X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Tue, 18 Feb 2014 10:30:05 -0500 Message-ID: X-Original-Return-Path: Received: from gproxy3-pub.mail.unifiedlayer.com ([69.89.30.42] verified) by logan.com (CommuniGate Pro SMTP 6.0.8) with SMTP id 6737597 for lml@lancaironline.net; Tue, 18 Feb 2014 09:11:33 -0500 Received-SPF: neutral receiver=logan.com; client-ip=69.89.30.42; envelope-from=danny@n107sd.com Received: (qmail 11697 invoked by uid 0); 18 Feb 2014 14:10:59 -0000 Received: from unknown (HELO cmgw4) (10.0.90.85) by gproxy3.mail.unifiedlayer.com with SMTP; 18 Feb 2014 14:10:59 -0000 Received: from host295.hostmonster.com ([66.147.240.95]) by cmgw4 with id TxAt1n00424Brde01xAwQ3; Tue, 18 Feb 2014 14:10:57 -0700 X-Authority-Analysis: v=2.1 cv=Ht/lRSjS c=1 sm=1 tr=0 a=itwRhR3rBUS+Z7KggeyZgQ==:117 a=itwRhR3rBUS+Z7KggeyZgQ==:17 a=DsvgjBjRAAAA:8 a=f5113yIGAAAA:8 a=msN0tlOxMqoA:10 a=eEO7c7Cxe3gA:10 a=KNfte85PAAAA:8 a=5a904Pa029AA:10 a=8wUq0fdrpYsA:10 a=DAwyPP_o2Byb1YXLmDAA:9 a=Zr7miEi8wWIA:10 a=cKsnjEOsciEA:10 a=dOoDZmAWAAAA:8 a=Ia-xEzejAAAA:8 a=u7Gyi1AaVSHTBpHFBgIA:9 a=v_Ju25yX07d1TbIS:21 a=dxv3hQsjXO_ydECG:21 a=CjuIK1q_8ugA:10 a=CVU0O5Kb7MsA:10 a=f-MNE9I93sYA:10 a=yMhMjlubAAAA:8 a=SSmOFEACAAAA:8 a=NhRi7lN7QimNA1lBIBIA:9 a=hs7V9lFDSSRLyDkY:21 a=INUH74YQAlT5sUYz:21 a=l9WigS5DTRVz_fNs:21 a=gKO2Hq4RSVkA:10 a=UiCQ7L4-1S4A:10 a=hTZeC7Yk6K0A:10 a=frz4AuCg-hUA:10 Received: from [98.233.210.64] (port=49707 helo=MININTC0HVUEC) by host295.hostmonster.com with esmtpa (Exim 4.80) (envelope-from ) id 1WFlNt-0003bo-Sh for lml@lancaironline.net; Tue, 18 Feb 2014 07:10:54 -0700 From: "Danny" X-Original-To: "'Lancair Mailing List'" References: In-Reply-To: Subject: RE: [LML] Re: wanted to buy lancair ES X-Original-Date: Tue, 18 Feb 2014 09:10:41 -0500 X-Original-Message-ID: <003a01cf2cb3$36cbfca0$a463f5e0$@n107sd.com> MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_003B_01CF2C89.4DF77B40" X-Mailer: Microsoft Outlook 14.0 Thread-Index: AQDePPPODhjZCKjdEP/qvWAC/7PDvJyc7EmQ Content-Language: en-us X-Identified-User: {3234:host295.hostmonster.com:wunderwe:n107sd.com} {sentby:smtp auth 98.233.210.64 authed with danny@n107sd.com} This is a multipart message in MIME format. ------=_NextPart_000_003B_01CF2C89.4DF77B40 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit That's not true. Go to AOPA for homebuilt loans. Danny LNC2-360 Mk-II Nothing is foolproof to the sufficiently talented fool. From: Hamid Wasti [mailto:hwasti@lm50.com] Sent: Tuesday, February 18, 2014 6:47 AM To: Lancair Mailing List Subject: [LML] Re: wanted to buy lancair ES On 2/17/2014 1:18 PM, Dr. Jamie Fettig DC wrote: Having troule getting financed for experiemental plane (even though I got approved for $200k on a colubmia 350) The reason you will have a really hard time getting a loan against a homebuilt aircraft is insurance. If you are planning to use the the aircraft as a collateral, the lender will want to protect that collateral by requiring that the aircraft be insured. All risk hull insurance for a homebuilt aircraft is expensive and unreliable. Even if you are able to get insurance this year, there is no reasonable expectation that you will be able to get it next year or a few years from now. Your only hope for financing a homebuilt aircraft is to get a loan against some other asset or an unsecured loan. Regards, Hamid -- For archives and unsub http://mail.lancaironline.net:81/lists/lml/List.html ------=_NextPart_000_003B_01CF2C89.4DF77B40 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

That’s not true. Go to AOPA = for homebuilt loans.

Danny

LNC2-360 Mk-II

Nothing is foolproof to the sufficiently = talented fool.

From: Hamid Wasti [mailto:hwasti@lm50.com]
Sent: Tuesday, = February 18, 2014 6:47 AM
To: Lancair Mailing = List
Subject: [LML] Re: wanted to buy lancair = ES

On 2/17/2014 = 1:18 PM, Dr. Jamie Fettig DC wrote:

Having troule getting financed for experiemental plane = (even though I got approved for $200k on a colubmia = 350)

The = reason you will have a really hard time getting a loan against a = homebuilt aircraft is insurance.

If you are planning to = use the the aircraft as a collateral, the lender will want to protect = that collateral by requiring that the aircraft be insured. All risk hull = insurance for a homebuilt aircraft is expensive and unreliable. Even if = you are able to get insurance this year, there is no reasonable = expectation that you will be able to get it next year or a few years = from now.

Your only hope for financing a homebuilt aircraft is = to get a loan against some other asset or an unsecured = loan.

Regards,

Hamid

--

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