/DaisyD_11.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/9157c2acebc2958d6684910c0e06beb2657c2d0a/DaisyD_23.jpg","https://origin.edmiston.com/lib/image/8a510699d4a6c195b9f61b3e2ef303a273fff535/DaisyD_34.jpg","https://origin.edmiston.com/lib/image/5e57b770a9c0e3229972445ac016d0c5ff67ec78/DaisyD_36.jpg","https://origin.edmiston.com/lib/image/429b998078f59df850fef946487ac677899e298b/daisy-d-sun--deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/b7a3e48ddcce01a0f3172e3e0c947ffcca739ae7/daisy-d-upper--deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/9b1e78f6ebe10b9c7bd5c2e87db34ebef8e724d4/daisy-d-main-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/51a2d45a9032874930be6282ba4cff534178b579/daisy-d-lower-deck.jpg?x=1139&crop"],"_priv":{"estimate":{"delta":24.041275964122406,"est":24.814320685400546,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 24% over model","tone":"premium"},"cashflow":{"acquisition":30.78,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3.08,"charterIncome":0,"netAnnual":-3.08,"cumulative":-3.08,"residual":29.7},{"year":2027,"yearIdx":1,"opCost":2.97,"charterIncome":0,"netAnnual":-2.97,"cumulative":-6.05,"residual":28.66},{"year":2028,"yearIdx":2,"opCost":2.87,"charterIncome":0,"netAnnual":-2.87,"cumulative":-8.92,"residual":27.66},{"year":2029,"yearIdx":3,"opCost":2.77,"charterIncome":0,"netAnnual":-2.77,"cumulative":-11.69,"residual":26.97},{"year":2030,"yearIdx":4,"opCost":2.7,"charterIncome":0,"netAnnual":-2.7,"cumulative":-14.39,"residual":26.3}],"totalOp":14.39,"totalCharter":0,"net5yr":-14.39,"residualY5":26.3,"netHoldCost":18.87,"netHoldCostPctOfAcq":61.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 61% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":30.78,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":13.85,"debt":16.93,"rateBps":625,"annualDebtCost":1.06,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.1M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":10.77,"debt":20.01,"rateBps":625,"annualDebtCost":1.25,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":22.92,"target":24.16,"ceiling":25.39,"baselineDiscountPct":21.5,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Heesen Yachts — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 24% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Heesen Yachts, delivered in 2018 at 50m carries the full tier-A pedigree under proven systems. Lying in Nassau.","v":3}},{"id":"edmiston-1069","name":"Promise.","builder":"Feadship","year":2018,"len":51,"price":59.35,"city":"Hong Kong","country":"","sourceUrl":"https://www.edmiston.com/1069/promise-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:00:55.679Z","photoUrl":"https://origin.edmiston.com/lib/image/b27afea7d54d45c6e0dc68f6657aad50bdc3c907/Promise+%C2%A9+YachtShot+H009.JPG?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/b27afea7d54d45c6e0dc68f6657aad50bdc3c907/Promise+%C2%A9+YachtShot+H009.JPG?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/44041cfd94ba08b8e336260bc2ecb8b713d0fbd9/Promise+%C2%A9+YachtShot+H016.JPG?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/f0ef7a0155a44c0919fe7e2259f279b330d7561f/Promise+%C2%A9+YachtShot+H068.JPG?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/ababcd73c196b2db3e2b505fa1d77488d8358a1c/Promise+%C2%A9+YachtShot+H111.JPG","https://origin.edmiston.com/lib/image/529727249f9db9654c69f00ade5ff1288c11cfdf/Promise+%C2%A9+YachtShot+H018.JPG","https://origin.edmiston.com/lib/image/d31512401ba3f6f37c0375e9a0a3805ed516eea3/Promise+%C2%A9+YachtShot+H021.JPG"],"_priv":{"estimate":{"delta":101.97539343647173,"est":29.38476761460927,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 102% over model","tone":"premium"},"cashflow":{"acquisition":59.35,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":5.94,"charterIncome":0,"netAnnual":-5.94,"cumulative":-5.94,"residual":57.27},{"year":2027,"yearIdx":1,"opCost":5.73,"charterIncome":0,"netAnnual":-5.73,"cumulative":-11.67,"residual":55.27},{"year":2028,"yearIdx":2,"opCost":5.53,"charterIncome":0,"netAnnual":-5.53,"cumulative":-17.2,"residual":53.34},{"year":2029,"yearIdx":3,"opCost":5.33,"charterIncome":0,"netAnnual":-5.33,"cumulative":-22.53,"residual":52.01},{"year":2030,"yearIdx":4,"opCost":5.2,"charterIncome":0,"netAnnual":-5.2,"cumulative":-27.73,"residual":50.71}],"totalOp":27.73,"totalCharter":0,"net5yr":-27.73,"residualY5":50.71,"netHoldCost":36.37,"netHoldCostPctOfAcq":61.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 61% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":59.35,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 60% LTV","cashAtClose":23.74,"debt":35.61,"rateBps":575,"annualDebtCost":2.05,"thesis":"60% LTV at ~5.75% from a maritime specialist lender. Carrying cost ~$2.0M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":20.77,"debt":38.58,"rateBps":575,"annualDebtCost":2.22,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":37.98,"target":40.36,"ceiling":42.73,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Feadship — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 102% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Feadship, delivered in 2018 at 51m carries the full tier-A pedigree under proven systems. Lying in Hong Kong.","v":3}},{"id":"edmiston-1621","name":"Zenji","builder":"Perini Navi","year":2004,"len":56,"price":24.95,"city":"Piccadilly","country":"","sourceUrl":"https://www.edmiston.com/1621/zenji-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:00:57.003Z","photoUrl":"https://origin.edmiston.com/lib/image/82d9267ddbd3eeb1e1d6b5ebb741c829c956d0e2/001.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/82d9267ddbd3eeb1e1d6b5ebb741c829c956d0e2/001.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/5954d805fcf3f4d23137b0ed91166ef893699cf8/ZENJI_INTERIOR_FINAL-9.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/acd11020c00c46329a854b6e11f09bf745e5525c/ZENJI_DRONE_FINAL-51.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/85281307bd9749818e75b7ba27e6c64094be17b3/002.jpg","https://origin.edmiston.com/lib/image/8d2a95ae1339afa4fced573c1938bf602a248a42/003.jpg","https://origin.edmiston.com/lib/image/ae8048670af775da2a02f26df3c84e97ae26a0e3/004.jpeg"],"_priv":{"estimate":{"delta":42.61062740251176,"est":17.495189842745592,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":24.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.5,"charterIncome":0,"netAnnual":-2.5,"cumulative":-2.5,"residual":24.33},{"year":2027,"yearIdx":1,"opCost":2.43,"charterIncome":0,"netAnnual":-2.43,"cumulative":-4.93,"residual":23.72},{"year":2028,"yearIdx":2,"opCost":2.37,"charterIncome":0,"netAnnual":-2.37,"cumulative":-7.3,"residual":23.13},{"year":2029,"yearIdx":3,"opCost":2.31,"charterIncome":0,"netAnnual":-2.31,"cumulative":-9.61,"residual":22.55},{"year":2030,"yearIdx":4,"opCost":2.26,"charterIncome":0,"netAnnual":-2.26,"cumulative":-11.87,"residual":21.99}],"totalOp":11.87,"totalCharter":0,"net5yr":-11.87,"residualY5":21.99,"netHoldCost":14.83,"netHoldCostPctOfAcq":59.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 59% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":24.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":16.22,"debt":8.73,"rateBps":700,"annualDebtCost":0.61,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$610K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":8.73,"debt":16.22,"rateBps":700,"annualDebtCost":1.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":15.97,"target":16.97,"ceiling":17.96,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Perini Navi — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 43% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Perini Navi, delivered in 2004 at 56m carries the full tier-A pedigree under proven systems. Lying in Piccadilly.","v":3}},{"id":"edmiston-5741","name":"Lady Nora","builder":"Broward","year":1998,"len":45.1,"price":7.02,"city":"Greece","country":"","sourceUrl":"https://www.edmiston.com/5741/lady-nora-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:01.106Z","photoUrl":"https://origin.edmiston.com/lib/image/2f07bdea5a037233b5db0fb2aa800aefd4562003/Lady+Nora+%C2%A9+YachtShot+H113.JPG?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/2f07bdea5a037233b5db0fb2aa800aefd4562003/Lady+Nora+%C2%A9+YachtShot+H113.JPG?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/1d60287f1c6aab54a430d4455371eaef769725b0/Lady+Nora+%C2%A9+YachtShot+H033b.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/cdba3ee97fcb83e5ea49f09bff204978ef40ff14/Lady+Nora+%C2%A9+YachtShot+H021.JPG?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/47d98a8fa3705ca685aef8f1b6133445fcd8e509/Lady+Nora+%C2%A9+YachtShot+H010b.jpg","https://origin.edmiston.com/lib/image/a65c5b21a2affa14dad8f84e381c11794a2568d6/Lady+Nora+%C2%A9+YachtShot+H025.JPG","https://origin.edmiston.com/lib/image/940380a1a7373171a81eadbbe311ddc7d8bdfc37/Lady+Nora+%C2%A9+YachtShot+H029.JPG","https://origin.edmiston.com/lib/image/6e94fd20dc8e03d900f6c82d544583e648392efc/sun-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/7499c020c648b3cf8f9eae10b305caa1f38978c6/upper-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/4948b43616a04984d130cbb82ea52ad2b2812da6/main-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/4471d1f82d40973a903994a2d345fdad17cb9808/lower-deck.jpg?x=1139&crop"],"_priv":{"estimate":{"delta":-12.66026754160885,"est":8.037579006031812,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Value · 13% under model","tone":"value"},"cashflow":{"acquisition":7.02,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-0.7,"residual":6.7},{"year":2027,"yearIdx":1,"opCost":0.67,"charterIncome":0,"netAnnual":-0.67,"cumulative":-1.37,"residual":6.4},{"year":2028,"yearIdx":2,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-2.01,"residual":6.11},{"year":2029,"yearIdx":3,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-2.62,"residual":5.84},{"year":2030,"yearIdx":4,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-3.2,"residual":5.58}],"totalOp":3.2,"totalCharter":0,"net5yr":-3.2,"residualY5":5.58,"netHoldCost":4.64,"netHoldCostPctOfAcq":66.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.02,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.56,"debt":2.46,"rateBps":700,"annualDebtCost":0.17,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.46,"debt":4.56,"rateBps":700,"annualDebtCost":0.32,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":5.89,"target":6.17,"ceiling":6.45,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (28y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 13% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Broward, delivered in 1998 at 45m represents the classic-platform era with a documented owner timeline. Lying in Greece.","v":3}},{"id":"edmiston-3128","name":"Graycliffs","builder":"Feadship","year":2016,"len":33.5,"price":16.9,"city":"New Castle","country":"","sourceUrl":"https://www.edmiston.com/3128/graycliffs-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:02.380Z","photoUrl":"https://origin.edmiston.com/lib/image/95e16eade4e9865094ec85006a0d923fbac6a393/GRAYCLIFFS_edited_New_sky3.jpg?x=1200&y=630&crop","photos":["https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4842769.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843620.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843621.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843629.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843630.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843632.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843633.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843634.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843635.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843636.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843637.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68f8ccd7a0af98dc7cc04ab3/large_4843638.jpg?auto=format&q=65&h=1"],"_priv":{"estimate":{"delta":46.95310217000734,"est":11.5002676026864,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 47% over model","tone":"premium"},"cashflow":{"acquisition":16.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.69,"charterIncome":0,"netAnnual":-1.69,"cumulative":-1.69,"residual":16.31},{"year":2027,"yearIdx":1,"opCost":1.63,"charterIncome":0,"netAnnual":-1.63,"cumulative":-3.32,"residual":15.9},{"year":2028,"yearIdx":2,"opCost":1.59,"charterIncome":0,"netAnnual":-1.59,"cumulative":-4.91,"residual":15.5},{"year":2029,"yearIdx":3,"opCost":1.55,"charterIncome":0,"netAnnual":-1.55,"cumulative":-6.46,"residual":15.11},{"year":2030,"yearIdx":4,"opCost":1.51,"charterIncome":0,"netAnnual":-1.51,"cumulative":-7.97,"residual":14.73}],"totalOp":7.97,"totalCharter":0,"net5yr":-7.97,"residualY5":14.73,"netHoldCost":10.14,"netHoldCostPctOfAcq":60,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":16.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":9.3,"debt":7.6,"rateBps":625,"annualDebtCost":0.47,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$470K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.91,"debt":10.99,"rateBps":625,"annualDebtCost":0.69,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":10.82,"target":11.49,"ceiling":12.17,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Feadship — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 47% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Feadship, delivered in 2016 at 34m carries the full tier-A pedigree under proven systems. Lying in New Castle.","v":3}},{"id":"edmiston-704","name":"Solis","builder":"Mulder Shipyard","year":2015,"len":34,"price":10.79,"city":"Vilanova i la Geltrú","country":"Cayman Islands","sourceUrl":"https://www.edmiston.com/704/solis-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:05.718Z","photoUrl":"https://origin.edmiston.com/lib/image/b45c7a6a206001f1bcef6fabe3392754899334de/SOLIS+-+Moravia+-+2023-07.pdf-026.jpg?x=1200&y=630&crop","photos":["https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820088.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820089.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820090.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820372.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820374.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820091.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820092.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820373.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820093.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820094.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820375.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/63b80649a6d2f0f065b38d46/large_3820377.jpg?auto=format&q=65&h=1"],"imo":"9784922","mmsi":"319086800","callsign":"ZGFD7","beam":6,"draught":2.3,"datalasticUuid":"9be1e15a-02f9-b0e3-885a-be45d46fbdc3","_priv":{"estimate":{"delta":38.15475087909825,"est":7.810082484562927,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 38% over model","tone":"premium"},"cashflow":{"acquisition":10.79,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.08,"charterIncome":0,"netAnnual":-1.08,"cumulative":-1.08,"residual":10.3},{"year":2027,"yearIdx":1,"opCost":1.03,"charterIncome":0,"netAnnual":-1.03,"cumulative":-2.11,"residual":9.84},{"year":2028,"yearIdx":2,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-3.09,"residual":9.4},{"year":2029,"yearIdx":3,"opCost":0.94,"charterIncome":0,"netAnnual":-0.94,"cumulative":-4.03,"residual":8.98},{"year":2030,"yearIdx":4,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-4.93,"residual":8.58}],"totalOp":4.93,"totalCharter":0,"net5yr":-4.93,"residualY5":8.58,"netHoldCost":7.14,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.79,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.93,"debt":4.86,"rateBps":625,"annualDebtCost":0.3,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$300K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.78,"debt":7.01,"rateBps":625,"annualDebtCost":0.44,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":7.06,"target":7.49,"ceiling":7.92,"baselineDiscountPct":30.6,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 38% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Mulder Shipyard, delivered in 2015 at 34m has settled into its proven-hull period with full systems history. Lying in Vilanova I La Geltrú, Cayman Islands.","v":3}},{"id":"edmiston-1698","name":"Moka","builder":"Overmarine","year":2015,"len":49.9,"price":11.66,"city":"","country":"Malta","sourceUrl":"https://www.edmiston.com/1698/moka-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:07.103Z","photoUrl":"https://origin.edmiston.com/lib/image/b23fbfabfa66e3f52c3d8e079f136b2a75d221d9/2025-10-12_Guy+Fleury_MY+Moka-483.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/b23fbfabfa66e3f52c3d8e079f136b2a75d221d9/2025-10-12_Guy+Fleury_MY+Moka-483.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/573be3841e33ff42067019d5767eb42b004ded4c/2025-10-12_Guy+Fleury_MY+Moka-389.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/48a41c9eeb9bf31dcd873a5dd08950c650b345ab/2025-10-12_Guy+Fleury_MY+Moka-364.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/0dd7fd3676ac10e366faec4aa1f2f3cfb24fedf2/2025-10-12_Guy+Fleury_MY+Moka-521.jpg","https://origin.edmiston.com/lib/image/7238ea39fae76e83ee55bac4d655b89f3609cd71/2025-10-12_Guy+Fleury_MY+Moka-102.jpg","https://origin.edmiston.com/lib/image/b110828aeef1a47da03a2127482084469944984f/2025-10-12_Guy+Fleury_MY+Moka-398+RT.jpg","https://origin.edmiston.com/lib/image/1ff860facf66c71bbe8d57cb995aa5bb2e594014/upper-deck-MOKA.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/32090f8c6a660637f8cf8cd4209486d638b1d28e/main-deck-MOKA.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/51fdeb21aeae88ec8f7150e569d8753491fa0c66/lower-deck-MOKA.jpg?x=1139&crop"],"imo":"9796004","mmsi":"215100000","callsign":"9HA4959","beam":10,"draught":2.7,"homePort":"VALLETTA","datalasticUuid":"7a427f05-27a8-6477-3d4b-3ebd9f480587","_priv":{"estimate":{"delta":-37.02846707792816,"est":18.516303254725297,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 37% under model","tone":"strong-buy"},"cashflow":{"acquisition":11.66,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.17,"charterIncome":0,"netAnnual":-1.17,"cumulative":-1.17,"residual":11.14},{"year":2027,"yearIdx":1,"opCost":1.11,"charterIncome":0,"netAnnual":-1.11,"cumulative":-2.28,"residual":10.64},{"year":2028,"yearIdx":2,"opCost":1.06,"charterIncome":0,"netAnnual":-1.06,"cumulative":-3.34,"residual":10.16},{"year":2029,"yearIdx":3,"opCost":1.02,"charterIncome":0,"netAnnual":-1.02,"cumulative":-4.36,"residual":9.7},{"year":2030,"yearIdx":4,"opCost":0.97,"charterIncome":0,"netAnnual":-0.97,"cumulative":-5.33,"residual":9.26}],"totalOp":5.33,"totalCharter":0,"net5yr":-5.33,"residualY5":9.26,"netHoldCost":7.73,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":11.66,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.41,"debt":5.25,"rateBps":625,"annualDebtCost":0.33,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$330K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.08,"debt":7.58,"rateBps":625,"annualDebtCost":0.47,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":10.3,"target":10.76,"ceiling":11.23,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 37% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Overmarine, delivered in 2015 at 50m has settled into its proven-hull period with full systems history. Lying in Malta.","v":3}},{"id":"edmiston-502","name":"Seven Sins","builder":"Sanlorenzo","year":2017,"len":52,"price":30.01,"city":"Viareggio","country":"Cayman Islands","sourceUrl":"https://www.edmiston.com/502/seven-sins-yacht-charter/","source":"edmiston","refreshedAt":"2026-05-16T18:01:46.530Z","photoUrl":"https://origin.edmiston.com/lib/image/4b47b6e97318fb5b8895ccd94942f37b12ab6e93/SEVEN+SINS+-+Sales+Brochure+-+BF+2025-08_Page_01_Image_0001.jpeg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/4b47b6e97318fb5b8895ccd94942f37b12ab6e93/SEVEN+SINS+-+Sales+Brochure+-+BF+2025-08_Page_01_Image_0001.jpeg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/02400ca395b2b23d03d7d19576f93172f69708f7/espec_seven-sins_21july17_vm.pdf-001.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/b31e96adcdbec51540ba0c3007e04b0e2b07cc75/espec_seven-sins_21july17_vm.pdf-020.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/6816807314964f57c5e16b1725d55abe3752c0cc/espec_seven-sins_21july17_vm.pdf-013.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/8af0775a525109dc97efc339f4b4d866b6862529/espec_seven-sins_21july17_vm.pdf-000.jpg","https://origin.edmiston.com/lib/image/6791f811946172d171a9e8248e98608556519924/espec_seven-sins_21july17_vm.pdf-021.jpg","https://origin.edmiston.com/lib/image/f80ada25a9d6a48d1b65377e019d038d2192ebbf/espec_seven-sins_21july17_vm.pdf-022.jpg","https://origin.edmiston.com/lib/image/bd679ef5adaa428653fc9eacdb97c24f41320559/sun-deck-SEVEN-SINS.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/9a556e06ecd7cf98dbb295857103202be2f491f6/upper-deck-SEVEN-SINS.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/97ea189b423bcf04f0422df84a9f0957c007f643/main-deck-SEVEN-SINS.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/7b45244059f9892a11c8e01e5256111ad75f48da/lower-deck-SEVIN-SINS.jpg?x=1139&crop"],"charterAvailable":true,"lastAisCoord":{"lat":43.54429,"lon":7.11422,"ts":"2026-05-16T17:51:10.985Z","sog":0.1},"coordPrecision":"live-ais","isDocked":true,"lat":43.54429,"lon":7.11422,"imo":"9822827","mmsi":"319114300","callsign":"ZGGL4","beam":8.9,"draught":2.7,"datalasticUuid":"e84ecbb4-3f21-df50-0829-c1e51f056061","_priv":{"estimate":{"delta":13.083622405333484,"est":26.537883525196136,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · tier-A Sanlorenzo","tone":"premium"},"cashflow":{"acquisition":30.01,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3,"charterIncome":2.18,"netAnnual":-0.82,"cumulative":-0.82,"residual":28.96},{"year":2027,"yearIdx":1,"opCost":2.9,"charterIncome":2.18,"netAnnual":-0.72,"cumulative":-1.54,"residual":27.95},{"year":2028,"yearIdx":2,"opCost":2.79,"charterIncome":2.18,"netAnnual":-0.61,"cumulative":-2.15,"residual":27.25},{"year":2029,"yearIdx":3,"opCost":2.73,"charterIncome":2.18,"netAnnual":-0.55,"cumulative":-2.7,"residual":26.57},{"year":2030,"yearIdx":4,"opCost":2.66,"charterIncome":2.18,"netAnnual":-0.48,"cumulative":-3.18,"residual":25.91}],"totalOp":14.08,"totalCharter":10.9,"net5yr":-3.18,"residualY5":25.91,"netHoldCost":7.28,"netHoldCostPctOfAcq":24.3,"verdict":"Charter offsets ~77% of operating cost. Effective hold cost: 24% of acquisition over 5 years.","tone":"fair"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":30.01,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":13.5,"debt":16.51,"rateBps":625,"annualDebtCost":1.03,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.0M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":10.5,"debt":19.51,"rateBps":625,"annualDebtCost":1.22,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":24.24,"target":25.44,"ceiling":26.64,"baselineDiscountPct":15.2,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Sanlorenzo — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 13% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Sanlorenzo, delivered in 2017 at 52m carries the full tier-A pedigree under proven systems. Lying in Viareggio, Cayman Islands, with charter dates available.","v":3}},{"id":"edmiston-3971","name":"Serenity","builder":"Mondomarine","year":2015,"len":42.3,"price":17.17,"city":"Imperia","country":"Cook Islands","sourceUrl":"https://www.edmiston.com/3971/serenity-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:09.847Z","photoUrl":"https://origin.edmiston.com/lib/image/be386c828ed8479024062a048f3e5fd3b536c266/DJI_0133.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/be386c828ed8479024062a048f3e5fd3b536c266/DJI_0133.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/abb6d6fe9880ea12305fded5113c1606d290c412/DSC_8972_HDR.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/b9b9464dc0ac30398f41d20c8530f1a121b9f448/DSC_9349.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/f25c6151c53852820093010207a528fd66d4d6ad/DSC_8995_HDR.jpg","https://origin.edmiston.com/lib/image/de30f41289778c59db2029f93fcbd8b620a1ecc7/DSC_9015.jpg","https://origin.edmiston.com/lib/image/75433f96cbe242a0e412e7dde460dac1173870d1/DSC_9515_HDR.jpg","https://origin.edmiston.com/lib/image/87bb54fb8220c0cce9a9a9957dbaf2643e882f49/fly-deck-serenity.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/376d67e4845050acb88a85f67c77a7e52ddbfa79/owners-deck-serenity.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/48c0cd878b3b2fccb6c9c3477514f0efbc661abf/main-deck-serenity.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/966a750724171819ef7f9e52db3bf3e614d4b344/lower-deck-serenity.jpg?x=1139&crop"],"lastAisCoord":{"lat":42.30103,"lon":-71.03051,"ts":"2026-05-16T17:21:07.808Z","sog":null},"coordPrecision":"live-ais","lat":42.30103,"lon":-71.03051,"imo":"9744295","mmsi":"518100160","callsign":"E5U3105","beam":8.8,"draught":3,"homePort":"ARUTANGA","datalasticUuid":"a5e3b250-e2e5-9285-81e5-1fb5d3b31c0d","_priv":{"estimate":{"delta":25.256376742286296,"est":13.707884936929878,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 25% over model","tone":"premium"},"cashflow":{"acquisition":17.17,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.72,"charterIncome":0,"netAnnual":-1.72,"cumulative":-1.72,"residual":16.4},{"year":2027,"yearIdx":1,"opCost":1.64,"charterIncome":0,"netAnnual":-1.64,"cumulative":-3.36,"residual":15.66},{"year":2028,"yearIdx":2,"opCost":1.57,"charterIncome":0,"netAnnual":-1.57,"cumulative":-4.93,"residual":14.96},{"year":2029,"yearIdx":3,"opCost":1.5,"charterIncome":0,"netAnnual":-1.5,"cumulative":-6.43,"residual":14.29},{"year":2030,"yearIdx":4,"opCost":1.43,"charterIncome":0,"netAnnual":-1.43,"cumulative":-7.86,"residual":13.65}],"totalOp":7.86,"totalCharter":0,"net5yr":-7.86,"residualY5":13.65,"netHoldCost":11.38,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":17.17,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":9.44,"debt":7.73,"rateBps":625,"annualDebtCost":0.48,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$480K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.01,"debt":11.16,"rateBps":625,"annualDebtCost":0.7,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":12.34,"target":13.03,"ceiling":13.71,"baselineDiscountPct":24.1,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 25% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Mondomarine, delivered in 2015 at 42m has settled into its proven-hull period with full systems history. Lying in Imperia, Cook Islands.","v":3}},{"id":"edmiston-1780","name":"Green Eyes","builder":"Wally","year":2002,"len":32.9,"price":4.05,"city":"Cascais","country":"Italy","sourceUrl":"https://www.edmiston.com/1780/green-eyes-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:11.235Z","photoUrl":"https://origin.edmiston.com/lib/image/be2f50faed72b6aa6e9d4d3f2483c5434617a537/250705_MFST_%C2%A9+Ricardo+Pinto_1109.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/be2f50faed72b6aa6e9d4d3f2483c5434617a537/250705_MFST_%C2%A9+Ricardo+Pinto_1109.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/c91ead462dd83c2ef3c154c099787537f542b3de/DSC_0659.JPG?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/d2cb508053324328b83789b4d430363bd2d8e952/SO7_5076.JPG?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/27e6d1eaf60ff2c696fed3639e17464e7a291001/SO7_2554.JPG","https://origin.edmiston.com/lib/image/c8a512f2a751897f69dd40372c7b55a5221d82d2/SO7_2556.JPG","https://origin.edmiston.com/lib/image/9b854b1a479a9be7370f01982fc0a8ee2415ceff/DSC_0843.JPG"],"mmsi":"247076400","callsign":"IR9939","beam":6,"datalasticUuid":"df51fee0-ba30-813e-b941-b58b1ed75c93","_priv":{"estimate":{"delta":-29.598434670033825,"est":5.752712998664153,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 30% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":4.05,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-0.41,"residual":3.95},{"year":2027,"yearIdx":1,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-0.81,"residual":3.85},{"year":2028,"yearIdx":2,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-1.2,"residual":3.75},{"year":2029,"yearIdx":3,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-1.58,"residual":3.66},{"year":2030,"yearIdx":4,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-1.95,"residual":3.57}],"totalOp":1.95,"totalCharter":0,"net5yr":-1.95,"residualY5":3.57,"netHoldCost":2.43,"netHoldCostPctOfAcq":60,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.05,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.63,"debt":1.42,"rateBps":700,"annualDebtCost":0.1,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.42,"debt":2.63,"rateBps":700,"annualDebtCost":0.18,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":3.49,"target":3.65,"ceiling":3.81,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Wally — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (24y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 30% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Wally, delivered in 2002 at 33m carries the full tier-A pedigree under proven systems. Lying in Cascais, Italy.","v":3}},{"id":"edmiston-1724","name":"Andromeda la Dea","builder":"Perini Navi","year":1990,"len":47,"price":26.95,"city":"Viareggio","country":"Cayman Islands","sourceUrl":"https://www.edmiston.com/1724/andromeda-la-dea-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:17.309Z","photoUrl":"https://origin.edmiston.com/lib/image/2290903a8ef9d5c8370e0f8a450f2df264065fd6/Landscape-2H5A5891+copia2.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/2290903a8ef9d5c8370e0f8a450f2df264065fd6/Landscape-2H5A5891+copia2.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/47b742703e7483c920f689ad9232ccee2cf5b3e0/2025_12_12_MS_SYAndromeda-0705.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/4c58a99d48abd0f63663e9459c1f5e7ce249e4dd/2025_12_12_MS_SYAndromeda-0859.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/83628ef36a3c4a35150caea77e7c1eeaeb75c6fd/2025_12_12_MS_SYAndromeda-0259.jpg","https://origin.edmiston.com/lib/image/1966943067b7dc9292485e52738fd6616ac1898c/DJI_20251212155514_0090_D.jpg","https://origin.edmiston.com/lib/image/cb33e3f9f6f1ad500bf8d25a25108d822502f9de/Salon+image+replacement+1.jpg","https://origin.edmiston.com/lib/image/8dec954f84d13003aab27a1c40c3551ea103f22c/andromeda-la-dea-sun-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/d08468431bc8036845f4e7d3b0c6a3cbefe567c8/andromeda-la-dea-main-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/2e17c082169f8cd35fea6f2d840ccac357a2316a/andromeda-la-dea-lower-deck.jpg?x=1139&crop"],"imo":"8731942","mmsi":"319860000","callsign":"ZCGY3","beam":9.2,"datalasticUuid":"e1a58a4b-a9db-18d4-2d32-7a5c24fe6035","_priv":{"estimate":{"delta":257.79417566650244,"est":7.5322634723713096,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":26.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.7,"charterIncome":0,"netAnnual":-2.7,"cumulative":-2.7,"residual":26.28},{"year":2027,"yearIdx":1,"opCost":2.63,"charterIncome":0,"netAnnual":-2.63,"cumulative":-5.33,"residual":25.62},{"year":2028,"yearIdx":2,"opCost":2.56,"charterIncome":0,"netAnnual":-2.56,"cumulative":-7.89,"residual":24.98},{"year":2029,"yearIdx":3,"opCost":2.5,"charterIncome":0,"netAnnual":-2.5,"cumulative":-10.39,"residual":24.36},{"year":2030,"yearIdx":4,"opCost":2.44,"charterIncome":0,"netAnnual":-2.44,"cumulative":-12.83,"residual":23.75}],"totalOp":12.83,"totalCharter":0,"net5yr":-12.83,"residualY5":23.75,"netHoldCost":16.03,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":26.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":17.52,"debt":9.43,"rateBps":700,"annualDebtCost":0.66,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$660K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":9.43,"debt":17.52,"rateBps":700,"annualDebtCost":1.23,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":17.25,"target":18.33,"ceiling":19.4,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Perini Navi — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (36y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 258% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Perini Navi, delivered in 1990 at 47m carries the full tier-A pedigree under proven systems. Lying in Viareggio, Cayman Islands.","v":3}},{"id":"edmiston-3941","name":"Heritage M","builder":"Perini Navi","year":2000,"len":33.5,"price":6.26,"city":"La Spezia","country":"Italy","sourceUrl":"https://www.edmiston.com/3941/heritage-m-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:18.683Z","photoUrl":"https://origin.edmiston.com/lib/image/0591ca957dc1f9a86db2eb9849e5fd08312b064b/heritage-m-yacht-2-upscaled.jpg?x=1200&y=630&crop","photos":["https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4923949.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4924054.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4924028.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4924004.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4923956.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4924060.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4923976.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4923997.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4923990.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4923981.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4923968.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6984d0aad6676c809ff7b690/large_4924036.jpg?auto=format&q=65&h=1"],"mmsi":"247064450","callsign":"IO3446","beam":8,"datalasticUuid":"16262eee-8bc9-8af5-bd10-176478d3e8a9","_priv":{"estimate":{"delta":28.6091203956744,"est":4.867461950397218,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":6.26,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-0.63,"residual":6.1},{"year":2027,"yearIdx":1,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-1.24,"residual":5.95},{"year":2028,"yearIdx":2,"opCost":0.6,"charterIncome":0,"netAnnual":-0.6,"cumulative":-1.84,"residual":5.8},{"year":2029,"yearIdx":3,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-2.42,"residual":5.65},{"year":2030,"yearIdx":4,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-2.99,"residual":5.51}],"totalOp":2.99,"totalCharter":0,"net5yr":-2.99,"residualY5":5.51,"netHoldCost":3.74,"netHoldCostPctOfAcq":59.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.26,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.07,"debt":2.19,"rateBps":700,"annualDebtCost":0.15,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$150K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.19,"debt":4.07,"rateBps":700,"annualDebtCost":0.28,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":4.14,"target":4.39,"ceiling":4.64,"baselineDiscountPct":29.8,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Perini Navi — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (26y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 29% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Perini Navi, delivered in 2000 at 34m carries the full tier-A pedigree under proven systems. Lying in La Spezia, Italy.","v":3}},{"id":"edmiston-1944","name":"Asya","builder":"Heesen Yachts","year":2015,"len":46.7,"price":0,"city":"Dubai","country":"","sourceUrl":"https://www.edmiston.com/1944/asya-yacht-charter/","source":"edmiston","refreshedAt":"2026-05-16T17:51:48.824Z","photoUrl":"https://origin.edmiston.com/lib/image/69cd303acf8814f3854d15796e27d49fddc739da/ASYA_Page_01_Image_0001-crop.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/69cd303acf8814f3854d15796e27d49fddc739da/ASYA_Page_01_Image_0001-crop.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/f5c644dee5c625955d0869ef0ebae1465e457929/ASYA_Page_29_Image_0001.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/0e96030afd802d5c38bb1471768372f984d9e383/ASYA_Page_15_Image_0001.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/2c9a651b9c87c8da675661864e4b3b6131c6921a/ASYA_Page_30_Image_0001.jpg","https://origin.edmiston.com/lib/image/2fd1978e33f995ba55fe182ab4294ace4b9e2151/ASYA_Page_32_Image_0001.jpg","https://origin.edmiston.com/lib/image/c67f38910b6904f706f7ffef070651c4e2458663/ASYA_Page_33_Image_0001.jpg","https://origin.edmiston.com/lib/image/f0d9c7dadb39004b251cd75f727ecbcf39b66481/asya-sundeck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/2e27bdfbc1ca65a6bbacaef45768503be4792d01/asya-bridge-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/14bff82f9b8f211aef8eaf69aa0e513cc6f09f29/asya-main-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/dbef2aefa948354b5740bd290a5196a9ec62a495/asya-lower-deck.jpg?x=1139&crop"],"charterAvailable":true,"lastAisCoord":{"lat":43.78809,"lon":7.600513333333334,"ts":"2026-05-04T08:43:05.000Z","sog":0},"coordPrecision":"last-ais","isDocked":true,"lat":43.78809,"lon":7.600513333333334,"_priv":{"estimate":{"delta":-100,"est":21.230094162971508,"label":"Under","cls":"u"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No asking price","No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 100% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":21.230094162971508,"isPOA":true,"rows":[{"year":2026,"yearIdx":0,"opCost":2.12,"charterIncome":2.1,"netAnnual":-0.02,"cumulative":-0.02,"residual":20.7},{"year":2027,"yearIdx":1,"opCost":2.07,"charterIncome":2.1,"netAnnual":0.03,"cumulative":0.01,"residual":20.18},{"year":2028,"yearIdx":2,"opCost":2.02,"charterIncome":2.1,"netAnnual":0.08,"cumulative":0.09,"residual":19.68},{"year":2029,"yearIdx":3,"opCost":1.97,"charterIncome":2.1,"netAnnual":0.13,"cumulative":0.22,"residual":19.19},{"year":2030,"yearIdx":4,"opCost":1.92,"charterIncome":2.1,"netAnnual":0.18,"cumulative":0.4,"residual":18.71}],"totalOp":10.1,"totalCharter":10.5,"net5yr":0.4,"residualY5":18.71,"netHoldCost":2.12,"netHoldCostPctOfAcq":10,"verdict":"Cash-positive over 5 years — net $0.4M after charter. Effective hold cost: 10% of acquisition.","tone":"soft"},"capStack":null,"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":null,"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Heesen Yachts — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 100% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Heesen Yachts, delivered in 2015 at 47m carries the full tier-A pedigree under proven systems. Lying in Dubai, with charter dates available.","v":3}},{"id":"edmiston-167","name":"Safe Haven","builder":"Admiral","year":0,"len":37.5,"price":0,"city":"","country":"","sourceUrl":"https://www.edmiston.com/167/safe-haven-yacht-charter/","source":"edmiston","refreshedAt":"2026-05-16T16:11:41.892Z","photoUrl":"https://origin.edmiston.com/lib/image/7312348badf94652095758139a2deb5d691f8dd1/Safe+Haven+Anchor_0860_%C2%A9Jim_Raycroft.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/7312348badf94652095758139a2deb5d691f8dd1/Safe+Haven+Anchor_0860_%C2%A9Jim_Raycroft.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/4d80deacd4f949bd3d4a515ab48ad0c8ef06cfa2/Safe+Haven+Run_0818_%C2%A9Jim_Raycroft_NoTD.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/216a556d26a51c57e1cbc6cf181d070e6ca5b958/Salon_9488_%C2%A9Jim_Raycroft.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/377be4c750763cee70575545be9015790a7fe035/Toys+Movie_0791_%C2%A9Jim_Raycroft.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/11ab0c3c9cc94c5034f5f24b5c31913fe6d75275/Safe+Haven+Run_9743_%C2%A9Jim_Raycroft_NoTD.jpg","https://origin.edmiston.com/lib/image/a75b03c156e2309cecad7be2a7b46d3d5743239d/fig_image_30_77_NoTD.jpg","https://origin.edmiston.com/lib/image/b930226b986e89f4c3ee304b3aa8684fc3766b7c/Dining+Aft+Deck_8500_%C2%A9Jim_Raycroft.jpg"],"charterAvailable":true,"_priv":{"estimate":{"delta":-100,"est":4.177252561294549,"label":"Under","cls":"u"},"listing":{"score":55,"tone":"sparse","label":"Sparse listing · 5 gaps","gaps":["No build year","No asking price","No engine hours","No location","No broker identified"]},"deal":{"verdict":"Strong value · 100% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.177252561294549,"isPOA":true,"rows":[{"year":2026,"yearIdx":0,"opCost":0.42,"charterIncome":0.41,"netAnnual":-0.01,"cumulative":-0.01,"residual":3.93},{"year":2027,"yearIdx":1,"opCost":0.39,"charterIncome":0.41,"netAnnual":0.02,"cumulative":0.01,"residual":3.69},{"year":2028,"yearIdx":2,"opCost":0.37,"charterIncome":0.41,"netAnnual":0.04,"cumulative":0.05,"residual":3.47},{"year":2029,"yearIdx":3,"opCost":0.35,"charterIncome":0.41,"netAnnual":0.06,"cumulative":0.11,"residual":3.26},{"year":2030,"yearIdx":4,"opCost":0.33,"charterIncome":0.41,"netAnnual":0.08,"cumulative":0.19,"residual":3.06}],"totalOp":1.86,"totalCharter":2.05,"net5yr":0.19,"residualY5":3.06,"netHoldCost":0.93,"netHoldCostPctOfAcq":22.3,"verdict":"Cash-positive over 5 years — net $0.2M after charter. Effective hold cost: 22% of acquisition.","tone":"soft"},"capStack":null,"levers":[],"bidIntel":null,"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 100% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This Admiral, 38m on deck is shown by appointment to qualified buyers. With charter dates available.","v":3}},{"id":"edmiston-539","name":"Laurentia","builder":"Heesen Yachts","year":2017,"len":54.9,"price":48.6,"city":"Antibes","country":"Marshall Islands","sourceUrl":"https://www.edmiston.com/539/laurentia-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:22.862Z","photoUrl":"https://origin.edmiston.com/lib/image/834b54be3f61eecb85c2178fd763563638ce853a/1-Laurentia-ext1.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/834b54be3f61eecb85c2178fd763563638ce853a/1-Laurentia-ext1.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/d0dd02e939e6b0aeee16f5b620b0e1c77ce51f2f/Jeff+Brown-25670.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/122ad6284ffc8025f76188c3bbfa159373fa5fbd/Jeff+Brown-26022.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/4e3aabc33f8f96029ae03857f10785bb57dca0e2/Jeff+Brown-25586.jpg","https://origin.edmiston.com/lib/image/ebfc7f2ce52f3a42dd8761b50f0af5892ab54b9a/Jeff+Brown-25688.jpg","https://origin.edmiston.com/lib/image/77f7b47a72dd3c6ef6934e0a7f9b4d2b12917589/Jeff+Brown-25657.jpg"],"lastAisCoord":{"lat":44.40879,"lon":8.92107,"ts":"2026-05-16T17:46:07.891Z","sog":null},"coordPrecision":"live-ais","lat":44.40879,"lon":8.92107,"imo":"1013054","mmsi":"538071251","callsign":"V7XR9","beam":9.62,"datalasticUuid":"a39fcd38-6beb-762e-645c-b59a66f99b4d","_priv":{"estimate":{"delta":51.84587201978461,"est":32.006138430729095,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 52% over model","tone":"premium"},"cashflow":{"acquisition":48.6,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":4.86,"charterIncome":0,"netAnnual":-4.86,"cumulative":-4.86,"residual":46.9},{"year":2027,"yearIdx":1,"opCost":4.69,"charterIncome":0,"netAnnual":-4.69,"cumulative":-9.55,"residual":45.26},{"year":2028,"yearIdx":2,"opCost":4.53,"charterIncome":0,"netAnnual":-4.53,"cumulative":-14.08,"residual":44.13},{"year":2029,"yearIdx":3,"opCost":4.41,"charterIncome":0,"netAnnual":-4.41,"cumulative":-18.49,"residual":43.03},{"year":2030,"yearIdx":4,"opCost":4.3,"charterIncome":0,"netAnnual":-4.3,"cumulative":-22.79,"residual":41.95}],"totalOp":22.79,"totalCharter":0,"net5yr":-22.79,"residualY5":41.95,"netHoldCost":29.44,"netHoldCostPctOfAcq":60.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 61% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":48.6,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":21.87,"debt":26.73,"rateBps":625,"annualDebtCost":1.67,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.7M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":17.01,"debt":31.59,"rateBps":625,"annualDebtCost":1.97,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"},{"lever":"High-dockage location","rationale":"Marina charges in Antibes are at the top of the curve — every month of unsold inventory bills the seller. Use the calendar.","strength":"soft","pointsOff":"1-2%"}],"bidIntel":{"opening":31.1,"target":33.05,"ceiling":34.99,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Heesen Yachts — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 52% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Heesen Yachts, delivered in 2017 at 55m carries the full tier-A pedigree under proven systems. Lying in Antibes, Marshall Islands.","v":3}},{"id":"edmiston-3792","name":"Pantera","builder":"Azimut","year":2019,"len":35,"price":9.18,"city":"","country":"Cayman Islands","sourceUrl":"https://www.edmiston.com/3792/pantera-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:30.822Z","photoUrl":"https://origin.edmiston.com/lib/image/6a3d4b1e7911a412bff172d547b2910bd19f6cef/vicious-rumour-ii_bf-spec-fraser-13oct20-vm..pdf-000.jpg?x=1200&y=630&crop","photos":["https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028588.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028491.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028521.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028501.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028498.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028500.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028507.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028510.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028511.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028517.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028512.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/69ebaf9f6e78936a57b31140/large_5028502.jpg?auto=format&q=65&h=1"],"lastAisCoord":{"lat":44.41654,"lon":8.8375,"ts":"2026-05-16T17:46:06.602Z","sog":null},"coordPrecision":"live-ais","lat":44.41654,"lon":8.8375,"mmsi":"319223100","callsign":"ZGOY8","beam":8,"datalasticUuid":"c84a728d-58ae-3036-0499-8273ef6c15c4","_priv":{"estimate":{"delta":-0.1613427826316089,"est":9.19483520297487,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":null,"cashflow":{"acquisition":9.18,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.92,"charterIncome":0,"netAnnual":-0.92,"cumulative":-0.92,"residual":8.63},{"year":2027,"yearIdx":1,"opCost":0.86,"charterIncome":0,"netAnnual":-0.86,"cumulative":-1.78,"residual":8.11},{"year":2028,"yearIdx":2,"opCost":0.81,"charterIncome":0,"netAnnual":-0.81,"cumulative":-2.59,"residual":7.62},{"year":2029,"yearIdx":3,"opCost":0.76,"charterIncome":0,"netAnnual":-0.76,"cumulative":-3.35,"residual":7.16},{"year":2030,"yearIdx":4,"opCost":0.72,"charterIncome":0,"netAnnual":-0.72,"cumulative":-4.07,"residual":6.84}],"totalOp":4.07,"totalCharter":0,"net5yr":-4.07,"residualY5":6.84,"netHoldCost":6.41,"netHoldCostPctOfAcq":69.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 70% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.18,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.05,"debt":4.13,"rateBps":625,"annualDebtCost":0.26,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$260K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.21,"debt":5.97,"rateBps":625,"annualDebtCost":0.37,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.53,"target":7.89,"ceiling":8.26,"baselineDiscountPct":14,"strategy":"Segment-typical pricing. Standard 14%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Azimut is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Azimut, delivered in 2019 at 35m has settled into its proven-hull period with full systems history. Lying in Cayman Islands.","v":3}},{"id":"edmiston-4030","name":"Squall","builder":"Perini Navi","year":2002,"len":52,"price":21.49,"city":"Palma","country":"Cayman Islands","sourceUrl":"https://www.edmiston.com/4030/squall-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:10:58.975Z","photoUrl":"https://origin.edmiston.com/lib/image/9a6c53b0edcfe0a2079b6c3e32c2184d8f744167/03_2002-52mt-squall.jpg?x=1200&y=630&crop","photos":["https://origin.edmiston.com/lib/image/9a6c53b0edcfe0a2079b6c3e32c2184d8f744167/03_2002-52mt-squall.jpg?x=1200&y=630&crop","https://origin.edmiston.com/lib/image/0e389cad2dedfa5edc69a434b0eca18716b933ae/sitting-area-aft-view.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/467f8ae35d3f974daac0b873e27e4fe662f3f62e/TISH+3.jpg?x=1920&y=1080&crop","https://origin.edmiston.com/lib/image/b0645bb8e9ca376a2190c75f6643dbdb32646d5b/sitting-area.jpg","https://origin.edmiston.com/lib/image/2e4972e4c36474523b9d7ad5a255a78ae90b6bf2/06_2002-52mt-squall.jpg","https://origin.edmiston.com/lib/image/5727c718b03d63a79e919a571b8dd7a2cd0d95e9/dining.jpg","https://origin.edmiston.com/lib/image/21ab740446b0942d52a79de5dda839cffaed3e8f/squall-main-deck.jpg?x=1139&crop","https://origin.edmiston.com/lib/image/589fd6939b82a742d6a875ae9799aa893fe0095f/squall-lower-deck.jpg?x=1139&crop"],"imo":"9480514","mmsi":"319811000","callsign":"ZCIF2","beam":10.35,"draught":5,"homePort":"GEORGE TOWN","datalasticUuid":"54f76bcc-56b3-c6e8-77ff-d79685d0668f","_priv":{"estimate":{"delta":46.63723115840136,"est":14.655213979583356,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":21.49,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.15,"charterIncome":0,"netAnnual":-2.15,"cumulative":-2.15,"residual":20.95},{"year":2027,"yearIdx":1,"opCost":2.1,"charterIncome":0,"netAnnual":-2.1,"cumulative":-4.25,"residual":20.43},{"year":2028,"yearIdx":2,"opCost":2.04,"charterIncome":0,"netAnnual":-2.04,"cumulative":-6.29,"residual":19.92},{"year":2029,"yearIdx":3,"opCost":1.99,"charterIncome":0,"netAnnual":-1.99,"cumulative":-8.28,"residual":19.42},{"year":2030,"yearIdx":4,"opCost":1.94,"charterIncome":0,"netAnnual":-1.94,"cumulative":-10.22,"residual":18.93}],"totalOp":10.22,"totalCharter":0,"net5yr":-10.22,"residualY5":18.93,"netHoldCost":12.78,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":21.49,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":13.97,"debt":7.52,"rateBps":700,"annualDebtCost":0.53,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$530K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":7.52,"debt":13.97,"rateBps":700,"annualDebtCost":0.98,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":13.75,"target":14.61,"ceiling":15.47,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Perini Navi — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (24y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 47% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Perini Navi, delivered in 2002 at 52m carries the full tier-A pedigree under proven systems. Lying in Palma, Cayman Islands.","v":3}},{"id":"edmiston-923","name":"Pelorus","builder":"Lürssen","year":2003,"len":115,"price":172.8,"city":"East Mediterranean","country":"Germany","sourceUrl":"https://www.edmiston.com/923/pelorus-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:25.616Z","photoUrl":"https://origin.edmiston.com/lib/image/64cc98a3ea62df26fbf972b47536d21cbdc43422/DJI_20260322134309_0880_D.jpg?x=1200&y=630&crop","photos":["https://www.burgessyachts.com/web/vb/crop/5691274/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691273/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691272/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691266/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691265/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691264/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691261/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691221/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691222/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691223/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691224/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691225/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691226/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691227/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691228/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691229/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691230/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691231/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691232/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691233/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691234/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691235/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691236/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5691237/y_-1_full.jpg?width=1200&format=webp&quality=60"],"imo":"8977273","mmsi":"319029200","homePort":"George Town","wikidata":{"qid":"Q2036118","url":"http://www.wikidata.org/entity/Q2036118"},"ownerTimeline":[{"year":0,"owner":"Roman Abramovich","note":"year unconfirmed"},{"year":0,"owner":"Samuel Tak Lee","note":"year unconfirmed"},{"year":0,"owner":"Abdullah bin Zayed Al Nahyan","note":"year unconfirmed"}],"_priv":{"estimate":{"delta":59.212302843962114,"est":108.53432612513285,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":172.8,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":13.82,"charterIncome":0,"netAnnual":-13.82,"cumulative":-13.82,"residual":168.48},{"year":2027,"yearIdx":1,"opCost":13.48,"charterIncome":0,"netAnnual":-13.48,"cumulative":-27.3,"residual":164.27},{"year":2028,"yearIdx":2,"opCost":13.14,"charterIncome":0,"netAnnual":-13.14,"cumulative":-40.44,"residual":160.16},{"year":2029,"yearIdx":3,"opCost":12.81,"charterIncome":0,"netAnnual":-12.81,"cumulative":-53.25,"residual":156.16},{"year":2030,"yearIdx":4,"opCost":12.49,"charterIncome":0,"netAnnual":-12.49,"cumulative":-65.74,"residual":152.26}],"totalOp":65.74,"totalCharter":0,"net5yr":-65.74,"residualY5":152.26,"netHoldCost":86.28,"netHoldCostPctOfAcq":49.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 50% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":172.8,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":112.32,"debt":60.48,"rateBps":650,"annualDebtCost":3.93,"thesis":"35% LTV at ~6.50% from a maritime specialist lender. Carrying cost ~$3.9M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":60.48,"debt":112.32,"rateBps":650,"annualDebtCost":7.3,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":110.59,"target":117.5,"ceiling":124.42,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Lürssen — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (23y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 59% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Lürssen, delivered in 2003 at 115m carries the full tier-A pedigree under proven systems. Lying in East Mediterranean, Germany.","v":3}},{"id":"burgess-10003928","name":"PROJECT LIFE","builder":"Benetti","year":2030,"len":85,"price":0,"city":"","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/project-life-10003928","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5310001/y_100_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5310000/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309980/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309978/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309981/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309983/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309984/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309985/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309987/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309991/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309993/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309975/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309976/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309974/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309999/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309995/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5309997/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/media-library/media/burgess/yachts/tosun%2010000994/tosun_10000994_vb5466009_3200x2133.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202605071121","https://www.burgessyachts.com/media-library/media/burgess/yachts/ebyshine%2010003396/ebyshine_10003396_vb5660336.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202603190946","https://www.burgessyachts.com/media-library/media/burgess/yachts/patea%2000007051/patea_00007051_vb2262752.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202408211133","https://www.burgessyachts.com/media-library/media/burgess/yachts/birubi%20%2010000943/birubi_10000943_vb5132342.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202512181349","https://www.burgessyachts.com/media-library/media/burgess/yachts/mari%20cha%20iii/mari_cha_iii_00006108_vb687429.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202604151637","https://www.burgessyachts.com/media-library/media/burgess/yachts/big%20m%2010001893/big_m_10001893_vb5547236.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202509291430","https://www.burgessyachts.com/media-library/media/burgess/yachts/vesper%2000004385/vesper_00004385_vb5398407_1000x667.jpg?width=315&height=210&rmode=crop&format=webp&quality=60&v=202605111840"],"refreshedAt":"2026-05-16T18:00:57.801Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5310001/y_100_full.jpg?width=1125&format=webp&quality=60","charterAvailable":true,"_priv":{"estimate":{"delta":-100,"est":151.67700210851478,"label":"Under","cls":"u"},"listing":{"score":64,"tone":"sparse","label":"Sparse listing · 4 gaps","gaps":["No build year","No asking price","No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 100% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":151.67700210851478,"isPOA":true,"rows":[{"year":2026,"yearIdx":0,"opCost":13.65,"charterIncome":8.01,"netAnnual":-5.64,"cumulative":-5.64,"residual":142.58},{"year":2027,"yearIdx":1,"opCost":12.83,"charterIncome":8.01,"netAnnual":-4.82,"cumulative":-10.46,"residual":134.03},{"year":2028,"yearIdx":2,"opCost":12.06,"charterIncome":8.01,"netAnnual":-4.05,"cumulative":-14.51,"residual":125.99},{"year":2029,"yearIdx":3,"opCost":11.34,"charterIncome":8.01,"netAnnual":-3.33,"cumulative":-17.84,"residual":118.43},{"year":2030,"yearIdx":4,"opCost":10.66,"charterIncome":8.01,"netAnnual":-2.65,"cumulative":-20.49,"residual":111.32}],"totalOp":60.54,"totalCharter":40.05,"net5yr":-20.49,"residualY5":111.32,"netHoldCost":60.85,"netHoldCostPctOfAcq":40.1,"verdict":"Charter offsets ~66% of operating cost. Effective hold cost: 40% of acquisition over 5 years.","tone":"fair"},"capStack":null,"levers":[],"bidIntel":null,"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Benetti — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 100% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This current-generation Benetti, delivered in 2030 at 85m carries the full tier-A pedigree and remains in its first-decade window. Lying in Italy, with charter dates available.","v":3}},{"id":"burgess-00009757","name":"ENERGY","builder":"Amels","year":2022,"len":77.8,"price":199.8,"city":"West Mediterranean","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/energy-00009757","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5516745/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516748/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516707/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516690/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516710/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516687/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516686/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516722/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516706/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516673/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516716/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516674/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516691/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516692/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516718/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516742/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516732/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516730/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516739/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516720/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516727/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516728/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516726/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5516688/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:00:59.245Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5516745/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":57.85625,"lon":16.6093,"ts":"2026-05-16T13:21:03.426Z","sog":null},"coordPrecision":"last-ais","lat":57.85625,"lon":16.6093,"imo":"9842475","mmsi":"319239800","callsign":"ZGOZ8","beam":16,"datalasticUuid":"e9119016-eb4b-d599-6a98-bd0a51f3aa20","_priv":{"estimate":{"delta":132.62730930503096,"est":85.88845419606932,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · iconic Amels, near-new","tone":"premium"},"cashflow":{"acquisition":199.8,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":17.98,"charterIncome":0,"netAnnual":-17.98,"cumulative":-17.98,"residual":192.81},{"year":2027,"yearIdx":1,"opCost":17.35,"charterIncome":0,"netAnnual":-17.35,"cumulative":-35.33,"residual":186.06},{"year":2028,"yearIdx":2,"opCost":16.75,"charterIncome":0,"netAnnual":-16.75,"cumulative":-52.08,"residual":179.55},{"year":2029,"yearIdx":3,"opCost":16.16,"charterIncome":0,"netAnnual":-16.16,"cumulative":-68.24,"residual":173.27},{"year":2030,"yearIdx":4,"opCost":15.59,"charterIncome":0,"netAnnual":-15.59,"cumulative":-83.83,"residual":167.21}],"totalOp":83.83,"totalCharter":0,"net5yr":-83.83,"residualY5":167.21,"netHoldCost":116.42,"netHoldCostPctOfAcq":58.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 58% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":199.8,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 60% LTV","cashAtClose":79.92,"debt":119.88,"rateBps":575,"annualDebtCost":6.89,"thesis":"60% LTV at ~5.75% from a maritime specialist lender. Carrying cost ~$6.9M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":69.93,"debt":129.87,"rateBps":575,"annualDebtCost":7.47,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":127.87,"target":135.86,"ceiling":143.86,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Amels — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 133% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Amels, delivered in 2022 at 78m carries the full tier-A pedigree and remains in its first-decade window. Lying in West Mediterranean, Cayman Islands.","v":3}},{"id":"burgess-10000131","name":"VANISH","builder":"Feadship, Royal Van Lent","year":2021,"len":71.5,"price":159.84,"city":"USA","country":"","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/vanish-10000131","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5650016/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649839/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649840/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649826/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649822/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649786/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649810/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649811/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649813/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649812/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649805/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649806/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649809/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649843/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649830/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649835/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649844/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649792/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649791/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649855/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649923/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649789/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649815/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5649931/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:01.247Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5650016/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":32.09824833333333,"lon":-81.11122333333333,"ts":"2026-05-16T15:28:04.000Z","sog":0},"coordPrecision":"last-ais","isDocked":true,"lat":32.09824833333333,"lon":-81.11122333333333,"imo":"9668142","wikidata":{"qid":"Q55636959","url":"http://www.wikidata.org/entity/Q55636959"},"_priv":{"estimate":{"delta":91.47790354199837,"est":83.47699501783036,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · iconic Feadship, Royal Van Lent, near-new","tone":"premium"},"cashflow":{"acquisition":159.84,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":14.39,"charterIncome":0,"netAnnual":-14.39,"cumulative":-14.39,"residual":154.25},{"year":2027,"yearIdx":1,"opCost":13.88,"charterIncome":0,"netAnnual":-13.88,"cumulative":-28.27,"residual":148.85},{"year":2028,"yearIdx":2,"opCost":13.4,"charterIncome":0,"netAnnual":-13.4,"cumulative":-41.67,"residual":143.64},{"year":2029,"yearIdx":3,"opCost":12.93,"charterIncome":0,"netAnnual":-12.93,"cumulative":-54.6,"residual":138.61},{"year":2030,"yearIdx":4,"opCost":12.47,"charterIncome":0,"netAnnual":-12.47,"cumulative":-67.07,"residual":133.76}],"totalOp":67.07,"totalCharter":0,"net5yr":-67.07,"residualY5":133.76,"netHoldCost":93.15,"netHoldCostPctOfAcq":58.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 58% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":159.84,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 60% LTV","cashAtClose":63.94,"debt":95.9,"rateBps":575,"annualDebtCost":5.51,"thesis":"60% LTV at ~5.75% from a maritime specialist lender. Carrying cost ~$5.5M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":55.94,"debt":103.9,"rateBps":575,"annualDebtCost":5.97,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":102.3,"target":108.69,"ceiling":115.08,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Feadship, Royal Van Lent — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 91% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Feadship, Royal Van Lent, delivered in 2021 at 72m carries the full tier-A pedigree and remains in its first-decade window. Lying in Usa.","v":3}},{"id":"burgess-00005785","name":"BATON ROUGE","builder":"Icon Yachts","year":2010,"len":62.5,"price":64.75,"city":"West Mediterranean","country":"","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/baton-rouge-00005785","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/1219314/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224880/x_51_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224906/x_51_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224872/x_52_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225313/x_51_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225312/x_51_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225317/x_51_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225318/x_52_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225264/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225340/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225345/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225367/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225350/x_66_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225372/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1254182/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1225655/x_100_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224794/x_52_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224404/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224422/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224247/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224306/x_52_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224245/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224288/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1224324/x_51_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:02.705Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/1219314/y_-1_full.jpg?width=1125&format=webp&quality=60","imo":"1010935","mmsi":"235077185","wikidata":{"qid":"Q55071834","url":"http://www.wikidata.org/entity/Q55071834"},"_priv":{"estimate":{"delta":111.7213854841409,"est":30.58264513617125,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":64.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":5.83,"charterIncome":0,"netAnnual":-5.83,"cumulative":-5.83,"residual":61.84},{"year":2027,"yearIdx":1,"opCost":5.57,"charterIncome":0,"netAnnual":-5.57,"cumulative":-11.4,"residual":59.06},{"year":2028,"yearIdx":2,"opCost":5.32,"charterIncome":0,"netAnnual":-5.32,"cumulative":-16.72,"residual":56.4},{"year":2029,"yearIdx":3,"opCost":5.08,"charterIncome":0,"netAnnual":-5.08,"cumulative":-21.8,"residual":53.86},{"year":2030,"yearIdx":4,"opCost":4.85,"charterIncome":0,"netAnnual":-4.85,"cumulative":-26.65,"residual":51.44}],"totalOp":26.65,"totalCharter":0,"net5yr":-26.65,"residualY5":51.44,"netHoldCost":39.96,"netHoldCostPctOfAcq":61.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 62% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":64.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":35.61,"debt":29.14,"rateBps":650,"annualDebtCost":1.89,"thesis":"45% LTV at ~6.50% from a maritime specialist lender. Carrying cost ~$1.9M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":22.66,"debt":42.09,"rateBps":650,"annualDebtCost":2.74,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":41.44,"target":44.03,"ceiling":46.62,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"16-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 112% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Icon Yachts, delivered in 2010 at 63m represents the classic-platform era with a documented owner timeline. Lying in West Mediterranean.","v":3}},{"id":"burgess-00000378","name":"SCOTT FREE","builder":"Abeking & Rasmussen","year":2009,"len":60,"price":42.66,"city":"USA","country":"Germany","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/scott-free-00000378","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/2152444/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152447/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152446/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5442564/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5442188/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152493/x_51_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152515/x_51_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152518/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5442193/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152521/x_50_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152520/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5442195/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152528/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152544/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152543/x_50_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5442201/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5442200/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152546/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152547/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152555/x_50_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5442202/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5442204/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5442196/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2152582/x_51_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:04.228Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/2152444/y_-1_full.jpg?width=1125&format=webp&quality=60","_priv":{"estimate":{"delta":28.942078572171788,"est":33.08462254710919,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":42.66,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3.84,"charterIncome":0,"netAnnual":-3.84,"cumulative":-3.84,"residual":41.59},{"year":2027,"yearIdx":1,"opCost":3.74,"charterIncome":0,"netAnnual":-3.74,"cumulative":-7.58,"residual":40.55},{"year":2028,"yearIdx":2,"opCost":3.65,"charterIncome":0,"netAnnual":-3.65,"cumulative":-11.23,"residual":39.54},{"year":2029,"yearIdx":3,"opCost":3.56,"charterIncome":0,"netAnnual":-3.56,"cumulative":-14.79,"residual":38.55},{"year":2030,"yearIdx":4,"opCost":3.47,"charterIncome":0,"netAnnual":-3.47,"cumulative":-18.26,"residual":37.59}],"totalOp":18.26,"totalCharter":0,"net5yr":-18.26,"residualY5":37.59,"netHoldCost":23.33,"netHoldCostPctOfAcq":54.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 55% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":42.66,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":23.46,"debt":19.2,"rateBps":700,"annualDebtCost":1.34,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$1.3M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":14.93,"debt":27.73,"rateBps":700,"annualDebtCost":1.94,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":28.17,"target":29.87,"ceiling":31.58,"baselineDiscountPct":30,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Abeking & Rasmussen — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 29% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Abeking & Rasmussen, delivered in 2009 at 60m carries the full tier-A pedigree under proven systems. Lying in Usa, Germany.","v":3}},{"id":"burgess-00004566","name":"CARPE DIEM","builder":"Trinity Yachts","year":2011,"len":58.2,"price":35.1,"city":"West Mediterranean","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/carpe-diem-00004566","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5292284/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292236/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292268/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5291941/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292155/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292154/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5291809/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292153/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292152/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292093/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292098/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292095/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292103/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292094/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292102/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292100/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292194/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292193/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292188/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292192/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292183/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292187/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292179/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5292172/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:07.186Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5292284/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":25.75624,"lon":-80.14118,"ts":"2026-05-16T16:36:06.985Z","sog":null},"coordPrecision":"last-ais","lat":25.75624,"lon":-80.14118,"imo":"9590383","mmsi":"319025100","callsign":"ZGBD4","beam":9.75,"draught":2.7,"homePort":"GEORGE TOWN","datalasticUuid":"c30e4c57-2835-2f83-d3ca-559cc5e29a59","_priv":{"estimate":{"delta":27.375287420066552,"est":27.556365689872734,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":35.1,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3.51,"charterIncome":0,"netAnnual":-3.51,"cumulative":-3.51,"residual":33.52},{"year":2027,"yearIdx":1,"opCost":3.35,"charterIncome":0,"netAnnual":-3.35,"cumulative":-6.86,"residual":32.01},{"year":2028,"yearIdx":2,"opCost":3.2,"charterIncome":0,"netAnnual":-3.2,"cumulative":-10.06,"residual":30.57},{"year":2029,"yearIdx":3,"opCost":3.06,"charterIncome":0,"netAnnual":-3.06,"cumulative":-13.12,"residual":29.19},{"year":2030,"yearIdx":4,"opCost":2.92,"charterIncome":0,"netAnnual":-2.92,"cumulative":-16.04,"residual":27.88}],"totalOp":16.04,"totalCharter":0,"net5yr":-16.04,"residualY5":27.88,"netHoldCost":23.26,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":35.1,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":19.3,"debt":15.8,"rateBps":700,"annualDebtCost":1.11,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$1.1M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":12.29,"debt":22.81,"rateBps":700,"annualDebtCost":1.6,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":22.46,"target":23.87,"ceiling":25.27,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Trinity Yachts is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 27% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Trinity Yachts, delivered in 2011 at 58m represents the classic-platform era with a documented owner timeline. Lying in West Mediterranean, Cayman Islands.","v":3}},{"id":"burgess-00004791","name":"ODYSSEY","builder":"CRN Ancona","year":2013,"len":58.2,"price":31.86,"city":"West Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/odyssey-00004791","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5660195/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621141/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621140/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621139/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5660196/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621135/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621133/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621134/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621143/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621144/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621145/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621146/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621147/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621148/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621142/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621149/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621150/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621151/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621152/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621153/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621154/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621155/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621156/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5621157/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:09.231Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5660195/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":43.73663,"lon":7.42405,"ts":"2026-05-16T18:01:11.600Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":43.73663,"lon":7.42405,"imo":"9499785","mmsi":"538070921","callsign":"V7AV9","beam":10.8,"homePort":"BIKINI","datalasticUuid":"e4ea3f8b-abea-7174-7808-ededfdc55b11","_priv":{"estimate":{"delta":3.626156730910768,"est":30.7451332801349,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":null,"cashflow":{"acquisition":31.86,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3.19,"charterIncome":0,"netAnnual":-3.19,"cumulative":-3.19,"residual":30.43},{"year":2027,"yearIdx":1,"opCost":3.04,"charterIncome":0,"netAnnual":-3.04,"cumulative":-6.23,"residual":29.06},{"year":2028,"yearIdx":2,"opCost":2.91,"charterIncome":0,"netAnnual":-2.91,"cumulative":-9.14,"residual":27.75},{"year":2029,"yearIdx":3,"opCost":2.78,"charterIncome":0,"netAnnual":-2.78,"cumulative":-11.92,"residual":26.5},{"year":2030,"yearIdx":4,"opCost":2.65,"charterIncome":0,"netAnnual":-2.65,"cumulative":-14.57,"residual":25.31}],"totalOp":14.57,"totalCharter":0,"net5yr":-14.57,"residualY5":25.31,"netHoldCost":21.12,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":31.86,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":17.52,"debt":14.34,"rateBps":625,"annualDebtCost":0.9,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$900K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":11.15,"debt":20.71,"rateBps":625,"annualDebtCost":1.29,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":23.58,"target":24.85,"ceiling":26.13,"baselineDiscountPct":22,"strategy":"Segment-typical pricing. Standard 22%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This heritage Crn Ancona, delivered in 2013 at 58m represents the classic-platform era with a documented owner timeline. Lying in West Mediterranean, Italy.","v":3}},{"id":"burgess-00008262","name":"APSARA","builder":"Royal Huisman Shipyard","year":2018,"len":56.1,"price":56.16,"city":"USA","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/apsara-00008262","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5374576/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374854/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374958/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374967/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374976/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374893/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374891/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374911/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374946/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5375052/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374691/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374765/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374831/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374826/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374835/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374729/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374558/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374554/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374545/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5166460/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374570/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5374537/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5660195/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/media-library/media/burgess/yachts/tosun%2010000994/tosun_10000994_vb5466009_3200x2133.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202605071121"],"refreshedAt":"2026-05-16T18:01:10.684Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5374576/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":52.37793,"lon":4.89787,"ts":"2026-05-16T15:55:53.569Z","sog":null},"coordPrecision":"last-ais","lat":52.37793,"lon":4.89787,"imo":"9549437","mmsi":"319115700","callsign":"ZGGD6","beam":9.51,"datalasticUuid":"df9340ea-41a8-68c6-69af-de5f4738a988","_priv":{"estimate":{"delta":52.292544370108786,"est":36.876394857201426,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 52% over model","tone":"premium"},"cashflow":{"acquisition":56.16,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":5.62,"charterIncome":0,"netAnnual":-5.62,"cumulative":-5.62,"residual":54.19},{"year":2027,"yearIdx":1,"opCost":5.42,"charterIncome":0,"netAnnual":-5.42,"cumulative":-11.04,"residual":52.29},{"year":2028,"yearIdx":2,"opCost":5.23,"charterIncome":0,"netAnnual":-5.23,"cumulative":-16.27,"residual":50.46},{"year":2029,"yearIdx":3,"opCost":5.05,"charterIncome":0,"netAnnual":-5.05,"cumulative":-21.32,"residual":49.2},{"year":2030,"yearIdx":4,"opCost":4.92,"charterIncome":0,"netAnnual":-4.92,"cumulative":-26.24,"residual":47.97}],"totalOp":26.24,"totalCharter":0,"net5yr":-26.24,"residualY5":47.97,"netHoldCost":34.43,"netHoldCostPctOfAcq":61.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 61% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":56.16,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 60% LTV","cashAtClose":22.46,"debt":33.7,"rateBps":575,"annualDebtCost":1.94,"thesis":"60% LTV at ~5.75% from a maritime specialist lender. Carrying cost ~$1.9M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":19.66,"debt":36.5,"rateBps":575,"annualDebtCost":2.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":35.94,"target":38.19,"ceiling":40.44,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Royal Huisman Shipyard — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 52% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Royal Huisman Shipyard, delivered in 2018 at 56m carries the full tier-A pedigree under proven systems. Lying in Usa, Cayman Islands.","v":3}},{"id":"burgess-00006819","name":"OCEANA","builder":"Oceanfast","year":1991,"len":55,"price":10.53,"city":"Australasia","country":"Australia","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/oceana-00006819","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5470108/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470089/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470060/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470211/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1603171/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5469987/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470074/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470070/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1603166/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470069/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5469997/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1603163/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470008/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470101/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470092/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470094/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470004/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470001/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470014/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470136/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470124/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470099/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470128/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5470058/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:12.303Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5470108/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":52.50675,"lon":13.43338,"ts":"2026-05-16T17:55:53.342Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":52.50675,"lon":13.43338,"mmsi":"368054230","callsign":"WDK4343","datalasticUuid":"5a361de4-0f8f-6047-444b-71ebba314ffb","_priv":{"estimate":{"delta":-0.2815114619528312,"est":10.559726841409477,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":null,"cashflow":{"acquisition":10.53,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.05,"charterIncome":0,"netAnnual":-1.05,"cumulative":-1.05,"residual":10.06},{"year":2027,"yearIdx":1,"opCost":1.01,"charterIncome":0,"netAnnual":-1.01,"cumulative":-2.06,"residual":9.61},{"year":2028,"yearIdx":2,"opCost":0.96,"charterIncome":0,"netAnnual":-0.96,"cumulative":-3.02,"residual":9.18},{"year":2029,"yearIdx":3,"opCost":0.92,"charterIncome":0,"netAnnual":-0.92,"cumulative":-3.94,"residual":8.77},{"year":2030,"yearIdx":4,"opCost":0.88,"charterIncome":0,"netAnnual":-0.88,"cumulative":-4.82,"residual":8.38}],"totalOp":4.82,"totalCharter":0,"net5yr":-4.82,"residualY5":8.38,"netHoldCost":6.97,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.53,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":6.84,"debt":3.69,"rateBps":700,"annualDebtCost":0.26,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$260K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.69,"debt":6.84,"rateBps":700,"annualDebtCost":0.48,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":7.79,"target":8.21,"ceiling":8.63,"baselineDiscountPct":22,"strategy":"Segment-typical pricing. Standard 22%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (35y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Oceanfast, delivered in 1991 at 55m represents the classic-platform era with a documented owner timeline. Lying in Australasia, Australia.","v":3}},{"id":"burgess-10004412","name":"ROMEO 55","builder":"Romeo","year":2026,"len":54.4,"price":37.8,"city":"Middle East","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/romeo-55-10004412","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5440325/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5440323/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467551/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467557/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467567/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467563/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467550/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467560/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467554/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467553/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467559/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467565/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467558/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467552/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467556/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467562/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467566/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467549/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5467555/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5440324/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5440326/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5440329/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2387627/y_46_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/media-library/media/burgess/yachts/tosun%2010000994/tosun_10000994_vb5466009_3200x2133.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202605071121"],"refreshedAt":"2026-05-16T18:01:15.269Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5440325/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":25.260927,"lon":55.27108,"ts":"2026-05-02T13:31:00.000Z","sog":0},"coordPrecision":"last-ais","isDocked":true,"lat":25.260927,"lon":55.27108,"imo":"9865544","mmsi":"319346300","callsign":"ZGVR3","beam":10,"datalasticUuid":"6b641315-314b-a8c3-3c2e-6340ba67508e","_priv":{"estimate":{"delta":10.889208443495804,"est":34.088078119216796,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 11% over model","tone":"premium"},"cashflow":{"acquisition":37.8,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3.78,"charterIncome":0,"netAnnual":-3.78,"cumulative":-3.78,"residual":34.4},{"year":2027,"yearIdx":1,"opCost":3.44,"charterIncome":0,"netAnnual":-3.44,"cumulative":-7.22,"residual":31.3},{"year":2028,"yearIdx":2,"opCost":3.13,"charterIncome":0,"netAnnual":-3.13,"cumulative":-10.35,"residual":28.48},{"year":2029,"yearIdx":3,"opCost":2.85,"charterIncome":0,"netAnnual":-2.85,"cumulative":-13.2,"residual":26.77},{"year":2030,"yearIdx":4,"opCost":2.68,"charterIncome":0,"netAnnual":-2.68,"cumulative":-15.88,"residual":25.16}],"totalOp":15.88,"totalCharter":0,"net5yr":-15.88,"residualY5":25.16,"netHoldCost":28.52,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":37.8,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":17.01,"debt":20.79,"rateBps":625,"annualDebtCost":1.3,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.3M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":13.23,"debt":24.57,"rateBps":625,"annualDebtCost":1.54,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":32,"target":33.51,"ceiling":35.02,"baselineDiscountPct":11.4,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 11% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Romeo, delivered in 2026 at 54m is barely campaigned and reflects current build standards. Lying in Middle East, Cayman Islands.","v":3}},{"id":"nita-k-ii-171-amels","name":"NITA K II","builder":"Amels","year":2004,"len":52.1,"price":22.95,"city":"USA","country":"Jamaica","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/nita-k-ii-171-amels","source":"denison","refreshedAt":"2026-05-13T02:01:16.670Z","photoUrl":"https://images.boatsgroup.com/resize/1/9/48/6380948_20240306130842414_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://www.burgessyachts.com/web/vb/crop/5275389/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275388/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275387/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275392/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275393/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275394/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275395/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275396/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275397/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275398/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275399/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275400/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275401/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275402/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275403/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275404/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275405/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275406/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275407/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275408/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275413/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275409/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275410/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5275411/y_-1_full.jpg?width=1200&format=webp&quality=60"],"brokerFirm":"Denison Yacht Sales","imo":"1007940","mmsi":"339435000","callsign":"6YSL2","beam":9.42,"draught":3.2,"datalasticUuid":"98aa0c85-9c22-7b75-cbcc-a2f71494f573","_priv":{"estimate":{"delta":29.50377339093792,"est":17.721491350464337,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":22.95,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.29,"charterIncome":0,"netAnnual":-2.29,"cumulative":-2.29,"residual":22.38},{"year":2027,"yearIdx":1,"opCost":2.24,"charterIncome":0,"netAnnual":-2.24,"cumulative":-4.53,"residual":21.82},{"year":2028,"yearIdx":2,"opCost":2.18,"charterIncome":0,"netAnnual":-2.18,"cumulative":-6.71,"residual":21.27},{"year":2029,"yearIdx":3,"opCost":2.13,"charterIncome":0,"netAnnual":-2.13,"cumulative":-8.84,"residual":20.74},{"year":2030,"yearIdx":4,"opCost":2.07,"charterIncome":0,"netAnnual":-2.07,"cumulative":-10.91,"residual":20.22}],"totalOp":10.91,"totalCharter":0,"net5yr":-10.91,"residualY5":20.22,"netHoldCost":13.64,"netHoldCostPctOfAcq":59.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 59% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":22.95,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":14.92,"debt":8.03,"rateBps":700,"annualDebtCost":0.56,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$560K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":8.03,"debt":14.92,"rateBps":700,"annualDebtCost":1.04,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":15.09,"target":16.01,"ceiling":16.93,"baselineDiscountPct":30.3,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Amels — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (22y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 30% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Amels, delivered in 2004 at 52m carries the full tier-A pedigree under proven systems. Lying in Usa, Jamaica. Presented by Denison Yacht Sales.","v":3}},{"id":"burgess-00004421","name":"ROCKET","builder":"Heesen","year":2011,"len":49.8,"price":25.92,"city":"West Mediterranean","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/rocket-00004421","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5332793/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332773/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332800/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332799/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332788/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332790/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332816/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332802/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332815/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332814/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332787/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332801/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332791/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332803/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332786/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332817/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332796/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332798/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332797/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5334658/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5334657/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332804/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332784/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5332770/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:20.581Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5332793/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":43.72538,"lon":7.41421,"ts":"2026-05-16T17:36:01.555Z","sog":null},"coordPrecision":"live-ais","lat":43.72538,"lon":7.41421,"imo":"9630236","mmsi":"319152100","callsign":"ZGID5","beam":9,"draught":2.6,"datalasticUuid":"0bd6367c-e4d6-1ef8-1fa7-13881f39c5a3","_priv":{"estimate":{"delta":31.16111669182619,"est":19.76195434573889,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":25.92,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.59,"charterIncome":0,"netAnnual":-2.59,"cumulative":-2.59,"residual":25.27},{"year":2027,"yearIdx":1,"opCost":2.53,"charterIncome":0,"netAnnual":-2.53,"cumulative":-5.12,"residual":24.64},{"year":2028,"yearIdx":2,"opCost":2.46,"charterIncome":0,"netAnnual":-2.46,"cumulative":-7.58,"residual":24.02},{"year":2029,"yearIdx":3,"opCost":2.4,"charterIncome":0,"netAnnual":-2.4,"cumulative":-9.98,"residual":23.42},{"year":2030,"yearIdx":4,"opCost":2.34,"charterIncome":0,"netAnnual":-2.34,"cumulative":-12.32,"residual":22.83}],"totalOp":12.32,"totalCharter":0,"net5yr":-12.32,"residualY5":22.83,"netHoldCost":15.41,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":25.92,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":14.26,"debt":11.66,"rateBps":700,"annualDebtCost":0.82,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$820K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":9.07,"debt":16.85,"rateBps":700,"annualDebtCost":1.18,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":16.83,"target":17.86,"ceiling":18.9,"baselineDiscountPct":31.1,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Heesen — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 31% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Heesen, delivered in 2011 at 50m carries the full tier-A pedigree under proven systems. Lying in West Mediterranean, Cayman Islands.","v":3}},{"id":"burgess-00004632","name":"ANTALIS","builder":"Baglietto","year":2007,"len":49.7,"price":13.5,"city":"West Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/antalis-00004632","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5542765/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543771/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543693/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543663/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543654/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543764/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543724/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543564/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543572/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543679/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543606/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543596/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543588/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543629/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543638/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543608/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5542775/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5542762/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5542778/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5542779/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543601/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5543598/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5533733/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5542783/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:22.047Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5542765/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":43.54545,"lon":10.29444,"ts":"2026-05-16T17:50:54.642Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":43.54545,"lon":10.29444,"imo":"1009235","mmsi":"229984000","callsign":"9HA3773","beam":10.1,"draught":3,"datalasticUuid":"b918ff9d-0eab-3421-0644-619099dbfed8","_priv":{"estimate":{"delta":-23.167922562600655,"est":17.57078612250128,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 23% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":13.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.35,"charterIncome":0,"netAnnual":-1.35,"cumulative":-1.35,"residual":13.16},{"year":2027,"yearIdx":1,"opCost":1.32,"charterIncome":0,"netAnnual":-1.32,"cumulative":-2.67,"residual":12.83},{"year":2028,"yearIdx":2,"opCost":1.28,"charterIncome":0,"netAnnual":-1.28,"cumulative":-3.95,"residual":12.51},{"year":2029,"yearIdx":3,"opCost":1.25,"charterIncome":0,"netAnnual":-1.25,"cumulative":-5.2,"residual":12.2},{"year":2030,"yearIdx":4,"opCost":1.22,"charterIncome":0,"netAnnual":-1.22,"cumulative":-6.42,"residual":11.89}],"totalOp":6.42,"totalCharter":0,"net5yr":-6.42,"residualY5":11.89,"netHoldCost":8.03,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":13.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":8.78,"debt":4.72,"rateBps":700,"annualDebtCost":0.33,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$330K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.72,"debt":8.78,"rateBps":700,"annualDebtCost":0.61,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":11.62,"target":12.16,"ceiling":12.7,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Baglietto — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 23% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Baglietto, delivered in 2007 at 50m carries the full tier-A pedigree under proven systems. Lying in West Mediterranean, Italy.","v":3}},{"id":"burgess-00005885","name":"AZUL V","builder":"CRN Ancona","year":1996,"len":48.2,"price":7.45,"city":"Asia","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/azul-v-00005885","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5671832/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671833/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671834/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671839/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671845/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671829/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671843/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671855/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671846/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671856/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671849/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671848/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671852/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671853/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671851/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671854/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671818/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671817/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671813/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671809/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671858/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671861/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671862/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1585355/y_-1_full.jpg?width=645&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:23.477Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5671832/y_-1_full.jpg?width=1125&format=webp&quality=60","_priv":{"estimate":{"delta":-33.33983941903387,"est":11.1760906890573,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 33% under model","tone":"strong-buy"},"cashflow":{"acquisition":7.45,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-0.75,"residual":7.11},{"year":2027,"yearIdx":1,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-1.46,"residual":6.79},{"year":2028,"yearIdx":2,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-2.14,"residual":6.48},{"year":2029,"yearIdx":3,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-2.79,"residual":6.19},{"year":2030,"yearIdx":4,"opCost":0.62,"charterIncome":0,"netAnnual":-0.62,"cumulative":-3.41,"residual":5.91}],"totalOp":3.41,"totalCharter":0,"net5yr":-3.41,"residualY5":5.91,"netHoldCost":4.95,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.45,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.84,"debt":2.61,"rateBps":700,"annualDebtCost":0.18,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$180K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.61,"debt":4.84,"rateBps":700,"annualDebtCost":0.34,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":6.25,"target":6.55,"ceiling":6.85,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (30y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 33% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Crn Ancona, delivered in 1996 at 48m represents the classic-platform era with a documented owner timeline. Lying in Asia, Italy.","v":3}},{"id":"burgess-00008876","name":"STARBURST III","builder":"Bilgin Yachts","year":2017,"len":47.4,"price":20.25,"city":"West Mediterranean","country":"Turkey","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/starburst-iii-00008876","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5422867/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423026/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423025/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423023/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423035/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423033/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423043/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423048/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423050/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423054/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423065/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423016/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423005/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423014/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5422979/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5422978/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5422976/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5422992/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5422984/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423000/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5422999/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5423004/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5422970/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5422967/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:25.693Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5422867/y_-1_full.jpg?width=1125&format=webp&quality=60","imo":"9832224","mmsi":"215200000","callsign":"9HA5010","beam":9,"draught":2.8,"homePort":"VALLETTA","datalasticUuid":"bc13452e-dad2-e8f5-e212-429c46f4836d","_priv":{"estimate":{"delta":9.287381733992174,"est":18.529129052875412,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 9% over model","tone":"premium"},"cashflow":{"acquisition":20.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.02,"charterIncome":0,"netAnnual":-2.02,"cumulative":-2.02,"residual":19.04},{"year":2027,"yearIdx":1,"opCost":1.9,"charterIncome":0,"netAnnual":-1.9,"cumulative":-3.92,"residual":17.9},{"year":2028,"yearIdx":2,"opCost":1.79,"charterIncome":0,"netAnnual":-1.79,"cumulative":-5.71,"residual":17.09},{"year":2029,"yearIdx":3,"opCost":1.71,"charterIncome":0,"netAnnual":-1.71,"cumulative":-7.42,"residual":16.32},{"year":2030,"yearIdx":4,"opCost":1.63,"charterIncome":0,"netAnnual":-1.63,"cumulative":-9.05,"residual":15.59}],"totalOp":9.05,"totalCharter":0,"net5yr":-9.05,"residualY5":15.59,"netHoldCost":13.71,"netHoldCostPctOfAcq":67.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 68% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":20.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":9.11,"debt":11.14,"rateBps":625,"annualDebtCost":0.7,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$700K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":7.09,"debt":13.16,"rateBps":625,"annualDebtCost":0.82,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":16.26,"target":17.07,"ceiling":17.88,"baselineDiscountPct":15.7,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This established Bilgin Yachts, delivered in 2017 at 47m has settled into its proven-hull period with full systems history. Lying in West Mediterranean, Turkey.","v":3}},{"id":"burgess-10000080","name":"OCEAN DREAMWALKER III","builder":"Sanlorenzo","year":2018,"len":47,"price":24.62,"city":"West Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/ocean-dreamwalker-iii-10000080","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5684036/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5684043/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5684035/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683971/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683248/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683254/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683267/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683277/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683283/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683284/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683282/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683306/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683281/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683292/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683316/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5684010/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683326/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683327/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683330/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683472/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683475/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683487/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683383/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5683393/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:27.295Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5684036/y_-1_full.jpg?width=1125&format=webp&quality=60","imo":"9840087","mmsi":"518999866","callsign":"E5U5846","beam":10,"homePort":"WASHINGTON DC","datalasticUuid":"e6d52ce0-9b26-0dd3-eca8-629f7dd689d3","_priv":{"estimate":{"delta":14.996503801263906,"est":21.409346533306874,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · tier-A Sanlorenzo","tone":"premium"},"cashflow":{"acquisition":24.62,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.46,"charterIncome":0,"netAnnual":-2.46,"cumulative":-2.46,"residual":23.76},{"year":2027,"yearIdx":1,"opCost":2.38,"charterIncome":0,"netAnnual":-2.38,"cumulative":-4.84,"residual":22.93},{"year":2028,"yearIdx":2,"opCost":2.29,"charterIncome":0,"netAnnual":-2.29,"cumulative":-7.13,"residual":22.13},{"year":2029,"yearIdx":3,"opCost":2.21,"charterIncome":0,"netAnnual":-2.21,"cumulative":-9.34,"residual":21.58},{"year":2030,"yearIdx":4,"opCost":2.16,"charterIncome":0,"netAnnual":-2.16,"cumulative":-11.5,"residual":21.04}],"totalOp":11.5,"totalCharter":0,"net5yr":-11.5,"residualY5":21.04,"netHoldCost":15.08,"netHoldCostPctOfAcq":61.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 61% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":24.62,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":11.08,"debt":13.54,"rateBps":625,"annualDebtCost":0.85,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$850K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":8.62,"debt":16,"rateBps":625,"annualDebtCost":1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":19.7,"target":20.68,"ceiling":21.67,"baselineDiscountPct":16,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Sanlorenzo — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 15% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Sanlorenzo, delivered in 2018 at 47m carries the full tier-A pedigree under proven systems. Lying in West Mediterranean, Italy.","v":3}},{"id":"burgess-00000188","name":"MY SECRET","builder":"Heesen","year":2012,"len":46.7,"price":21.49,"city":"East Mediterranean","country":"Malta","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/my-secret-00000188","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/2313706/x_70_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313778/y_0_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313779/y_0_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313750/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313752/x_100_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313749/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313771/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313772/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313773/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313776/x_100_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313775/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313743/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313744/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313745/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313747/x_100_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313740/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313739/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313767/y_43_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313770/y_43_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313782/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313817/y_49_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313712/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313764/x_100_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313766/y_43_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:28.712Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/2313706/x_70_full.jpg?width=1125&format=webp&quality=60","imo":"1011915","mmsi":"229686000","callsign":"9HA5561","beam":8.55,"draught":2.6,"homePort":"DOUGLAS (ISLE OF MAN)","datalasticUuid":"aa5c0442-14e4-508a-e71e-469048c5a513","_priv":{"estimate":{"delta":21.64238345121013,"est":17.666539729237943,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":21.49,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.15,"charterIncome":0,"netAnnual":-2.15,"cumulative":-2.15,"residual":20.95},{"year":2027,"yearIdx":1,"opCost":2.1,"charterIncome":0,"netAnnual":-2.1,"cumulative":-4.25,"residual":20.43},{"year":2028,"yearIdx":2,"opCost":2.04,"charterIncome":0,"netAnnual":-2.04,"cumulative":-6.29,"residual":19.92},{"year":2029,"yearIdx":3,"opCost":1.99,"charterIncome":0,"netAnnual":-1.99,"cumulative":-8.28,"residual":19.42},{"year":2030,"yearIdx":4,"opCost":1.94,"charterIncome":0,"netAnnual":-1.94,"cumulative":-10.22,"residual":18.93}],"totalOp":10.22,"totalCharter":0,"net5yr":-10.22,"residualY5":18.93,"netHoldCost":12.78,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":21.49,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":11.82,"debt":9.67,"rateBps":625,"annualDebtCost":0.6,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$600K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":7.52,"debt":13.97,"rateBps":625,"annualDebtCost":0.87,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":14.97,"target":15.83,"ceiling":16.69,"baselineDiscountPct":26.3,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Heesen — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 22% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Heesen, delivered in 2012 at 47m carries the full tier-A pedigree under proven systems. Lying in East Mediterranean, Malta.","v":3}},{"id":"burgess-00008278","name":"ARTISA","builder":"Heesen","year":2017,"len":46.7,"price":27,"city":"Asia","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/artisa-00008278","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5422471/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5422470/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1500477/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300477/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300478/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300479/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300488/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300481/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1500480/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300495/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300496/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1500478/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300492/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300493/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300489/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300498/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300500/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300499/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300487/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1500476/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300507/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300506/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5300513/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1256329/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T18:01:30.253Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5422471/y_-1_full.jpg?width=1125&format=webp&quality=60","imo":"1013145","mmsi":"319116200","callsign":"ZGGI2","beam":8,"datalasticUuid":"4d19ebe4-b257-ee8a-fe0e-31c701638f9c","_priv":{"estimate":{"delta":29.893989674797535,"est":20.786181152489945,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 30% over model","tone":"premium"},"cashflow":{"acquisition":27,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.7,"charterIncome":0,"netAnnual":-2.7,"cumulative":-2.7,"residual":26.05},{"year":2027,"yearIdx":1,"opCost":2.61,"charterIncome":0,"netAnnual":-2.61,"cumulative":-5.31,"residual":25.14},{"year":2028,"yearIdx":2,"opCost":2.51,"charterIncome":0,"netAnnual":-2.51,"cumulative":-7.82,"residual":24.51},{"year":2029,"yearIdx":3,"opCost":2.45,"charterIncome":0,"netAnnual":-2.45,"cumulative":-10.27,"residual":23.9},{"year":2030,"yearIdx":4,"opCost":2.39,"charterIncome":0,"netAnnual":-2.39,"cumulative":-12.66,"residual":23.3}],"totalOp":12.66,"totalCharter":0,"net5yr":-12.66,"residualY5":23.3,"netHoldCost":16.36,"netHoldCostPctOfAcq":60.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 61% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":27,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":12.15,"debt":14.85,"rateBps":625,"annualDebtCost":0.93,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$930K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":9.45,"debt":17.55,"rateBps":625,"annualDebtCost":1.1,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":19.32,"target":20.4,"ceiling":21.48,"baselineDiscountPct":24.4,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Heesen — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 30% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Heesen, delivered in 2017 at 47m carries the full tier-A pedigree under proven systems. Lying in Asia, Cayman Islands.","v":3}},{"id":"burgess-00006198","name":"CONSTANCE","builder":"Feadship, De Vries","year":1986,"len":46.4,"price":14.58,"city":"Caribbean","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/constance-00006198","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5641832/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641881/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641880/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641875/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641876/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641907/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641878/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641877/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641904/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641886/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641892/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641894/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641889/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641882/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641853/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641848/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641872/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641873/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641842/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641859/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641854/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5642566/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641898/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5572645/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:05:51.549Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5641832/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":26.06158,"lon":-80.13469,"ts":"2026-05-16T17:26:04.598Z","sog":0.1},"coordPrecision":"live-ais","isDocked":true,"lat":26.06158,"lon":-80.13469,"imo":"1003176","mmsi":"319554000","callsign":"ZCMA3","beam":8.6,"draught":3.2,"homePort":"THE CREEK","datalasticUuid":"42b7de0e-8069-f448-d494-29206afd4838","_priv":{"estimate":{"delta":46.67876874917082,"est":9.940088892437217,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":14.58,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.46,"charterIncome":0,"netAnnual":-1.46,"cumulative":-1.46,"residual":14.22},{"year":2027,"yearIdx":1,"opCost":1.42,"charterIncome":0,"netAnnual":-1.42,"cumulative":-2.88,"residual":13.86},{"year":2028,"yearIdx":2,"opCost":1.39,"charterIncome":0,"netAnnual":-1.39,"cumulative":-4.27,"residual":13.51},{"year":2029,"yearIdx":3,"opCost":1.35,"charterIncome":0,"netAnnual":-1.35,"cumulative":-5.62,"residual":13.17},{"year":2030,"yearIdx":4,"opCost":1.32,"charterIncome":0,"netAnnual":-1.32,"cumulative":-6.94,"residual":12.84}],"totalOp":6.94,"totalCharter":0,"net5yr":-6.94,"residualY5":12.84,"netHoldCost":8.68,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":14.58,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":9.48,"debt":5.1,"rateBps":700,"annualDebtCost":0.36,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$360K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.1,"debt":9.48,"rateBps":700,"annualDebtCost":0.66,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":9.33,"target":9.91,"ceiling":10.5,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Feadship, De Vries — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (40y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 47% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Feadship, De Vries, delivered in 1986 at 46m carries the full tier-A pedigree under proven systems. Lying in Caribbean, Cayman Islands.","v":3}},{"id":"burgess-00000950","name":"MISTRESS","builder":"Benetti","year":1991,"len":46,"price":9.18,"city":"Australasia","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/mistress-00000950","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5475084/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466160/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466161/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466159/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475033/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475042/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466153/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1230212/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466148/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466145/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466179/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466174/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475051/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475039/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475048/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475082/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475083/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466181/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475085/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475081/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5671832/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5641832/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/media-library/media/burgess/yachts/tosun%2010000994/tosun_10000994_vb5466009_3200x2133.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202605071121","https://www.burgessyachts.com/media-library/media/burgess/yachts/ebyshine%2010003396/ebyshine_10003396_vb5660336.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202603190946"],"refreshedAt":"2026-05-16T17:05:53.053Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5475084/y_-1_full.jpg?width=1125&format=webp&quality=60","imo":"8847349","mmsi":"229401000","callsign":"9HA3303","beam":10,"homePort":"VALLETTA","datalasticUuid":"9293b445-1c0a-c14b-e19e-e9617d3b77dc","_priv":{"estimate":{"delta":10.231701189468282,"est":8.327912842623418,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · tier-A Benetti","tone":"premium"},"cashflow":{"acquisition":9.18,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.92,"charterIncome":0,"netAnnual":-0.92,"cumulative":-0.92,"residual":8.95},{"year":2027,"yearIdx":1,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-1.82,"residual":8.73},{"year":2028,"yearIdx":2,"opCost":0.87,"charterIncome":0,"netAnnual":-0.87,"cumulative":-2.69,"residual":8.51},{"year":2029,"yearIdx":3,"opCost":0.85,"charterIncome":0,"netAnnual":-0.85,"cumulative":-3.54,"residual":8.3},{"year":2030,"yearIdx":4,"opCost":0.83,"charterIncome":0,"netAnnual":-0.83,"cumulative":-4.37,"residual":8.09}],"totalOp":4.37,"totalCharter":0,"net5yr":-4.37,"residualY5":8.09,"netHoldCost":5.46,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":9.18,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":5.97,"debt":3.21,"rateBps":700,"annualDebtCost":0.22,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$220K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.21,"debt":5.97,"rateBps":700,"annualDebtCost":0.42,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":6.97,"target":7.34,"ceiling":7.7,"baselineDiscountPct":20.1,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (35y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 10% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Benetti, delivered in 1991 at 46m carries the full tier-A pedigree under proven systems. Lying in Australasia, Italy.","v":3}},{"id":"burgess-10003174","name":"SCINTILLA MARIS","builder":"Damen Maaskant","year":2023,"len":45.6,"price":17.28,"city":"Europe","country":"Marshall Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/scintilla-maris-10003174","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5120243/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120319/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120314/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120258/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120257/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120315/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120312/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120309/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120310/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120311/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120268/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120313/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120331/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120270/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120274/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120276/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120239/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120272/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120348/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120353/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120337/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120338/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120442/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5120332/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:05:54.565Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5120243/y_-1_full.jpg?width=1125&format=webp&quality=60","imo":"8807222","mmsi":"538071876","callsign":"V7A5988","beam":8,"datalasticUuid":"4c737c9d-5215-bd88-7437-616f37810e34","_priv":{"estimate":{"delta":-25.25997720551488,"est":23.120142801555378,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 25% under model","tone":"strong-buy"},"cashflow":{"acquisition":17.28,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.73,"charterIncome":0,"netAnnual":-1.73,"cumulative":-1.73,"residual":16.24},{"year":2027,"yearIdx":1,"opCost":1.62,"charterIncome":0,"netAnnual":-1.62,"cumulative":-3.35,"residual":15.27},{"year":2028,"yearIdx":2,"opCost":1.53,"charterIncome":0,"netAnnual":-1.53,"cumulative":-4.88,"residual":14.35},{"year":2029,"yearIdx":3,"opCost":1.44,"charterIncome":0,"netAnnual":-1.44,"cumulative":-6.32,"residual":13.49},{"year":2030,"yearIdx":4,"opCost":1.35,"charterIncome":0,"netAnnual":-1.35,"cumulative":-7.67,"residual":12.68}],"totalOp":7.67,"totalCharter":0,"net5yr":-7.67,"residualY5":12.68,"netHoldCost":12.27,"netHoldCostPctOfAcq":71,"verdict":"Private use, no charter income modelled. Effective hold cost: 71% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":17.28,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":9.5,"debt":7.78,"rateBps":625,"annualDebtCost":0.49,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$490K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.05,"debt":11.23,"rateBps":625,"annualDebtCost":0.7,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":15.73,"target":16.42,"ceiling":16.93,"baselineDiscountPct":5,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 25% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This modern-era Damen Maaskant, delivered in 2023 at 46m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Europe, Marshall Islands.","v":3}},{"id":"burgess-00009793","name":"ANNABELLA","builder":"Sanlorenzo","year":2021,"len":44.5,"price":25.92,"city":"Asia","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/annabella-00009793","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5580797/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580796/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580801/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580792/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580811/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580810/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580809/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580794/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580800/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580917/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580799/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580785/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580788/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580808/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580790/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580789/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580807/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580804/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580805/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580802/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580803/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580815/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580784/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580786/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:05:57.974Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5580797/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":1.2453,"lon":103.84047,"ts":"2026-05-16T17:45:56.004Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":1.2453,"lon":103.84047,"_priv":{"estimate":{"delta":24.184620085803036,"est":20.872149854056858,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · iconic Sanlorenzo, near-new","tone":"premium"},"cashflow":{"acquisition":25.92,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.59,"charterIncome":0,"netAnnual":-2.59,"cumulative":-2.59,"residual":25.01},{"year":2027,"yearIdx":1,"opCost":2.5,"charterIncome":0,"netAnnual":-2.5,"cumulative":-5.09,"residual":24.13},{"year":2028,"yearIdx":2,"opCost":2.41,"charterIncome":0,"netAnnual":-2.41,"cumulative":-7.5,"residual":23.29},{"year":2029,"yearIdx":3,"opCost":2.33,"charterIncome":0,"netAnnual":-2.33,"cumulative":-9.83,"residual":22.47},{"year":2030,"yearIdx":4,"opCost":2.25,"charterIncome":0,"netAnnual":-2.25,"cumulative":-12.08,"residual":21.68}],"totalOp":12.08,"totalCharter":0,"net5yr":-12.08,"residualY5":21.68,"netHoldCost":16.32,"netHoldCostPctOfAcq":63,"verdict":"Private use, no charter income modelled. Effective hold cost: 63% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":25.92,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":11.66,"debt":14.26,"rateBps":625,"annualDebtCost":0.89,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$890K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":9.07,"debt":16.85,"rateBps":625,"annualDebtCost":1.05,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":20.58,"target":21.62,"ceiling":22.66,"baselineDiscountPct":16.6,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Sanlorenzo — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 24% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Sanlorenzo, delivered in 2021 at 45m carries the full tier-A pedigree and remains in its first-decade window. Lying in Asia, Italy.","v":3}},{"id":"burgess-10002026","name":"MAGIC","builder":"Vitters Shipyard","year":2025,"len":44.3,"price":48.6,"city":"West Mediterranean","country":"United Kingdom","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/magic-10002026","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5548809/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548779/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548777/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548778/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425126/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425127/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425129/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425130/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425132/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548795/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548794/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548793/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548788/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548790/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548782/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548792/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548775/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548815/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548825/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548836/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548801/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425114/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548822/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5548829/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:05:59.398Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5548809/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":50.85912,"lon":-1.31174,"ts":"2026-05-16T16:21:03.009Z","sog":null},"coordPrecision":"last-ais","lat":50.85912,"lon":-1.31174,"mmsi":"232054675","datalasticUuid":"0993a25d-2a24-f729-89e4-8552d6617a12","_priv":{"estimate":{"delta":48.4478197087194,"est":32.738776558228814,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · iconic Vitters Shipyard, near-new","tone":"premium"},"cashflow":{"acquisition":48.6,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":4.86,"charterIncome":0,"netAnnual":-4.86,"cumulative":-4.86,"residual":45.68},{"year":2027,"yearIdx":1,"opCost":4.57,"charterIncome":0,"netAnnual":-4.57,"cumulative":-9.43,"residual":42.94},{"year":2028,"yearIdx":2,"opCost":4.29,"charterIncome":0,"netAnnual":-4.29,"cumulative":-13.72,"residual":41.44},{"year":2029,"yearIdx":3,"opCost":4.14,"charterIncome":0,"netAnnual":-4.14,"cumulative":-17.86,"residual":39.99},{"year":2030,"yearIdx":4,"opCost":4,"charterIncome":0,"netAnnual":-4,"cumulative":-21.86,"residual":38.59}],"totalOp":21.86,"totalCharter":0,"net5yr":-21.86,"residualY5":38.59,"netHoldCost":31.87,"netHoldCostPctOfAcq":65.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":48.6,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":21.87,"debt":26.73,"rateBps":625,"annualDebtCost":1.67,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.7M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":17.01,"debt":31.59,"rateBps":625,"annualDebtCost":1.97,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":32.7,"target":34.64,"ceiling":36.58,"baselineDiscountPct":28.7,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Vitters Shipyard — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 48% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Vitters Shipyard, delivered in 2025 at 44m carries the full tier-A pedigree and remains in its first-decade window. Lying in West Mediterranean, United Kingdom.","v":3}},{"id":"burgess-00006437","name":"HEMISPHERE","builder":"Pendennis Shipyard","year":2011,"len":44.2,"price":41.58,"city":"USA","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/hemisphere-00006437","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/676659/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676726/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676602/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/741587/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676072/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676628/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676065/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/741505/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/741520/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/741518/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/741522/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676377/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/741530/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/741528/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676550/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676622/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676673/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676383/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676631/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676734/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676727/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/676783/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313706/x_70_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1446660/y_-1_full.jpg?width=645&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:00.837Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/676659/y_-1_full.jpg?width=1125&format=webp&quality=60","imo":"9623960","mmsi":"319430000","callsign":"ZGBV7","beam":16.4,"homePort":"BLOODY BAY","datalasticUuid":"9fc6b58c-19d0-4d98-3d01-a3a4fac8e472","_priv":{"estimate":{"delta":177.57519743521996,"est":14.979724551832074,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":41.58,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":4.16,"charterIncome":0,"netAnnual":-4.16,"cumulative":-4.16,"residual":39.71},{"year":2027,"yearIdx":1,"opCost":3.97,"charterIncome":0,"netAnnual":-3.97,"cumulative":-8.13,"residual":37.92},{"year":2028,"yearIdx":2,"opCost":3.79,"charterIncome":0,"netAnnual":-3.79,"cumulative":-11.92,"residual":36.21},{"year":2029,"yearIdx":3,"opCost":3.62,"charterIncome":0,"netAnnual":-3.62,"cumulative":-15.54,"residual":34.58},{"year":2030,"yearIdx":4,"opCost":3.46,"charterIncome":0,"netAnnual":-3.46,"cumulative":-19,"residual":33.02}],"totalOp":19,"totalCharter":0,"net5yr":-19,"residualY5":33.02,"netHoldCost":27.56,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":41.58,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":22.87,"debt":18.71,"rateBps":700,"annualDebtCost":1.31,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$1.3M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":14.55,"debt":27.03,"rateBps":700,"annualDebtCost":1.89,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":26.61,"target":28.27,"ceiling":29.94,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"15-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 178% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Pendennis Shipyard, delivered in 2011 at 44m represents the classic-platform era with a documented owner timeline. Lying in Usa, Cayman Islands.","v":3}},{"id":"burgess-00006661","name":"SILVER DREAM","builder":"Warren Yachts","year":2001,"len":43.8,"price":6.75,"city":"West Mediterranean","country":"Australia","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/silver-dream-00006661","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/1486748/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470879/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470878/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470895/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470869/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470898/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470929/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470899/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470922/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470914/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470858/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470836/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470851/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470822/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470959/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470962/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1487042/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470783/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1486873/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1470800/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1486770/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1486781/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1486766/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1486732/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:03.819Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/1486748/y_-1_full.jpg?width=1125&format=webp&quality=60","_priv":{"estimate":{"delta":-22.92669817055941,"est":8.757896495646984,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 23% under model","tone":"strong-buy"},"cashflow":{"acquisition":6.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-0.68,"residual":6.45},{"year":2027,"yearIdx":1,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-1.33,"residual":6.16},{"year":2028,"yearIdx":2,"opCost":0.62,"charterIncome":0,"netAnnual":-0.62,"cumulative":-1.95,"residual":5.88},{"year":2029,"yearIdx":3,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-2.54,"residual":5.62},{"year":2030,"yearIdx":4,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-3.1,"residual":5.37}],"totalOp":3.1,"totalCharter":0,"net5yr":-3.1,"residualY5":5.37,"netHoldCost":4.48,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.39,"debt":2.36,"rateBps":700,"annualDebtCost":0.17,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.36,"debt":4.39,"rateBps":700,"annualDebtCost":0.31,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":5.66,"target":5.93,"ceiling":6.2,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (25y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 23% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Warren Yachts, delivered in 2001 at 44m represents the classic-platform era with a documented owner timeline. Lying in West Mediterranean, Australia.","v":3}},{"id":"burgess-10002459","name":"GIOIA","builder":"Codecasa","year":2024,"len":43,"price":36.18,"city":"","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/gioia-10002459","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5624951/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625084/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625085/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625105/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625100/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625118/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625123/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625130/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625128/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625139/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625136/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625132/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625140/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625162/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625167/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625142/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625147/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625153/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625157/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625174/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625176/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625181/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625180/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5625188/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:06.571Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5624951/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":50.10604,"lon":8.67583,"ts":"2026-05-16T17:45:57.073Z","sog":null},"coordPrecision":"live-ais","lat":50.10604,"lon":8.67583,"imo":"9976549","mmsi":"319189900","callsign":"ZGSB5","beam":9,"datalasticUuid":"f52ec30e-7ead-99c1-d6f6-f1f0030c8d20","_priv":{"estimate":{"delta":61.34557355287812,"est":22.42391855153228,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 61% over model","tone":"premium"},"cashflow":{"acquisition":36.18,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":3.62,"charterIncome":0,"netAnnual":-3.62,"cumulative":-3.62,"residual":32.92},{"year":2027,"yearIdx":1,"opCost":3.29,"charterIncome":0,"netAnnual":-3.29,"cumulative":-6.91,"residual":30.94},{"year":2028,"yearIdx":2,"opCost":3.09,"charterIncome":0,"netAnnual":-3.09,"cumulative":-10,"residual":29.08},{"year":2029,"yearIdx":3,"opCost":2.91,"charterIncome":0,"netAnnual":-2.91,"cumulative":-12.91,"residual":27.34},{"year":2030,"yearIdx":4,"opCost":2.73,"charterIncome":0,"netAnnual":-2.73,"cumulative":-15.64,"residual":25.7}],"totalOp":15.64,"totalCharter":0,"net5yr":-15.64,"residualY5":25.7,"netHoldCost":26.12,"netHoldCostPctOfAcq":72.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 72% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":36.18,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":16.28,"debt":19.9,"rateBps":625,"annualDebtCost":1.24,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$1.2M/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":12.66,"debt":23.52,"rateBps":625,"annualDebtCost":1.47,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":23.16,"target":24.6,"ceiling":26.05,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 61% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Codecasa, delivered in 2024 at 43m is barely campaigned and reflects current build standards. Lying in Italy.","v":3}},{"id":"burgess-00008287","name":"WILLOW","builder":"Benetti","year":2017,"len":42,"price":15.07,"city":"West Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/willow-00008287","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/893873/x_96_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/893788/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/893827/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/894013/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/894011/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/894007/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/893976/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/893970/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/893983/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/893803/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/894104/x_50_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/894032/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/894020/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/894045/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/894086/x_55_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/893816/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/893812/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/893956/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5684036/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2313706/x_70_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5422471/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5580797/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1446660/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466012/y_-1_full.jpg?width=645&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:08.048Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/893873/x_96_full.jpg?width=1125&format=webp&quality=60","imo":"9829887","mmsi":"248101000","callsign":"9HA4513","beam":8,"draught":2.5,"datalasticUuid":"9ca5e9d3-6c02-ef8e-ca7e-42c21dcc3121","_priv":{"estimate":{"delta":-4.669781401901799,"est":15.808208794247578,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":null,"cashflow":{"acquisition":15.07,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.51,"charterIncome":0,"netAnnual":-1.51,"cumulative":-1.51,"residual":14.54},{"year":2027,"yearIdx":1,"opCost":1.45,"charterIncome":0,"netAnnual":-1.45,"cumulative":-2.96,"residual":14.03},{"year":2028,"yearIdx":2,"opCost":1.4,"charterIncome":0,"netAnnual":-1.4,"cumulative":-4.36,"residual":13.68},{"year":2029,"yearIdx":3,"opCost":1.37,"charterIncome":0,"netAnnual":-1.37,"cumulative":-5.73,"residual":13.34},{"year":2030,"yearIdx":4,"opCost":1.33,"charterIncome":0,"netAnnual":-1.33,"cumulative":-7.06,"residual":13.01}],"totalOp":7.06,"totalCharter":0,"net5yr":-7.06,"residualY5":13.01,"netHoldCost":9.12,"netHoldCostPctOfAcq":60.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 61% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":15.07,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":8.29,"debt":6.78,"rateBps":625,"annualDebtCost":0.42,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$420K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":5.27,"debt":9.8,"rateBps":625,"annualDebtCost":0.61,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":13.11,"target":13.71,"ceiling":14.32,"baselineDiscountPct":9,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Tier-A hulls hold value; expect modest 3-6% movement on price but full flexibility on delivery, refit credits, and walkaround inclusions."}],"editorial":"This established Benetti, delivered in 2017 at 42m carries the full tier-A pedigree under proven systems. Lying in West Mediterranean, Italy.","v":3}},{"id":"burgess-10000994","name":"TOSUN","builder":"Benetti","year":2022,"len":40.8,"price":22.57,"city":"West Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/tosun-10000994","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5466012/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465941/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465934/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465938/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465946/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465945/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465947/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465949/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465950/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465955/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465953/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465957/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465956/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465943/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465963/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465964/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465991/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465995/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466004/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465998/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5466001/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465990/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465984/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5465974/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:09.533Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5466012/y_-1_full.jpg?width=1125&format=webp&quality=60","_priv":{"estimate":{"delta":29.524289492209547,"est":17.42530307518692,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · iconic Benetti, near-new","tone":"premium"},"cashflow":{"acquisition":22.57,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.26,"charterIncome":0,"netAnnual":-2.26,"cumulative":-2.26,"residual":21.78},{"year":2027,"yearIdx":1,"opCost":2.18,"charterIncome":0,"netAnnual":-2.18,"cumulative":-4.44,"residual":21.02},{"year":2028,"yearIdx":2,"opCost":2.1,"charterIncome":0,"netAnnual":-2.1,"cumulative":-6.54,"residual":20.28},{"year":2029,"yearIdx":3,"opCost":2.03,"charterIncome":0,"netAnnual":-2.03,"cumulative":-8.57,"residual":19.57},{"year":2030,"yearIdx":4,"opCost":1.96,"charterIncome":0,"netAnnual":-1.96,"cumulative":-10.53,"residual":18.89}],"totalOp":10.53,"totalCharter":0,"net5yr":-10.53,"residualY5":18.89,"netHoldCost":14.21,"netHoldCostPctOfAcq":63,"verdict":"Private use, no charter income modelled. Effective hold cost: 63% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":22.57,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 55% LTV","cashAtClose":10.16,"debt":12.41,"rateBps":625,"annualDebtCost":0.78,"thesis":"55% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$780K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":7.9,"debt":14.67,"rateBps":625,"annualDebtCost":0.92,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":17.32,"target":18.22,"ceiling":19.13,"baselineDiscountPct":19.3,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Benetti — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 30% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This modern-era Benetti, delivered in 2022 at 41m carries the full tier-A pedigree and remains in its first-decade window. Lying in West Mediterranean, Italy.","v":3}},{"id":"burgess-00006725","name":"SURAMA","builder":"Royal Huisman Shipyard","year":1997,"len":40.7,"price":5.35,"city":"East Mediterranean","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/surama-00006725","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/1636398/x_70_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482054/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482056/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482057/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482058/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482049/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482050/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482051/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482052/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482053/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482059/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482062/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482067/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482066/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482061/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482060/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1636393/x_100_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482070/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482065/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482072/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5482069/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/687429/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1486748/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460951/y_-1_full.jpg?width=645&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:11.045Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/1636398/x_70_full.jpg?width=1125&format=webp&quality=60","mmsi":"319073400","callsign":"ZGIE9","beam":9,"datalasticUuid":"7edd73a5-0fb4-6989-763f-14848ca553cc","_priv":{"estimate":{"delta":-40.02612288984469,"est":8.920550509305142,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 40% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":5.35,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-0.54,"residual":5.22},{"year":2027,"yearIdx":1,"opCost":0.52,"charterIncome":0,"netAnnual":-0.52,"cumulative":-1.06,"residual":5.09},{"year":2028,"yearIdx":2,"opCost":0.51,"charterIncome":0,"netAnnual":-0.51,"cumulative":-1.57,"residual":4.96},{"year":2029,"yearIdx":3,"opCost":0.5,"charterIncome":0,"netAnnual":-0.5,"cumulative":-2.07,"residual":4.84},{"year":2030,"yearIdx":4,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-2.55,"residual":4.72}],"totalOp":2.55,"totalCharter":0,"net5yr":-2.55,"residualY5":4.72,"netHoldCost":3.18,"netHoldCostPctOfAcq":59.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 59% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.35,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.48,"debt":1.87,"rateBps":700,"annualDebtCost":0.13,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$130K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.87,"debt":3.48,"rateBps":700,"annualDebtCost":0.24,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":4.61,"target":4.82,"ceiling":5.03,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Royal Huisman Shipyard — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (29y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 40% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Royal Huisman Shipyard, delivered in 1997 at 41m carries the full tier-A pedigree under proven systems. Lying in East Mediterranean, Cayman Islands.","v":3}},{"id":"burgess-00005922","name":"KOKOTEA","builder":"Alloy Yachts","year":2000,"len":40.3,"price":6.97,"city":"West Mediterranean","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/kokotea-00005922","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5460951/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460978/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460961/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460996/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460991/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460994/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460993/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460992/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460989/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460972/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460957/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460970/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460952/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460953/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460956/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5460955/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/687429/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1486748/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1636398/x_70_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432335/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688670/y_0_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/media-library/media/burgess/yachts/kokotea%2000005922/kokotea_00005922_vb5460954_3200x2000.jpg?width=400&height=200&rmode=crop&format=webp&quality=60&v=202506171108","https://www.burgessyachts.com/media-library/media/burgess/yachts/kokotea%2000005922/kokotea_00005922_vb5460952_3200x2000.jpg?width=400&height=200&rmode=crop&format=webp&quality=60&v=202506171108","https://www.burgessyachts.com/media-library/media/burgess/yachts/tosun%2010000994/tosun_10000994_vb5466009_3200x2133.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202605071121"],"refreshedAt":"2026-05-16T17:06:12.661Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5460951/y_-1_full.jpg?width=1125&format=webp&quality=60","mmsi":"319102400","callsign":"ZGFX7","beam":9,"datalasticUuid":"0d719296-9abf-99bd-315c-acacd9bd146f","_priv":{"estimate":{"delta":-14.36152450911993,"est":8.138865107123793,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Value · 14% under model","tone":"value"},"cashflow":{"acquisition":6.97,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-0.7,"residual":6.66},{"year":2027,"yearIdx":1,"opCost":0.67,"charterIncome":0,"netAnnual":-0.67,"cumulative":-1.37,"residual":6.36},{"year":2028,"yearIdx":2,"opCost":0.64,"charterIncome":0,"netAnnual":-0.64,"cumulative":-2.01,"residual":6.07},{"year":2029,"yearIdx":3,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-2.62,"residual":5.8},{"year":2030,"yearIdx":4,"opCost":0.58,"charterIncome":0,"netAnnual":-0.58,"cumulative":-3.2,"residual":5.54}],"totalOp":3.2,"totalCharter":0,"net5yr":-3.2,"residualY5":5.54,"netHoldCost":4.63,"netHoldCostPctOfAcq":66.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.97,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":4.53,"debt":2.44,"rateBps":700,"annualDebtCost":0.17,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.44,"debt":4.53,"rateBps":700,"annualDebtCost":0.32,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":5.85,"target":6.13,"ceiling":6.41,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (26y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 14% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Alloy Yachts, delivered in 2000 at 40m represents the classic-platform era with a documented owner timeline. Lying in West Mediterranean, Cayman Islands.","v":3}},{"id":"edmiston-2541","name":"Anya","builder":"Sunseeker","year":2015,"len":40.1,"price":10.25,"city":"West Mediterranean","country":"Malta","sourceUrl":"https://www.edmiston.com/2541/anya-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T15:21:33.349Z","photoUrl":"https://origin.edmiston.com/lib/image/985bf4ba0c2aa33655b1f7dc72c3d8692a0c21e9/26.jpg?x=1200&y=630&crop","photos":["https://www.burgessyachts.com/web/vb/crop/5141143/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141168/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141170/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5126987/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141265/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141308/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141310/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141317/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141315/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141208/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141222/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2365162/x_54_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141215/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141362/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2391238/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2391235/y_49_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141095/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141205/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141232/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141356/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141355/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2365151/x_54_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141347/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141343/y_-1_full.jpg?width=1200&format=webp&quality=60"],"lastAisCoord":{"lat":60.43692,"lon":22.2387,"ts":"2026-05-16T18:01:11.163Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":60.43692,"lon":22.2387,"imo":"8565111","mmsi":"215702000","callsign":"9HB7128","beam":8,"datalasticUuid":"464e0fc3-f1de-bc46-2d92-1aaf0087d182","_priv":{"estimate":{"delta":-12.235577528851872,"est":11.67899213758241,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Value · 12% under model","tone":"value"},"cashflow":{"acquisition":10.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.03,"charterIncome":0,"netAnnual":-1.03,"cumulative":-1.03,"residual":9.79},{"year":2027,"yearIdx":1,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-2.01,"residual":9.35},{"year":2028,"yearIdx":2,"opCost":0.94,"charterIncome":0,"netAnnual":-0.94,"cumulative":-2.95,"residual":8.93},{"year":2029,"yearIdx":3,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-3.84,"residual":8.53},{"year":2030,"yearIdx":4,"opCost":0.85,"charterIncome":0,"netAnnual":-0.85,"cumulative":-4.69,"residual":8.15}],"totalOp":4.69,"totalCharter":0,"net5yr":-4.69,"residualY5":8.15,"netHoldCost":6.79,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.64,"debt":4.61,"rateBps":625,"annualDebtCost":0.29,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$290K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.59,"debt":6.66,"rateBps":625,"annualDebtCost":0.42,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":9.05,"target":9.46,"ceiling":9.87,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 12% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Sunseeker, delivered in 2015 at 40m has settled into its proven-hull period with full systems history. Lying in West Mediterranean, Malta.","v":3}},{"id":"burgess-00007067","name":"MAVERICK","builder":"Admiral","year":2013,"len":39.8,"price":11.77,"city":"West Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/maverick-00007067","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5128825/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128779/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128786/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128839/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128840/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128831/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128967/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128970/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128971/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128976/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128973/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5129031/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5129033/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5129026/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5129024/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5129029/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128847/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128846/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5129068/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5129047/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5129099/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5129105/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5130323/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5129092/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:16.862Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5128825/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":29.78862,"lon":-95.07261,"ts":"2026-05-16T17:46:08.741Z","sog":1.1},"coordPrecision":"live-ais","lat":29.78862,"lon":-95.07261,"imo":"9707209","mmsi":"538071238","callsign":"V7UE6","beam":8,"draught":2.4,"datalasticUuid":"5059a35f-cc4f-16c0-2016-396981c82c0e","_priv":{"estimate":{"delta":12.839402747478504,"est":10.430753543015372,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 13% over model","tone":"premium"},"cashflow":{"acquisition":11.77,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.18,"charterIncome":0,"netAnnual":-1.18,"cumulative":-1.18,"residual":11.24},{"year":2027,"yearIdx":1,"opCost":1.12,"charterIncome":0,"netAnnual":-1.12,"cumulative":-2.3,"residual":10.73},{"year":2028,"yearIdx":2,"opCost":1.07,"charterIncome":0,"netAnnual":-1.07,"cumulative":-3.37,"residual":10.25},{"year":2029,"yearIdx":3,"opCost":1.03,"charterIncome":0,"netAnnual":-1.03,"cumulative":-4.4,"residual":9.79},{"year":2030,"yearIdx":4,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-5.38,"residual":9.35}],"totalOp":5.38,"totalCharter":0,"net5yr":-5.38,"residualY5":9.35,"netHoldCost":7.8,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":11.77,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":6.47,"debt":5.3,"rateBps":625,"annualDebtCost":0.33,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$330K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":4.12,"debt":7.65,"rateBps":625,"annualDebtCost":0.48,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":8.34,"target":8.81,"ceiling":9.28,"baselineDiscountPct":25.1,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"13-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 13% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Admiral, delivered in 2013 at 40m represents the classic-platform era with a documented owner timeline. Lying in West Mediterranean, Italy.","v":3}},{"id":"burgess-00005185","name":"CLASSIC 40M BENETTI","builder":"Benetti","year":1970,"len":39.5,"price":4.86,"city":"East Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/classic-40m-benetti-00005185","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/2267076/x_51_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267075/x_51_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267206/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267204/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267201/y_47_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267200/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267184/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267185/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267187/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267193/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267190/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267149/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267156/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267174/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267161/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267164/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267213/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267211/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267218/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267219/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267131/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267148/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267135/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2267134/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:18.693Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/2267076/x_51_full.jpg?width=1125&format=webp&quality=60","_priv":{"estimate":{"delta":-12.203337870806818,"est":5.5355179594965565,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Value · 12% under model, tier-A build","tone":"value"},"cashflow":{"acquisition":4.86,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.49,"charterIncome":0,"netAnnual":-0.49,"cumulative":-0.49,"residual":4.74},{"year":2027,"yearIdx":1,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-0.96,"residual":4.62},{"year":2028,"yearIdx":2,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-1.42,"residual":4.5},{"year":2029,"yearIdx":3,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-1.87,"residual":4.39},{"year":2030,"yearIdx":4,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-2.31,"residual":4.28}],"totalOp":2.31,"totalCharter":0,"net5yr":-2.31,"residualY5":4.28,"netHoldCost":2.89,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.86,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.16,"debt":1.7,"rateBps":700,"annualDebtCost":0.12,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.7,"debt":3.16,"rateBps":700,"annualDebtCost":0.22,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":4.18,"target":4.38,"ceiling":4.57,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (56y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 12% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Benetti, delivered in 1970 at 40m carries the full tier-A pedigree under proven systems. Lying in East Mediterranean, Italy.","v":3}},{"id":"burgess-00008991","name":"NO DESTINATION","builder":"Damen","year":2009,"len":37.5,"price":10.75,"city":"West Mediterranean","country":"Marshall Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/no-destination-00008991","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5148612/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5161339/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5137979/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5153750/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5153749/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131033/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131030/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131029/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5148602/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5148604/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131035/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131036/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131038/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131039/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131040/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131041/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131043/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5157537/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5157538/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5157524/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5157521/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5157528/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5157527/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5131066/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:21.617Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5148612/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":43.78753,"lon":7.59943,"ts":"2026-05-16T17:40:50.730Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":43.78753,"lon":7.59943,"imo":"9535670","mmsi":"538071386","callsign":"V7A2294","beam":7,"datalasticUuid":"129baa45-6fdc-25d9-54a6-cc47d969ffde","_priv":{"estimate":{"delta":13.831771180515778,"est":9.443760637750705,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 14% over model","tone":"premium"},"cashflow":{"acquisition":10.75,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.07,"charterIncome":0,"netAnnual":-1.07,"cumulative":-1.07,"residual":10.27},{"year":2027,"yearIdx":1,"opCost":1.03,"charterIncome":0,"netAnnual":-1.03,"cumulative":-2.1,"residual":9.81},{"year":2028,"yearIdx":2,"opCost":0.98,"charterIncome":0,"netAnnual":-0.98,"cumulative":-3.08,"residual":9.37},{"year":2029,"yearIdx":3,"opCost":0.94,"charterIncome":0,"netAnnual":-0.94,"cumulative":-4.02,"residual":8.95},{"year":2030,"yearIdx":4,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-4.92,"residual":8.55}],"totalOp":4.92,"totalCharter":0,"net5yr":-4.92,"residualY5":8.55,"netHoldCost":7.12,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.75,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.91,"debt":4.84,"rateBps":700,"annualDebtCost":0.34,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$340K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.76,"debt":6.99,"rateBps":700,"annualDebtCost":0.49,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":7.58,"target":8.01,"ceiling":8.44,"baselineDiscountPct":25.5,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Listed 14% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Damen, delivered in 2009 at 38m represents the classic-platform era with a documented owner timeline. Lying in West Mediterranean, Marshall Islands.","v":3}},{"id":"burgess-00006286","name":"NORFOLK STAR","builder":"Perini Navi","year":1996,"len":37,"price":4.81,"city":"West Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/norfolk-star-00006286","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/1688670/y_0_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688683/y_0_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688751/y_0_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688742/y_0_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688740/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688741/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688738/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1699867/x_100_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1699928/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1699893/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1699914/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688704/x_100_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688694/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688697/x_100_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1700098/x_52_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688696/x_100_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688687/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688685/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688689/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1688690/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1700129/x_52_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1700128/x_52_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1700125/x_52_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1700122/x_51_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:23.704Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/1688670/y_0_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":39.56471,"lon":2.64003,"ts":"2026-05-16T17:16:01.776Z","sog":0.1},"coordPrecision":"live-ais","isDocked":true,"lat":39.56471,"lon":2.64003,"imo":"8987955","mmsi":"319322200","callsign":"ZGUN3","beam":7.6,"draught":3.5,"homePort":"VALLETTA","datalasticUuid":"34d256b2-9bef-e555-e34e-cfa40a88f871","_priv":{"estimate":{"delta":-8.200949266086857,"est":5.239705597765022,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Value · 8% under model, tier-A build","tone":"value"},"cashflow":{"acquisition":4.81,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.48,"charterIncome":0,"netAnnual":-0.48,"cumulative":-0.48,"residual":4.69},{"year":2027,"yearIdx":1,"opCost":0.47,"charterIncome":0,"netAnnual":-0.47,"cumulative":-0.95,"residual":4.57},{"year":2028,"yearIdx":2,"opCost":0.46,"charterIncome":0,"netAnnual":-0.46,"cumulative":-1.41,"residual":4.46},{"year":2029,"yearIdx":3,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-1.86,"residual":4.35},{"year":2030,"yearIdx":4,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-2.29,"residual":4.24}],"totalOp":2.29,"totalCharter":0,"net5yr":-2.29,"residualY5":4.24,"netHoldCost":2.86,"netHoldCostPctOfAcq":59.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.81,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.13,"debt":1.68,"rateBps":700,"annualDebtCost":0.12,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.68,"debt":3.13,"rateBps":700,"annualDebtCost":0.22,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":3.97,"target":4.16,"ceiling":4.35,"baselineDiscountPct":13.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Perini Navi — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Heritage hull (30y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Asking is 8% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Perini Navi, delivered in 1996 at 37m carries the full tier-A pedigree under proven systems. Lying in West Mediterranean, Italy.","v":3}},{"id":"burgess-00005246","name":"VIRTUE","builder":"Benetti","year":2008,"len":36.6,"price":7.7,"city":"USA","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/virtue-00005246","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5583604/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558604/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558494/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558611/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558626/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558631/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558590/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558589/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558588/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558585/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558477/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558643/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558645/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558474/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558565/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558595/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558594/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558591/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558584/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558621/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558625/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558583/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558511/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5558512/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:25.157Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5583604/y_-1_full.jpg?width=1125&format=webp&quality=60","mmsi":"235093158","callsign":"2FPK6","beam":8,"datalasticUuid":"8806d15c-8559-7f2e-6fae-d5b47535a83e","_priv":{"estimate":{"delta":-11.037227886687145,"est":8.655305828591342,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Value · 11% under model, tier-A build","tone":"value"},"cashflow":{"acquisition":7.7,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-0.77,"residual":7.51},{"year":2027,"yearIdx":1,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-1.52,"residual":7.32},{"year":2028,"yearIdx":2,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-2.25,"residual":7.14},{"year":2029,"yearIdx":3,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-2.96,"residual":6.96},{"year":2030,"yearIdx":4,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-3.66,"residual":6.79}],"totalOp":3.66,"totalCharter":0,"net5yr":-3.66,"residualY5":6.79,"netHoldCost":4.57,"netHoldCostPctOfAcq":59.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 59% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.7,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":5.01,"debt":2.69,"rateBps":700,"annualDebtCost":0.19,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$190K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.69,"debt":5.01,"rateBps":700,"annualDebtCost":0.35,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":6.63,"target":6.94,"ceiling":7.25,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Benetti — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 11% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Benetti, delivered in 2008 at 37m carries the full tier-A pedigree under proven systems. Lying in Usa, Italy.","v":3}},{"id":"burgess-10004431","name":"JAFE TICA","builder":"Dragos Yachts","year":2012,"len":35.4,"price":4.27,"city":"East Mediterranean","country":"Turkey","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/jafe-tica-10004431","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5446800/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475873/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475989/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475991/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475992/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5456420/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5456421/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5456422/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5456423/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475910/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475916/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475940/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475890/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475936/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475935/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475933/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475928/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475953/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475950/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5475952/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5446796/x_55_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5456480/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5141143/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5128825/y_-1_full.jpg?width=645&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:26.664Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5446800/y_-1_full.jpg?width=1125&format=webp&quality=60","_priv":{"estimate":{"delta":-44.95518628873233,"est":7.757315743491981,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 45% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.27,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-0.43,"residual":4.08},{"year":2027,"yearIdx":1,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-0.84,"residual":3.9},{"year":2028,"yearIdx":2,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-1.23,"residual":3.72},{"year":2029,"yearIdx":3,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-1.6,"residual":3.55},{"year":2030,"yearIdx":4,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.95,"residual":3.39}],"totalOp":1.95,"totalCharter":0,"net5yr":-1.95,"residualY5":3.39,"netHoldCost":2.83,"netHoldCostPctOfAcq":66.3,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.27,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.35,"debt":1.92,"rateBps":625,"annualDebtCost":0.12,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.49,"debt":2.78,"rateBps":625,"annualDebtCost":0.17,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":3.58,"target":3.75,"ceiling":3.92,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 45% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Dragos Yachts, delivered in 2012 at 35m represents the classic-platform era with a documented owner timeline. Lying in East Mediterranean, Turkey.","v":3}},{"id":"burgess-00006164","name":"BEOWULF","builder":"Royal Hakvoort Shipyard","year":2002,"len":33.7,"price":7.83,"city":"USA","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/beowulf-00006164","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5610505/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5610041/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5610047/x_58_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5610038/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609930/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609962/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609968/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609966/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609971/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609980/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609985/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609983/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609979/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5610008/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609973/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5610004/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5610005/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5610011/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5610017/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5610018/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609995/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609991/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609992/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5609993/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:06:28.105Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5610505/y_-1_full.jpg?width=1125&format=webp&quality=60","imo":"1007304","mmsi":"319001200","callsign":"ZCYC5","beam":8.4,"datalasticUuid":"b5baad2c-e041-4c46-485e-a58ad3c73b16","_priv":{"estimate":{"delta":25.66906411405337,"est":6.2306503634766734,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":7.83,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-0.78,"residual":7.48},{"year":2027,"yearIdx":1,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-1.53,"residual":7.14},{"year":2028,"yearIdx":2,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-2.24,"residual":6.82},{"year":2029,"yearIdx":3,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-2.92,"residual":6.51},{"year":2030,"yearIdx":4,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-3.57,"residual":6.22}],"totalOp":3.57,"totalCharter":0,"net5yr":-3.57,"residualY5":6.22,"netHoldCost":5.18,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.83,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":5.09,"debt":2.74,"rateBps":700,"annualDebtCost":0.19,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$190K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.74,"debt":5.09,"rateBps":700,"annualDebtCost":0.36,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":5.01,"target":5.32,"ceiling":5.64,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (24y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 26% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Royal Hakvoort Shipyard, delivered in 2002 at 34m represents the classic-platform era with a documented owner timeline. Lying in Usa, Cayman Islands.","v":3}},{"id":"burgess-00004452","name":"EL MIRAR II","builder":"Horizon Yachts","year":2008,"len":33.5,"price":3.46,"city":"USA","country":"Taiwan","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/el-mirar-ii-00004452","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5593475/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593474/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593491/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593496/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593494/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593580/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593523/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593524/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593520/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593576/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593503/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593505/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593526/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593536/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593534/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593529/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593530/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593538/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593484/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593486/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593532/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593479/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593476/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593477/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:55:50.400Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5593475/y_-1_full.jpg?width=1125&format=webp&quality=60","_priv":{"estimate":{"delta":-39.29131575711614,"est":5.699349348698121,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 39% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.46,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-0.35,"residual":3.3},{"year":2027,"yearIdx":1,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-0.68,"residual":3.15},{"year":2028,"yearIdx":2,"opCost":0.32,"charterIncome":0,"netAnnual":-0.32,"cumulative":-1,"residual":3.01},{"year":2029,"yearIdx":3,"opCost":0.3,"charterIncome":0,"netAnnual":-0.3,"cumulative":-1.3,"residual":2.87},{"year":2030,"yearIdx":4,"opCost":0.29,"charterIncome":0,"netAnnual":-0.29,"cumulative":-1.59,"residual":2.74}],"totalOp":1.59,"totalCharter":0,"net5yr":-1.59,"residualY5":2.74,"netHoldCost":2.31,"netHoldCostPctOfAcq":66.8,"verdict":"Private use, no charter income modelled. Effective hold cost: 67% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.46,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.25,"debt":1.21,"rateBps":700,"annualDebtCost":0.08,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$80K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.21,"debt":2.25,"rateBps":700,"annualDebtCost":0.16,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.9,"target":3.04,"ceiling":3.18,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 39% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Horizon Yachts, delivered in 2008 at 34m represents the classic-platform era with a documented owner timeline. Lying in Usa, Taiwan.","v":3}},{"id":"burgess-10001893","name":"BIG M","builder":"Gulf Craft","year":2024,"len":33,"price":8.1,"city":"West Mediterranean","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/big-m-10001893","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5547236/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547224/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547193/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547214/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547213/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547212/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547210/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547199/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547209/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547206/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547207/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547208/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547202/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547226/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547203/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547205/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547201/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547200/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547227/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547198/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547220/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547221/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547216/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5547215/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:55:51.872Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5547236/y_-1_full.jpg?width=1125&format=webp&quality=60","mmsi":"319186800","callsign":"ZGRX3","beam":7,"datalasticUuid":"b54d3201-26f5-b9df-c36c-4e540d7b98e3","_priv":{"estimate":{"delta":-17.228883648121414,"est":9.786022415796692,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 17% under model","tone":"strong-buy"},"cashflow":{"acquisition":8.1,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.81,"charterIncome":0,"netAnnual":-0.81,"cumulative":-0.81,"residual":7.37},{"year":2027,"yearIdx":1,"opCost":0.74,"charterIncome":0,"netAnnual":-0.74,"cumulative":-1.55,"residual":6.93},{"year":2028,"yearIdx":2,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-2.24,"residual":6.51},{"year":2029,"yearIdx":3,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-2.89,"residual":6.12},{"year":2030,"yearIdx":4,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-3.5,"residual":5.75}],"totalOp":3.5,"totalCharter":0,"net5yr":-3.5,"residualY5":5.75,"netHoldCost":5.85,"netHoldCostPctOfAcq":72.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 72% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.1,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.45,"debt":3.65,"rateBps":625,"annualDebtCost":0.23,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$230K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.83,"debt":5.27,"rateBps":625,"annualDebtCost":0.33,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":7.38,"target":7.7,"ceiling":7.94,"baselineDiscountPct":5,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 17% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This current-generation Gulf Craft, delivered in 2024 at 33m is barely campaigned and reflects current build standards. Lying in West Mediterranean, Cayman Islands.","v":3}},{"id":"burgess-00009405","name":"ANOMALY","builder":"Vitters Shipyard","year":2017,"len":32.6,"price":17.82,"city":"West Mediterranean","country":"Malta","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/anomaly-00009405","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/1508932/x_54_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1508940/x_100_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1508944/x_55_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1508950/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1508934/y_29_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1508954/y_45_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1508960/y_0_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1508935/x_51_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/1508955/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5605015/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5446800/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432530/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5192096/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5668743/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681874/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/media-library/media/burgess/yachts/anomaly%2000009405/anomaly_00009405_vb1508932.jpg?width=400&height=200&rmode=crop&format=webp&quality=60&v=202512091435","https://www.burgessyachts.com/media-library/media/burgess/yachts/tosun%2010000994/tosun_10000994_vb5466009_3200x2133.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202605071121","https://www.burgessyachts.com/media-library/media/burgess/yachts/ebyshine%2010003396/ebyshine_10003396_vb5660336.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202603190946","https://www.burgessyachts.com/media-library/media/burgess/yachts/patea%2000007051/patea_00007051_vb2262752.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202408211133","https://www.burgessyachts.com/media-library/media/burgess/yachts/birubi%20%2010000943/birubi_10000943_vb5132342.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202512181349","https://www.burgessyachts.com/media-library/media/burgess/yachts/mari%20cha%20iii/mari_cha_iii_00006108_vb687429.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202604151637","https://www.burgessyachts.com/media-library/media/burgess/yachts/big%20m%2010001893/big_m_10001893_vb5547236.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202509291430","https://www.burgessyachts.com/media-library/media/burgess/yachts/vesper%2000004385/vesper_00004385_vb5398407_1000x667.jpg?width=315&height=210&rmode=crop&format=webp&quality=60&v=202605111840","https://www.burgessyachts.com/media-library/media/burgess/yachts/bel%201%2010002915/bel_1_10002915_vb5201758_1000x667.jpg?width=315&height=210&rmode=crop&format=webp&quality=60&v=202605111842"],"refreshedAt":"2026-05-16T17:55:53.394Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/1508932/x_54_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":41.43351,"lon":2.23995,"ts":"2026-05-16T17:55:56.996Z","sog":null},"coordPrecision":"live-ais","lat":41.43351,"lon":2.23995,"mmsi":"248111000","callsign":"9HB4929","beam":8,"datalasticUuid":"7818e0df-be64-2ec5-b4b7-2f3e5badba00","_priv":{"estimate":{"delta":71.73982257010516,"est":10.376160714109144,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 72% over model","tone":"premium"},"cashflow":{"acquisition":17.82,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.78,"charterIncome":0,"netAnnual":-1.78,"cumulative":-1.78,"residual":17.2},{"year":2027,"yearIdx":1,"opCost":1.72,"charterIncome":0,"netAnnual":-1.72,"cumulative":-3.5,"residual":16.6},{"year":2028,"yearIdx":2,"opCost":1.66,"charterIncome":0,"netAnnual":-1.66,"cumulative":-5.16,"residual":16.19},{"year":2029,"yearIdx":3,"opCost":1.62,"charterIncome":0,"netAnnual":-1.62,"cumulative":-6.78,"residual":15.79},{"year":2030,"yearIdx":4,"opCost":1.58,"charterIncome":0,"netAnnual":-1.58,"cumulative":-8.36,"residual":15.4}],"totalOp":8.36,"totalCharter":0,"net5yr":-8.36,"residualY5":15.4,"netHoldCost":10.78,"netHoldCostPctOfAcq":60.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 61% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":17.82,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":9.8,"debt":8.02,"rateBps":625,"annualDebtCost":0.5,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$500K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.24,"debt":11.58,"rateBps":625,"annualDebtCost":0.72,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 9-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":11.4,"target":12.12,"ceiling":12.83,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Vitters Shipyard — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 72% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Vitters Shipyard, delivered in 2017 at 33m carries the full tier-A pedigree under proven systems. Lying in West Mediterranean, Malta.","v":3}},{"id":"burgess-00000447","name":"WALLY LOVE","builder":"Wally Yachts","year":2007,"len":30.5,"price":4.27,"city":"West Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/wally-love-00000447","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/2072723/y_49_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2072731/y_49_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084730/y_0_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084717/x_51_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2073136/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2073107/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2073105/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2073114/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084691/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084689/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084688/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2073119/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084698/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2073121/x_100_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2072801/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2072833/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084708/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084739/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084710/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2073095/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084725/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2084719/y_0_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5610505/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5593475/y_-1_full.jpg?width=645&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:55:54.893Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/2072723/y_49_full.jpg?width=1125&format=webp&quality=60","mmsi":"215336000","callsign":"9HB6713","beam":7,"datalasticUuid":"1cc0f591-536f-2899-3e91-ffe527b972a8","_priv":{"estimate":{"delta":-25.191992815887236,"est":5.707945126102536,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 25% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":4.27,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-0.43,"residual":4.16},{"year":2027,"yearIdx":1,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-0.85,"residual":4.06},{"year":2028,"yearIdx":2,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-1.26,"residual":3.96},{"year":2029,"yearIdx":3,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-1.66,"residual":3.86},{"year":2030,"yearIdx":4,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-2.05,"residual":3.76}],"totalOp":2.05,"totalCharter":0,"net5yr":-2.05,"residualY5":3.76,"netHoldCost":2.56,"netHoldCostPctOfAcq":60,"verdict":"Private use, no charter income modelled. Effective hold cost: 60% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.27,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.78,"debt":1.49,"rateBps":700,"annualDebtCost":0.1,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.49,"debt":2.78,"rateBps":700,"annualDebtCost":0.19,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"}],"bidIntel":{"opening":3.68,"target":3.85,"ceiling":4.02,"baselineDiscountPct":9.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Wally Yachts — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"19-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 25% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Wally Yachts, delivered in 2007 at 31m carries the full tier-A pedigree under proven systems. Lying in West Mediterranean, Italy.","v":3}},{"id":"burgess-00004833","name":"LITTLE PERLE","builder":"Moonen Yachts","year":2008,"len":30,"price":4.43,"city":"Australasia","country":"Australia","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/little-perle-00004833","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5615560/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615618/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615620/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615609/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615611/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615598/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615599/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615600/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615601/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615602/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615603/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615591/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615592/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615594/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615596/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615605/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615613/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615612/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615568/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615567/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615572/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615574/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615579/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5615575/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:55:58.314Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5615560/y_-1_full.jpg?width=1125&format=webp&quality=60","mmsi":"503141090","callsign":"461281","beam":8,"datalasticUuid":"60f225d2-bccf-ee09-e4ee-58e11630b1d3","_priv":{"estimate":{"delta":-5.610139405036523,"est":4.693300712678856,"label":"Fair","cls":"f"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":null,"cashflow":{"acquisition":4.43,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.44,"charterIncome":0,"netAnnual":-0.44,"cumulative":-0.44,"residual":4.23},{"year":2027,"yearIdx":1,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-0.86,"residual":4.04},{"year":2028,"yearIdx":2,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-1.26,"residual":3.86},{"year":2029,"yearIdx":3,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-1.65,"residual":3.69},{"year":2030,"yearIdx":4,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-2.02,"residual":3.52}],"totalOp":2.02,"totalCharter":0,"net5yr":-2.02,"residualY5":3.52,"netHoldCost":2.93,"netHoldCostPctOfAcq":66.1,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.43,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":2.88,"debt":1.55,"rateBps":700,"annualDebtCost":0.11,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$110K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.55,"debt":2.88,"rateBps":700,"annualDebtCost":0.2,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.52,"target":3.7,"ceiling":3.88,"baselineDiscountPct":16.5,"strategy":"Seller pricing near our model — modest room to negotiate, but expect resistance below target.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Vintage hull negotiations typically settle 8-15% below ask once survey findings price in deferred maintenance."}],"editorial":"This heritage Moonen Yachts, delivered in 2008 at 30m represents the classic-platform era with a documented owner timeline. Lying in Australasia, Australia.","v":3}},{"id":"burgess-00007227","name":"SAYONARA","builder":"Overmarine","year":2015,"len":28.7,"price":3.56,"city":"USA","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/sayonara-00007227","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5432530/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432531/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432529/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432533/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432523/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432524/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432525/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432507/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432517/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432518/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432516/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432515/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432522/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432521/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432520/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432519/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432512/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432510/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432509/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432514/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432513/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432511/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432505/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5432506/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:56:01.589Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5432530/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":52.76815,"lon":5.09609,"ts":"2026-05-16T18:00:58.197Z","sog":null},"coordPrecision":"live-ais","lat":52.76815,"lon":5.09609,"mmsi":"244660831","_priv":{"estimate":{"delta":-33.259773985068215,"est":5.334114390328138,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 33% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.56,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-0.43,"residual":3.4},{"year":2027,"yearIdx":1,"opCost":0.41,"charterIncome":0,"netAnnual":-0.41,"cumulative":-0.84,"residual":3.25},{"year":2028,"yearIdx":2,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-1.23,"residual":3.1},{"year":2029,"yearIdx":3,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-1.6,"residual":2.96},{"year":2030,"yearIdx":4,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.96,"residual":2.83}],"totalOp":1.96,"totalCharter":0,"net5yr":-1.96,"residualY5":2.83,"netHoldCost":2.69,"netHoldCostPctOfAcq":75.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.56,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.96,"debt":1.6,"rateBps":625,"annualDebtCost":0.1,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.25,"debt":2.31,"rateBps":625,"annualDebtCost":0.14,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 11-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":3.14,"target":3.29,"ceiling":3.43,"baselineDiscountPct":7.7,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 33% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This established Overmarine, delivered in 2015 at 29m has settled into its proven-hull period with full systems history. Lying in Usa, Italy.","v":3}},{"id":"burgess-00001141","name":"SLOW POKE","builder":"Kuipers Woudsend","year":2000,"len":27.5,"price":5.12,"city":"West Mediterranean","country":"USA","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/slow-poke-00001141","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5425077/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425078/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425067/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425068/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425063/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425062/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425061/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425066/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425082/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425057/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425086/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425058/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425060/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425083/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425085/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425084/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425064/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425065/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425072/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425070/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425069/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425074/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425075/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5425076/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:56:04.750Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5425077/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":41.43398,"lon":2.24059,"ts":"2026-05-16T18:01:08.970Z","sog":0},"coordPrecision":"live-ais","isDocked":true,"lat":41.43398,"lon":2.24059,"mmsi":"368340590","callsign":"WDP2914","beam":7,"datalasticUuid":"b4e98e20-104c-b452-881e-47c3460bd155","_priv":{"estimate":{"delta":72.11272590229173,"est":2.9747945558114166,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Patient hold — over-market for the era","tone":"patient"},"cashflow":{"acquisition":5.12,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-0.61,"residual":4.89},{"year":2027,"yearIdx":1,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-1.2,"residual":4.67},{"year":2028,"yearIdx":2,"opCost":0.56,"charterIncome":0,"netAnnual":-0.56,"cumulative":-1.76,"residual":4.46},{"year":2029,"yearIdx":3,"opCost":0.54,"charterIncome":0,"netAnnual":-0.54,"cumulative":-2.3,"residual":4.26},{"year":2030,"yearIdx":4,"opCost":0.51,"charterIncome":0,"netAnnual":-0.51,"cumulative":-2.81,"residual":4.07}],"totalOp":2.81,"totalCharter":0,"net5yr":-2.81,"residualY5":4.07,"netHoldCost":3.86,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.12,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":3.33,"debt":1.79,"rateBps":700,"annualDebtCost":0.13,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$130K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.79,"debt":3.33,"rateBps":700,"annualDebtCost":0.23,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":3.28,"target":3.48,"ceiling":3.69,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Heritage hull (26y) with no recent refit on file — budget for full surveyor day plus likely 5-10% of asking in deferred maintenance."},{"tone":"tactical","label":"Leverage","body":"Listed 72% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This heritage Kuipers Woudsend, delivered in 2000 at 28m represents the classic-platform era with a documented owner timeline. Lying in West Mediterranean, Usa.","v":3}},{"id":"burgess-00009514","name":"PLAYA","builder":"Lynx Yachts","year":2018,"len":27.4,"price":5.94,"city":"West Mediterranean","country":"Cayman Islands","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/playa-00009514","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5668743/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665720/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665655/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665656/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665658/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665660/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665664/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5668591/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665663/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5668076/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5668590/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665661/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665667/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5668066/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665662/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665695/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665693/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5668592/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665694/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665692/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665696/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665703/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5665707/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5668069/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:56:06.757Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5668743/y_-1_full.jpg?width=1125&format=webp&quality=60","mmsi":"319152400","callsign":"ZGHN9","beam":8,"datalasticUuid":"0913c0cc-10da-8a34-4b62-a1a45c99e08c","_priv":{"estimate":{"delta":12.110346098761879,"est":5.298351317876808,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 12% over model","tone":"premium"},"cashflow":{"acquisition":5.94,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.71,"charterIncome":0,"netAnnual":-0.71,"cumulative":-0.71,"residual":5.58},{"year":2027,"yearIdx":1,"opCost":0.67,"charterIncome":0,"netAnnual":-0.67,"cumulative":-1.38,"residual":5.25},{"year":2028,"yearIdx":2,"opCost":0.63,"charterIncome":0,"netAnnual":-0.63,"cumulative":-2.01,"residual":4.93},{"year":2029,"yearIdx":3,"opCost":0.59,"charterIncome":0,"netAnnual":-0.59,"cumulative":-2.6,"residual":4.71},{"year":2030,"yearIdx":4,"opCost":0.57,"charterIncome":0,"netAnnual":-0.57,"cumulative":-3.17,"residual":4.5}],"totalOp":3.17,"totalCharter":0,"net5yr":-3.17,"residualY5":4.5,"netHoldCost":4.61,"netHoldCostPctOfAcq":77.6,"verdict":"Private use, no charter income modelled. Effective hold cost: 78% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":5.94,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.27,"debt":2.67,"rateBps":625,"annualDebtCost":0.17,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$170K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.08,"debt":3.86,"rateBps":625,"annualDebtCost":0.24,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 8-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":4.7,"target":4.94,"ceiling":5.18,"baselineDiscountPct":16.8,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 12% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Lynx Yachts, delivered in 2018 at 27m has settled into its proven-hull period with full systems history. Lying in West Mediterranean, Cayman Islands.","v":3}},{"id":"burgess-10005214","name":"CASA","builder":"Wally Yachts","year":2016,"len":27.3,"price":7.02,"city":"West Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/casa-10005214","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5681874/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681145/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681984/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681872/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681817/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681864/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681827/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681859/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681223/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681222/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5682086/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5682083/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5682073/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5682065/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5682064/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5682054/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681162/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681163/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681166/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681160/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681152/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681148/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681147/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681219/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:56:08.269Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5681874/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":51.90148,"lon":5.55557,"ts":"2026-05-16T17:20:51.237Z","sog":8.2},"coordPrecision":"live-ais","lat":51.90148,"lon":5.55557,"mmsi":"316030685","callsign":"CASA","datalasticUuid":"06daaa7c-0783-60a0-7e94-87c6a7f47fd8","_priv":{"estimate":{"delta":17.77258872627109,"est":5.960639972274019,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 18% over model","tone":"premium"},"cashflow":{"acquisition":7.02,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-0.84,"residual":6.77},{"year":2027,"yearIdx":1,"opCost":0.81,"charterIncome":0,"netAnnual":-0.81,"cumulative":-1.65,"residual":6.6},{"year":2028,"yearIdx":2,"opCost":0.79,"charterIncome":0,"netAnnual":-0.79,"cumulative":-2.44,"residual":6.43},{"year":2029,"yearIdx":3,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-3.21,"residual":6.27},{"year":2030,"yearIdx":4,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-3.96,"residual":6.11}],"totalOp":3.96,"totalCharter":0,"net5yr":-3.96,"residualY5":6.11,"netHoldCost":4.87,"netHoldCostPctOfAcq":69.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 69% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.02,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.86,"debt":3.16,"rateBps":625,"annualDebtCost":0.2,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$200K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.46,"debt":4.56,"rateBps":625,"annualDebtCost":0.28,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Refit cycle pending","rationale":"Hull is in the 10-year service window — major refit programmes are typically scheduled 8-12 years post-delivery. Seller carries this overhang.","strength":"strong","pointsOff":"4-8%"}],"bidIntel":{"opening":5.45,"target":5.73,"ceiling":6.01,"baselineDiscountPct":18.4,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Tier-A Wally Yachts — among the eight to ten yards superyacht owners specify by name."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 18% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Wally Yachts, delivered in 2016 at 27m carries the full tier-A pedigree under proven systems. Lying in West Mediterranean, Italy.","v":3}},{"id":"burgess-10004596","name":"REGINE OF CANNES","builder":"Sanlorenzo","year":2021,"len":24.6,"price":3.73,"city":"West Mediterranean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/regine-of-cannes-10004596","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5419570/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419575/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419578/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419577/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419564/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419582/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419581/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419579/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419573/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419574/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419572/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5419571/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5192096/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5668743/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5681874/y_-1_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/2120786/y_20_full.jpg?width=645&format=webp&quality=60","https://www.burgessyachts.com/media-library/media/burgess/yachts/regine%20of%20cannes%2010004596/regine_of_cannes_10004596_vb5419570.jpg?width=400&height=200&rmode=crop&format=webp&quality=60&v=202505071413","https://www.burgessyachts.com/media-library/media/burgess/yachts/tosun%2010000994/tosun_10000994_vb5466009_3200x2133.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202605071121","https://www.burgessyachts.com/media-library/media/burgess/yachts/ebyshine%2010003396/ebyshine_10003396_vb5660336.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202603190946","https://www.burgessyachts.com/media-library/media/burgess/yachts/patea%2000007051/patea_00007051_vb2262752.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202408211133","https://www.burgessyachts.com/media-library/media/burgess/yachts/birubi%20%2010000943/birubi_10000943_vb5132342.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202512181349","https://www.burgessyachts.com/media-library/media/burgess/yachts/mari%20cha%20iii/mari_cha_iii_00006108_vb687429.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202604151637","https://www.burgessyachts.com/media-library/media/burgess/yachts/big%20m%2010001893/big_m_10001893_vb5547236.jpg?width=308&height=209&rmode=crop&format=webp&quality=60&v=202509291430","https://www.burgessyachts.com/media-library/media/burgess/yachts/vesper%2000004385/vesper_00004385_vb5398407_1000x667.jpg?width=315&height=210&rmode=crop&format=webp&quality=60&v=202605111840"],"refreshedAt":"2026-05-16T17:56:09.719Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5419570/y_-1_full.jpg?width=1125&format=webp&quality=60","mmsi":"228412600","callsign":"FMQA","beam":6,"datalasticUuid":"8ab98bad-f249-bb76-978c-978777aa5897","_priv":{"estimate":{"delta":-32.181577848219376,"est":5.499980509207506,"label":"Under","cls":"u"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Strong value · 32% under model · tier-A build","tone":"strong-buy"},"cashflow":{"acquisition":3.73,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.45,"charterIncome":0,"netAnnual":-0.45,"cumulative":-0.45,"residual":3.6},{"year":2027,"yearIdx":1,"opCost":0.43,"charterIncome":0,"netAnnual":-0.43,"cumulative":-0.88,"residual":3.47},{"year":2028,"yearIdx":2,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-1.3,"residual":3.35},{"year":2029,"yearIdx":3,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-1.7,"residual":3.23},{"year":2030,"yearIdx":4,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-2.09,"residual":3.12}],"totalOp":2.09,"totalCharter":0,"net5yr":-2.09,"residualY5":3.12,"netHoldCost":2.7,"netHoldCostPctOfAcq":72.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 72% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.73,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.05,"debt":1.68,"rateBps":625,"annualDebtCost":0.1,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.31,"debt":2.42,"rateBps":625,"annualDebtCost":0.15,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":3.44,"target":3.59,"ceiling":3.66,"baselineDiscountPct":3.9,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Near-new tier-A Sanlorenzo — these rarely surface on the open market; comparable hulls trade off-market."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Asking is 32% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This modern-era Sanlorenzo, delivered in 2021 at 25m carries the full tier-A pedigree and remains in its first-decade window. Lying in West Mediterranean, Italy.","v":3}},{"id":"trigger-happy-95-sunseeker","name":"TRIGGER HAPPY","builder":"Sunseeker","year":2023,"len":29,"price":7.25,"city":"Tampa","country":"","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/trigger-happy-95-sunseeker","source":"denison","refreshedAt":"2026-05-12T18:30:49.522Z","photoUrl":"https://images.boatsgroup.com/resize/1/82/9/2023-sunseeker-95-yacht-power-9408209-964367068-0-120620240516-7.png?w=420&h=250&format=webp","photos":["https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/96f71a12666e2849.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/c1bb3fc1d23f45a4.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/d2a12dd39725c9d2.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/9ee2729ec7639cad.png?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/9239e5c01fd06e97.png?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/d6ea3999ca91cc66.png?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/a5d90b3e4105368a.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/e2be562594492c1a.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/ed69506230983c58.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/f4a56418c16a3502.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/ef796a2fa2b09c51.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/f725733c298b4c45.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/f1e46138e1d89a14.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/b774891f604fd9aa.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/efb0d3d6dda1ec7c.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/fe782756ca867529.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/a3173f2700c0fc6f.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/f7bc623818855746.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/c29970069de07edd.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/d8e2279c8eb98da6.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/83cf6cb0c40fbb70.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/b3a4cbfdc03bece1.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/d7b70cce65cf79cd.png?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/5ccd50d8-cbb9-ed11-83fe-000d3a3143f2/ccd8736222882200.png?auto=format&q=65&h=1"],"videoId":"azwcd3D7K98","videoSource":"youtube","brokerFirm":"Denison Yacht Sales","_priv":{"estimate":{"delta":-0.7764314900646204,"est":7.306731766328328,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":7.25,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.87,"charterIncome":0,"netAnnual":-0.87,"cumulative":-0.87,"residual":6.81},{"year":2027,"yearIdx":1,"opCost":0.82,"charterIncome":0,"netAnnual":-0.82,"cumulative":-1.69,"residual":6.4},{"year":2028,"yearIdx":2,"opCost":0.77,"charterIncome":0,"netAnnual":-0.77,"cumulative":-2.46,"residual":6.02},{"year":2029,"yearIdx":3,"opCost":0.72,"charterIncome":0,"netAnnual":-0.72,"cumulative":-3.18,"residual":5.66},{"year":2030,"yearIdx":4,"opCost":0.68,"charterIncome":0,"netAnnual":-0.68,"cumulative":-3.86,"residual":5.32}],"totalOp":3.86,"totalCharter":0,"net5yr":-3.86,"residualY5":5.32,"netHoldCost":5.79,"netHoldCostPctOfAcq":79.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.25,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.99,"debt":3.26,"rateBps":625,"annualDebtCost":0.2,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$200K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.54,"debt":4.71,"rateBps":625,"annualDebtCost":0.29,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.31,"target":6.6,"ceiling":6.89,"baselineDiscountPct":9,"strategy":"Segment-typical pricing. Standard 9%-off opening leaves room for a clean close near target.","tone":"fair"},"brief":[{"tone":"positive","label":"Standout","body":"Sunseeker is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This modern-era Sunseeker, delivered in 2023 at 29m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Tampa. Presented by Denison Yacht Sales.","v":3}},{"id":"92-horizon","name":"ONE MORE TIME","builder":"Horizon","year":2020,"len":28,"price":6.5,"city":"United States","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/92-horizon","source":"denison","refreshedAt":"2026-05-12T15:42:47.017Z","photoUrl":"https://images.boatsgroup.com/resize/1/89/96/2021-horizon-fd92-power-9508996-20241210080451140-1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032870.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032863.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032864.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032860.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032861.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032735.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032736.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032737.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032738.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032739.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032740.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032741.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032742.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032743.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032869.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032744.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032745.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032746.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032747.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032748.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032749.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032750.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032751.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/6586033cd35aa2ee14e70f51/large_4032752.jpg?auto=format&q=65&h=1"],"brokerFirm":"Denison Yacht Sales","brokerName":"Franklin Denison Jr.","brokerEmail":"skip@denisonyachting.com","brokerPhone":"(954) 806-6225","mmsi":"368347570","callsign":"WDP3673","beam":6,"datalasticUuid":"f875abc9-e24c-819b-0bb2-98eb372d746f","_priv":{"estimate":{"delta":15.56800365383197,"est":5.624394118176389,"label":"Over","cls":"o"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Premium ask · 16% over model","tone":"premium"},"cashflow":{"acquisition":6.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-0.78,"residual":6.11},{"year":2027,"yearIdx":1,"opCost":0.73,"charterIncome":0,"netAnnual":-0.73,"cumulative":-1.51,"residual":5.74},{"year":2028,"yearIdx":2,"opCost":0.69,"charterIncome":0,"netAnnual":-0.69,"cumulative":-2.2,"residual":5.4},{"year":2029,"yearIdx":3,"opCost":0.65,"charterIncome":0,"netAnnual":-0.65,"cumulative":-2.85,"residual":5.08},{"year":2030,"yearIdx":4,"opCost":0.61,"charterIncome":0,"netAnnual":-0.61,"cumulative":-3.46,"residual":4.78}],"totalOp":3.46,"totalCharter":0,"net5yr":-3.46,"residualY5":4.78,"netHoldCost":5.18,"netHoldCostPctOfAcq":79.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":6.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":3.57,"debt":2.93,"rateBps":625,"annualDebtCost":0.18,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$180K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.27,"debt":4.23,"rateBps":625,"annualDebtCost":0.26,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":4.99,"target":5.25,"ceiling":5.51,"baselineDiscountPct":19.3,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 16% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Horizon, delivered in 2020 at 28m has settled into its proven-hull period with full systems history. Lying in United States, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"edmiston-8466","name":"Twilight","builder":"Sunreef Yachts","year":2025,"len":28.6,"price":17.23,"city":"","country":"","sourceUrl":"https://www.edmiston.com/8466/twilight-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:01:14.524Z","photoUrl":"https://origin.edmiston.com/lib/image/34c20011edee9202ebc738b687bea1a41262e77c/20c82789b5b2969adc77470a3187e3f4.jpg?x=1200&y=630&crop","photos":["https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4967846.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4854323.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4854322.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4854324.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4854325.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4854326.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4854321.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4764180.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765610.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765609.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765618.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4764209.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765611.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765613.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765614.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765615.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765617.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765620.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4764224.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765621.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765612.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765619.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765622.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/68b20c61f72378e261244701/large_4765624.jpg?auto=format&q=65&h=1"],"lastAisCoord":{"lat":43.51323,"lon":7.05604,"ts":"2026-05-16T17:55:56.640Z","sog":null},"coordPrecision":"live-ais","lat":43.51323,"lon":7.05604,"_priv":{"estimate":{"delta":121.86119785124474,"est":7.76611690862343,"label":"Over","cls":"o"},"listing":{"score":73,"tone":"sparse","label":"Sparse listing · 3 gaps","gaps":["No engine hours","No location","No broker identified"]},"deal":{"verdict":"Premium ask · 122% over model","tone":"premium"},"cashflow":{"acquisition":17.23,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":2.07,"charterIncome":0,"netAnnual":-2.07,"cumulative":-2.07,"residual":15.68},{"year":2027,"yearIdx":1,"opCost":1.88,"charterIncome":0,"netAnnual":-1.88,"cumulative":-3.95,"residual":14.27},{"year":2028,"yearIdx":2,"opCost":1.71,"charterIncome":0,"netAnnual":-1.71,"cumulative":-5.66,"residual":13.41},{"year":2029,"yearIdx":3,"opCost":1.61,"charterIncome":0,"netAnnual":-1.61,"cumulative":-7.27,"residual":12.61},{"year":2030,"yearIdx":4,"opCost":1.51,"charterIncome":0,"netAnnual":-1.51,"cumulative":-8.78,"residual":11.85}],"totalOp":8.78,"totalCharter":0,"net5yr":-8.78,"residualY5":11.85,"netHoldCost":14.16,"netHoldCostPctOfAcq":82.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 82% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":17.23,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":9.48,"debt":7.75,"rateBps":625,"annualDebtCost":0.48,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$480K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":6.03,"debt":11.2,"rateBps":625,"annualDebtCost":0.7,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":11.03,"target":11.72,"ceiling":12.41,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Current-generation hull — barely campaigned, full OEM warranty likely still active."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 122% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This current-generation Sunreef Yachts, delivered in 2025 at 29m is barely campaigned and reflects current build standards.","v":3}},{"id":"edmiston-2548","name":"Blondie","builder":"Van der Valk","year":2020,"len":28.5,"price":10.9,"city":"Miami Beach","country":"","sourceUrl":"https://www.edmiston.com/2548/blondie-yacht-for-sale/","source":"edmiston","refreshedAt":"2026-05-16T16:10:54.133Z","photoUrl":"https://origin.edmiston.com/lib/image/706d300f42ffd8d30ed84991ee6392f1671f459c/no-rib-BLONDIE+Aerials+HI+Res-9.png?x=1200&y=630&crop","photos":["https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/d6ab2b94d16b1ec0.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/c7d830e7ce98b22c.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/b7c53ee5b936010a.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/fa8021c0fe5aad5e.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/a79f278b85a44b46.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/95eb3217685d8b92.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/a67269cc6099dce6.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/b1ae63934f6ac642.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/b4c89959aaa655ae.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/9bd4611ce32d7271.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/8d8b71d6a010aefe.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/cf031ce90db199ce.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/ce3e6909dad0364b.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/e6d52f0941b6994b.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/bbc33c1cc383631e.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/8be6686e6e4bb640.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/8b977f488048f27e.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/ad967a7606266731.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/ec0cc19eb4b92c67.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/f08dc57e8ca14f46.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/e08e92f11c67e5b8.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/fb0d94332d6e244d.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/eaceb5388ab34a49.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/api/431296/a6a0dd6b0246f99d.jpg?auto=format&q=65&h=1"],"lastAisCoord":{"lat":38.75388,"lon":-76.53346,"ts":"2026-05-16T14:31:00.235Z","sog":null},"coordPrecision":"last-ais","lat":38.75388,"lon":-76.53346,"_priv":{"estimate":{"delta":76.43075483520832,"est":6.178061194705498,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 76% over model","tone":"premium"},"cashflow":{"acquisition":10.9,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1.31,"charterIncome":0,"netAnnual":-1.31,"cumulative":-1.31,"residual":10.25},{"year":2027,"yearIdx":1,"opCost":1.23,"charterIncome":0,"netAnnual":-1.23,"cumulative":-2.54,"residual":9.63},{"year":2028,"yearIdx":2,"opCost":1.16,"charterIncome":0,"netAnnual":-1.16,"cumulative":-3.7,"residual":9.05},{"year":2029,"yearIdx":3,"opCost":1.09,"charterIncome":0,"netAnnual":-1.09,"cumulative":-4.79,"residual":8.51},{"year":2030,"yearIdx":4,"opCost":1.02,"charterIncome":0,"netAnnual":-1.02,"cumulative":-5.81,"residual":8}],"totalOp":5.81,"totalCharter":0,"net5yr":-5.81,"residualY5":8,"netHoldCost":8.71,"netHoldCostPctOfAcq":79.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":10.9,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":5.99,"debt":4.91,"rateBps":625,"annualDebtCost":0.31,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$310K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":3.81,"debt":7.09,"rateBps":625,"annualDebtCost":0.44,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.98,"target":7.41,"ceiling":7.85,"baselineDiscountPct":32,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 76% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Van Der Valk, delivered in 2020 at 29m has settled into its proven-hull period with full systems history. Lying in Miami Beach.","v":3}},{"id":"burgess-10003293","name":"QUEEN B SPORT","builder":"Pershing","year":2020,"len":28.1,"price":8.37,"city":"Caribbean","country":"Italy","sourceUrl":"https://www.burgessyachts.com/en/buy-a-yacht/yachts-for-sale/queen-b-sport-10003293","source":"burgess","photos":["https://www.burgessyachts.com/web/vb/crop/5192096/y_-1_full.jpg?width=1125&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5190744/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203621/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203602/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203622/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203604/y_-1_full.jpg?width=381&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203619/y_-1_full.jpg?width=792&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203620/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203608/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203609/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203614/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203615/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203611/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203607/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203597/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203595/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203594/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203600/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203596/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203588/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5203592/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5190751/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5190745/y_-1_full.jpg?width=1200&format=webp&quality=60","https://www.burgessyachts.com/web/vb/crop/5190746/y_-1_full.jpg?width=1200&format=webp&quality=60"],"refreshedAt":"2026-05-16T17:56:03.214Z","photoUrl":"https://www.burgessyachts.com/web/vb/crop/5192096/y_-1_full.jpg?width=1125&format=webp&quality=60","lastAisCoord":{"lat":18.0381,"lon":-63.08495,"ts":"2026-05-16T16:45:59.465Z","sog":null},"coordPrecision":"last-ais","lat":18.0381,"lon":-63.08495,"mmsi":"319194400","callsign":"ZGKS5","beam":6,"datalasticUuid":"b3978f6d-aeaa-123b-b2d2-296b23732615","_priv":{"estimate":{"delta":26.537506947204143,"est":6.614639565715685,"label":"Over","cls":"o"},"listing":{"score":82,"tone":"verified","label":"Verified listing · 2 minor gaps","gaps":["No engine hours","No broker identified"]},"deal":{"verdict":"Premium ask · 27% over model","tone":"premium"},"cashflow":{"acquisition":8.37,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":1,"charterIncome":0,"netAnnual":-1,"cumulative":-1,"residual":7.87},{"year":2027,"yearIdx":1,"opCost":0.94,"charterIncome":0,"netAnnual":-0.94,"cumulative":-1.94,"residual":7.4},{"year":2028,"yearIdx":2,"opCost":0.89,"charterIncome":0,"netAnnual":-0.89,"cumulative":-2.83,"residual":6.96},{"year":2029,"yearIdx":3,"opCost":0.84,"charterIncome":0,"netAnnual":-0.84,"cumulative":-3.67,"residual":6.54},{"year":2030,"yearIdx":4,"opCost":0.78,"charterIncome":0,"netAnnual":-0.78,"cumulative":-4.45,"residual":6.15}],"totalOp":4.45,"totalCharter":0,"net5yr":-4.45,"residualY5":6.15,"netHoldCost":6.67,"netHoldCostPctOfAcq":79.7,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":8.37,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.6,"debt":3.77,"rateBps":625,"annualDebtCost":0.24,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$240K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.93,"debt":5.44,"rateBps":625,"annualDebtCost":0.34,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":5.96,"target":6.3,"ceiling":6.63,"baselineDiscountPct":24.8,"strategy":"Significantly over our model. Anchor low and let comparable sales do the work.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Pershing is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Listed 27% above our 5-model fair-value estimate — strong opening to anchor below ask citing comparable closes."}],"editorial":"This established Pershing, delivered in 2020 at 28m has settled into its proven-hull period with full systems history. Lying in Caribbean, Italy.","v":3}},{"id":"silver-mama-92-ab","name":"SILVER MAMA","builder":"Ab","year":2008,"len":28,"price":2,"city":"Miami Beach","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/silver-mama-92-ab","source":"denison","refreshedAt":"2026-05-14T03:00:24.943Z","photoUrl":"https://images.boatsgroup.com/resize/1/77/79/8557779_20221017095347169_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_822f472a.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_9f89cd8a_4.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_6b897f76_2.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_4783ecc2_7.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_04905364_9.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_2dbd8b9b_15.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_d8d3c42f_13.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_ccef3134_8.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_4e27d047_7.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_0ae6e691_18.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_09365141_17.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_e0163592_10.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_726fdaa7_21.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_d66cbb28_3.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_0abc0a98_12.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_a301bb29_11.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_78112c96_19.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_c284af0b_46.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_9298ff4b_16.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_a5b9f1e5_14.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_35ff049b_8.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_0e06c1c2_45.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_267df5a8_42.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/eIERzRgmR1/6345e9b6fe298c52fd45471c/2793528_58da8916_44.jpg?auto=format&q=65&h=1"],"brokerFirm":"Denison Yacht Sales","mmsi":"338476000","callsign":"WDQ3609","beam":6,"datalasticUuid":"57da745d-07c8-51fc-f30c-8a51a2c5e062","_priv":{"estimate":{"delta":-50.229859503614726,"est":4.0184736873412215,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 50% under model","tone":"strong-buy"},"cashflow":{"acquisition":2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.24,"charterIncome":0,"netAnnual":-0.24,"cumulative":-0.24,"residual":1.91},{"year":2027,"yearIdx":1,"opCost":0.23,"charterIncome":0,"netAnnual":-0.23,"cumulative":-0.47,"residual":1.82},{"year":2028,"yearIdx":2,"opCost":0.22,"charterIncome":0,"netAnnual":-0.22,"cumulative":-0.69,"residual":1.74},{"year":2029,"yearIdx":3,"opCost":0.21,"charterIncome":0,"netAnnual":-0.21,"cumulative":-0.9,"residual":1.66},{"year":2030,"yearIdx":4,"opCost":0.2,"charterIncome":0,"netAnnual":-0.2,"cumulative":-1.1,"residual":1.59}],"totalOp":1.1,"totalCharter":0,"net5yr":-1.1,"residualY5":1.59,"netHoldCost":1.51,"netHoldCostPctOfAcq":75.5,"verdict":"Private use, no charter income modelled. Effective hold cost: 76% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 35% LTV","cashAtClose":1.3,"debt":0.7,"rateBps":700,"annualDebtCost":0.05,"thesis":"35% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$50K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":0.7,"debt":1.3,"rateBps":700,"annualDebtCost":0.09,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":1.68,"target":1.76,"ceiling":1.84,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"18-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 50% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ab, delivered in 2008 at 28m represents the classic-platform era with a documented owner timeline. Lying in Miami Beach, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"new-life-92-lazzara","name":"NEW LIFE","builder":"Lazzara","year":2009,"len":28,"price":3.29,"city":"FL","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/new-life-92-lazzara","source":"denison","refreshedAt":"2026-05-13T07:00:56.690Z","photoUrl":"https://images.boatsgroup.com/resize/1/70/65/7687065_20201216193241353_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/c3bd1d4997bf6852.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/97e93d1662ebbc14.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/93b42c5313e9c81b.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/c2c1799ec17c8e41.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/ae8f3179c78c1c1b.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/93ea3f95486eb6c1.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/e2be39e1cf1ab086.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/a4da18650eb2f90f.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/f08d2d3f96e06cf2.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/8e9933c60c31e7b8.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/bcbb0d32c44bc4e7.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/d53f2ac0f577021e.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/d62d7ad0869cd969.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/c13ed1511299dd82.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/b48d8ac227e0fdf9.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/86b916013d990998.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/e1269b4a59e9f204.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/98a987d2a1d75a05.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/97ddd29d42d37a36.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/b5ee1baa9089da3a.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/f5cd35d3456de006.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/ddea7b42055a6881.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/d71ac592ddb7e92c.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/bCBmVXZt/etl/0af9fd5e-9b54-ec11-8c62-000d3a5bcd67/b9a3f4fce716a5e9.jpg?auto=format&q=65&h=1"],"brokerFirm":"Denison Yacht Sales","lastAisCoord":{"lat":43.78372,"lon":7.51866,"ts":"2026-05-16T18:01:13.842Z","sog":null},"coordPrecision":"live-ais","lat":43.78372,"lon":7.51866,"mmsi":"367427000","callsign":"WDN2614","beam":7,"datalasticUuid":"3b91b475-6b9e-958a-6874-cd985376e05c","_priv":{"estimate":{"delta":-20.74801907917593,"est":4.151315792707873,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 21% under model","tone":"strong-buy"},"cashflow":{"acquisition":3.29,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.39,"charterIncome":0,"netAnnual":-0.39,"cumulative":-0.39,"residual":3.14},{"year":2027,"yearIdx":1,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-0.77,"residual":3},{"year":2028,"yearIdx":2,"opCost":0.36,"charterIncome":0,"netAnnual":-0.36,"cumulative":-1.13,"residual":2.86},{"year":2029,"yearIdx":3,"opCost":0.34,"charterIncome":0,"netAnnual":-0.34,"cumulative":-1.47,"residual":2.73},{"year":2030,"yearIdx":4,"opCost":0.33,"charterIncome":0,"netAnnual":-0.33,"cumulative":-1.8,"residual":2.61}],"totalOp":1.8,"totalCharter":0,"net5yr":-1.8,"residualY5":2.61,"netHoldCost":2.48,"netHoldCostPctOfAcq":75.4,"verdict":"Private use, no charter income modelled. Effective hold cost: 75% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":3.29,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":1.81,"debt":1.48,"rateBps":700,"annualDebtCost":0.1,"thesis":"45% LTV at ~7.00% from a maritime specialist lender. Carrying cost ~$100K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.15,"debt":2.14,"rateBps":700,"annualDebtCost":0.15,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[{"lever":"Heritage-era systems overhang","rationale":"Stabiliser hydraulics, AV/IT infrastructure, and tank coatings are all at refresh windows. The next owner pays.","strength":"strong","pointsOff":"6-12%"},{"lever":"Resale liquidity below tier-A","rationale":"Non-tier-A heritage hulls clear slowly. Sellers face a thin buyer pool — patience is on your side.","strength":"moderate","pointsOff":"4-8%"}],"bidIntel":{"opening":2.76,"target":2.89,"ceiling":3.02,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Listed by an established brokerage; reasonable disclosure expected on diligence requests."},{"tone":"caution","label":"Watch","body":"17-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 21% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Lazzara, delivered in 2009 at 28m represents the classic-platform era with a documented owner timeline. Lying in Fl, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"stallion-92-pershing-III","name":"STALLION","builder":"Pershing III","year":2022,"len":28,"price":7.5,"city":"Fort Lauderdale","country":"USA","sourceUrl":"https://www.denisonyachtsales.com/yachts-for-sale/stallion-92-pershing-III","source":"denison","refreshedAt":"2026-05-12T15:36:54.768Z","photoUrl":"https://images.boatsgroup.com/resize/1/34/55/9063455_20231018083644485_1_XLARGE.jpg?w=420&h=250&format=webp","photos":["https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841938.jpg?w=1200&fit=crop&ar=1%3A1&auto=format","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841939.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841940.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841941.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841942.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841943.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841944.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841945.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841946.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841947.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841948.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841949.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841950.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841951.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841952.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841953.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841954.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841955.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841956.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841957.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841958.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841959.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841960.jpg?auto=format&q=65&h=1","https://images.northropandjohnson.com/yacht/9L26NfVdj6/64af0e9299f446317939d553/large_3841961.jpg?auto=format&q=65&h=1"],"brokerFirm":"Denison Yacht Sales","brokerName":"Brian Nobles","brokerEmail":"brian@denisonyachting.com","brokerPhone":"(315) 427-4177","lastAisCoord":{"lat":29.76088,"lon":-95.10662,"ts":"2026-05-16T16:26:07.348Z","sog":6},"coordPrecision":"last-ais","lat":29.76088,"lon":-95.10662,"mmsi":"368233520","callsign":"WDM7383","beam":6,"datalasticUuid":"c3f17f93-688d-0868-7dfb-d8e9ef7a6d36","_priv":{"estimate":{"delta":7.099993132038905,"est":7.0028015695141805,"label":"Fair","cls":"f"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":null,"cashflow":{"acquisition":7.5,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.9,"charterIncome":0,"netAnnual":-0.9,"cumulative":-0.9,"residual":7.05},{"year":2027,"yearIdx":1,"opCost":0.85,"charterIncome":0,"netAnnual":-0.85,"cumulative":-1.75,"residual":6.63},{"year":2028,"yearIdx":2,"opCost":0.8,"charterIncome":0,"netAnnual":-0.8,"cumulative":-2.55,"residual":6.23},{"year":2029,"yearIdx":3,"opCost":0.75,"charterIncome":0,"netAnnual":-0.75,"cumulative":-3.3,"residual":5.86},{"year":2030,"yearIdx":4,"opCost":0.7,"charterIncome":0,"netAnnual":-0.7,"cumulative":-4,"residual":5.51}],"totalOp":4,"totalCharter":0,"net5yr":-4,"residualY5":5.51,"netHoldCost":5.99,"netHoldCostPctOfAcq":79.9,"verdict":"Private use, no charter income modelled. Effective hold cost: 80% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":7.5,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":4.12,"debt":3.38,"rateBps":625,"annualDebtCost":0.21,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$210K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":2.63,"debt":4.87,"rateBps":625,"annualDebtCost":0.3,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":6.46,"target":6.76,"ceiling":7.06,"baselineDiscountPct":9.8,"strategy":"Soft market signal — ask is above our model. Lead with the data; sellers move on facts.","tone":"soft"},"brief":[{"tone":"positive","label":"Standout","body":"Pershing III is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"Flag and class society details not disclosed — confirm registry status and any outstanding class conditions early."},{"tone":"tactical","label":"Leverage","body":"Typical segment behavior: opening offers land 7-12% under ask; tighten as survey results inform."}],"editorial":"This modern-era Pershing Iii, delivered in 2022 at 28m runs contemporary mechanicals and reads modern across the deckhouse. Lying in Fort Lauderdale, Usa. Presented by Denison Yacht Sales.","v":3}},{"id":"iyba-2850464","name":"One & Only","builder":"Ferretti Custom Line","year":2012,"len":30.5,"price":4.2,"city":"Fort Lauderdale","state":"Florida","country":"United States","zip":"33316","desc":"One and Only is one of the best values in the 5 stateroom, master on deck yacht market currently available. A beam of 23'8\" gives this 100' yacht a more voluminous feel than comparable sized yachts. Large windows, both on the main deck and in each of the lower staterooms, allow natural light to flood the spaces adding to this feel of a larger boats.  Updates have been consistent for the most recent owner, never one to cut corners in the care of the vessel. Most recently in 2025, she received both 50 kW Kohler generators completely rebuilt and zeroed, new carpeting throughout and hardwood flooring in the main deck. Teak decks have been replaced on the swim platform and the hull was repainted in 2023. Exterior upholstery has also been replaced in the past few years. \r\n\r\n\r\n\r\nHighlights Include:\r\n\r\nFive staterooms for up to 12 guests, including a full-beam master suite on the main deck\r\n\r\nZero-speed GRYO stabilizers (Mitsubishi ARG) for maximum comfort underway and at anchor + NAIAD fin stabilizers \r\n\r\nPowerful twin MTU 16V 2000 M94 engines (2,639 HP each), capable of 25 knot top speeds\r\n\r\nExpansive flybridge with sunpads, dining, and lounge space\r\n\r\nFold-out balcony off the main salon for a seamless indoor-outdoor experience\r\n\r\nHydraulic swim platform and tender garage for easy water access, teak decks, and retractable skyroof\r\n\r\nCrew accommodations for 5–6 with a private captain’s cabin and separate galley access\r\n\r\nSophisticated navigation suite with Raymarine electronics, bow/stern thrusters, and full yacht management systems\r\n\r\nBuilt to RINA classification and maintained to impeccable standards, she also features twin 50 kW Kohler generators,(which were recently rebuilt) a 360 L/h Idromar watermaker, and a 250,000 BTU tropical-grade air conditioning system.\r\n\r\n\r\n\r\nAward-Winning Design:\r\n\r\n“Motor Boat of the Year 2012” – Custom Yacht Category\r\n\r\n“Best Layout” at the Cannes Boat Show – Flybridge Yachts Over 24m\r\n\r\n\r\n\r\nNOT FOR SALE TO US RESIDENTS IN US WATERS","summary":"One and Only is one of the best values in the 5 stateroom, master on deck yacht market currently available. A beam of 23'8\" gives this 100' yacht a more voluminous feel than comparable sized yachts. Large windows, both on the main deck and in each of the lower staterooms, allow natural light to flood the spaces adding to this feel of a larger boats.  Updates have been consistent for the most recent owner, never one to cut corners in the care of the vessel. Most recently in 2025, she received both 50 kW Kohler generators completely rebuilt and zeroed, new carpeting throughout and hardwood flooring in the main deck. Teak decks have been replaced on the swim platform and the hull was repainted in 2023. Exterior upholstery has also been replaced in the past few years. \r\n\r\n\r\n\r\nHighlights Include:\r\n\r\nFive staterooms for up to 12 guests, including a full-beam master suite on the main deck\r\n\r\nZero-speed GRYO stabilizers (Mitsubishi ARG) for maximum comfort underway and at anchor + NAIAD fin stabilizers \r\n\r\nPowerful twin MTU 16V 2000 M94 engines (2,639 HP each), capable of 25 knot top speeds\r\n\r\nExpansive flybridge with sunpads, dining, and lounge space\r\n\r\nFold-out balcony off the main salon for a seamless indoor-outdoor experience\r\n\r\nHydraulic swim platform and tender garage for easy water access, teak decks, and retractable skyroof\r\n\r\nCrew accommodations for 5–6 with a private captain’s cabin and separate galley access\r\n\r\nSophisticated navigation suite with Raymarine electronics, bow/stern thrusters, and full yacht management systems\r\n\r\nBuilt to RINA classification and maintained to impeccable standards, she also features twin 50 kW Kohler generators,(which were recently rebuilt) a 360 L/h Idromar watermaker, and a 250,000 BTU tropical-grade air conditioning system.\r\n\r\n\r\n\r\nAward-Winning Design:\r\n\r\n“Motor Boat of the Year 2012” – Custom Yacht Category\r\n\r\n“Best Layout” at the Cannes Boat Show – Flybridge Yachts Over 24m\r\n\r\n\r\n\r\nNOT FOR SALE TO US RESIDENTS IN US WATERS","brokerName":"Kevin Frawley","brokerFirm":"Resolute Yachting","brokerEmail":"Kevin@resoluteyachting.com","brokerPhone":"1-954-790-0372","photoUrl":"https://cdn.yachtbroker.org/images/2850464_c7778d16.jpg","photos":["https://cdn.yachtbroker.org/images/2850464_c7778d16.jpg","https://cdn.yachtbroker.org/images/2850464_453942c6_1.jpg","https://cdn.yachtbroker.org/images/2850464_67d593e5_2.jpg","https://cdn.yachtbroker.org/images/2850464_52881b77_3.jpg","https://cdn.yachtbroker.org/images/2850464_cd034f7d_4.jpg","https://cdn.yachtbroker.org/images/2850464_53d69e8c_5.jpg","https://cdn.yachtbroker.org/images/2850464_8bbc929b_6.jpg","https://cdn.yachtbroker.org/images/2850464_a7d5f733_7.jpg","https://cdn.yachtbroker.org/images/2850464_b55c8ed6_8.jpg","https://cdn.yachtbroker.org/images/2850464_453c7339_9.jpg","https://cdn.yachtbroker.org/images/2850464_4af687e1_10.jpg","https://cdn.yachtbroker.org/images/2850464_517ee8f5_11.jpg","https://cdn.yachtbroker.org/images/2850464_077d83bc_12.jpg","https://cdn.yachtbroker.org/images/2850464_b642c0ed_13.jpg","https://cdn.yachtbroker.org/images/2850464_aa8e2c25_14.jpg","https://cdn.yachtbroker.org/images/2850464_70a4a2aa_15.jpg","https://cdn.yachtbroker.org/images/2850464_c0bcfb9f_16.jpg","https://cdn.yachtbroker.org/images/2850464_796c1b1e_17.jpg","https://cdn.yachtbroker.org/images/2850464_5dfaa087_18.jpg","https://cdn.yachtbroker.org/images/2850464_333a9ecd_19.jpg"],"category":"Motor Yachts","sourceUrl":"https://api.yachtbroker.org/vessel?id=2850464","source":"iyba","refreshedAt":"2026-05-14T18:50:40.278623Z","beamMeters":7.01,"draftMeters":1.98,"hullMaterial":"Fiberglass","hullShape":"Semi Displacement","grossTonnage":null,"cabinCount":5,"headCount":null,"sleepCount":12,"crewSleepCount":5,"cruiseSpeed":18,"maximumSpeed":24,"rangeNMI":null,"fuelCapacityLiters":14702.53,"freshWaterCapacityLiters":3001.83,"fuelType":"Diesel","engineCount":null,"engineMake":null,"engineModel":null,"engineYear":null,"enginePowerHP":null,"engineHours":null,"generatorCount":null,"stabilizers":"Standard and Zero Speed","stabilizerBrand":"GYROS & FINS","thrusters":"bow","bowThrusters":true,"sternThrusters":false,"ac":true,"helideck":false,"deckJacuzzi":false,"seaKeeper":false,"elevator":false,"refitYear":2023,"flag":"United Kingdom","listingType":"Central/Exclusive","updatedTimestamp":"2026-05-13 14:51:51","createdTimestamp":"2026-05-12 15:11:38","lastPriceChange":{"oldPrice":0,"newPrice":4199000,"currency":"USD","dateTime":"2026-05-13T14:51:51.000000Z"},"priceCurrency":"USD","priceEuro":3577220,"priceGBP":3101902,"priceCAD":5750564,"condition":"Used","saleInUSWaters":false,"videoIds":[{"ID":208821,"YoutubeVideoTitle":"100 Custom Line 2012 - One and Only","YoutubeVideoID":"3KL3dCSYeek","Sort":1}],"_priv":{"estimate":{"delta":-31.505637343659004,"est":6.131891497513156,"label":"Under","cls":"u"},"listing":{"score":91,"tone":"verified","label":"Verified listing · 1 minor gap","gaps":["No engine hours"]},"deal":{"verdict":"Strong value · 32% under model","tone":"strong-buy"},"cashflow":{"acquisition":4.2,"isPOA":false,"rows":[{"year":2026,"yearIdx":0,"opCost":0.42,"charterIncome":0,"netAnnual":-0.42,"cumulative":-0.42,"residual":4.01},{"year":2027,"yearIdx":1,"opCost":0.4,"charterIncome":0,"netAnnual":-0.4,"cumulative":-0.82,"residual":3.83},{"year":2028,"yearIdx":2,"opCost":0.38,"charterIncome":0,"netAnnual":-0.38,"cumulative":-1.2,"residual":3.66},{"year":2029,"yearIdx":3,"opCost":0.37,"charterIncome":0,"netAnnual":-0.37,"cumulative":-1.57,"residual":3.5},{"year":2030,"yearIdx":4,"opCost":0.35,"charterIncome":0,"netAnnual":-0.35,"cumulative":-1.92,"residual":3.34}],"totalOp":1.92,"totalCharter":0,"net5yr":-1.92,"residualY5":3.34,"netHoldCost":2.78,"netHoldCostPctOfAcq":66.2,"verdict":"Private use, no charter income modelled. Effective hold cost: 66% of acquisition over 5 years.","tone":"firm"},"capStack":[{"label":"Full equity","shortLabel":"CASH · TIER A","cashAtClose":4.2,"debt":0,"thesis":"Cleanest close, fastest title transfer, no covenants. The default for first-time superyacht buyers and any deal closing in under 30 days.","tone":"simple"},{"label":"Marine mortgage","shortLabel":"LEVERAGE · 45% LTV","cashAtClose":2.31,"debt":1.89,"rateBps":625,"annualDebtCost":0.12,"thesis":"45% LTV at ~6.25% from a maritime specialist lender. Carrying cost ~$120K/yr on the debt — covenants include annual surveys and minimum hull insurance.","tone":"leverage"},{"label":"Charter LLC","shortLabel":"TAX · CHARTER OFFSET","cashAtClose":1.47,"debt":2.73,"rateBps":625,"annualDebtCost":0.17,"thesis":"BVI / Marshall Islands LLC takes title; marine mortgage on the balance. Charter revenue offsets ~30-50% of carry and unlocks VAT-paid status in the EU once the commercial threshold is cleared. Needs a maritime tax advisor before close.","tone":"tax"}],"levers":[],"bidIntel":{"opening":3.52,"target":3.69,"ceiling":3.86,"baselineDiscountPct":12.1,"strategy":"Seller likely firm — yacht already prices under our model. Approach respectfully and lead with a clean offer.","tone":"firm"},"brief":[{"tone":"positive","label":"Standout","body":"Ferretti Custom Line is a recognized production-tier name with established service networks across major basins."},{"tone":"caution","label":"Watch","body":"14-year-old hull approaching the mid-life refit window — factor a $2-5M refit budget into total cost."},{"tone":"tactical","label":"Leverage","body":"Asking is 32% under model — seller may already be motivated; consider tightening offer to limit competitive bidders."}],"editorial":"This heritage Ferretti Custom Line, delivered in 2012 at 31m represents the classic-platform era with a documented owner timeline. Lying in Fort Lauderdale, United States. Presented by Resolute Yachting.","v":3}}]}