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Details - Information last confirmed on May 25, 2021
The world of lending against esoteric assets is actually far simpler than most internet brokers would have you believe. We lend against esoteric assets such as gemstones, jewelry, precious metals, artwork and related items.
This strictly asset backed loan has a simple and easy to follow structure that doesn’t require specific credit scores, cash flow or financial historical underwriting guidelines used by banks.
Asset’s typically remain in their current location as long as it’s an approved storage facility. In addition, the client typically is not required to place any “insurance wraps/policies” on the collateral. Loans are typically structured accordingly:
• Asset based loan with minimum financial underwriting requirements
• Loan to value is 50% of the wholesale value
• One lump-sum disbursement
• Loans are typically for 12 months with the ability to role and extend
• Balloon payment is made at the end of the term of the loan
• No pre-payment penalties
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.