Suros Capital has introduced a new facility for advisers and their clients to provide immediate short term funding for future projects or purchases, based on the advance valuation of luxury assets such as classic cars, jewellery, fine art, watches and fine wine.
Over the past year, Suros Capital has received repeat business on a number of occasions where a customer has reused assets which had already been valued for previous purchases or projects. Having already established the value of the assets, funding becomes an immediate transaction.
The new facility means that customers and their agents can establish in advance that by having assets pre-valued, they have a confirmed facility which is ready for them when they choose to use it.
Charles Hodge (pictured), business development director at Suros Capital, said: “This facility develops our service and provides certainty for customers that they have a funding source on tap whenever they need it. In turn, this will give them the confidence to act when they spot opportunities, knowing that with Suros Capital behind them, with funding already agreed, they can move quickly to secure their purchase.”