Sponsored: Turn Your Watch Collection into a Revolving Line of Credit
Quickly gaining access to capital can be a critical step in securing fast-moving opportunities and solving circumstantial problems. Luxury watches are a valuable asset for many collectors, though most financial institutions don?t accept them as loan collateral. The ability to gain access to the equity stored in these watches without selling them is a largely unmet need, and one that specialty financial service provider, Borro, is assisting in offering.Â
Borro by Luxury Asset Capital is a collateral lender that helps people unlock the equity in their watches without having to sell them. The service allows watch owners to leverage their collections for a flexible line of credit. In establishing a luxury line of credit, Borro provides more versatility than a standard collateral loan, with benefits like a fixed interest rate independent of the amount borrowed. Additionally, during the activation period of a luxury line of credit, watches are stored free of additional charge in Borro?s secure vaults.
So, what exactly is a luxury line of credit"
A “luxury line of credit” is a revolving credit line that can be drawn upon at any time for immediate funding after the valuation of watches and/or other luxury-class assets. The line of credit Borro offers ranges from $2,500 to $5,000,000 depending on the valuation of the asset(s) used for collateral. Once a luxury line of credit is established, Borro works quickly and efficiently, granting users ...
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