Suros Capital welcomes strong new business enquiry levels
Suros Capital, the luxury asset lender, which launched its proposition to the intermediary sector in November, has reported that a significant number of brokers have signed introducer agreements and that new business enquiries have surpassed expectation.
Over 200 intermediaries have signed introducer agreements with Suros and the pipeline of enquiries is already in excess of £10 million. Suros Capital completed its first official loan of £100,000 secured against a client’s diamond ring. The purpose of the loan was to help fund a property deal which had been repriced. With no alternative source of funding able to respond fast enough, the client’s adviser approached Suros Capital and funds were released as soon as the ring had been appraised by Suros’s specialists.
Suros Capital director, Ray Palmer, said, “We have had a great response from the adviser sector in the short period of time since we launched. From the feedback received so far, brokers can see that luxury asset finance gives them a unique short term capital raising tool, that is fast, completely reliable and not subject to the paperwork that surrounds lending secured against bricks and mortar. Just to demonstrate the variety of assets we are currently being offered, there is artwork from Banksy, an Old Master painting, a Bentley Continental Type-R, a rare limited edition 80’s Porsche and a brand new Lamborghini 4×4 to name just a few examples.
Ray added, “It is clear from the feedback we have had that there is a dynamic niche for Suros Capital’s luxury asset lending facility in the short term lending market and we look forward to solving funding needs for clients who need access to immediate finance for any purpose and have assets against which we can lend.”
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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Our Business Development team is available to help with your enquiries.
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.
© 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: 88 Fleet Street, London EC4Y 1DH. VAT number: 238 8280 37.
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© 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: 88 Fleet Street, London EC4Y 1DH. VAT number: 238 8280 37.