There are times that going to get a loan from the bank is just too much trouble! there are many forms to fill out, and that does not guarantee the loan. why allow traditional banks to be so invasive where we facilitate a loan based on the asset itself and not your credit score or your ability to pay ?
Our Sports & Entertainment loan works exclusively and best suited for athletes, entertainers, and their trusted advisors to provide short term capital from approximately $50,000 to $5 million in a few days using a professional athlete’s or entertainer’s guaranteed contract as collateral. The Sports & Entertainment is run by a leading media, entertainment and sports attorney.
The demands on the time, resources, and finances of athletes and entertainers is significant. Opportunities and challenges can arise at any time, and the funds required to successfully handle them may not be immediately available. Typical situations include financing luxury purchases, investments, relocation expenses, assisting family members with expenses, or unexpected costs ranging from taxes to medical bills. The Sports & Entertainment loan is easy and can obtain $50,000 to $5 million or more within days through loans that typically range from 4-6 months but can be longer, until cash flow is restored or longer-term financing is arranged.
For more information please contact us.
At times, you have an urgent need to sell your diamonds, without the desire to take a loan. This is where we can be of great help and save time. we will assess and offer the best price that we can on the diamond. The disbursement is done within 24-72 hours after we secure the diamond in our possession.
This type of loan is used when you have the intention of selling your Luxury Asset, but require adequate time and some advanced capital. This method is used to ensure that the sale is done to maximise the value of the Luxury Asset. This Type of loan is also for as little as 3 months and up to over year or more, depending on the asset. Interest payment is at a fixed rate, monthly, or deducted from the proceeds once the Luxury Asset is sold.
This is the most often used type of Luxury Asset Loan. It is a short term loan from as little as 3 months to over a year. The loan is disbursed upon the safeguarding of your Luxury Asset, and is returned when the loan is fully repaid. Interest payment is monthly, at a fixed rate, on the balance of the loan.
There are times in life when we need to obtain a loan for something, and time is of the essence. When you have art you can use it as collateral for an equity loan. Online secured personal loans are fast and easy. The reason is that there is no credit check required when you use art as your collateral. There are several advantages to using art in this way. You can Increase your liquidity from the value of your art collection. There are no extensive bank checks, which take a long time, nor are any inquiries into your credit performed. The terms which you pay are flexible, and compared to other financing options the interest rates are competitive. Your liability is strictly limited to the artworks that you put up as collateral, not against any other assets. The size of the loan is dependent on the value of the item you have for collateral, this can be from up to a few millions of Dollars. When you do the inquiry this process is free and so is the initial valuation of your item(s) and you are under no obligation to move forward.
A non-recourse loan with Luxury Asset Pro uses your works of art as the only collateral. What this means is that your artwork is the sole guarantee of the loan. There are no further credit checks needed. Also we will not forward any of your personal data to a third party. Your privacy is of utmost importance to us. This also means that there is no personal liability. You, the borrower, must be the legal owner of the artwork. You should be able to provide proof of ownership of said artwork as well as the ability to provide your proof of identity.
The appraisal process makes loans quick and easy. Valuation of your Luxury Asset is performed by a professional appraiser; there is no involvement of either an auction house or an art dealer. Your work of art will be given a reselling appraisal. You will then be able to borrow a percentage of this appraisal. This will be your LTV ( Loan To Value).
Care and Professional Storage of Your Artwork During The Loan Term
Your artwork will be professionally stored in a specialist art storage facility. In most cases at the request of the borrower this can be in the closest major city that has a proper facility. The art will be stored under the loan financier’s name. During the term of the loan, the artwork can be accessed by the borrower for the purpose of sale to pay off the loan, but the artwork must stay in the possession of the facility and cannot be removed.
The term of your loan is flexible depending on your needs, usually terms of as little as six months to seven or more years are available depending on the artwork. Interest rates depend both on the artwork as well as the length of the loan. In the event that the term is exceeded, the agreement can be extended, often at the same terms and conditions upon request. When the loan including all interest has been paid, the work of art will be returned. There are no hidden fees. Luxury Asset Pro pays all costs of appraisal and examination, storage and insurance while at the storage facility, the customer can arrange transport to an art storage facility of his or her choice.
Luxury Asset Pro has a powerful network of discrete partners who are not present in the art market. We can provide loans worldwide that are not available elsewhere.
Non Repayment of Loan
In the event that a loan is not extended and the loan is not paid as agreed, the artwork will be put up for public auction at the earliest convenience or may be sold in a private sale.
If through this auction or private sale additional proceeds are generated after all costs have been deducted (appraisal, loan, interest, sale and auction fees etc.) then these proceeds will be paid to the borrower. It is in the interest of all parties to obtain the highest sale returns.
For more information or to get the loan process started click HERE