ALPHARETTA, Ga. – Textron Financial Corp. signed exclusive agreements to originate marina loans with NorthPoint Marina Finance Corp. and Morningstar West, Inc., Textron reported in a press release this week.
The agreements expand Textron Financial’s marina loan origination capability and the company says they also signify an increased commitment to the marina industry.
Textron Financial is a subsidiary of Textron Inc.
“Establishing this solid marina financing presence throughout North America brings Textron Financial closer to its customers so that we can understand and continue to anticipate our clients financing needs,” said Jerry Hinckley, national sales director for Textron Financial’s marina and golf finance programs. “Partnering with NorthPoint and Morningstar West is critical to the growth and development of our marina finance business.”
NorthPoint President Andrew Cantor, based in Atlanta, is responsible for originating marina loans in the U.S. east of the Mississippi River, as well as in eastern Canada and the Caribbean. He has 19 years of real estate industry experience, including 11 years with Textron Financial where he was responsible for starting the company’s marina finance program in 2004.
Frank Limbaugh, president of Morningstar West, is overseeing the origination of marina loans in the U.S. west of the Mississippi River, as well as in western Canada and Mexico. He has over 30 years of experience in structuring financial programs across a range of industries and is based out of Newport Beach, Calif.
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