trimaran credit

Profile Report

Trimaran Advisors, LLC

Mon 30 Mar, 2020 - 10:41 AM ET

Key Considerations •Established CLO manager that has issued more than $6.8 billion of CLOs since 1998. •Highly seasoned credit team averaging approximately 25 years of experience. •Investment Committee is led by industry veterans like President David Moffitt and CIO/PM, Dominick Mazzitelli. Company •Trimaran merged with LibreMax Capital, LLC (together with affiliated companies, LibreMax) in December 2018. LibreMax is an $8.4 billion investment management firm specializing in structured products and corporate credit. •Trimaran operates as an integrated, credit-based firm with $3.8 billion of AUM across eight CLOs as of Dec. 31, 2019. •Trimaran was founded in 1998 as Caravelle Advisors, LLC and changed its name to Trimaran Advisors, LLC in 2001. •LibreMax provides Trimaran with management oversight, capital markets, marketing and infrastructure support. •Trimaran’s new CLO issuance is supported by CAVU Investment Partners, a dedicated equity sponsorship vehicle. Investments •Credits are reviewed frequently and all portfolio management decisions are determined by the portfolio manager in consultation with the relevant members of the credit team.

The new business line will more than double LibreMax’s current assets under management ($2.9 billion).

During an earnings conference call with analysts last week, KCAP's president and chief executive, Dayl Pearson, gave no indication the CLO business was on the market. But he said KCAP was “open minded” in pursuit of “avenues that generate value and are constantly looking opportunities to bring shareholder value” of its CLO business.

Pearson said KCAP was considering one or two resets of existing CLOs that would extend and amend the terms of tenors of transactions.

Trimaran’s existing management will make the move to Trimaran to continue running the business, including chief investment officer Dominick Mazzitelli.

Anticipated interest rate cuts could help stressed borrowers, but such a shift in monetary policy may curb lending income.

The Onity Loan Investment Trust, series 2024-HB2, is preparing to issue $469.3 million in securitized bonds, with repayment pledged from principal payments from pool of 1,078 reverse mortgage loan and real-estate owned (REO) assets.

Pricing talk includes yields ranging from 4.9% on the AAA, class A1 notes; 5.7% on the AA, class A2 notes; and 6.2% on the AA M1 notes.

Rising property values continue to buffer mortgagors against negative equity situations, Corelogic said.

The action stems from 2017, when the CFPB filed a lawsuit claiming Navient steered borrowers who might have qualified for income-driven repayment plans into more expensive forbearance instead.

The 30-year fixed rate mortgage fell week-to-week by the largest amount since the start of August and are now almost a percentage point lower than a year ago, according to Freddie Mac.

Newsom Signs Laws To Ease California Housing Crisis

How To Afford Buying a Catamaran: Owners Lessons Learned

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The catamaran of your dreams has just shown up on Yachtworld.com. The only question now is where the money will come from to buy it. To help you navigate the options I have asked 100+ owners of catamarans how they purchased their catamaran and what they learned from it!

You can finance a catamaran from your savings, borrow against home equity, or take out a loan from a bank or specialist boat lender. You could also use your stock portfolio as loan collateral . A third way is to use a management program. Before you choose, listen to these owners’ experiences.

In many ways, financing a catamaran is similar to financing a car. The only difference is you may need to borrow more, depending on your choice of catamaran and your down payment. Keep reading as we explore what sailors experienced when they bought their cat.

Table of Contents

Owners Recommend: Use Your Own Savings

This is the number one recommendation I got, I might not totally agree, but this is what most of the respondents answered (~80%), and the main reason was this:

The lesson to be learned is never go into debt for a depreciating asset like a boat. Poll respondent #23

One of the better consequences of the COVID-19 pandemic is that the personal saving rate has increased significantly. At least amongst higher income groups.

So, if you’re one of those people who have stashed away more of your money, those savings could be an excellent way to finance your catamaran. But be cautious: you don’t want to sink all your cash savings into this. You should ensure you’ll have more than enough for contingencies, especially in uncertain times. How much you should keep in cash savings will vary according to your circumstances and who you ask .

If you want to understand the costs of the liveaboard lifestyle, I suggest that you read this article where I summarize the costs of living aboard a cat.

In general, aiming to keep around twelve months’ living expenses is sensible if you’re planning on using savings to fund a luxury purchase. That should give you enough leeway if you hit an unexpected financial storm and need to batten down the hatches.

Saving our butts off to be able to buy it and not use a loan Respondent #56 and her very straight forwards explanation

If you can do that and still have a lot of excess cash in a savings account, using it to finance your catamaran may make sense. That’s because interest rates are so low at the moment, so your savings may not be keeping pace with inflation . Even though borrowing rates are also low, you’ll still pay more to borrow than you’ll earn on your savings. So, if you look at the lost interest as the cost of using your savings, it works out much cheaper than a loan. Or in other words:

I paid cash. If financing is an absolute necessity to buy your boat, you need to reconsider if you can really afford it. Poll respondent #36

Use the Equity in Your Home

If your home is mortgage-free or you have enough equity, financing your catamaran with a home equity loan can be a relatively cheap option.

Some respondents considered this option but non actually did go through with it, the main reason seemed to be that instead of owning a house and boat, they sold the house and used the money to buy a boat. Gabo

Of course, it means your home is collateral for the loan, so you risk losing your home if you fail to make the loan repayments.

However, because your home is security for the loan, you should get a lower interest rate than you’d get on an unsecured loan. Though you may have to shop around to get the best rates.

With this option, you’ll benefit from loan terms that are longer than what is usually given for unsecured loans; you may be able to choose anything from 5 to 30 years, depending on the lender. The term length helps to keep the monthly repayments down.

You should be aware that home equity lenders usually restrict the amount you can borrow. The limit is often to a maximum of 85% of your property’s value. That shouldn’t be a problem if you don’t have an existing mortgage. But if you do, your existing mortgage will reduce the amount you can borrow, and you’ll need to check how much you can borrow to ensure it’s enough to cover the cost of your catamaran.

Also, bear in mind that many home equity loans come with fees payable on closing. There may be other fees to take into account as well, like appraisal costs.

Still, shop around, and you can find home equity loans with no closing fees at both national and regional banks . It pays to do your research.

Unsecured Bank Loan

If you don’t have enough home equity or are uninterested in securing a catamaran loan against your home, another way to get your dream of catamaran ownership afloat is to go for an unsecured bank loan.

One important thing to consider when deciding if an unsecured loan is the amount you can borrow. Many unsecured loans max out at around $50,000, though $100,000 is available from some lenders.

Another factor to bear in mind is most unsecured loans have a maximum term of five to seven years. So, if you’re borrowing a large sum, this option can prove more costly than a secured loan.

On the plus side, like a home equity loan, unsecured loans have fixed repayments, and you know what your monthly commitment will be from the start.

Another advantage is that you’re not using your home as collateral, so it’s not at risk if you fail to meet the repayments. Of course, you could end up with a poor credit rating if you miss repayments; thus it’s still crucial to make certain you can afford the monthly commitment.

If you go down the unsecured loan route, check your lender’s small print for hidden fees. Some lenders charge origination fees, which can add to the overall cost of the loan.

It’s also often helpful to have the option to prepay if you want. Yet know that some lenders charge prepayment fees that can effectively tie you into a loan and prevent you from refinancing it should you find a cheaper option. Again, just check the small print before signing on the dotted line.

An alternative to a standard bank loan to finance your catamaran is a boat loan. These are available from specialist boat lenders and other lenders.

How Does a Boat Loan Differ From a Bank Loan?

With boat loans, you can often use the boat you’re buying as collateral. That translates into potentially lower repayments because the lender has security for the loan in the shape of your boat.

Also, the loan terms are often longer than for standard bank loans, reducing the monthly repayment.

Many boat buyers prefer this type of secured loan over one secured on their home. That’s understandable since the consequences of losing your boat aren’t as dire as losing your home.

The option of a boat loan stirred up a somewhat emotional debate where there seemed to be two sides, one side saying it makes sense since you’ll be able to invest the cash you already have:

Line of credit. Pay interest only. Keep your money working for you. Respondent #87

And the other side presenting an interesting perspective:

I don’t think I could ever look at the horizon in my catamaran and fantasize about just keeping on going while flipping the bird to everything behind me with a bank loan on it. Kind of defeats the purpose for me. I would feel like I’m dragging my hook behind me! Respondent #78 discussing the emotional aspect of taking a loan

Back to the loans! Some specialist boat loans require a downpayment. Meaning you won’t be able to borrow the total cost of the boat. A down payment may range from between 10-20%, and by putting in more capital upfront, you get the benefit of lower repayments.

Be aware, some boat lenders may have conditions around the type and age of the boats they’ll finance. There may also be minimum and maximum loan amounts. With some loans, there may also be fees to pay. Always check the lending terms carefully.

Examples of Available Boat Loans

One lender in the boat loan market is Bank of the West , through its Essex Boat Loan arm. Here are the main points to note about its boat loans:

Its minimum loan is $10,000, with a maximum of $500,000.
Interest rates are higher for smaller loans.
There are down payment requirements that vary depending on the loan amount.
It prefers a credit score of at least 700.
There are processing fees to pay.

If you want fee-free options, they are out there if you shop around. For example, look at Truist , previously SunTrust:

It will lend on new or used boats of 30’ (9m) or more.
The minimum loan is $100,000.
The maximum term is twenty years if you have a 20% downpayment.
They’re one of the lenders that will take your boat as collateral.

If you’re not looking to borrow as much as Truist’s minimum loan, its online lending arm, Lightstream , fills the gap:

It offers boat loans of between $5,000 and $100,000.
Its maximum loan term is forty-eight months.
There’s no restriction on the type or age of boat you can buy.
It doesn’t take your catamaran as collateral.
However, your credit score needs to be good to excellent to qualify for a loan.

These are just some examples of the boat loans available. As you can see, lender’s terms can differ significantly, so shopping around is vital.

Dealer Loan

If you’re buying your boat through a dealer, it’s worth exploring what help they provide on the financing front.

They’ll have experience and knowledge of the boat loan market. Plus, the dealer does all the legwork. This saves you the time of researching available options yourself, making it a very convenient way to get finance for your catamaran. It can also be reassuring to have a hand to hold throughout the process.

Stock Portfolio Loan

If you’ve got a stock portfolio, you might be thinking about liquidating some or all of it to finance your catamaran–certainly a strategy worth looking into. However, if you have a substantial portfolio and want to keep it, consider using it as collateral for a loan. That means your portfolio is security for your loan. (Note: you need a substantial portfolio if you want to finance your catamaran using this type of secured borrowing.)

Some providers allow you to borrow up to 90% of the value of your holdings, but borrowing at such a high loan to value on this type of finance isn’t a good idea. That’s because if your portfolio value drops, you’ll have to reduce your borrowing to maintain the loan-to-value ratio below the provider’s maximum.

If you don’t reduce the borrowing, the provider could sell some of your holdings, which means you won’t necessarily get the best price. There may also be tax implications from the sale.

Indeed, this type of borrowing is not without risk, and it won’t be suitable for everyone.

If you decide to go for it, it’s sensible to limit borrowing to not more than 20% of your portfolio value. This should provide a comfortable buffer to protect against market fluctuations. But remember, even that’s not guaranteed.

Rent Out Your Catamaran

Renting out your catamaran once you’ve bought it is another option you can use to help finance the purchase.

It pays for winter storage and summer dockage, a portion of the boat loan, maintenance. It gets me in the water more even [often]. Great for my taxes. Works for me Respondent #55

The idea is along the same lines as Airbnb. One site through which you can rent out your catamaran is Get My Boat . It allows a boat owner to list their catamaran for short-term rental in return for a fee.

There are a couple of ways to do this. The first is for you to captain the boat during the rental period. The second is to offer bareboat charters where you hand over your catamaran for the agreed rental period.

With the first option, you’ll need to have the time to captain your catamaran for the whole of each rental period.

If you don’t have that sort of time, the second option might suit you better. However, it does mean letting someone else take over your catamaran for the agreed period. So, you’ll want to ensure you have insurance to protect your investment.

Although renting out your catamaran means there’ll be times when it won’t be available for your own use, it’s up to you to accept or reject bookings. So you have some control over when you rent it out and the length of bookings you accept.

You’ll still need to maintain your catamaran and clean between rentals. If you do the cleaning yourself, that’s more of a time investment for you. But if you pay someone else to clean it, that’s an expense that will come out of your rental charges.

However, you can see how you can use this type of scheme to meet all or part of your monthly loan repayments. If you choose to finance your catamaran from your savings, it can provide a way to rebuild those depleted savings fairly quickly.

Whether you captain your catamaran or not, this option for financing your purchase will involve a good deal of your time.

Use an Ownership and Management Program (Chartering)

Around 10% of the respondents said they have good experiences with chartering their cats as a way to stay within budget.

I charter with my boat. Makes the cost make sense Nathan (#86)

If you’re interested in financing your catamaran by renting it out but the time involved is off-putting, this option may be more suitable for you. The idea of an ownership and management program is that you buy your catamaran. Then you allow a company, like Navtours , to charter it out.

That company pays you a fee in return for the use of your boat. And they’re responsible for managing charters, marina fees, and maintenance costs.

The downside of this is that you lose some control over when your catamaran is available for your use. Though many companies should let you choose the type of management agreement you want.

For example, Navtours offers two options: One gives you access to your boat for twelve weeks of the year, the other requires you hand your catamaran over for a more limited time, allowing you to use it as you please for most of the year.

With both options, you can generate an income from your catamaran. That income will be lower under the second option because it’ll be out for charter less of the time.

As with renting, you need to be comfortable with other people using your catamaran. However, with a program like this, you’d be entering into a contract for five years. With the last option, it’s up to you how long you continue renting out your boat.

Things To Think About When Financing a Catamaran

However you choose to finance your catamaran, it’ll involve a significant outlay. Let’s discuss a couple of things you can do if you want to sail through the process smoothly.

What’s Your Intended Use?

If you choose to go with a boat loan, make sure that they allow you to do the things that you intend to do, some loans will have geographical limitations as to where you can go.

Some banks restrict your cruising grounds as they don’t want their collateral sailing away [for example] to Madagascar. Scott (#51)

Check Your Credit Score

As you’ve seen above, if you want a loan to finance your catamaran, you’ll need to meet lenders’ credit score requirements.

Knowing your credit score in advance is important because it helps you rule out some lenders that you know will turn you down, saving you time on unnecessary applications. Also, hard lender inquiries on your credit file might hurt your score.

While some lenders ask for at least a good credit score, others may be less stringent. That’s why you should shop around. An average or even poor credit score needn’t sink your dream of owning a catamaran . If your credit score isn’t quite up to scratch, think about ways to improve it. For example, you could pay down debt to reduce your borrowings or to reduce your credit utilization .

Get a Boat Survey

You’ll need a survey if you’re taking a loan secured on the boat. Though, regardless the way you decide to finance your catamaran, this will be money well spent. Even if you go the unsecured route or finance your catamaran from savings or a home equity loan, a survey will give you peace of mind.

Proceeding without a professional survey is risky. Remember, the catamaran of your dreams may look okay from the outside, but your untrained eye could miss potentially costly issues–a sure way to capsize your dream of owning a catamaran.

As you can see, if you’re looking at how to finance a catamaran, there are several options. Weigh them all up carefully and don’t go full steam ahead into anything. Take your time to steer a steady course through the available options to find one that suits you.

Remember, don’t use savings if it’ll leave you short of cash to deal with life’s headwinds. If you’re borrowing, shop around for the best rates and terms. In particular, give a wide berth to loans that tie you in with penalties for early repayment. Good luck and happy sailing!

And remember BOAT actually means Break Out Another Thousand! 😉

So what does it cost to maintain a catamaran?

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Owner of CatamaranFreedom.com. A minimalist that has lived in a caravan in Sweden, 35ft Monohull in the Bahamas, and right now in his self-built Van. He just started the next adventure, to circumnavigate the world on a Catamaran!

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LibreMax Capital LLC has announced that it has entered into an agreement to acquire Trimaran Advisors from KCAP Financial.

Trimaran currently manages six CLOs totaling about $3 billion in assets.

Following the transaction, Dominick Mazzitelli , Chief Investment Officer and head of the firm’s CLO platform, will continue to lead that business alongside the existing management team.

LibreMax Capital is a New York–based asset manager with around $2.9 billion that specializes in structured credit. LibreMax’s CIO is Greg Lippmann , who was previously the global head of Asset Backed Securities Trading at Deutsche Bank.

Closing is expected around year-end with Schulte Roth & Zabel LLP serving as legal counsel for LibreMax. — Andrew Park

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		There are 2 companies that go by the name of Trimaran Credit Opportunities, LLC. These companies are located in New York NY and Wilmington DE.



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The complete list of trimarans.

There is no single trimaran that is best for everyone. Where some prefer luxury cruisers for long trips with family and friends, others might opt for a high performance racing tri for thrilling rides at breakneck speeds. With the recent spike in trimaran popularity, these days there is a perfect tri for every sailor. So to help prospective trimaran owners decide which boat is just right for them, we here at WindRider have put together a comprehensive list of the best trimarans on the market today! Read through for simple at-a-glance trimaran comparisons of boats both big and small, exhilarating and relaxing, and for all price points.

Jump to a specific sailing trimaran: Neel Weta Corsair WindRider Dragonfly Catri Astus Hobie Sea Pearl Farrier Sea Cart Multi 23 Triak SeaRail Warren Lightcraft Diam Radikal Challenger

Known for their award-winning luxury trimarans, NEEL is based in La Rochelle, the capital city of sailing in France. NEEL trimarans are built for fast cruising with an average cruising speed of about 10 knots, and are even configured to facilitate that sustained speed under motor propulsion. The NEEL 45 was notably named Cruising World’s Most Innovative Vessel in 2013, and by all accounts is an easy-to-sail, high performance boat that is just plain fun.

At a glance:

Models: NEEL 45, 65

Length: 45’ – 65’

Cost: $$$$$

Use: Luxury cruiser

A fan favorite, Weta trimarans are fast, stable, and remarkably easy to rig. This single-sailor tri has a capacity of up to three, and the ease with which it can be transported and stored makes this a great, versatile boat for beginners. The Weta was named Sailing World’s 2010 Boat of the Year, and one ride is enough to know why: simply put, the Weta is an absolute ton of fun to sail regardless of skill level.

Models: Weta

Length: 14’5”

Cost: $$ $$$

The high-end Corsair trimaran definitely holds its own in the categories of versatility, performance, and convenience. Boasting a rigging time of 30 minutes from trailer to sailor , the Corsair 42 – whose convenient folding amas makes trailering possible – is a simple option even for single sailors, though cabin space is suitable for two adults. These boats are wicked fast, capable of reaching speeds of 20+ knots, and were made for skilled sailors seeking solid construction and high performance vessels, not for beginners.

Models: Pulse 600, Sprint 750 MKII, Dash 750 MKII, Corsair 28, Cruze 970, Corsair 37, Corsair 42

Length: 19’8” – 37’

Cost: $$$$ $

Use: Sports cruisers

Built for the sailor who wants to maximize the joys of sailing while minimizing any hassle, WindRider trimarans are notoriously fast, very safe, and a blast to sail from start to finish. With several models that can hold between 1 and 6 riders, including adaptive designs to allow participation from sailors of all levels of mobility, there’s something to suit every sailor’s needs. The WindRider 17, an exhilarating ride perfect for families or camper sailors, has been known to reach speeds of up to 20mph. This easy day sailor goes from trailer to sailing in under 30 minutes and is sure to fit in perfectly with whatever adventures you have planned.

Models: WR 16, 17, Tango, Rave V

Length: 10’11” – 18’3”

Cost: $ $$$$

Use: Day sailor

The Danish-built Dragonfly trimarans come in a variety of models ranging from 25’ – 35’, all known for their spry performance, comfortable ride, and ease of use. Every model comes equipped with the unique “SwingWing” feature, a motorized system that can unfold the amas even while the boat is already underway – making it accessible to marinas and slips, and even makes trailering possible. Perfect for those who don’t want to sacrifice their comfort for high performance, the Dragonfly can breeze along at 13 knots while remaining one of the quietest compact cruisers out there.

Models: Dragonfly 25, 28, 32, 35, 1200

Length: 25’ – 39’

Designed for both safe cruising as well as for high speed racing, Catri trimarans will make your day. Especially noteworthy is the Catri 25, a stable yet wildly fast foiling trimaran with accommodations for up to 6 people. With profiles optimized for speeds of 25+ knots when foiling, this is no beginner’s sailboat. The special attention paid to stability in the foil design allows the Catri to be a single sailor vessel, even at foiling speed, with no special physical abilities. Whether you’re taking a small crew for longer rides at shuddering speeds or bringing the whole family along for a shorter, but still thrilling sail, the Catri is truly one of a kind.

Models: Catri 25

Length: 25’

Use: Cruiser/racer

A popular brand of trimaran in Europe, Astus has recently made its way to the US market to the delight of sailors on this side of the pond. Designed to offer maximum pleasure with minimum hassle, all models of Astus trimarans are fast to set up, quick on the water, inherently stable, and always a joy to sail. Their outriggers are mounted on telescopic tubes for easy stowage and towing, and can even be extended and retracted on the water for access to narrow passageways and monohull slips in marinas. With models in all sizes and price points, Astus trimarans are a great option for any sailor.

Models: Astus 16.5, 18.2, 20.2, 22, 24

Cabin: Some models

Length: 16’ – 24’

Use: Sport cruisers

HOBIE ADVENTURE ISLAND

Great for beginners and adventurers alike, the Hobie Mirage Adventure Island series is nothing if not just plain fun. With the option to use as a kayak or as a very basic trimaran, the Hobie is transportable, versatile, unintimidating, lightweight, and wonderfully affordable. The pedal system known as “Mirage Drive” allows a person to pedal the kayak using their legs for an extra kick of movement in slow winds. Amas tuck close to the main hull for docking or car-topping, adding serious ease and convenience to the exhilarating experience of the Hobie.

Models: Hobie Mirage Adventure Island, Mirage Tandem Island

Length: 16’7” – 18’6”

Use: Convertible kayak/trimarans

Best known for its use in camp cruising excursions, the Sea Pearl offers a roomy main hull and particular ability to sail in very shallow waters, making beaching and launching a breeze. The lightweight Sea Pearl trimaran is easy to tow, and the larger-than-expected cabin opens this vessel up for overnight adventures with plenty of storage space. The simple design makes the Sea Pearl notoriously low maintenance, and the ease it takes to rig and sail it add to the overall delight of owning this boat.

Models: Sea Pearl

Length: 21’

Use: Camper cruiser

Quick, lightweight, roomy, and trailerable, Farrier trimarans are made for versatility to fit every sailor’s needs. Different Farrier models are available in plan or kit boat form for those who appreciate building their boat themselves, but of course, also as the full production sail-away boat for the rest of us. Single-handed rigging and launching takes under 10 minutes from start to finish, minimizing hassle and getting you on the water fast. All non-racing Farrier designs use a minimum wind capsize speed of 30 knots or more to ensure safety for all those aboard. Add the roomy cabin and high speed capabilities to the equation and you’ve got a boat that is great fun for everyone.

Models: F-22, 24, 25, 82, 27, 28, 31, 9A, 9AX, 9R, 32, 33, 33R, 33ST, 36, 39, 41, 44R

Length: 23’ – 39’4”

Cost: $$$ $$

Use: Sport cruisers/racers

One of the biggest names in the game, SeaCart is internationally noted for its high performance trimarans that far exceed expectations for a production boat of its size. The SeaCart trimaran performs as brilliantly off the water as it does on with its super-light and efficient harbor folding system, making light work of trailering. Notoriously easy to manage and maintain, the SeaCart 26 One Design is the ultimate day racing trimaran, designed for both course and inshore/coastal distance racing. Absolutely worth the international buzz it has garnered, the SeaCart is a thrill from beginning to end.

Models: SeaCart 26

Length: 26’

A high performance racer class, the Multi 23 is a lightweight, powerful trimaran known for its wicked speed of up to 25 knots. Multi trimarans of both available configurations were designed to give beach cat thrills and speed without any of the stability or seaworthy concerns. Open ocean sailing is no issue for the Multi’s big bows, which do their job to keep her stable. Built for sailors with a need for speed, the Multi makes a perfect weekend boat for racers, especially those with a taste for boat camping.

Models: Multi 23

Length: 23’

Another dual outrigger sailing kayak/canoe design, the Triak trimaran was designed to be effortless and fun, especially for beginners. Paddle the kayak with sails furled, use the foot pedals for an extra kick of momentum, or sail with just the mainsail – the only boat in its class to feature an asymmetrical spinnaker – for exhilarating speeds and a blast on the water. Car-top the Triak anywhere for a quick sail or plan for a week long expedition, but always count on having a great time on this easy little boat.

Models: Triak

Length: 18’

Use: Convertible kayak/trimaran

SeaRail trimarans are known for being affordable, light weight, trailerable trimarans that offer the perfect combination of exciting and relaxing experiences to a wide range of sailors. Whether it’s day sailing with your family, resort or camper sailing, SeaRail trimarans are ideal leisure vessels. Leave the hassle to the other boats – the SeaRail takes you from trailer to sailor in 15 minutes. But don’t let its reputation as a leisure tri fool you: if speed is what you want, rest assured that the SeaRail can deliver that as well.

Models: SeaRail 19

WARREN LIGHTCRAFT

Warren Lightcraft trimarans , another example of a convertible kayak-to-sailboat option, are known for their aesthetically pleasing designs that are also, as the name implies, very light for simple transportation and ease of use. Convert the kayak into a fast, high performance sailboat in just minutes, fly around on the waves all day long, then simply car-top the 68lb Warren for a maximum enjoyment, low-hassle day on the water. Perfect for sailors and paddlers of all skill levels, the Warren Lightcraft is the best of both worlds and an absolute joy to sail.

Models: Warren Lightcraft

Length: 15’6”

Built strictly with racing in mind, the Diam 24 is a light, powerful one-design class trimaran and a notoriously exceptional performer. Boasting blistering speeds of up to 30 knots, Diam trimarans are not intended for beginners. For racers who crave the very best in terms of intense speeds, smooth handling and impeccable performance, the Diam is the red-hot one-design racing tri for you.

Models: Diam 24

Length: 24’

For the sailor who prefers the finer things in life, the Radikal 26 delivers. Perfect for bringing the whole family out for a day on the water, this high performance, trailerable sailing trimaran strikes the most luxurious balance between quicksilver speeds and a smooth, comfortable ride. The Radikal 26 trimaran is as convenient to transport and set up as it is pleasant to sail, with a folding system that minimizes rigging hassle and also makes this a trailerable tri. Built for a fast and comfortable sail rather than a hold-onto-your-seats thrill, one-the-water safety and overall pleasure makes the Radikal 26 what it is.

Models: Radikal 26

Use: Sport cruiser

A solidly-built, single-handed trimaran, the Challenger also doubles as an adaptive design – meaning it is made to accommodate sailors of all levels of physical mobility. Best suited to lakes, the Challenger is a very safe, seaworthy boat for sailors of all ages and experience levels. Add to this the ease of owning, transporting and maintaining the Challenger trimaran and what you get is a simple, fun sailboat perfect both for beginners and those seeking a cheap thrill alike.

Models: Challenger

At a glance comparison:


Astus 16.5, 18.2, 20.2, 22, 24	16’ – 24’	Sport cruiser	Some models
Catri 25	25’	Cruiser/racer	Y
Challenger	-	Day sailor	N
Pulse 600, Sprint 750 MKII, Dash 750 MKII, Cruze 970, Corsair 28, 37, 42	19’8” – 37’	Sport cruisers	Y
Diam 24	24’	Racer	N
Dragonfly 25, 28, 32, 35, 1200	25’ – 39’	Luxury cruiser	Y
F-22, 24, 25, 82, 27, 28, 31, 9A, 9AX, 9R, 32, 33, 33R, 33ST, 36, 39, 41, 44R	23’ – 39’ 4”	Sport cruisers/racers	Y
Mirage Island, Mirage Tandem Island	16’7” – 18’6”	Convertible kayak/trimarans	N
Multi 23	22’	Racer	Y
NEEL 45, 65	44’ – 65’	Luxury cruiser	Y
Radikal 26	26’	Sport cruiser	Y
Sea Pearl	21’	Camper cruiser	Y
SeaCart 26	26’	Racer	Y
SeaRail 19	18’	Day sailor	N
Triak	18’	Convertible kayak/trimaran	N
Warren Lightcraft	15’6”	Convertible kayak/trimaran	N
Weta	14’5”	Racer	N
WR 16, 17, Tango, Rave V	10’11” – 18’3”	Day sailor	N

Did we miss one? Let us know. Tell us what you sail and what you like about each boat in the comments below.

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Folding System

Legendary ability, unbeatable reliability.

Folding and unfolding a Corsair trimaran takes only a minute. With just 4 bolts to remove, it is easily managed by one person, and is normally done while afloat. Simply raise (to fold) or press down (to unfold) the inboard end of one cross beam. It can be done from the safety of the cockpit and only a little force is needed due to the folding system’s carefully balanced geometry, and the movement of the floats being mostly horizontal.

The solid aluminium folding struts have absolute control over the folding motion and prevent flexing or racking. A stainless steel bolt on the inboard end of each beam secures the floats for sailing. Crucially, wingnets remain attached during the folding process – their frictionless fixing allows them to tension themselves appropriately through the folding process. The system is so simple and balanced that Corsair trimarans can even be folded while motoring.

TRAILERING ACROSS CONTINENTS

Corsair Marine trimarans are especially weight-conscious, and sit low on their trailers meaning they have excellent trailering characteristics. They are equally easy to launch, giving you more time on the water, and the ability to expore many more remote cruising grounds or participate in regattas far from home. Some Corsair trimaran models go from trailer to water in 25 minutes, and with practice even the largest boat models can be done in 40 minutes.

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