Who We Are &
What We Do
Even individuals with substantial wealth face situations where easily gaining access to millions of dollars of short-term capital in a few days can be a major challenge.
Often times, traditional forms of financing are too slow, burdensome and invasive, or have negative tax or other consequences that make them less than ideal or unviable choices, particularly when time is a factor.
Family Office Backing
Luxury Asset Capital is backed by a multi-billion dollar family office in the New York metropolitan area, and is built to help high-net-worth individuals and families overcome this challenge.
Smooth and Simple
Doing business with us is straightforward and discreet, requiring little paperwork, typically no credit checks, virtually no personal or business information and no waiting period.
Value Based Lending
Our sole determination for the amount of capital we can provide is the value of the asset(s) we secure as loan collateral.
HOW IT WORKS
Contact us by phone in our Denver office at 720.230.0820, our New York office at 212.776.1020 or email at email@example.com to discuss how much capital you need, your required timeframe for getting it, and the luxury assets you have available to use as collateral.
We will arrange an evaluation of your assets and provide capital based on a loan to value (LTV) ratio of typically 50-70% of its current market value. Upon execution, we take possession of the asset (or in some cases just the title and we store the asset, or become a lienholder) and wire the capital.
We accept a wide range of assets as loan collateral, including:
- Luxury Cars
- High-end Watches
- Luxury Handbags and Accessories
- Jewelry and Precious Metals
- High-value Collectables and Auction Items
- Real Estate (in specific situations)
Any assets we take possession of are stored in secure locations with the utmost care and privacy. We charge fees from 1.5% per month based on the asset type, loan amount and term of the loan requested by our clients. Upon repayment of the principal loan and any outstanding monthly fees, we return the asset or can maintain storage until clients decide to draw capital again.
SPORTS & ENTERTAINMENT
WatchBox Introduces Specialty Financial Services Through Partnership with Luxury Asset Capital
Global pre-owned watch platform’s service offerings include buying, selling, trading, and now borrowing against the value of pre-owned luxury timepieces
Philadelphia, PA; Denver, CO (December 5, 2018) – WatchBox, the leading global platform for the buying, selling, and trading of pre-owned luxury timepieces, and Luxury Asset Capital, a leader in the alternative financing market, today announced a specialty financial services partnership that enables WatchBox’s clients to quickly access capital backed by luxury timepieces or other luxury assets held as loan collateral by Luxury Asset Capital.
WatchBox has achieved global recognition for its trustworthy, easily accessible, and efficient solution for monetizing pre-owned watches. While many parallels can be drawn between collectible art and fine watches, auction houses and financial institutions alike have long offered financial services for the art market, while the watch market has historically not had the transparency nor liquidity to support comparable services. WatchBox and Luxury Asset Capital’s specialty financial services enable clients to realize a broader range of options for their timepieces.
“Our strategy at WatchBox is to deliver a full suite of services for the luxury watch buyer and collector,” said David Kaplan, Chief Marketing Officer for WatchBox. “We buy, sell, and trade thousands of watches every year. Our partnership with Luxury Asset Capital allows clients to tap into the equity of their luxury assets without forfeiting ownership or future appreciation.”
The financial services offered in partnership with Luxury Asset Capital represent another avenue to ‘unlock’ the value in one’s personal watch collection. “At Luxury Asset Capital, we enable clients to quickly and easily borrow against their past purchases, instead of leveraging their future by selling stocks or other securities,” added Dewey Burke, President and CEO of Luxury Asset Capital. “There is a natural fit between Luxury Asset Capital and WatchBox. Luxury watches are consistently among the most popular assets our clients use as loan collateral because they retain so much of their value, and thanks to companies such as WatchBox, enjoy a vibrant secondary market.”
We buy, sell, and trade thousands of watches every year. Our partnership with Luxury Asset Capital enables our clients to quickly tap into the equity of their luxury assets for immediate cash needs without forfeiting ownership or future appreciation.
HOW IT WORKS
Luxury Asset Capital & WatchBox
Prospective clients initiate the loan process through an inquiry on WatchBox’s website, similar to the process of selling one’s watch. After receiving a loan quote from Luxury Asset Capital, the client receives free insured shipping to Luxury Asset Capital’s secure facility.
Upon inspection of the watch, Luxury Asset Capital offers financing in amounts up to USD 5 million. Funds can be wired immediately upon agreement of loan terms, and owners can redeem their collateral – watches or other luxury goods – at any time by paying off the loan principal plus service fees incurred.
Luxury Asset Capital®, a leading provider of alternative financing, today announced several key initiatives to sustain its rapid growth rate, including strategic marketing and sales hires, opening a New York City office, and entering into a definitive agreement to purchase a competitor in the alternative financing market. The company’s current expansion initiatives start with several strategic marketing and sales hires, including Katelyn Conlon, Senior Vice President of Marketing, Shelley Berube (formerly Sullivan), Executive Vice President, and Karen De Lama, Director of Strategic Partnerships.Read More
Luxury Asset Capital®, leading provider of alternative financing, today announced that its first quarter, 2019 key business metrics of total new loan value and average new loan size have both increased over 500% in comparison to its first quarter, 2018 results, reflecting significant and steady growth of the company over the course of the first full year of operation of its LuxExchange and Luxury Asset Capital brands, combined with its legacy Pawngo brand. The company also announced that investors have doubled its line of credit from $50 to $100 million to support continued growth...Read More
WatchBox, the Philadelphia-based e-commerce platform for buying, selling, and trading pre-owned luxury watches has partnered with alternative financing specialist Luxury Asset Capital to offer fast cash to watch owners who wish to unlock the value of their collections rather than seek traditional lines of credit. Occasionally, even wealthy individuals need quick cash infusions to cover financial obligations, such as tax bills, margin calls, closing short-fuse business opportunities, or even retaining a top divorce attorney...Read More
WatchBox has partnered with Luxury Asset Capital to provide specialty financial services to enable its clients quick access to capital. The capital will be backed by luxury timepieces or other luxury assets held as loan collateral by Luxury Asset Capital. WatchBox hopes the move can allow its customers to realise a broader range of options for their timepieces. Chief marketing officer for WatchBox, David Kaplan, said: “Our strategy at WatchBox is to deliver a full suite of services for the luxury watch buyer and collector...Read More