Cash flow challenges can hit everyone from time to time. Even wealthy individuals can have difficulty getting quick access to capital. Traditional forms of financing can be too small, burdensome and invasive.
Here at Balanced Bridge, we can now provide a short-term funding option using high-value luxury assets as collateral.
How Would Luxury Asset Financing Work?
An evaluation of your asset is arranged, and any advance would be based off the appraised current market value. When the transaction is completed, we secure possession of the asset. In some instances, we can secure the title or become a lienholder. Then, capital can be wired to you.
Now, you can take high value items and convert them into convenient capital to fit your needs without having to sell.
What are the terms of a luxury asset financing transaction?
The amount advanced can be up to 50-70% of the current value of the asset. Fees can range from 2-4% per month on the advance and are based on factors such as the asset type or funding amount.
The term of the advance is typically anywhere from 4-6 months but can be extended if cash flow isn’t restored or if alternative long-term funding is not able to be procured.
Balanced Bridge can fund from $10,000 up to $5 million and capital can be attained in just a few days with our proprietary, cloud based underwriting system.
Once payment is made on our advance, Balanced Bridge will return your asset or you can borrow against it again if needed.
What types of assets can you use for funding?
Balanced Bridge can accept a wide range of assets as collateral, including but not limited to:
- Luxury cars
- High-end watches
- Luxury handbags and accessories
- Fine art
- Jewelry and precious metals
- High-value collectibles and auction items
- Real estate (in specific situations)
How can I learn more about Balanced Bridge’s luxury asset financing?
You can feel free to visit our website for more information on the firm and the types of specialty financing we provide.
Please feel free to contact us at 267-457-4540 or email@example.com to discuss how a luxury asset advance might help you. We’re happy to answer any questions and learn more about the types of luxury items you have and how much capital you can receive from them.
Written by Richard Heilshorn, Senior Investment Analyst at Balanced Bridge Funding.