Luxury asset lender Suros Capital has become the latest addition to Loans Warehouse’s lender panel to provide unique short-term finance propositions to its introducers.
Suros, which launched in November 2020, provides services for customers looking to raise money quickly, but secured against luxury assets including jewellery, fine art, watches, luxury and classic cars and fine wine – rather than traditional bricks and mortar.
Matt Tristram, director of Loans Warehouse, comments: “As a specialist distributor, we receive hundreds of enquiries every week from brokers who use us because of our reputation for finding finance solutions for their customers.”
“Suros Capital gives us another dimension to the service we can offer our introducers. Their proposition, based on lending secured against high value personal assets, offers us a complementary short-term funding resource to our existing lender portfolio.”
He says uncertainty in the housing market, with ‘erratic valuations’ in certain areas, means that the Suros product will be an ideal option when there is a shortfall on a bridging loan due to a lower valuation.
Ray Palmer, director at Suros Capital, adds: “Key distributors like Loan Warehouse are vitally important to us in spreading the message about the Suros proposition and we are delighted they have agreed to partner with us.”
“Thanks to the simplicity, speed and transparency with which we can provide funding, their introducers can access instant short-term borrowing to intermediary clients who have luxury assets on which we can secure our loans.”