Suros Capital signs up 1,000 adviser partners
Suros Capital has signed its first 1,000 adviser partners to its short-term lending proposition.
The luxury asset-based lender — which secured loans against alternative assets, such as classic cars, jewellery, fine art, watches and fine wine — believes that this achievement is a result of the intermediary sector’s desire to explore alternative funding sources when clients are unable to secure traditional funding.
Ray Palmer, director at Suros Capital, said: “There was a time when bridging and short-term lending were bywords for fast completions, and there are still cases where the stars align for affordability and credit checks, property valuation and legal process to take place quickly.
“However, for many clients who need access to funding quickly or have complex financial arrangements that require a greater burden of proof in today’s regulated world, traditional short-term funding sources are not flexible or fast enough,” he claimed.
“Individuals with high-end assets can utilise them as security against a Suros loan without the need for affordability tests, credit checks or excessive paperwork.
“Once an asset has been valued by us, funding is as fast as the client wishes and, with the asset in our system, further funding can be released on the same day.”
ABOUT SUROS CAPITAL
We are a specialist lending company providing loans secured against luxury assets. Our short term loans are designed for clients with liquidity challenges who need to raise funds quickly.
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We are a specialist lending company providing loans secured against luxury assets. The group we are part of has lent over £200 million against luxury assets since 2010, and we are funded by Crestline Investors, Inc.(‘Crestline’), an institutional alternative asset manager.
Official Finance Partner of the Aston Martin Owners Club
© 2023 Suros Capital – all rights reserved. Suros Capital is a trading name of Hopkins & Jones Limited who are authorised and regulated by the Financial Conduct Authority. Firm reference number 731198. Hopkins & Jones Limited is registered in England under company number 433606. Registered office: 127 Victoria Street, London SW1E 6RD. VAT number: 238 8280 37.
Official Finance Partner of the Aston Martin Owners Club
© 2023 Suros Capital – all rights reserved. Suros Capital is a trading name of Hopkins & Jones Limited who are authorised and regulated by the Financial Conduct Authority. Firm reference number 731198. www.suroscapital.co.uk is a site operated by Hopkins & Jones Limited, registered in England under company number 433606. Registered office: 127 Victoria Street, London SW1E 6RD. VAT number: 238 8280 37.