Leverage Your Luxury Assets
Collateral Loan
LUXURY
COLLATERAL LOAN
A SHORT-TERM LOAN TO MEET A FINANCIAL DEADLINE OR SEIZE AN OPPORTUNITY
Borro’s Luxury Collateral Loan is our standard loan product that enables you to use a wide range of luxury assets as collateral for loans. Interest is paid monthly on loan balance at a fixed interest rate. Your assets are securely stored and fully insured by us from when they leave your possession until they are returned when your loan is paid off.
- Funding in 1-2 business days
- No personal guarantee
- No credit check or lengthy paperwork
- Flexible terms to suit your specific needs
- No pre-payment penalties
How it works
A simple process to borrow against
the value of your luxury assets
1.
Apply
Online. Over the phone. In person.
2.
Ship
We pay for insured shipping or you can bring your asset in person.
3.
Get funded
Get our loan offer, sign our contract and receive the funds via wire.
PAY YOUR LOAN OFF & GET YOUR ASSET BACK
Assets We Accept As Collateral
We unlock the equity in a your assets that are high in value but low in liquidity.
Flexible Terms. Secured Loans. White Glove Service.
A Borro Case Study
Bridge the Funding Gap on a Real Estate Deal
An entrepreneur needed capital to bridge a funding gap preventing the close of a real estate purchase. The timeframe to arrange traditional funding would extend beyond the targeted close date, jeopardizing the deal.
Borro loaned him $4,200,000, using 6 classic automobiles as collateral, and the real estate purchase closed on-time. When traditional funding was subsequently secured, the Borro loan was repaid and the client’s assets were returned.