Returning client accesses £200,000 short term funding in 24 hours
Short term luxury asset lender, Suros Capital, has just completed a second bridging loan for a Surrey based property developer.
The client, who also owns a Rolex and Patek Philippe luxury watch collection, required a £200,000 loan to complete a property refurbishment.
Suros Capital had provided funding on a previous occasion to this client and because they had previously assessed and valued his watch collection, it was able to release the full amount of £200,000 within 24 hours of the request.
The funding is required for six months and will be repaid on the sale of the refurbished property.
Ray Palmer, director of Suros Capital, commented, “Our client had used our services before and knew how easily we could provide finance for him to complete his project. We had already valued his collection for an earlier loan, so it was simple to lend on it again as security for the new loan. Suros Capital provides the fastest method for owners of luxury assets to access short term finance.”