Unlocking Liquidity: How to Secure a Non-Bank Loan Using Your Luxury Assets

NEW YORK - June 7, 2024 - PRLog -- Dewey Burke is the Founder and Chief Executive Officer of Luxury Asset Capital, the nation's largest privately-held provider of non-bank loans on luxury assets. The company acquired its two largest competitors, Borro (January 2019) and Beverly Hills and New York Loan Company (December 2021). Today their brands have loaned over one billion dollars to tens of thousands of clients across the country.

In the world of luxury, assets hold a special place. The alternative finance market, which offers new ways for individuals and businesses to get funding and invest, is growing and changing quickly.

Yachts, private jets, fine art collections, collector and exotic cars, watches, luxury handbags, and jewelry are just a few of the assets that provide immediate and confidential liquidity to owners. With the global alternative finance market valued at $173.9 billion in 2022, and projected to reach $920.9 billion by 2032 it is no surprise luxury asset financing has become a booming industry.

With interest rates climbing, along with the tightening of standard lending criteria among conventional bridging firms, luxury asset lending is more attractive than ever. It's a unique financial solution that allows individuals to monetize their valuable possessions without the need to sell them.

Below is a short clip of the Spotlight interview coming up with Dewey Burke. https://www.youtube.com/watch?v=VrnDlmB8M08



Tune in to this financial interview with one of the brightest minds in luxury asset financing scheduled to air nationally on Bloomberg TV as sponsored content at 11:00 pm EST on Saturday, June 22, 2024.

Spotlight Television is a National Television Show airing on Fox Business as sponsored content. A premiere news magazine show Spotlight shines the spotlight on Leaders, Products, and the next big thing, who are making a difference in the world.

Luxury Asset Capital®  is a leader in the alternative financing market, with tens of thousands of transactions and over one billion dollars in loans funded by its Borro, New York Loan Company, and Beverly Loan Company brands since inception. They are a private lender to individuals and businesses in exchange for luxury assets that are held as collateral when traditional channels of financing are either too slow, invasive, burdensome or, in some cases, unavailable. They unlock the equity in a wide range of assets that are high in value but low in liquidity and execute transactions from thousands to millions of dollars in as little as one hour.

To learn more about Luxury Asset Capital visit: www.borro.com.